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Maybe it's my money and I should be able to do whatever I want with it? I don't want the SEC "protecting" me from things like ethereum. I don't even want the

Maybe it's my money and I should be able to do whatever I want with it? I don't want the SEC "protecting" me from things like ethereum. I don't even want the SEC "protecting" me from things like cardano, or "SHIBE" or "safemoon". Maybe provide recommendations, but it's my money. Or is it not my money? It is incredibly frustrating watching The US turn its back on what is quite obviously a major technological/financial paradigm shift. I understand the detractors 10 years ago, but...guys it's been 10 years now and blockchain technology has only increased in penetration into industries. It's not going away. The idea that the US is going to regulate itself away from being the epicenter of this is pathetic. Here's how far along it is: coinbase was a YC company that has already gone through the entire cycle of conception, startup, raising money, and going public with a $50B market cap. People like this stuff. It's not going to go away like a fad.

rcMgD2BwE72F 5y ago
What's written on your dollar bill?
- ur-whale 5y ago
  > your dollar bill? Therein lies the problem: using dollars to conduct business with other economic entities. If you can figure out way to escape that particular snare (and cryptos are such a hatch), the paradigm isn't the same anymore.
ur-whale 5y ago
> Maybe it's my money and I should be able to do whatever I want with it? I feel your pain, but you are deeply deluded: it never was your money in the first place. There are letting you play with it if you agree to play by their rules. If you don't, the government can take it back anytime it wants to, using any manufactured pretext it wants.
- mistrial9 5y ago
  don't be so quick to give up what rights you have ! it is a system of systems, and you are in it
MauranKilom 5y ago
I don't see anything being "regulated away". Just that an almost 90 year old law hasn't stopped applying. Coinbase could just stay in line with that law. They don't want to, of course, because that would put them on the same footing as regular investments. > blockchain technology has only increased in penetration into industries. It's not going away. Financial security laws applying to investment in defi is the epitome of accepting that crypto isn't going away. Don't you think?

rcMgD2BwE72F 5y ago

What's written on your dollar bill?

ur-whale 5y ago
> your dollar bill? Therein lies the problem: using dollars to conduct business with other economic entities. If you can figure out way to escape that particular snare (and cryptos are such a hatch), the paradigm isn't the same anymore.

ur-whale 5y ago

> Maybe it's my money and I should be able to do whatever I want with it? I feel your pain, but you are deeply deluded: it never was your money in the first place. There are letting you play with it if you agree to play by their rules. If you don't, the government can take it back anytime it wants to, using any manufactured pretext it wants.

mistrial9 5y ago
don't be so quick to give up what rights you have ! it is a system of systems, and you are in it

MauranKilom 5y ago

I don't see anything being "regulated away". Just that an almost 90 year old law hasn't stopped applying. Coinbase could just stay in line with that law. They don't want to, of course, because that would put them on the same footing as regular investments. > blockchain technology has only increased in penetration into industries. It's not going away. Financial security laws applying to investment in defi is the epitome of accepting that crypto isn't going away. Don't you think?