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People look at all the market failures and declare the system is broken. Crypto is here to show us all the market failures that didn't happen.
by tootie 4y ago
People look at all the market failures and declare the system is broken. Crypto is here to show us all the market failures that didn't happen.
- MichaelCollins 4y agoThat's the way I see it. Anarcho-libertrian cryptobros who think government regulation is a net negative are like people who don't wear seat belts because they know somebody who died in a crash despite wearing one. It is true that sometimes these safety measures don't prevent the bad thing from happening, but if you focus on those cases then you miss all the times it did work.
- oblio 4y agoBasic statistics, really. Nothing is yes/no. Everything is maybe/maybe not. We're just moving the needle towards maybe or towards maybe not. A seat belt moves the needle a lot in the "maybe not" section for the "dying in a car crash" category. Government regulation is mixed but guess what, the empirical evidence shows it works. How do we know that? What do we call countries with crap, weak and abused regulation? Failed states.