Thread: Ethereum
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Old 15th November 2022, 15:06     #1171
Know me.
 
Quote:
Originally Posted by Lightspeed
I think these meltdowns are examples of the status quo in finance. Running a grift is the default agenda.

What's fantastic about the blockchain is it's all there for everyone to see. There's no pretending there wasn't a scam being perpetrated, which is what we see with banks.

Another difference with crypto is regulations can be built into and enforced by the infrastructure, rather than the situation with banks where even if you catch onto a scam, finding someone to enforce regulations can be an exercise in futility.
There's been plenty of pretending but since everyone's been getting paid including the players the games been allowed to continue. Regulating the exchanges will bring to light the part they have had to play in the run up of prices over the years.
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