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>Only tight regulations can save investors because these "hacks" are way too common. and don't even get me started on Tether. Perhaps regulators have been tard
by cheese_van 5y ago
>Only tight regulations can save investors because these "hacks" are way too common. and don't even get me started on Tether.
Perhaps regulators have been tardy because they find it difficult to determine what of value was stolen. It may not be clear to them that crypto has value worth protecting by regulation.
That's not to say there is no value in crypto, or that crypto transactions do not deserve being regulated to protect the public. It's simply that regulators may not understand, or believe, that there is value worth regulating. I confess to the same lack of understanding.
- unclebucknasty 5y ago>It may not be clear to them that crypto has value worth protecting by regulation. That ship has sailed. It's really not a question of what anyone thinks of intrinsic value when the two top coins alone have a market cap of over $1T and easily do north of $60B in transactions over a 24-hour period. The number of people and amounts involved are the consideration.
- jl6 5y agoThe taxman is happy to collect their percentage on crypto capital gains so I’m not sure the value too hard to spot. It doesn’t matter if crypto isn’t really valuable in some cosmic sense.