2 ms·

Give it a few years, the scammers will move on to greener pastures and the nerds will keep tinkering. I remember people acting the same way about ecommerce in t

by jjk166 4y ago

Give it a few years, the scammers will move on to greener pastures and the nerds will keep tinkering. I remember people acting the same way about ecommerce in the early 00s.

outside1234 4y ago
What we have learned from other financial markets is that scammers will only move on when there is regulation.
- jjk166 4y ago
  Which markets did you learn that from?
- koolba 4y ago
  Not just regulation, you need actual enforcement with a high enough likelihood of consequence. Just look at telephone wire scams. They’re clearly illegal, but if there’s no teeth to prosecute then they’ll keep on coming.