George soros attacked the pound in a similar manner, so you points dont exclude traditional finance. Of course, pound wasnt susceptible to a death spiral
You're missing the point. As these things are regulated, the holes get plugged by the authority regulating them. This is not so much the case in the crypto space. They see regulation as an ineffeciency, that needs to be disrupted
Meanwhile they're discovering that these regulations were actually safeguards, and they're not solving any problem. They're just reinventing the wheels of the finance sector.
Meanwhile they're discovering that these regulations were actually safeguards, and they're not solving any problem. They're just reinventing the wheels of the finance sector.