Re:Show HN: Bitcoin Binary Options Exchange
by Aqueous on Thursday November 14, 2013 @02:21PM
(#6734780)
It wasn't the monopolisation of currency or governmental regulation that caused the financial crisis - it was derivatives, and too many people using them off-load their risk to too few people(i.e., AIG)
You can avoid this by attracting a large number of risk-takers who diversify their holdings. But, that doesn't obviate the fact that too little derivative regulation caused the financial crisis, not too much.
You can avoid this by attracting a large number of risk-takers who diversify their holdings. But, that doesn't obviate the fact that too little derivative regulation caused the financial crisis, not too much.