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I'm excited to see the costly boondoggle that will come from this, because we all know how well the SEC is at regulating centrally controlled currencies.
by cinquemb 13y ago
I'm excited to see the costly boondoggle that will come from this, because we all know how well the SEC is at regulating centrally controlled currencies.
- vkou 13y agoConsidering that the world economy did not completely implode in 2008, I think we could do far worse.
- cinquemb 13y agoI wasn't really referring to the world economy. Whether it is from dealing legally in bitcoins or undergoing HFT transactions where exchanges can selectively declare self-help, or new financial tools/instruments, the people with the ability to leverage technology in ways where there will be little to no technical capabilities to enforce regulation (due to it's newness) will have more incentive to work outside of governments. By the time government has caught up to the problem, people would have innovated and pushing the bar higher. But on the global economy, a lot of emerging economies have been hit hard, and the schizo of the market on taper/no-taper utterings tells me this book is still open.