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> why I support forceful regulation to halt this financially corrosive enterprise from spreading further into market This sounds like a religious crusade. Wha
by cblconfederate 5y ago
> why I support forceful regulation to halt this financially corrosive enterprise from spreading further into market
This sounds like a religious crusade.
What is so sacred about your 'markets' that needs to be violently preserved? Overwhelming evidence shows that people voluntarily choose something like crypto and they will create something new even if you destroy crypto.
This is typical conservativism, oppression and vilification of 'things I don't like'
- redwood 5y agoOut of curiosity do you support removing most financial services and market regulations that exist in the default economy today?
- cblconfederate 5y agoWho said anything about removing? Crypto might supercede them because it's better, but their obsolescense is entirely their own fault.
- dybber 5y agoWhy wouldn’t the regulations apply to crypto?
- eterpstra 5y agoThis is a great answer. Unfortunately the early narratives around bitcoin, blockchain, and cryptocurrency revolved around crushing and replacing the global financial system rather than upgrading or offering a sensible alternative. Critics then point to these early holy rollers and blanket label anyone interested in crypto a a religious zealot (or a criminal masquerading as a zealot).
- redwood 5y agoI assumed you were against regulating crypto and hence wondered if you were keen to see all finserv regulations removed
- olalonde 5y agoLook at his Twitter feed, he is completely obsessed with cryptocurrency and his newly acquired fame. He blocks anyone who is mildly critical of his opinions on Twitter and retweets anyone who quotes him. Cryptocurrency advocates have their share of fanatic believers and narcissists, but that guy surely takes the crown in the other camp.