Re:China's Central Bank Bans ICOs
by CryptoPunk on Monday September 04, 2017 @01:31PM
(#15169620)
>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).
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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