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> Yeah, we need decent regs for Crypto. It seems to be self-regulating, people put money in and can’t get it back out so stop putting money in. Until the next
by UncleEntity 4y ago
> Yeah, we need decent regs for Crypto.
It seems to be self-regulating, people put money in and can’t get it back out so stop putting money in.
Until the next hype cycle when a new group learns the lesson of “there’s no such thing as a free lunch.”
- Loughla 4y agoHow is that self-regulating?
- LBJsPNS 4y agoWhooooosh...
- Loughla 4y agoWas it a joke? Really? Because if it was, then I think I am not deep enough into the meta of this to see it.
- UncleEntity 4y agoI was watching this thing on the YouTubes about carrier pigeons, they didn’t have to kill every single one of them to cause their extinction but just enough for them to be incapable of breeding.
- piva00 4y agoSelf-regulating through human suffering caused by greed. Not the best type of regulation for society I venture.
- skeeter2020 4y agoif this is an individual than fine, but if it's a derivative wrapping up a bunch of opaque "assets", purchased by a fund that manages say retirement savings for mandatory investors like a pension, there is a huge risk. It's like if every teacher was required to finance a sub-prime mortgage.
- junofan 4y agoThey have risk management people though. If those people aren’t doing their jobs, the fund has bigger problems. There are much larger and less hypothetical issues with public pensions around risk.
- edgyquant 4y ago> There are much larger and less hypothetical issues with public pensions around risk. Such as?