3 ms·

We both know the whole point of the crypto use case is to become an alternative or a replacement to fiat, to which it isn't and cannot be. Speculation is not a

We both know the whole point of the crypto use case is to become an alternative or a replacement to fiat, to which it isn't and cannot be. Speculation is not a legitimate use case for something that aims to become a currency. If I am trying to buy a loaf of bread with a crypto token and the price plummets and fluctuates wildly for no reason that is backed by nothing, it is not useful at all. You can try and justify crypto all you want, However and objectively speaking, there are far too many pyramid schemes, far too many ponzi schemes, scams, rugpulls and ransomware crypto payments, unregistered ICOs that crypto is harbouring to even take seriously after 15 years of its existence. I'm glad the crackdown is happening.

ZGDUwpqEWpUZ 4y ago
Are you older than 15?
- colesantiago 4y ago
  Are you struggling to make a point here? You could just say a relevant point rather than failing to make a point like crypto.
  - ZGDUwpqEWpUZ 4y ago
    It was a genuine question, and from your response I'm guessing the answer is "no". If you're wondering what provoked the question, it was the crying about "unregistered" ICOs - at that point it was clear that you're either a child or an adult with a child-like need for external authority to make you feel safe. Pro-tip going forward in life: try not to throw out the baby with the bathwater.
    - colesantiago 4y ago
      It's an irrelevant question and doesn't change my point at all. In fact crypto bros like yourself are the ones asking for regulatory clarity, to which it is you that is in need of an external authority to save you from yourselves. Because crypto and it's industry clearly cannot save itself, that's why it needs regulation. With or without regulation crypto will collapse anyway.
      - ZGDUwpqEWpUZ 4y ago
        I didn't choose 15 at random. It's unclear why you think putting words in my mouth is going to achieve anything. ICOs don't need any special regulations, existing contract law is fine. Finally, I'm not sure why you've written "regulatory clarity" there. Of course we'd like the authorities to act in a predicable way, but that's an orthagonal issue to how restrictive those regulations should be. It feels like you're just throwing out phrases you don't quite understand.
        colesantiago 4y ago
        > I didn't choose 15 at random. So? Whether or not you chose 15 at random, it still does not change my point. I still don't see the point you're trying to make here, crypto is completely unregulated and doesn't provide any benefit to society at all. At best it needs to be pushed off shore, banned completely or both. It is great to see this crypto exchange ceasing operations and getting the message that they are not welcome in the US, hopefully other countries will do the same and show crypto the door.

ZGDUwpqEWpUZ 4y ago

Are you older than 15?

colesantiago 4y ago
Are you struggling to make a point here? You could just say a relevant point rather than failing to make a point like crypto.
- ZGDUwpqEWpUZ 4y ago
  It was a genuine question, and from your response I'm guessing the answer is "no". If you're wondering what provoked the question, it was the crying about "unregistered" ICOs - at that point it was clear that you're either a child or an adult with a child-like need for external authority to make you feel safe. Pro-tip going forward in life: try not to throw out the baby with the bathwater.
  - colesantiago 4y ago
    It's an irrelevant question and doesn't change my point at all. In fact crypto bros like yourself are the ones asking for regulatory clarity, to which it is you that is in need of an external authority to save you from yourselves. Because crypto and it's industry clearly cannot save itself, that's why it needs regulation. With or without regulation crypto will collapse anyway.
    - ZGDUwpqEWpUZ 4y ago
      I didn't choose 15 at random. It's unclear why you think putting words in my mouth is going to achieve anything. ICOs don't need any special regulations, existing contract law is fine. Finally, I'm not sure why you've written "regulatory clarity" there. Of course we'd like the authorities to act in a predicable way, but that's an orthagonal issue to how restrictive those regulations should be. It feels like you're just throwing out phrases you don't quite understand.
      - colesantiago 4y ago
        > I didn't choose 15 at random. So? Whether or not you chose 15 at random, it still does not change my point. I still don't see the point you're trying to make here, crypto is completely unregulated and doesn't provide any benefit to society at all. At best it needs to be pushed off shore, banned completely or both. It is great to see this crypto exchange ceasing operations and getting the message that they are not welcome in the US, hopefully other countries will do the same and show crypto the door.