It's not to solve that problem. It's to have the option to route around it. | Hacker News

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sowbug on April 12, 2023 | parent | context | favorite | on: Mass layoffs and absentee bosses create a morale c...

It's not to solve that problem. It's to have the option to route around it.

dsr_ on April 12, 2023 [–]

It certainly can't route around it.

US: https://www.sec.gov/spotlight/cybersecurity-enforcement-acti...

CA: https://www.osfi-bsif.gc.ca/Eng/osfi-bsif/med/Pages/20221116...

EU: https://www.bafin.de/EN/Aufsicht/FinTech/Geschaeftsmodelle/D...

and so on.

sowbug on April 12, 2023 | [–]

Fraud existed long before digital currencies, and nobody is seriously advocating to legitimize it.

I hope that even if you love the current financial system, you'd still be in favor of giving its competitors a chance to exist.

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