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> 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. > Sh

> 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/
      - alphanullmeric 4y ago
        That’s cool, I don’t really care though. Leave my money alone, I’ll take that risk if I want to. Calling it a scam doesn’t make it a scam. Again, the source is available online, free for you to see. That is the contract you agree to when you choose to participate in crypto. You cannot consent to being scammed, that goes against the very definition of being scammed. Making it illegal for consenting individuals to do what they want is typical authoritarian trash behaviour. Perhaps you’d be happier in Cuba where you can freely control other people’s money to your liking.
        colesantiago 4y ago
        > Calling it a scam doesn’t make it a scam...You cannot consent to being scammed, that goes against the very definition of being scammed. Making it illegal for consenting individuals to do what they want is typical authoritarian trash behaviour. Who consented their crypto funds to be lost to rug pulls, ransomware, thefts, hacks, pump and dumps, commingling of funds, and their funds being used for leveraged trading? So $12+ Billon lost in crypto is not a scam? and the users agreed and consented to all of this? I'm assuming then that you know some information that suggests that the $12 Billion lost is somehow insured? > Again, the source is available online, free for you to see. This doesn't mean anything. All the people who completely lost their money in FTX, LUNA, BlockFi, etc. do not care about source code. This makes no sense at all. If I was rug pulled in a scam the last thing anyone would care about is the source code. > That’s cool, I don’t really care though. Leave my money alone, You will care once liquidity goes dry and once the crypto crackdown ramps up, then all these tokens plus Bitcoin go to zero. I shouldn't see you moving money or cashing out your crypto because another exchange has fallen down due to regulations or insolvency and the price of these tokens crash.

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/
    - alphanullmeric 4y ago
      That’s cool, I don’t really care though. Leave my money alone, I’ll take that risk if I want to. Calling it a scam doesn’t make it a scam. Again, the source is available online, free for you to see. That is the contract you agree to when you choose to participate in crypto. You cannot consent to being scammed, that goes against the very definition of being scammed. Making it illegal for consenting individuals to do what they want is typical authoritarian trash behaviour. Perhaps you’d be happier in Cuba where you can freely control other people’s money to your liking.
      - colesantiago 4y ago
        > Calling it a scam doesn’t make it a scam...You cannot consent to being scammed, that goes against the very definition of being scammed. Making it illegal for consenting individuals to do what they want is typical authoritarian trash behaviour. Who consented their crypto funds to be lost to rug pulls, ransomware, thefts, hacks, pump and dumps, commingling of funds, and their funds being used for leveraged trading? So $12+ Billon lost in crypto is not a scam? and the users agreed and consented to all of this? I'm assuming then that you know some information that suggests that the $12 Billion lost is somehow insured? > Again, the source is available online, free for you to see. This doesn't mean anything. All the people who completely lost their money in FTX, LUNA, BlockFi, etc. do not care about source code. This makes no sense at all. If I was rug pulled in a scam the last thing anyone would care about is the source code. > That’s cool, I don’t really care though. Leave my money alone, You will care once liquidity goes dry and once the crypto crackdown ramps up, then all these tokens plus Bitcoin go to zero. I shouldn't see you moving money or cashing out your crypto because another exchange has fallen down due to regulations or insolvency and the price of these tokens crash.