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Crypto is pretty much just people tearing down Chesterton's Fence and then going "surprised Pikachu" when most of the protections they bypassed turned out to be
by gary_0 4y ago
Crypto is pretty much just people tearing down Chesterton's Fence and then going "surprised Pikachu" when most of the protections they bypassed turned out to be necessary.
It can also be hard not to blame the victim after they responded to skepticism with shrill political diatribes, although that's not a new trick when it comes to fraud schemes. The guys trying to sell bogus patents for tapwater-powered cars in decades past used similar rhetoric in order to make pawns out of the gullible. "It's not a scam! That's just what they want you to think!"
- AdamN 4y agoThe protections they bypassed aren't "necessary" but they are certainly there to protect the investors so I have little sympathy for the libertarian crypto people (or libertarians in general) when they have nothing to fall back on after bypassing all the regulations that were there to mitigate these issues.
- miracle2k 4y agoI don't believe libertarians have a problem with punishing transgressions against sensible anti-fraud laws post-fact, which seems to be what the article is calling for.
- MrMan 4y ago[flagged]
- KSteffensen 4y agoLibertarians are typically against regulation. Where the boundary between regulatory red tape and anti-fraud legislation lies is a matter of taste.
- deleted 4y ago[deleted]