This is why I said I don't want to replace the current system with cryptocurrency. Retail investors weren't prepared to handle the technical requirements. Part of that is on regulators, the other is on naive investors, another part on conmen. At some point you have to have accountability for the result of putting your entire life savings into a new, untested technology.
Comments
"There's enough wrong with the current financial system to make it worth trying new things even if they don't work out"
Is it really though when 'not working out' means that someone loses their entire life savings?
This is why I said I don't want to replace the current system with cryptocurrency. Retail investors weren't prepared to handle the technical requirements. Part of that is on regulators, the other is on naive investors, another part on conmen. At some point you have to have accountability for the result of putting your entire life savings into a new, untested technology.