There's valid points on both sides of this conversation.
Although everyone is responsible for what they do with their own money and it's not any government's job to protect stupid people who refuse to educate themselves...... there's another point that goes overlooked.
When people get scammed it reflects on all of us. If you own crypto - ultimately you are suffering when scammers come into the industry.
People who were scammed are not shy about broadcasting to the world and to the media and anyone who will listen..... but they never say, "I was stupid and it's my fault." -- they blame the entire industry and this is YOU.
Worse is: people believe them and they stay away from this incredible market. This keeps new people out and old people leaving ---- The market flatlines when there's no new money and none of us make money...
With that said.... If you're opposed to government regulation on crypto it makes you obligated to protect the ignorant people (as unfair as that is). We have to do a better job of self-regulating.
If you know-of an existing scam or one being born... speak out about it. Tell everyone. Write posts about it. Tell the media.
I think Bitcoin will stay even if there is better technology. Maybe they will use new tech to enhance bitcoin. It has taken so long for bitcoin to hit the crowd and day to day stores that I do not see a new currency taking over. Bitcoin will be king.
Here is a Technical Analysis that portends something better might come along. The Head & Shoulders pattern is very bearish. The fact that the /BCT charts dipslay this for ETH/BTC, DASH/BTC, etc portends a superior reference coin is approaching.
There's valid points on both sides of this conversation.
Although everyone is responsible for what they do with their own money and it's not any government's job to protect stupid people who refuse to educate themselves...... there's another point that goes overlooked.
When people get scammed it reflects on all of us. If you own crypto - ultimately you are suffering when scammers come into the industry.
People who were scammed are not shy about broadcasting to the world and to the media and anyone who will listen..... but they never say, "I was stupid and it's my fault." -- they blame the entire industry and this is YOU.
Worse is: people believe them and they stay away from this incredible market. This keeps new people out and old people leaving ---- The market flatlines when there's no new money and none of us make money...
With that said.... If you're opposed to government regulation on crypto it makes you obligated to protect the ignorant people (as unfair as that is). We have to do a better job of self-regulating.
If you know-of an existing scam or one being born... speak out about it. Tell everyone. Write posts about it. Tell the media.
Definitely, we should all help the community differentiate the scams from the real value-adding opportunities!
Bitcoin is here to stay and nobody (including Jamie Dimon) can stop it .... unless something even better comes along.
I think Bitcoin will stay even if there is better technology. Maybe they will use new tech to enhance bitcoin. It has taken so long for bitcoin to hit the crowd and day to day stores that I do not see a new currency taking over. Bitcoin will be king.
Here is a Technical Analysis that portends something better might come along. The Head & Shoulders pattern is very bearish. The fact that the /BCT charts dipslay this for ETH/BTC, DASH/BTC, etc portends a superior reference coin is approaching.
