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So you want to do something regulations currently prevent you from doing. Doesn't that prove my point? If you want to earn money the same way a bank does just
by bluecalm 5y ago
So you want to do something regulations currently prevent you from doing. Doesn't that prove my point?
If you want to earn money the same way a bank does just buy stake in a bank. You don't want to do the business yourself as that means huge burden of complying with regulations unless it's crypto which goes around that.
- knownjorbist 5y agoMy point was that it's beyond simply skirting regulations, as if that is merely the goal unto itself. Something being a regulation doesn't mean it's well conceived or even ethical, and they're frequently abused by incumbents in various industries to prevent disruption and protect their golden goose. "Buying stake in a bank" does not necessarily translate to sharing in the profits a bank is already making from holding my money with them.