Re:Crypto Exchange AAX Suspends Withdrawals
by rglullis on Monday November 14, 2022 @11:32AM
(#33596583)
Have you seen how much wealth was destroyed in 2008?
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Re:Crypto Exchange AAX Suspends Withdrawals
by Filligree on Monday November 14, 2022 @11:38AM
(#33596691)
2008 doesn't seem like a good argument for "Re-running the entire history of finance scams, up to and including 2008 if we can get that far".
Re:Crypto Exchange AAX Suspends Withdrawals
by rglullis on Monday November 14, 2022 @11:45AM
(#33596810)
2008 wasn't caused by a finance scam. It was caused by an already heavily-regulated banking industry, supported by governments addicted to growth.
Not that different from what is happening now with the crypto "exchanges", by the way.
Re:Crypto Exchange AAX Suspends Withdrawals
by bboygravity on Monday November 14, 2022 @11:59AM
(#33597105)
Wow, you must've missed that little something about Glass Steagal.
Re:Crypto Exchange AAX Suspends Withdrawals
by rglullis on Monday November 14, 2022 @12:31PM
(#33597631)
Wow, you must've missed the point entirely.
I'm talking about how both bubbles were a consequence of all the money being pumped relentlessly by governments. That it was going to pop, we should not have no doubt. If it wasn't for crypto "exchanges", it would be a dot-com v2 (bigger and badder), or it would be something else entirely... but at the end of the day, as long as we have governments addicted to growth, we will have boom and bust cycles.