That was originally one of the intended purposes of cryptocurrency, or at least claimed to be. Too bad we can’t have anything without needing to make it an investment engine.
That was originally one of the intended purposes of cryptocurrency, or at least claimed to be. Too bad we can’t have anything without needing to make it an investment engine.
ryannathans@aussie.zone 2 days ago
Government essentially guaranteed that by classifying it as such, e.g. SEC regulating crypto
wizardbeard@lemmy.dbzer0.com 2 days ago
Huh? Investment people definitely didn’t wait for that classification to start turning it into a speculations market. The SEC actions were largely reactive.
My local bank’s investment and wealth management bros were already all about crypto long before regulations.
Ulrich@feddit.org 1 day ago
Gov can’t really do anything about it. Bitcoin was designed to be gov agnostic. They can tell you it’s illegal but there’s also really no way for them to know (if you’re not dumb).
Also with the orangutan in chief being something of a crypto grifter himself, it’s not likely to be regulated at all.