5 ms·
>> Why would I give them a second thought on the other side? Because if enough of them hurt, soon the government wants to bail them out, and you and I pay for
by TuringNYC 4y ago
>> Why would I give them a second thought on the other side?
Because if enough of them hurt, soon the government wants to bail them out, and you and I pay for that bailout with taxes.
Or perhaps the government forces the platform to absorb the losses, and you and I pay for that with higher fees in the future.
- jonny_eh 4y ago> soon the government wants to bail them out I would be genuinely shocked, and outraged, if the government bails out crypto investors. It has been common knowledge how risky that sector is.
- deleted 4y ago[deleted]
- martin8412 4y agoGovernment might go after those selling unregulated securities, but I doubt tax money will be used to bail anyone out.
- babypuncher 4y agoI think there is a far more likely third option; the government hands down crypto regulations similar to the financial regulations put in place during the first half of the 20th century.
- blitzar 4y agoHeads they win, tails I lose.