3 ms·
we learn new lessons. I'm not sure the term for 'doing things known to be reckless, unethical, illegal or all three with other people's money' is 'learning'.
by pvg 4y ago
we learn new lessons.
I'm not sure the term for 'doing things known to be reckless, unethical, illegal or all three with other people's money' is 'learning'.
- neilv 4y agoIt's hard to tell whether a crypto advocate believes what they're saying. Obviously, crypto is pretty much wall-to-wall criminality, but sometimes someone looking to ride the coattails of that might actually be sincere in speaking of it like it's a legitimate institution, because they want it to be. IMHO, HN should stop humoring it, and consider outright banning advocating a criminal enterprise.
- DJBunnies 4y agoAs a Bitcoin contributor this take disappoints me. This was a failure of humans, not the technology.
- giaour 4y agoI can't tell if your comment was made in earnest or meant to troll, but yes, the #1 problem with crypto is that it assumes it can solve a human problem with technology alone.
- DJBunnies 4y agoIt was in earnest. I’m just jazzed about the tech, but I’m not sure how it can assume anything. Regulate the on-ramps however you want, but banning it altogether? What?
- giaour 4y agoBanning crypto would probably be self-defeating, but applying existing regulations to crypto would take care of most issues. If we could collectively stop pretending that a financial instrument is unprecedented just because it's done on a computer, we could leverage existing laws. It's not like we have to ban a new kind of murder every time someone synthesizes a new poison.
- neilv 4y agoThe technology was interesting. But humans have been ruining that space for at least a decade.
- vba616 4y agoOnce people are literally throwing billions of dollars at you, I have trouble imagining a person who is immune to having it warp their perception of what is normal and socially acceptable.