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Stop shilling regulation

All Cryptocurrencies

by COINS NEWS 91 Views

Seriously.

Regulations don't stop or even inhibit scams and criminal activity in tradfi -- if anything, they just institutionalize scams/crime, and effectively set up a walled garden for those criminals capable of creating and/or circumventing those regulations to their benefit.

Regulate companies that engage in crypto exchange (CEX, etc)? Fine! Perhaps good even!

But let's not pretend that's the same as labeling all coins as securities. Let's not pretend that regulating legitimately decentralized projects won't require a dystopian level of enforcement that is not -- in any stretch of the imagination -- worth the tradeoff of temporarily making "normies" comfortable enough to jump into crypto and gobble up your bags.

submitted by /u/Grawrgy
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