Re:Is This the End of Crypto?
by danans on Friday November 18, 2022 @12:00AM
(#33650567)
> The idea behind the regulation would be to prevent these situations from becoming so large in the first place.
I agree that's the idea, but how do you identify a ponzi scheme via regulation before it is revealed as a ponzi scheme?
> Finally, regulation doesn’t cause bailouts. There’s no rule that says regulated industries get bailouts while unregulated industries don’t.
I didn't say cause. I said pressure. Yes, the auto industry received a big bailout in 2008 and the cruise industry during the pandemic. There were other pressures that made those happen, right or wrong.
I agree that's the idea, but how do you identify a ponzi scheme via regulation before it is revealed as a ponzi scheme?
> Finally, regulation doesn’t cause bailouts. There’s no rule that says regulated industries get bailouts while unregulated industries don’t.
I didn't say cause. I said pressure. Yes, the auto industry received a big bailout in 2008 and the cruise industry during the pandemic. There were other pressures that made those happen, right or wrong.