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Real people are getting hurt by unregulated crypto
- goncaloo 4y agoCrypto and blockchain tech has real potential, but unfortunately it just morphed into an actual ponzi scheme. I wouldn't be surprised if most of bitcoin was held by ~5 people that manipulate the market and make millions off it.
- bendtheblock 4y agoauthor here - I am an exited founder looking for next thing - I dug so deep to find the value. This was my conclusion too.
- rvz 4y agoJust like 2017, of course they are getting hurt in 2022. That's why schemes like ICOs that were popular years ago (Thanks to Ethereum /s) were made illegal in the US. [0] Many countries like the UK, Canada, etc to follow. It is inevitable that regulations will be put in place and cryptocurrencies that are compliant will still be around. [0] https://cointelegraph.com/news/the-death-of-the-ico-has-the-us-sec-closed-the-global-window-on-new-tokens https://cointelegraph.com/news/the-death-of-the-ico-has-the-...