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Quite the spectacle to watch the crypto space go from pure libertarian idealism to basically speed-running the reimplementation of every banking regulation deve
by transcriptase 4y ago
Quite the spectacle to watch the crypto space go from pure libertarian idealism to basically speed-running the reimplementation of every banking regulation developed in the last 200 years… after people exploit their absence to defraud everyone they can as quickly as possible.
It’s almost as if modern finance is regulated for a reason.
- matheusmoreira 4y ago> Quite the spectacle to watch the crypto space go The crypto exchange space. Exchanges are really just unregulated banks in disguise: all the drawbacks and none of the benefits. They're the very same centralized banking intitutions cryptocurrencies were supposed to put an end to.