Hacker News new | ask | show | jobs
by outside1234 1233 days ago
What we have learned from other financial markets is that scammers will only move on when there is regulation.
2 comments

Not just regulation, you need actual enforcement with a high enough likelihood of consequence.

Just look at telephone wire scams. They’re clearly illegal, but if there’s no teeth to prosecute then they’ll keep on coming.

Which markets did you learn that from?