Sunday, 9 May 2021

thought on regulation

Just want to get this out there. ...Gamestop stock had 2x - 3x the number of shares shorted - regulation is supposed to prevent that. Banks, hedgefunds, ect have received bailouts from taxpayers - thank you regulation. Bitcoin and crypto ecosystem survived pandemic without any bailout.

What is it that is so appealing about regulation ? Many bitcoiners are championing regulation - what are the outsized benefits of a regulated ecosystem ? Is it the utopic world regulation has created or an expectation of better next time around, that regulation of the crypto ecosystem promises ?

submitted by /u/cryptochoices
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source https://www.reddit.com/r/btc/comments/n7z9g3/thought_on_regulation/

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