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What value does this comment add to the discussion?

JumpCrisscross 4y ago
> What value does this comment add to the discussion? Some of us advocate for a crypto tax to cover the cost of investigating, prosecuting and remunerating victims. This is currently borne by the public purse. Given the disproportionate contribution of crypto to fraud, and animated by the community’s general disdain for the law, this seems fair.
- deleted 4y ago
  [deleted]
warkdarrior 4y ago
The standard expectation in the cryptocurrency space is that all problems are adjudicated via blockchain mechanisms (on chain, off chain, etc.) in a decentralized way. The fact that the government (a centralized, non-blockchain entity) has to step in to address a problem indicates a failure of the cryptocurrency ideal.
- ErikVandeWater 4y ago
  Is he saying that, or is he simply expressing a disdain for what he sees as anti-regulation crypto investors? He's overgeneralizing to suggest all crypto investors hate regulation, which no one believes is true. It's not even clear the majority oppose regulation in the crypto space.
  - ourmandave 4y ago
    Investors don't oppose regulation, they usually assume it. The criminals running all the crypto ponzi schemes hate regulation. But sell it to "investors" as though it's actually regulated and low risk. Like the clowns running Voyager https://www.americanbanker.com/news/fed-fdic-order-voyager-to-take-down-false-and-misleading-claims-of-deposit-insurance https://www.americanbanker.com/news/fed-fdic-order-voyager-t...
- samatman 4y ago
  Since you said it was a standard expectation, you can point to polls that show this sentiment, right? Leaders of major projects saying that blockchain means stealing is ok and the government shouldn't prosecute it? Or is it a thing you made up to win an argument. It is, isn't it. You made this up.
  - immibis 4y ago
    Have you... ever used a blockchain?
- landemva 4y ago
  The crypto ideal does not use custodial exchanges. Exchanges and brokerages have traditionally been regulated. They are convenient and not really the crypto ethos.

> What value does this comment add to the discussion? Some of us advocate for a crypto tax to cover the cost of investigating, prosecuting and remunerating victims. This is currently borne by the public purse. Given the disproportionate contribution of crypto to fraud, and animated by the community’s general disdain for the law, this seems fair.

deleted 4y ago
[deleted]

warkdarrior 4y ago

The standard expectation in the cryptocurrency space is that all problems are adjudicated via blockchain mechanisms (on chain, off chain, etc.) in a decentralized way. The fact that the government (a centralized, non-blockchain entity) has to step in to address a problem indicates a failure of the cryptocurrency ideal.

ErikVandeWater 4y ago
Is he saying that, or is he simply expressing a disdain for what he sees as anti-regulation crypto investors? He's overgeneralizing to suggest all crypto investors hate regulation, which no one believes is true. It's not even clear the majority oppose regulation in the crypto space.
- ourmandave 4y ago
  Investors don't oppose regulation, they usually assume it. The criminals running all the crypto ponzi schemes hate regulation. But sell it to "investors" as though it's actually regulated and low risk. Like the clowns running Voyager https://www.americanbanker.com/news/fed-fdic-order-voyager-to-take-down-false-and-misleading-claims-of-deposit-insurance https://www.americanbanker.com/news/fed-fdic-order-voyager-t...
samatman 4y ago
Since you said it was a standard expectation, you can point to polls that show this sentiment, right? Leaders of major projects saying that blockchain means stealing is ok and the government shouldn't prosecute it? Or is it a thing you made up to win an argument. It is, isn't it. You made this up.
- immibis 4y ago
  Have you... ever used a blockchain?
landemva 4y ago
The crypto ideal does not use custodial exchanges. Exchanges and brokerages have traditionally been regulated. They are convenient and not really the crypto ethos.