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The problem is that today's supposedly heavily regulated markets just aren't. Markets are regulated for the little guy, but not for the Goldman Sachs of this wo
by sergiosgc 13y ago
The problem is that today's supposedly heavily regulated markets just aren't. Markets are regulated for the little guy, but not for the Goldman Sachs of this world.
The '08 financial crisis as clearly shown that most regulatory hurdles established in the late XX century have been lifted, and that for big sharks financial markets are an all you can eat buffet. Worse, we learned nothing. Everything is as it was. It is a matter of time before the same events unfold in an even sadder rerun.
- SideburnsOfDoom 13y ago> The problem is that today's supposedly heavily regulated markets just aren't Yes, and Mr Stross is pointing out that Bitcoin may be different, but that doesn't make it better. In fact he lays out good reasons to believe that it is worse.
- tonyhb 13y agoI agree with you, and this only highlights that bitcoin needs some level of regulation before it can be used commonly. If bitcoin is going to become commonplace, it needs a lot of support, more infrastructure, and some regulation.