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The price of freedom is ignoring cases like this. It's a price worth paying.
by LatteLazy 4y ago
The price of freedom is ignoring cases like this. It's a price worth paying.
- throwaway0x7E6 4y agono, it must be banned immediately, think of the children... wait, not children, shuffles papers, ah right, I got it, yes, think of the climate change!
- Veen 4y agoWhen I see comments like this, I wish I could set a timer to see how long it is before the commenter loses their shirt on crypto investments too.
- quickthrower2 4y agoI thought you were going to say loses their HN posting privileges!
- ImPostingOnHN 4y agoI thought they were going to say "credibility"! ding
- throwaway0x7E6 4y ago
- LatteLazy 4y agoFor the record, the case in question has nothing to do with crypto...
- nicbou 4y agoWhy?
- LatteLazy 4y agoBecause the only way anyone can be allowed to do what they want with their money is accepting that you cannot guarantee zero people will get scammed. If you let people buy shares, some will get scammed. Ditto bonds or gold or real estate etc. So either you give people zero choice or you accept cases like this will happen. That doesn't mean you don't try to minimise it or don't prosecute people or whatever.
- nicbou 4y agoBut what if the loss of security is disproportionate to the freedoms gained?
- simmerup 4y agoAny other investment situation has layers of regulation and oversight so that people don’t lose their life savings to scammers. Crypto should be the same. Though I’m interested, what is the value we gain in return for not prosecuting scammers?
- LatteLazy 4y agoNo it doesn't. If you read the article you will see that this is nothing to do with Crypto. Crypto was just an excuse to trick him and he fell for it. The same scam gets run all the time with Gold and Diamonds and Stamps and "Collectable Coins"... And I didn't say you shouldn't prosecute the scammers. I just said idiots losing money to scams isn't a reason to police what people are allowed to do with their own money.