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" They seem confident that there will be no repercussions to minting money out of thin air and, so far, they've been right." For the most part the crypto marke
by Eji1700 5y ago
" They seem confident that there will be no repercussions to minting money out of thin air and, so far, they've been right."
For the most part the crypto market being unregulated means that there can't be any consequences, except for market consequences. And market consequences are vaaaaastly worse. It's basically like having no one make you wear a seat belt. Sure seems fine until you're just dead.
- lumost 5y agoIt's still a great deal for the perpetrators to only make 1MM in liquid capital after defrauding billions. Non-market consequences of theft include jail time and forefeiture of funds outside of an LLC.