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You seem to be suggesting "systems requiring regulation don't work without regulation" which is true. What you are maybe missing is that cryptocurrencies today,
by uoaei 4y ago
You seem to be suggesting "systems requiring regulation don't work without regulation" which is true. What you are maybe missing is that cryptocurrencies today, regardless of how much people want it not to require regulation, still do require it to function effectively instead of the pain and suffering we see now. The sooner the zealots admit this to themselves, the sooner we can have productive conversations about moving forward.
Moving forward could also mean "designing better decentralized systems that don't require regulation" but that would mean that they would have to acknowledge that the thing they've been throwing their money and voice behind is a faulty prototype not destined for mass scale.
- cowtools 4y agoI believe cryptocurrencies are self regulating. If you want to convince me otherwise, you have to do better than just stating the opposite is true. I'll admit that some (many even!) cryptocurrencies make claims about decentralization and security that are not based in evidence. That is fine. I don't believe that cryptocurrency itself is sufficient for freedom/decentralization/security, but that it is necessary. Not all cryptocurrencies will meet my critera, and it's even possible that none do.
- uoaei 4y ago> I believe cryptocurrencies are self regulating. Without specifying the implementation, this statement is less than useless. Really, I use the word "zealot" literally, this claim of yours seems to be entirely faith-based. Occam's razor states that a reasonable default assumption is that they are not self-regulating, and they should be proven so before being described so. It's not enough to want to be self-regulating, it should actually perform that function. How does it do that, today? We speak here of general trends so one-off examples do not suffice...
- arcticbull 4y agoI mean they're clearly not, just look around you. You are the one making a claim, and therefore the burden of proof is on you - not us.