Re:Washington Needs a Crypto Rethink
by simple-thoughts on Friday December 23, 2022 @02:44AM
(#34103258)
Both issues have the same cause. A firm that scams it’s customers will have more money for marketing than an honest one, all else equal. Still there’s a big difference between overdraft fees, which are part of the terms of service, and outright theft of assets held in trust in violation of contract with a proven intent to defraud.
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> A firm that scams it’s customers will have more money for marketing than an honest one, all else equal
That’s a smart way to put it. Also explains why I saw FTX marketed so much more heavily than Coinbase.