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Crypto does a pretty great job of keeping your hands off of other people’s money, is that a problem?

by alphanullmeric 4y ago

colesantiago 4y ago
But it does an even better job of losing your money, a problem for millions of people.
- alphanullmeric 4y ago
  Which is completely irrelevant because you’re free to use whatever currency you want, crypto or not. This discussion is about whether or not you have the right to make it illegal for me to do the same.
  - colesantiago 4y ago
    > Which is completely irrelevant because you’re free to use whatever currency you want, crypto or not. Free to use any regulated currency. Crypto is completely unregulated and too volatile to be used as a currency. It will be made illegal very quickly in a few years time, we already have India and China clamping down so you won't have to wait that long. Inevitably, we will see when the governments of the world band together to push crypto into the dark web and you'll never be able to cash out your crypto tokens into the real world through exchanges. Once again, another easy way to lose your money.
    - alphanullmeric 4y ago
      Oh no, how will you ever survive without regulating other people’s money. Hardest part about business is minding your own, however difficult it may be for people like you to keep your hands out of other people’s wallets.
      - colesantiago 4y ago
        > Hardest part about business is minding your own, however difficult it may be for people like you to keep your hands out of other people’s wallets. Except if you are in the crypto exchange business and you need to unload your fake tokens for real cash, just like how FTX and other failed exchanges took everyone's money from their wallets when they failed. When will you stop running from exchange to exchange to try cash out your tokens because of a bank run?
        alphanullmeric 4y ago
        If it’s investor protections it should be opt in. If it’s not opt in, stop pretending it’s investor protections. Your economic policies depend on seizing other people’s money and I’m sure that has nothing to do with this at all. Should it also be illegal to trade my fake tokens for other fake tokens other via decentralized exchanges?
        colesantiago 4y ago
        > stop pretending it’s investor protections. There is no investor protections in crypto at all, especially if is all retail getting scammed all the time. > Should it also be illegal to trade my fake tokens for other fake tokens other via decentralized exchanges? Once it is deemed an unregistered security then yes, it should be illegal and it will be illegal. There is no way around it once crypto gets pushed down into the dark web where you can only cash out with illegal drugs instead of fiat. This is where crypto is heading.
        alphanullmeric 4y ago
        I’m glad we agree that the policies you are defending are state sponsored looting and not supposed investor protections. The code for all decentralized exchanges is open source. You aren’t being scammed by anyone, you volunteered to participate in the market. You aren’t a victim for losing a trade you chose to participate in.

Crypto does a pretty great job of keeping your hands off of other people’s money, is that a problem?

colesantiago 4y ago

But it does an even better job of losing your money, a problem for millions of people.

alphanullmeric 4y ago
Which is completely irrelevant because you’re free to use whatever currency you want, crypto or not. This discussion is about whether or not you have the right to make it illegal for me to do the same.
- colesantiago 4y ago
  > Which is completely irrelevant because you’re free to use whatever currency you want, crypto or not. Free to use any regulated currency. Crypto is completely unregulated and too volatile to be used as a currency. It will be made illegal very quickly in a few years time, we already have India and China clamping down so you won't have to wait that long. Inevitably, we will see when the governments of the world band together to push crypto into the dark web and you'll never be able to cash out your crypto tokens into the real world through exchanges. Once again, another easy way to lose your money.
  - alphanullmeric 4y ago
    Oh no, how will you ever survive without regulating other people’s money. Hardest part about business is minding your own, however difficult it may be for people like you to keep your hands out of other people’s wallets.
    - colesantiago 4y ago
      > Hardest part about business is minding your own, however difficult it may be for people like you to keep your hands out of other people’s wallets. Except if you are in the crypto exchange business and you need to unload your fake tokens for real cash, just like how FTX and other failed exchanges took everyone's money from their wallets when they failed. When will you stop running from exchange to exchange to try cash out your tokens because of a bank run?
      - alphanullmeric 4y ago
        If it’s investor protections it should be opt in. If it’s not opt in, stop pretending it’s investor protections. Your economic policies depend on seizing other people’s money and I’m sure that has nothing to do with this at all. Should it also be illegal to trade my fake tokens for other fake tokens other via decentralized exchanges?
        colesantiago 4y ago
        > stop pretending it’s investor protections. There is no investor protections in crypto at all, especially if is all retail getting scammed all the time. > Should it also be illegal to trade my fake tokens for other fake tokens other via decentralized exchanges? Once it is deemed an unregistered security then yes, it should be illegal and it will be illegal. There is no way around it once crypto gets pushed down into the dark web where you can only cash out with illegal drugs instead of fiat. This is where crypto is heading.
        alphanullmeric 4y ago
        I’m glad we agree that the policies you are defending are state sponsored looting and not supposed investor protections. The code for all decentralized exchanges is open source. You aren’t being scammed by anyone, you volunteered to participate in the market. You aren’t a victim for losing a trade you chose to participate in.