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Whoa there! I'm a supporter of bitcoin and I got some funds in it... but I __definitely don't want__ etrade.com to be free of regulations the way bitcoin excha
by smtddr 13y ago
Whoa there!
I'm a supporter of bitcoin and I got some funds in it... but I __definitely don't want__ etrade.com to be free of regulations the way bitcoin exchanges currently are!!!! I'm prepared to lose my bitcoin funds at any moment. Losing my funds in etrade would wreck me. I understand stocks can be risky, but most of my funds are in very low risk stock like SPY and AGG. Barring an economic disaster(2008 mortgages), I don't want those funds at risk for random theft or scams.
The only thing I think I want from bitcoin exchanges is to be FDIC insured. But I'm sure to get that requires all kinds of regulations to be followed undermining whatever bitcoin is trying to accomplish.