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by Ecto5
1812 days ago
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wasnt crypto's entire usp its decentralized nature? No Fed,SEC or other centralized body that would breathe down your neck. People didnt want these institutions controlling thir assets, i guess the obvious downside of no regulatory support when things go wrong should be part of the risk one takes when investing in crypto. |
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I can plant tobacco and make "unregulated cigarretes" with the goal of not being regulated by any government. The goal is that you can smoke it anywhere, no regulations on its composition, and I can advertise it anywhere.
That does not matter, it is still regulated and I cannot unilaterally opt-out of government regulations. (Or I can, but that is a crime and is what crime organizations do).