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0 pointskiitos8mo ago0 comments

it's in demand by malicious actors, is the point

we used to have markets that worked exactly like what you're describing, it immediately led to disastrous consequences for the broad base of society, and when we figured that problem out, we solved it with rules and regulations specifically designed to prevent abuses

you can suggest reifications of those rules and regulations to make them better, but what you can't do is suggest throwing them out altogether, that's pure regression

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stale20028mo ago

So then yes, it is in demand, there is a usecase, you just don't like the usecase.

> but what you can't do is suggest throwing them out altogether

Actually, that seems to be exactly whats happening. Bitcoin has been around for 17 years, and it and other blockchain technologies have only become better, more prevalent, more mainstream, and most importantly, more legal.

The freaking president/vice president seem to be pretty pro crypto as well. I've been following bitcoin since 2010, and never in my wildest dreams back then would I have thought that the president would launch his own "Trump coin", for example.

Crypto won. Beyond everyone's most extreme expectations. The "regulators" lost. Its over. You can cry about it, but that doesn't change the fact that it won.

kiitosOP8mo ago

you're using trump coin as an exemplar? the obviously unconstitutional grift that perfectly demonstrates all of my points about the importance of regulations?

crypto won??

get out of your bubble, my dude, you're high on your own supply

stale20028mo ago

> you're using trump coin as an exemplar?

Its an exemplar of "The government definitely isn't going to go after the crypto space, as even something as ridiculous as this is allowed". |

This is because you previously said "what you can't do is suggest throwing them out altogether".

But if freaking trump coin exists, then it looks like, yes, we actually can throw out all the rules.

> crypto won??

It won the regulation war, yes. Its not going away. If the president launched his own meme coin, then everyone else is safe.

kiitosOP8mo ago

when you said "crypto won" you weren't talking about a regulation war, you were talking about a war between crypto and banking in general, in that war crypto has obviously not won, or even really entered the fight

trump coin is obviously illegal, it has no bearing on any discussion of policy

but you're obviously fully bought-in to the hype, so, you do you my dude

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stale20028mo ago

So then yes, it is in demand, there is a usecase, you just don't like the usecase.

> but what you can't do is suggest throwing them out altogether

Crypto won. Beyond everyone's most extreme expectations. The "regulators" lost. Its over. You can cry about it, but that doesn't change the fact that it won.

kiitosOP8mo ago

you're using trump coin as an exemplar? the obviously unconstitutional grift that perfectly demonstrates all of my points about the importance of regulations?

crypto won??

get out of your bubble, my dude, you're high on your own supply

stale20028mo ago

> you're using trump coin as an exemplar?

Its an exemplar of "The government definitely isn't going to go after the crypto space, as even something as ridiculous as this is allowed". |

This is because you previously said "what you can't do is suggest throwing them out altogether".

But if freaking trump coin exists, then it looks like, yes, we actually can throw out all the rules.

> crypto won??

It won the regulation war, yes. Its not going away. If the president launched his own meme coin, then everyone else is safe.

kiitosOP8mo ago

trump coin is obviously illegal, it has no bearing on any discussion of policy

but you're obviously fully bought-in to the hype, so, you do you my dude

1 more reply

j / k navigate · click thread line to collapse