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I'm personally in the former (unregulated) category. The furthest regulation should go is KYC, and even that may be a bit too much (although I realize why .gov
by jdhn 4y ago
I'm personally in the former (unregulated) category. The furthest regulation should go is KYC, and even that may be a bit too much (although I realize why .gov would force that). Does it suck that people lost a lot of money? Yes. Do I think the government should investigate this? No, because the flip side of having the government investigate this is government regulations, and I'd like to keep the crypto space as regulation free as possible even if it results in episodes like this.
- streb-lo 4y agoSo you think SBF should just walk away? And the same for the next exchange that blows up everyone's money? Say goodbye to crypto as you know it then. Crypto without on/off ramps to USD is just a cool hobbyist project for libertarians, the price floor is probably zero.
- jdhn 4y ago>So you think SBF should just walk away? And the same for the next exchange that blows up everyone's money? Yes. That's the flip side of the "no government interference" coin.
- moralestapia 4y agoFraud is still fraud, though, doesn't matter if you used funny money to carry it out. SBF is an American, FTX US was an American company and for sure at some point he touched US dollars from American entities, uh oh, the guy's going to jail.
- JamesianP 4y agoAccording to their website they take fiat currency. So yeah. Also there's the VC funding, which presumably was mainly USD. Though not many people probably care about their losses.