40 karma · joined September 23, 2015
Have you heard of the term "accredited investor"? That's 100% a "nanny" regulation that excludes poorer people from opportunities.
> Yet it performs worse in every measurable metric.
You jump to arbitrary conclusions. You probably did the same when it comes to Bitcoin that's why you say factually wrong things like in the comment. For example, do you understand what near-instant settlement means?
> One does not need to be a criminal for proper regulations to apply.
Ad hominem while stating the obvious. Yikes.
The market is way more robust now, especially now that Ethereum is so huge and provides way cleaner alternatives like DAI and USDC.
> the other side turns out to be fraudulent Crypto is not here to protect you from falling victim to fraud. It is here to replace a faulty and completely outdated financial infrastructure. The same laws against criminals apply whether they use crypto or not.
Also the ROLLUP series from Bankless (e.g. https://www.youtube.com/watch?v=ooIZzpOsoko)
Anonymity might seem redundant to you and other people who "have nothing to hide". However, in a slightly more dystopian reality -e.g. when we are forced to use CBDCs- the government might choose to block you from using your hard earned money because you posted a criticism of the president on twitter.
That's just one argument for Bitcoin, there are more. For example, it provides the opportunity to second/third world countries to break free from the IMF debt slavery.
I am surprised that selling tools which potentially "enable murder" hasn't triggered some overzealous regulator in DC yet. It seems like low-hanging fruit. /s
Pro-authoritarian sentiment keeps going strong. Why is it so normalized these days?
I am very optimistic about Ethereum. It is not perfect but it is massively and consistently improving. The past few years, all crypto innovation was incubated within the Ethereum community.