5 ms·
Unregulated exchanges might be worse for the society overall. NYSE and other centralised exchanges have alot of guard rails built to protect retail investors. F
by raghavtoshniwal 5y ago
Unregulated exchanges might be worse for the society overall. NYSE and other centralised exchanges have alot of guard rails built to protect retail investors. For ex - a circuit breaker if the price jumps/crashes too suddenly to ease panic.
Nothing similar exists on Uniswap, it's cool for people who know what they're doing, it's terrible for everyone else.
- aeternum 5y agoThe same was said of the internet. NY Times, CNN, Fox and other centralized news sites have(had?) a lot of guard rails to 'protect' people from unsubstantiated claims. The internet was the wild-west in terms of information and blogs containing potentially harmful information. Now look at where things are. The guard-rails can be built in the new medium, and the result may actually be better than what we had before.
- thedevelopnik 5y agoOur society is being destroyed by purposeful misinformation on the internet. I don’t think this argument is what you think it is.
- aeternum 5y agoFake news and misinformation was busy destroying societies since well before the internet was even a twinkle in Al Gore's eye: https://founders.archives.gov/documents/Franklin/01-37-02-0132 https://founders.archives.gov/documents/Franklin/01-37-02-01...