3 ms·
Nope: no amount of regulation fixes stupid. Personal responsibility to understand how things work? Unwelcome to most folks, but the only thing that works. If
by pjkundert 4y ago
Nope: no amount of regulation fixes stupid.
Personal responsibility to understand how things work? Unwelcome to most folks, but the only thing that works.
If your institution is keeping their internal operations hidden (no provable compliance), then “regulation” is at best a delay of the inevitable corruption.
- p0pcult 4y agoVast majority of the complaints about crypto fall into two categories: -lawless: e.g., ponzi scheme, rug pulls, etc. -useless: "this is just a database" For crypto to be useful, both of these challenges need to be addressed; well-designed regulation certainly will help the former, and also its perception.
- rglover 4y agoThey're already addressed by Bitcoin (which has zero centralized team, marketing, or promotion of future "gains"). "Crypto" (anything that isn't Bitcoin) is by design a way to run a legitimate ponzi scheme, primarily for VCs who realized it was easy money [1]. [1] https://twitter.com/SilvermanJacob/status/1595059806200643589 https://twitter.com/SilvermanJacob/status/159505980620064358...