Crypto is dead. Until it gets regulated.

KCalhoun

KCalhoun

Without regulation, it's not safe. But it doesn't want to be regulated, its anonymity is its appeal. Hence the conundrum.

With the negative recent events I dont see institutional investors going back in, it's too dangerous.

It'll languish, just for the criminals and hobbyists that like it. Game over.
 
Interesting take on how to regulate it by Todd Baker in Wall street Journal today. He argues it should be regulated like gambling. Take it out of the possibility of having to be rescued by the tax payer if it fails.
 
imo the biggest problem with crypto relative to say the dollar is what supposedly makes it
interesting, no central control. the problem is its hard to have trust which
you have to have with the masses.

since the common man doesn't understand the code and theory behind mining
and supposed limited supply and block chain, no one can really trust it.

but most people do trust that a dollar bill will get you what you want because
its backed by the "full faith and credit of the us government"

so if that crumbles then the world is over anyway. so people are cool with that.
 
KCalhoun said:
Without regulation, it's not safe. But it doesn't want to be regulated, its anonymity is its appeal. Hence the conundrum.

With the negative recent events I dont see institutional investors going back in, it's too dangerous.

It'll languish, just for the criminals and hobbyists that like it. Game over.
More...

Thanks for the opinion, are you feeling ok? Have a good day buddy!
 
KCalhoun said:
Without regulation, it's not safe.
More...

It is not safe with regulation either:

1. You can misplace/forget your private keys.
2. Fraud is still possible.
3. You can be kidnapped if thought to be a crypto millionaire.
4. You can accidentally send your money into ether, never to be able to recover it.
etc.etc

Regulation won't help with any of those...
 
Pekelo said:
It is not safe with regulation either:

1. You can misplace/forget your private keys.
2. Fraud is still possible.
3. You can be kidnapped if thought to be a crypto millionaire.
4. You can accidentally send your money into ether, never to be able to recover it.
etc.etc

Regulation won't help with any of those...
More...
All those risks (or close variations) can happen with many investments.
 
KCalhoun said:
Without regulation, it's not safe. But it doesn't want to be regulated, its anonymity is its appeal. Hence the conundrum.

With the negative recent events I dont see institutional investors going back in, it's too dangerous.

It'll languish, just for the criminals and hobbyists that like it. Game over.
More...
Two things are endless, according to Albert Einstein, but I’m not convinced about the universe. The other is human stupidity.
 
Thanks OP, I've never seen this regulation argument and seen crypto's market cap languish to nothing in the 10+ yrs since its inception.
 
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