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Not sure if you're arguing against Ethereum, cryptocurrencies as a whole, or capitalism as a whole? Your point would be better understood if you explained what
by capableweb 5y ago
Not sure if you're arguing against Ethereum, cryptocurrencies as a whole, or capitalism as a whole? Your point would be better understood if you explained what you mean a bit more.
- jamwt 5y agoUnregulated capitalism. Regulation limits how much information/expertise disparity can tip the scales. It doesn't prevent it altogether (nor is that a constructive objective), but limits it so the distribution between the winners and losers ensures still reasonable outcomes for the loser. All that's happening in crypto is the same exploitative games/vehicles that happened in other markets before regulation protected the least informed and least Machiavellian players from the worst outcomes. There's no real innovation in that respect.