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Do you honestly think there is zero accountability or regulations for all of crypto? Would not a single fee levied towards a crypto company for violation of a l

Do you honestly think there is zero accountability or regulations for all of crypto? Would not a single fee levied towards a crypto company for violation of a law invalidate the point you are trying to make? I would agree with you that more regulation is needed, but to keep saying there is zero regulation is either ignorant or disingenuous. Regulation can also coexist with something that is decentralized and is not obviously adversarial, e.g. we have regulations for gold markets to prevent scams, etc.

colesantiago 4y ago
It wouldn't invalidate anything because I can list countless examples of scams, hacks, rugpulls, wallet drainings, fraud, ransomware enablement that the crypto space is responsible for. Any example of the opposite doesn't change the fact that the negative aspects are significantly greater than whatever source you can provide. The list of course is too large for this comment section so somebody has already done parts of the work. [0] Any user would be very lucky to get their money back in these situations, but like I said, no refunds or consumer protection in the crypto space when you lose your money. --- EDIT: So? My point still stands about accountability, regulations or not, even Paypal knows the buying and selling of crypto assets is completely unregulated after 15 years. The main point of this thread is that there is more evidence of broken smart contracts causing more damage to consumers and there is nobody to hold scammers accountable when a rugpull happens. Because nobody is going to get their money back for them. How is crypto, this brittle, 'decentralised' broken and unregulated system going to augment or replace the current financial system? [0] https://web3isgoinggreat.com/ https://web3isgoinggreat.com/
- datadata 4y ago
  You have said several times, "there is no regulation in cryto". If you know that this statement is not true, then why do you say it? Just say that there are many instances where lack of regulation has lead to bad results. I agree with that.

colesantiago 4y ago

It wouldn't invalidate anything because I can list countless examples of scams, hacks, rugpulls, wallet drainings, fraud, ransomware enablement that the crypto space is responsible for. Any example of the opposite doesn't change the fact that the negative aspects are significantly greater than whatever source you can provide. The list of course is too large for this comment section so somebody has already done parts of the work. [0] Any user would be very lucky to get their money back in these situations, but like I said, no refunds or consumer protection in the crypto space when you lose your money. --- EDIT: So? My point still stands about accountability, regulations or not, even Paypal knows the buying and selling of crypto assets is completely unregulated after 15 years. The main point of this thread is that there is more evidence of broken smart contracts causing more damage to consumers and there is nobody to hold scammers accountable when a rugpull happens. Because nobody is going to get their money back for them. How is crypto, this brittle, 'decentralised' broken and unregulated system going to augment or replace the current financial system? [0] https://web3isgoinggreat.com/ https://web3isgoinggreat.com/

datadata 4y ago
You have said several times, "there is no regulation in cryto". If you know that this statement is not true, then why do you say it? Just say that there are many instances where lack of regulation has lead to bad results. I agree with that.