If there is enough ongoing arrests + convictions / fines etc then we could see a reduction in scammy bullshit.
You all for years viewed regulations as your parents giving you a bed time but..
When your house gets robbed while on vacation you are happy to call the cops right ?
I see this sort of thing as a deterrent.
Of course it would not stop scammy behavior.. but it could reduce it.
Crypto could definitely use a boost of integrity after years of bad news.
Don't forget too that Bitcoin these days has become synonymous with Ransomware.
The only time i hear about Bitcoin in the media anymore is when a Ransomware story is posted.
I also said earlier i mentioned "this" hours ago..
I meant i brought up how 1 coin was sketchy and laughable.. Not that i had heard of this news story yet.
I encourage people to think carefully about the concept of regulations etc.
You all want the cops to arrest Mark from Gox after he wanders off with the coins right ?
But don't shut down my scammy coin scheme i am invested in ?
Can't have it both ways people.
I have said for a couple years we can look at laws or regulations as a compromise.
I do not advocate laws imposed on us all in Crypto against our will.
All i ever said was lets take part in their creation ..lets get our input into it all.
Lets makes sure laws / regulations etc are put in place that work for us how we want.
Which is sooner or later going to be a problem.. why ? ANON COINS !
They are a huge middle finger to the world of law.
Pick your sides
I chose mine..
If we have law enforcement not act on any crypto matters this crypto stuff will just get worse and worse.
What i envision is yet MORE exchanges wandering off with all the money on a regular basis.
Because they know they can !
So think twice before chanting the rebellious
Free Market Mantra
