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Agreed. Crypto has just been a fertile ground to replay every innovation in financial crime and fraud which had already been regulated against in other markets
by skohan 5y ago
Agreed. Crypto has just been a fertile ground to replay every innovation in financial crime and fraud which had already been regulated against in other markets.
- vmception 5y agoDisagreed because the actions didn't start as regulated against in the other markets. We are operating on the same information and made a different conclusion. The other markets also started with the bad activities and then called them criminal. Kind of a stretch to say “well it wasnt criminal at first so crypto is the outlier here”
- skohan 5y agoIt just seems stupid not to learn from one's mistakes. We already know these kinds of activities are problematic and amount to theft, so it's comical to see people saying this is our financial "future" when it's hundreds of years behind in terms of the regulations and protections which make traditional financial and monetary systems safe and stable, all well offering dubious actual benefits and being incredibly inefficient from an energy perspective.