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So in this hypothetical, Elbonia has no laws against corruption and mugging, and we truly believe the only thing missing is the laws? Then sure, that's a fair c
by thebean11 5y ago
So in this hypothetical, Elbonia has no laws against corruption and mugging, and we truly believe the only thing missing is the laws? Then sure, that's a fair comparison. In that case one might think that Elbonia could be a great place to visit once a less lawless regime steps in.
What message do you think I'm trying to say? I'm certainly not claiming crypto is free of scams and self dealings.
- draygonia 5y agoI think he's trying to say that regulation will discourage conflicts of interest even if they don't entirely prevent it. The key point is that right now people are able to do things they couldn't in traditional markets that they can do in the crypto market and there are no penalties for it.