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> and frankly seems like whataboutism I hate this new trend of dismissing tangential points as "whataboutism" -- this is simply a question of priorities. It's
by dvt 4y ago
> and frankly seems like whataboutism
I hate this new trend of dismissing tangential points as "whataboutism" -- this is simply a question of priorities. It's inane to prioritize blockchain regulation when even the markets (you know, the ones we've had for a few hundred years now) aren't regulated as heavily, which was the point.
- giaour 4y agoThe markets are heavily regulated; you were complaining about someone (seemingly) getting away with insider trading. It's completely irrelevant to the topic under discussion, which was that blockchain-based solutions have been escaping traditional securities regulations. Deciding that blockchains should be a free space for crime because, hey, someone else gets away with a different criminal activity, so what's the point of having laws? is the textbook definition of whataboutism.
- dvt 4y agoAs I mentioned, it's a matter of priorities, not whataboutism. We should fix the financial system: how about we start with Citizens United, with lobbying in Washington, with more stringent insider trading rules, etc.? This (definitionally) should be of a higher priority than the blockchain—if we really care about fixing the financial system. Lamenting that the blockchain might get "regulatory favors" when the government spent $700 billion bailing out the banks in 2008 is so tone-deaf it's almost in poor taste.