3 ms·

Right, and I think we've seen with all the crypto fraud that the red tape is there for a reason

• loveparade 4y ago
  There was little crypto fraud this year, other than the usual hacks. All the big stories were good old regular fraud by centralized companies that you also see in the fintech space. None of this was enabled by crypto. The problem is that most people don't understand the difference. It was just fraud, not crypto fraud. It's like saying that Theranos is "blood test fraud" and thus we should ban all blood testing. The fact that some founder scammed customers and investors has nothing to do with the market.
  • mountainriver 4y ago
    A lot of the fraud that happened in crypto this last year would have been prevented by regulators in the standard markets. Sometimes regulations are bad and unnecessary, but a lot of time they are there for a reason. The crypto crowd seems to have take the opinion that all regulation is bad
  • red-iron-pine 4y ago
    [flagged]