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What I wish for is that governments hadn't sat on their hands when ordinary people were being scammed into these things in the first place. The entire cryptocur
by Nursie 4y ago
What I wish for is that governments hadn't sat on their hands when ordinary people were being scammed into these things in the first place. The entire cryptocurrency ecosystem represents a massive failure to regulate, and a massive victory of technical flim-flam salesmen in bamboozling the governments in the world into being afraid to regulate in case they strangled something valuable, when in fact they were allowing normal folks to get ripped off massively.
If "regular people" are losing money, it's because "regular people" have been duped and regulators have been duped. It's sad they're losing money, but it's also entirely predictable.
But do you know what? After years of being told I'm just a jealous idiot who doesn't understand cryptocurrency or blockchains by the oh-so-smart 'investors' in this space, I'm going to enjoy a bit of shadenfreude here, whatever you think of that.
If the whole space collapses I will celebrate - hopefully fewer regular people will be duped in future.