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> Could wind up with major governmental oversight moving forward, basically making damn sure it's barely ever adopted. I'm basically of two minds about this.
by bb88 4y ago
> Could wind up with major governmental oversight moving forward, basically making damn sure it's barely ever adopted.
I'm basically of two minds about this.
One is that as long as people understand they're buying nothing of real value, it's fine if they want to "gamble". It's like a lottery ticket in this regard.
The other is if or perhaps when taxpayers will need to bail out crypto companies. At this point, I'll be extremely angry, and want the strictest government regulation possible.
- rurp 4y agoI think it's best to let people make their own decisions wherever possible. Of course with pensions the people with exposure aren't the same ones making investing choices. I would be fine with regulation that just bans those sorts of vehicles from investing in crypto. That way individuals can speculate with their money, while being guarded against more systemic and indirect risks.
- bb88 4y ago> I think it's best to let people make their own decisions wherever possible. Of course with pensions the people with exposure aren't the same ones making investing choices. If pensions were involved the people who decided that pensions should be invested in crypto should be prosecuted. > I would be fine with regulation that just bans those sorts of vehicles from investing in crypto. I would be fine with regulation that banned people from investing in something that has no value.
- int_19h 4y agoValue is subjective, so who decides?