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The amount of blind faith in this industry is insane. Normal Finance already has dubious grey areas like dark pool trading, but the amount of blind faith put in
by limpbizkitfan 4y ago
The amount of blind faith in this industry is insane. Normal Finance already has dubious grey areas like dark pool trading, but the amount of blind faith put into crypto, especially with companies led by people like Sam, is misplaced. Nobody has yet to explain what makes crypto a viable alternative to other forms of contract. Certainly, use cases do exist, but none of them seem better than what we already have in place. Nobody has turned this technology into something profitable outside of speculating on coins themselves.
I would really want to make sure people who openly lie about the capabilities of this technology end up in prison, these exchanges only exist to launder extremely large amounts of money. The fact that they presented themselves as a regulation-free alternative to other markets should be a signal to the SEC or FTC that these companies are trying to present themselves as legitimate exchanges, when they are far from that.