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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 peopl

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.
      - colesantiago 4y ago
        > I’m glad we agree that the policies you are defending are state sponsored looting.. Seems to me that FTX's spectacular collapse was a bigger case of looting than what your getting confused with, caused by their own mess rather than the state. > ...and not supposed investor protections I fail to see where was investor protections were when FTX and other exchanges collapsed. > The code for all decentralized exchanges is open source. Irrelevant. > 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. When family members, cousins, in-laws and friends are getting themselves involved with crypto and asking everyone around to bail them out or join, it is a major problem for everyone who knows them.
        alphanullmeric 4y ago
        You can go after FTX, what do I have to do with that? Looting my wallet in the name of FTX smells strongly of the redistribution of consequences. Authoritarians like yourself sure do love to punish innocent people for the actions of the guilty. I’m not in favour of bailouts to anybody, nor taxes that fund those bailouts. Take nobody’s money from them and give nobody’s money to me. Like I said, the code is all open source, you can verify any suspicions you have yourself. There is no scam, you’re just grasping for reasons to regulate other people’s money.
        colesantiago 4y ago
        > You can go after FTX, what do I have to do with that? Liquidity for cashing out will begin to dry up and more on other exchanges such as Binance will do the same thing. Decentralised Exchanges (with absolutely no investor protections, unregulated and are highly prone to rug pulls) will be ordered to shut down, also forcing a drain on liquidity. Once crypto crashes the market will 'loot' your wallet by deeming your crypto worthless and you will forever try to cash out your worthless coins. > There is no scam, you’re just grasping for reasons to regulate other people’s money. It is a scam, just ask the people who lost money with FTX. Or the many people who have been rug pulled here: https://web3isgoinggreat.com/ https://web3isgoinggreat.com/

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.
    - colesantiago 4y ago
      > I’m glad we agree that the policies you are defending are state sponsored looting.. Seems to me that FTX's spectacular collapse was a bigger case of looting than what your getting confused with, caused by their own mess rather than the state. > ...and not supposed investor protections I fail to see where was investor protections were when FTX and other exchanges collapsed. > The code for all decentralized exchanges is open source. Irrelevant. > 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. When family members, cousins, in-laws and friends are getting themselves involved with crypto and asking everyone around to bail them out or join, it is a major problem for everyone who knows them.
      - alphanullmeric 4y ago
        You can go after FTX, what do I have to do with that? Looting my wallet in the name of FTX smells strongly of the redistribution of consequences. Authoritarians like yourself sure do love to punish innocent people for the actions of the guilty. I’m not in favour of bailouts to anybody, nor taxes that fund those bailouts. Take nobody’s money from them and give nobody’s money to me. Like I said, the code is all open source, you can verify any suspicions you have yourself. There is no scam, you’re just grasping for reasons to regulate other people’s money.
        colesantiago 4y ago
        > You can go after FTX, what do I have to do with that? Liquidity for cashing out will begin to dry up and more on other exchanges such as Binance will do the same thing. Decentralised Exchanges (with absolutely no investor protections, unregulated and are highly prone to rug pulls) will be ordered to shut down, also forcing a drain on liquidity. Once crypto crashes the market will 'loot' your wallet by deeming your crypto worthless and you will forever try to cash out your worthless coins. > There is no scam, you’re just grasping for reasons to regulate other people’s money. It is a scam, just ask the people who lost money with FTX. Or the many people who have been rug pulled here: https://web3isgoinggreat.com/ https://web3isgoinggreat.com/