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I don't trust crypto people, but I also don't trust the New York Post. Hard to draw anything from this story.

by burkaman 3y ago

ct0 3y ago
If anything, crypto has shown us just how important regulation actually is.
- swarnie 3y ago
  Crypto speed running every financial crisis of the previous century in about three years should be studied at some point. We already have laws regulating a lot of this stuff... All my Apes gone.
  - yieldcrv 3y ago
    your Apes are with someone you don't need a regulation to look around when you’re at an ATM, cover your PIN number, and double check that you’re logged out, and check your wallet’s presence over and over again, none of the many regulations helped here and there are many similarities: people learned the best practices with new technology and followed them
    - taberiand 3y ago
      Except, y'know, for the regulations that ensure the bank itself isn't pulling the rug out from under you
      - yieldcrv 3y ago
        that's not what happened with their Apes
- red-iron-pine 3y ago
  "regs are written in blood" happens every time there is a disaster or implosion. yet again, now we see why the financial markets need scrutiny.
yieldcrv 3y ago
maybe one day you'll realize thats also why you "don't trust crypto people" in the late 90s most broad media references to "computers" were about the viruses and things that went wrong, those newly introduced problems didn't go away and only have increased in frequency and amplitude, we just choose not to make international headlines about them anymore and talk more about what's being developed and working as intended
- hahamaster 3y ago
  Totally untrue. Viruses and 'things that went wrong' were tiny bits of mainstream coverage of anything computer related.
  - yieldcrv 3y ago
    in my area and circles of luddites, most of the skepticism of computers was based on the limited headlines they saw on mainstream news this dictated whether they wanted to spend any energy learning that a different reality was also happening and possible, this dictated whether they wanted to invest their resources into personal computers or upgrades you can argue the empirical quantity of my experience, it is also the same behavior described about people averse to crypto: the negative sentiment and actions they are bombarded with doesnt compel them to be interested in seeking a different reality
  - red-iron-pine 3y ago
    and how much of that was due to Windows having garbage security protections? something something rainbow tables something
- deleted 3y ago
  [deleted]

I don't trust crypto people, but I also don't trust the New York Post. Hard to draw anything from this story.

ct0 3y ago

If anything, crypto has shown us just how important regulation actually is.

swarnie 3y ago
Crypto speed running every financial crisis of the previous century in about three years should be studied at some point. We already have laws regulating a lot of this stuff... All my Apes gone.
- yieldcrv 3y ago
  your Apes are with someone you don't need a regulation to look around when you’re at an ATM, cover your PIN number, and double check that you’re logged out, and check your wallet’s presence over and over again, none of the many regulations helped here and there are many similarities: people learned the best practices with new technology and followed them
  - taberiand 3y ago
    Except, y'know, for the regulations that ensure the bank itself isn't pulling the rug out from under you
    - yieldcrv 3y ago
      that's not what happened with their Apes
red-iron-pine 3y ago
"regs are written in blood" happens every time there is a disaster or implosion. yet again, now we see why the financial markets need scrutiny.

yieldcrv 3y ago

maybe one day you'll realize thats also why you "don't trust crypto people" in the late 90s most broad media references to "computers" were about the viruses and things that went wrong, those newly introduced problems didn't go away and only have increased in frequency and amplitude, we just choose not to make international headlines about them anymore and talk more about what's being developed and working as intended

hahamaster 3y ago
Totally untrue. Viruses and 'things that went wrong' were tiny bits of mainstream coverage of anything computer related.
- yieldcrv 3y ago
  in my area and circles of luddites, most of the skepticism of computers was based on the limited headlines they saw on mainstream news this dictated whether they wanted to spend any energy learning that a different reality was also happening and possible, this dictated whether they wanted to invest their resources into personal computers or upgrades you can argue the empirical quantity of my experience, it is also the same behavior described about people averse to crypto: the negative sentiment and actions they are bombarded with doesnt compel them to be interested in seeking a different reality
- red-iron-pine 3y ago
  and how much of that was due to Windows having garbage security protections? something something rainbow tables something
deleted 3y ago
[deleted]