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Author Topic: Without Any Serious Regulation, Why Do People Use Financial Disclaimers?  (Read 103 times)
cd74reg
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April 11, 2018, 09:20:23 PM
Merited by Vod (2), suchmoon (1)
 #1

I see it all of the time in Youtube videos and blog posts. What is the need when the crypto market is unregulated anyway?

I mean, isn't the lack of financial rules how companies like Bitconnect and Homeblock coin get away with theft through death? I can start a coin today and promise that world hunger will end and have no repercussions since no one is really looking. As my new coin falls from 200 sats down to 1, people just leave and accept they were cheated once again.

With things this way, why don't the hoarders commit more atrocious crimes with crypto while there is basically a get out of jail free card now? Seems like crypto crooks only worry about committing typical frauds like money laundering and letting projects die.

This leads me to think that they are more computer geeks involved than actual crooks.
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April 12, 2018, 07:54:38 AM
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It isn't just governments that regulate posts and information pages. Listing sites like Google, YouTube, Yahoo and others are probably more influential.
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April 13, 2018, 11:59:01 PM
Merited by Vod (2), suchmoon (2), theyoungmillionaire (1)
 #3

I see it all of the time in Youtube videos and blog posts. What is the need when the crypto market is unregulated anyway?

There are several reasons, each may apply:
0. They may think, that make them look more professionally. And it may indeed make such impression on newbies and amateurs. It will sounds like a waste of time or a bullshit to most of professionals, but they are hugely outnumbered and are not particularly the targeted audience of such videos and blog posts.
1. They may genuinely believe, that it makes any sense. It will actually count as an attempt and a will to do things right and may make the difference, if there will be any debate on the subject of their "piece of content" (even in a court that may count as a good character point).
2. They saw others do it and just copy that. Following the crowd is the easiest way to approach that crowd, so they just comply.
3. It adds to the time of the video and to the length of your article. It may help with monetization. And it doesn't take any time to produce that piece of content.
4. They may be told to do so by some "legal advisor", even though such advisor is probably just their mate with a college minor in Commercial Law.
5. They may actually follow some regulations for financial products commercials or something like that. It may make some sense, if they consider themselves an a QVC talking head.

I mean, isn't the lack of financial rules how companies like Bitconnect and Homeblock coin get away with theft through death? I can start a coin today and promise that world hunger will end and have no repercussions since no one is really looking. As my new coin falls from 200 sats down to 1, people just leave and accept they were cheated once again.

It is not the case anymore. Just follow news, a couple dozens scammers and fraudsters are facng charges already, and not only in US.There are cases in Russia, in China, in Singapore. There were even a couple shooting in the African region, dedicate to some indecent token campaigns. And most people are not falling to easy scams any more.

With things this way, why don't the hoarders commit more atrocious crimes with crypto while there is basically a get out of jail free card now? Seems like crypto crooks only worry about committing typical frauds like money laundering and letting projects die.

Most people in the crypto community have moral and decency. As in any other community. There are some crooks, but their job became way harder, riskier and way less profitable, that it would be a year or two ago. THe picture you painted better explain the early boon of 2014 and 2015, when criminals started to show interest to previously geeks driven industry. It was inevitable, it is now mostly in the past.

This leads me to think that they are more computer geeks involved than actual crooks.

That last phrase I failed to interpret. If you wanted to say, that the reason for a lower level of criminal activity is that people in charge are not all crooks, but rather IT geeks, than I canaprtially agree to you. Also, there are many people from the financial, general business, non-profit, scientific, legal, political and many other industries came and coming to the crypto sector. They also help to make it less of a Wild West and more of sustainable and developed field.

Hope that addresses your questions properly.
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April 20, 2018, 08:53:34 AM
 #4

I also use disclaimer in my media contents,
Disclaimer: I am neither a blockchain programmer nor an investment consultant. I neither advise nor responsible for the profits or losses of this investment. This article is limited to information that can be followed or ignored without any coercion.

My main reasons are:
1. I don't want to be hold responsible for someone else loss
2. People should do their own research
3. It's standard practice in investment
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