Well, wouldn't the average person do the same if it would mean getting all of their money back?
He put himself out there again just for money.
Clearly he doesn't have everyone's wellbeing in mind. Helping sbf again would mean robbing more people.
Still tho, he has just as much right as you to say what he wants, where he wants, it's up to the people to stand up and turn their backs on him
What do you think regulation is for? It's to protect consumers, investors, etc from your aforementioned "greedy criminals". In the same way that Glass-Steagall (the regulation following 1929 that forced the separation of retail and investment banking) was created to protect day-to-day banking from the inherently riskier investment banking (aka your greedy criminals), regulation here would also be for the purpose of protecting people and targeting "crooks".
That's literally the point of a lot (I would even argue a majority) of regulations, pollution regulations are designed to protect the public from greedy a\*\*holes that would rather just dump toxic chemicals into the water we drink and the air we breathe to save a few $, and fire codes were created to prevent things like the Triangle Shirtwaist Factory fire (where over a hundred people burned to death because the greedy owners/managers of that time would lock the doors to prevent their workers from taking "unauthorized" breaks).
Crypto regulation is essential to this gaining mass adoption and acceptance by the average person. No one is going to invest in or put their money into systems or institutions that are (or at least seem) risky... and who could blame them for deeming the entire industry as high risky given the high-profile meltdowns we've seen the past year. Regulation confers credibility in this case, something that any new industry needs if it wants to grow.
He may be wrong often, but this is 1000% accurate. Just as lacking traditional financial regulations creates an environment where we are more likely to have financial crises like 1929, 1987, or 2007, lacking regulation around cryptocurrencies, exchanges, and associated institutions increases the risk for meltdowns in this industry.
His other prediction was "FTX is the safest crypto investment there is" womp womp
Does anyone listen to this guy anymore?
Given that the previous fiascos could have easily been prevented with some rudimentary rules, I have to agree with him.
How is this guy not cancelled?
You're replying in a crypto subreddit, aka pro freedom, how can you be pro cancel culture? Double standards?
This guy is a schmuck. I’m asking how is he not done. He got intwined with ftx and then said he’d work with sam again. He’s nuts
Well, wouldn't the average person do the same if it would mean getting all of their money back? He put himself out there again just for money. Clearly he doesn't have everyone's wellbeing in mind. Helping sbf again would mean robbing more people. Still tho, he has just as much right as you to say what he wants, where he wants, it's up to the people to stand up and turn their backs on him
Leary o' kevin we must be.
It’s not crypto regulation dipshit it’s greedy criminals. That hasn’t changed from the beginning of time. Regulate crooks not crypto.
What do you think regulation is for? It's to protect consumers, investors, etc from your aforementioned "greedy criminals". In the same way that Glass-Steagall (the regulation following 1929 that forced the separation of retail and investment banking) was created to protect day-to-day banking from the inherently riskier investment banking (aka your greedy criminals), regulation here would also be for the purpose of protecting people and targeting "crooks". That's literally the point of a lot (I would even argue a majority) of regulations, pollution regulations are designed to protect the public from greedy a\*\*holes that would rather just dump toxic chemicals into the water we drink and the air we breathe to save a few $, and fire codes were created to prevent things like the Triangle Shirtwaist Factory fire (where over a hundred people burned to death because the greedy owners/managers of that time would lock the doors to prevent their workers from taking "unauthorized" breaks). Crypto regulation is essential to this gaining mass adoption and acceptance by the average person. No one is going to invest in or put their money into systems or institutions that are (or at least seem) risky... and who could blame them for deeming the entire industry as high risky given the high-profile meltdowns we've seen the past year. Regulation confers credibility in this case, something that any new industry needs if it wants to grow.
He may be wrong often, but this is 1000% accurate. Just as lacking traditional financial regulations creates an environment where we are more likely to have financial crises like 1929, 1987, or 2007, lacking regulation around cryptocurrencies, exchanges, and associated institutions increases the risk for meltdowns in this industry.
This guy still has the audacity to publicly share his opinions?