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It's hard to understand what to do about this without making some sort of congressional committee to decide which cryptos are good ones and which aren't (and th
by anm89 5y ago
It's hard to understand what to do about this without making some sort of congressional committee to decide which cryptos are good ones and which aren't (and that will obviously never happen and shouldn't)
People have a right to spend their money on things. If the choose to spend their money on nonsense that has no contractual obligation to return their funds to them that seems like a legal transaction when the funds don't get returned.
I do feel for some of the people who thought they could have a better life by 10xing or 100xing their networth on scam coins but the reality is they didn't do their research and willingly walked into this.
- CincinnatiMan 5y agoTo a certain extent there's value in stopping individuals from giving away their entire networth though, whether they lose it through insecure crypto or to fraudsters calling about "an amazing investment opportunity". People whose lives are wiped out don't simply cease to exist, they very well can become a burden on other members of society. A lot of decisions we make in the modern day have guardrails set up to protect the individual to a varying extent (which is often a topic of politics), so it may be we eventually get guardrails in the crypto space as well.