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Agreed to everything you are saying. I think the issue I have with most comments here is that they are misinformed of the issues and are just pointing a finger
by dmak 4y ago
Agreed to everything you are saying. I think the issue I have with most comments here is that they are misinformed of the issues and are just pointing a finger at the asset class even though it wasn't the cause.
- lordfrito 4y agoBy asset class I assume you mean crypto in general? The issue I have with this space is that lack of central/governmental control is the original selling point. Lack of regulation is a defining feature, not a bug. This is a huge red flag for me. If I was a con-artist, I'd be drawn to this space like a moth to a flame. I don't trust any of the players in this space, anyone legit would be making real $$$ in TradFi. It's the modern day junk bond. This picture summarizes the situation perfectly. Caveat emptor indeed. [1] [1] https://i.redd.it/qul2xd7anl2a1.jpg https://i.redd.it/qul2xd7anl2a1.jpg