3 ms·
> Yeah I wonder if part of his strategy was just to dilute the crime so much by having it's tentacles dig into and wrap around every small corner of the legit f
by waterhouse 4y ago
> Yeah I wonder if part of his strategy was just to dilute the crime so much by having it's tentacles dig into and wrap around every small corner of the legit financial/political system.
Deliberately becoming "too big to fail", eh?
(Which was more accurately termed "too big to be permitted to fail". Which then raises the question of who is doing the permitting, and why we would trust their judgment; but that would give the game away.)
- lordfrito 4y ago> who is doing the permitting The "who" is just greedy connected people, who are everywhere. Including government and finance. Thankfully we have laws and regulations, which at least serve as some checks and balances to prevent these people from causing too much damage. The genius of checks and balances government as that it doesn't rely on ensuring "bad" people never get into positions of power. You will never be able to stamp out 100% of bad actors. Instead it sets things up such that the damage bad actors can do is minimized and/or identified quickly. Less collateral damage, and a chance for justice afterwards. "No regulations" in crypto should be a warning flag to people. Meanwhile, I'm really really interested if any crimes were committed on the "regulated" side of things. Those people need to be put in jail. Will be fun to watch this unravel.