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by ceejayoz 3057 days ago
> There are more crooks on wall Street (including the Banks) than in crypto.

This is a fun statement, because it's vague enough to be defended with "oh, but I meant <foo>".

Yeah, Wells Fargo got caught making accounts people didn't know about. There are cases like Enron. Financial crises, overdraft fees inflated by ordering transactions maliciously, etc.

In the grand scheme of things, though, Wall Street tends to work, and fairly well, and when it has an issue it winds up recovering eventually so you're fine if you're well diversified and don't need to retire next week. The various stocks in the DJIA and the NASDAQ are making real products, have real value, and will mostly still be here in a few years.

You can't say the same for the ICO world.