[wslh]

I don't agree with you. There are many actors in the crypto ecosystem and sadly the scammers and bad guys have, in general, better execution an exposure that the good ones. Personally I was involved in helping representatives in writing laws to move forward.

If there is no guidance you can build an organization that could be destroyed arbitrarily in one day. SEC had enough time...

I don't want to exaggerate but it seems like the financial establishment is really worried, and not precisely about money laundering and corruption. Those use everything as a tool, it does not matter if it is crypto or your "5 star" bank.

[JohnFen]

> bad guys have, in general, better execution an exposure that the good ones.

So much better that I take it purely on faith that there are decent people in that space. I have to take it on faith, because I haven't actually seen or heard from any of them and so have no evidence that they exist.

[wslh]

I consider others and my company, good actors in the space: think about the space critically and giving transparent feedback and scenarios between the skepticism and the utopia.

[JohnFen]

And you may well be -- but I don't know you or your company, so I have no way of knowing. The space is generally so tainted that it's not unreasonable to assume the people in it aren't exactly good until proven otherwise.

[mthoms]

>The space is generally so tainted that it's not unreasonable to assume the people in it aren't exactly good until proven otherwise.

I could say the exact same about the finance, defence, and health insurance sectors.

For over 40 years, I've only ever heard bad news about those industries. Still, it would be wrong to assume every single individual actor in those spaces is a bad actor; I know that bad news is widely reported in the media, and good news rarely is.

[wslh]

Logically speaking you are saying that there is no exist good people in the space. That is a really difficult assertion to probe. I am saying something simpler: there exist good people in the space.

Then, you are saying "but I don't know you or your company, so I have no way of knowing.". Well, that is not my job, do your work if you want to change your mind. If you need help I can present you to good people but I assume you can do it by yourself.

Also, again logically, saying that there is no good people in the space, we should first define good people in general. Not trying to sound pedantic but trying to show you that your assertion is about a lot of people, probably in the order or millions.

[stonogo]

> do your work if you want to change your mind

The point is that scammers are so prevalent it's not worth "doing your work." The ROI on vetting every player in a given transaction just isn't high enough to make it worth engaging. We don't have to do all this shit in the actual financial industry because of regulation and insurance. Nobody's presented a compelling reason to re-evolve those protections because blockchain.

And yes, the assertion is about a lot of people. That's why we put locks on our cars and houses instead of vetting everyone in town. You keep arguing about symptoms without addressing causes.

[wslh]

PayPal is full of scammers, it is not crypto. Even you can say that PayPal is wrongdoing in many aspects that will not resist in court. Just an example.

Another example: land in NY, buy a mobile SIM there, go to the Central Park and in less than 30 minutes someone calls me telling me that I won the lottery. I am very lucky.

[JohnFen]

> Logically speaking you are saying that there is no exist good people in the space. That is a really difficult assertion to probe. I am saying something simpler: there exist good people in the space.

No, that's not at all what I was saying. I actually said the opposite: I assume that there are good people in this space despite the lack of evidence for it.

> do your work if you want to change your mind

I don't think that my mind needs to be changed here. We're in fundamental agreement here anyway, so I'm not sure what you think should be different in my thinking.

I just have no way of being able to tell who the good people are. And, ultimately, it doesn't actually matter because I don't deal with cryptocurrency in my own affairs.