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It is so hard to know whether these reports are really done with the vigour that justifies trusting the conclusions but I guess I'll spend some time finding out
by Traster 5y ago
It is so hard to know whether these reports are really done with the vigour that justifies trusting the conclusions but I guess I'll spend some time finding out.
- Traster 5y agoFirst observation: their research points out 80% of transactions are via exchanges and it seems their research basically does nothing to analyse that 80%, it's all on-chain analysis (ie, completely worthless and extremely ironic since they literally describe the block chain being a move away from a "few centralized record keepers" - bitcoin is far better, only accounting for 80%) >"Without proper regulation, this is going to be a very dangerous place for many retail investors.” I don't like Bitcoin. I hold no bitcoin. Even for me, this reeks of institutionalism. Is it better that you pay repetitive over-draft charges at your bank or exorbitant fees to your local investment advisor, or watch your savings disappear into nothing through inflation? I don't know how, but MIT is radicalising me. To be honest the over-arching theme of this article is just "let's apply all the legacy regulations to bitcoin". Which is probably right in general, but this article does a poor job of selling it.
- ur-whale 5y agoI think your sentence makes more sense of s/vigour/rigor/g
- Traster 5y agoI think both work.