RT @ErikVoorhees@twitter.com: SEC commissioner on CNBC today: "If you want to know what our markets would look like with no securities regulation, the answer is the ICO market.” So... fast growing and full of cutting edge innovation, where adults are able to make decisions with their own money? Sounds awful
https://twitter.com/ErikVoorhees/status/991034194221383681
@ploum
But also full on shameless scams and market manipulations. To think that the absence if regulation is the main, or only, factor driving innovation in the blockchain/cryptocurrency world seems shortsighted and ideological.
@pbuyle : how to prevent scam? I think that educating people is better than "protecting" them.
@ploum Yes, education is part of the solution. Hoewever, you will always end up with bad actors smart enough to fool almost everyone. Education alone will never be enough.
@pbuyle : you mean "smart enough to fool anyone but the arbitrary people who have the power to protect you and who promised that they will not fool you"?
The smarter scam are perfectly legal and even owned by the state. (even the lotery…)
@ploum
Since you change subject. I 'm curious to see the facts supporting this claim. Have you any numbers comparing state owned lotteries and gambling vs. privately held ones and other scam operations? Otherwise it is just a cheap anti-government claim.
@ploum
And while we are at it, it is interesting you decided to throw in gambling when we were discussing capital investments with a focus on blockchain and regulations.
