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This praise of financial innovation absent regulation is ridiculous. These are changes on the margins after decades of borderline criminal anti-consumer behavi
by downWidOutaFite 5y ago
This praise of financial innovation absent regulation is ridiculous. These are changes on the margins after decades of borderline criminal anti-consumer behavior.
You want innovation? Regulation mandating open APIs among all the banks would be unleash an innovation tsunami. Don't believe the propaganda, regulation is essential for competition and innovation.
- ghtt75 5y agoThere’s a ton of interoperability and public API access in the cryptocurrency world. All of it was achieved without mandates. How can you argue that regulation is essential for competition and innovation despite such a clear counter-example?