4 ms·
The markets are heavily regulated; you were complaining about someone (seemingly) getting away with insider trading. It's completely irrelevant to the topic und
by giaour 4y ago
The 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.