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I agree regulations is good and I am for it. However, all of your comments are just pointing a finger at cryptocurrency as the cause of the issues here when it'
by dmak 4y ago
I agree regulations is good and I am for it. However, all of your comments are just pointing a finger at cryptocurrency as the cause of the issues here when it's not. Your arguments might be valid in other discussions, but your premise is misinformed.
The FTX fallout wasn't not a result of the asset class in question. It was much more than that. Even IF crypto had regulations, it wouldn't have been able to prevent the blatant fraud and criminal activities that happened in FTX. I would really suggest you to read more about it first.
You can learn about it in this video here which covers the key points: https://www.youtube.com/watch?v=l3HfrRjWilQ https://www.youtube.com/watch?v=l3HfrRjWilQ
Here is another commenter who also talks about it: https://news.ycombinator.com/item?id=33879829 https://news.ycombinator.com/item?id=33879829