You're implying that some financial regulations are unnecessary, but without saying it or giving reasons why. Yes, I think you have no provided an argument.
You know, people talk about "there should be some protection from yourself making bad decisions" and when someone says "no there shouldn't, let people make their own mistakes" you see responses like this, "so we shouldn't ban crime?" Its absurd. It is classic straw man garbage.
Of course stealing and fraud and such should be illegal. But if I want to squander my money on bullshit, that is my right.
The difference is you prosecute the criminal actor, you make the act of creating a scam illegal. No, I'm not against that regulation. And you might be surprised to find that that regulation already exists, if you're not surprised I don't see why you keep trying to make the same point. Yes, crime should be illegal.
That's not what you're arguing for though. You're arguing for laws against participating in risky behavior by participants, regardless whether that risky behavior is a scam or not, on the grounds that they could lose money.
We don't ban fraud because people lose money, we ban fraud because people are deliberately misled, their rights are violated and they are stolen from, deliberately.
"We should ban people from taking risks", "no, I don't think so", "oh so you think fraud should be legal?" It's exhausting honestly. You should be able to come up with a better argument than this.
That wasn’t my argument. But well done on successfully arguing with yourself. Bravo.
So if we “know” that USDT is a scam, and people are being deliberately misled then we should define it as fraud, or come up with some kind of new regulation. (By your own logic).
> What about adults that take advantage of other adults?
Well, there's a pretty big universe of meaning.
> Subprime
What is more wrong? Banks lending to people they know they can't afford it because they think the risk/reward ratio is worth it? Or governments not letting them feel the effects of the markets reaction?
> Insider trading
Honestly who gives a shit? This is the type of thing that would be quickly priced into the market.
> Organised crime
Are we talking about selling drugs? Or murder? Or sex trafficking. Because I have very different opinions between the first and the second two.
Please read and follow the site guidelines and please don't use this site for flamewar or political battle. We ban accounts that do those things. I'm not going to ban you right now because it doesn't look like you've made a habit of it, but if you keep posting like this or https://news.ycombinator.com/item?id=27512975 we will have to, so please don't.