Chapter
The Risks of Regulated Markets and Crypto
33:43 - 38:37 (04:53)
The speaker discusses the parallels between the current corrupt and monopolistic regulated markets and the risks of adopting a grandiloquent regulatory regime for cryptocurrency, highlighting the need to focus on policing fraud rather than facilitating bailouts.
Clips
Regulating cryptocurrency in a grandiloquent way that may facilitate bailouts and corrupt financial systems and allowing the policing of fraud when it occurs is more prudent and effective.
33:43 - 35:32 (01:48)
Summary
Regulating cryptocurrency in a grandiloquent way that may facilitate bailouts and corrupt financial systems and allowing the policing of fraud when it occurs is more prudent and effective. However, if cryptocurrency is regulated, it may create a corrupt system similar to the ones we have now.
ChapterThe Risks of Regulated Markets and Crypto
EpisodeWhy the FTX Crypto Scam Is a Tale As Old As Time
PodcastThe Problem With Jon Stewart
The inherent corruption, conflicts of interest and monopolies in the current regulated financial system show the need for strong regulation in the cryptocurrency market, particularly after recent incidents such as the FTX blow up.
35:32 - 38:37 (03:04)
Summary
The inherent corruption, conflicts of interest and monopolies in the current regulated financial system show the need for strong regulation in the cryptocurrency market, particularly after recent incidents such as the FTX blow up. Many are drawing parallels between the two systems and advocating for more oversight to protect investors.