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Cryptocurrencies[1] are trying to be decentralized and free of regulation. But it turns out the world is run by people who like regulation. [1]: There are so m
by solveit 5y ago
Cryptocurrencies[1] are trying to be decentralized and free of regulation. But it turns out the world is run by people who like regulation.
[1]: There are so many people in crypto with such diverse views that it doesn't really make sense to say cryptocurrencies are X for any non-tautological value of X. Some people are 'code-is-law' crypto-anarchists, and some people are actually sane and can't wait for the law to get its shit together so they can build their cool decentralised prediction market without accidentally losing the ability to take international flights or something.
- logifail 5y ago> Cryptocurrencies[1] are trying to be decentralized and free of regulation Without wishing to be seen as unnecessarily snarky, so was Napster. > it turns out the world is run by people who like regulation Indeed ... and Napster found that out fairly quickly, too. Although: it was good while it lasted (speaking as an ex-Napster user...)