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 Reducing regulations to "protecting people" and opposing it to education is an ideological bias. Regulations does not necessarily means coercing people into doing what others thinks is good for them.
For instance, requiring investment service providers to provide accurate and comprehensive information (incl. the clear and balanced risks analysis) to wannabe investors. This is both regulation and eduction and helps against scam.
