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> Will bad people abuse it and do things you don't like? Yeah. That's the risk that comes with it and we have a legal system to identify and deal with those bad
by LapsangGuzzler 3y ago
> Will bad people abuse it and do things you don't like? Yeah. That's the risk that comes with it and we have a legal system to identify and deal with those bad actors.
The problem is that things like cryptocurrency are largely designed to circumvent the financial and legal system entirely, which becomes a threat to regulated markets once fraudulent actors become large enough to inevitably become a burden to the legal system (see FTX). The government is spending a lot of money cleaning up the FTX mess and they have an interest in ensuring that it doesn’t happen again.