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You're trying to chase down the horses after they've left the barn. There is no way the govt is going to be able to catch them all or even most. They don't remo
by BoiledCabbage 4y ago
You're trying to chase down the horses after they've left the barn. There is no way the govt is going to be able to catch them all or even most. They don't remotely have the resources. The reward for fraud is some enormous sum.
It is 1000x better to drastically minimize the occurrences of, or prevent fraud, than try to catch everyone afterwards.
- ETH_start 4y agoI think the government can catch nearly all token sale fraudsters. They leave mountains of evidence. It just requires putting in the resources to conduct the investigations and following through with laying charges and prosecuting the cases. The government spends trillions of dollars each year. Any serious effort to track down and punish fraudsters can be fully funded. And the costs of enforcement will rapidly decline as the government establishes credibility that it will consistently punish fraud. IMHO, our society should show zero tolerance for predatory behavior.
- p1necone 4y agoYou have a point there. Most crypto scams are blatantly obvious Ponzi schemes or pump and dumps being openly discussed in some discord channel. This stuff should be pretty trivial for investigators, but maybe the sheer volume is just too much.