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0 pointsCryptoPunk8y ago0 comments

We have a regulation against fraud already. New proposed regulations are about banning unvetted token sales, to preempt possible scams, which is limiting people's contracting rights when there is no evidence of a crime - only a possibility of a scam based on a generalisation.

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mcguire8y ago

Problem: stock booms result in massive fraud and a great deal of economic damage.

Solution: regulate the stock market.

Problem: cannot sell things we want to sell.

Solution: Derivatives.

Problem: CDOs cause massive economic damage.

Solution: don't do that.

Problem: cannot sell what we want to.

Solution: Etherium.

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CryptoPunkOP8y ago

>Problem: stock booms result in massive fraud and a great deal of economic damage.

>Solution: regulate the stock market.

If people want to trade the price of a digital token into bubble territory, that's really their business. No one else is forced to buy up that token. Which governing authority will know it's a bubble anyway? It's not like it's possible to know if something is overvalued. If it were, one could reliably short every bubble and make a profit, and in fact do so so much and at such scale that their market shorting prevents bubbles from ever forming (since a short adds pressure on the sell-side).

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