Regulation is all about stopping people from getting taken advantage of, or hurt, usually by their own decisions.
Financial regulation is mostly about stopping people from selling dodgy investment schemes that are some variant of Ponzi.
Health and Safety regulation is mostly about stopping people from doing stupid things that might kill them.
FDA is about stopping Snake Oil salesmen. And y'know, making sure the drugs we're sold don't make us worse.
You can see it coming in the Cryptocurrency world - people lose money on stupid bets and then feel that someone else should have done something to stop this. Someone being the regulatory agencies.
So what would a solid set of regulations for crypto look like? What process would you devise that would result in a set of rules that prevented most of the crooks from profiting from their crookedness, while allowing honest folks to make some money investing in crypto?
Financial regulation is mostly about stopping people from selling dodgy investment schemes that are some variant of Ponzi.
Health and Safety regulation is mostly about stopping people from doing stupid things that might kill them.
FDA is about stopping Snake Oil salesmen. And y'know, making sure the drugs we're sold don't make us worse.
You can see it coming in the Cryptocurrency world - people lose money on stupid bets and then feel that someone else should have done something to stop this. Someone being the regulatory agencies.
So what would a solid set of regulations for crypto look like? What process would you devise that would result in a set of rules that prevented most of the crooks from profiting from their crookedness, while allowing honest folks to make some money investing in crypto?