marsrover
Joined 11 years ago
Joined 11 years ago
Do you not think the current economic system is a game? Because it is.
> single decentralized exchange...
Uniswap had no liquidity issues for blue chips with the recent crash.
Clearly there can be more liquidity in the market, but that’s not the argument.
> detractors don’t understand
Why would I think differently when they never do?
Assuming the rest of the response isn’t directed at me.
This is known.
> Real people will get burned, badly.
Welcome to the game, there is a learning curve.
> You can't even depend on these exchanges to actually handle high trading volume when there are price crashes.
If they're centralized, you mean.
> It's honestly a joke that anyone trusts this system as it currently stands.
It's easy to distrust a system you don't understand.
> Anyone who seriously believes in a future of cryptocurrency should be calling this crap out
If you interacted with anyone in crypto you'd realize that they do.
> The problem: very few people actually believe in cryptocurrency, most are looking for a quick buck instead.
Why is that a problem? The ecosystem needs technologist and "market makers" (including individual traders in this) to function.
Well, there's a pretty big universe of meaning.
> Subprime
What is more wrong? Banks lending to people they know they can't afford it because they think the risk/reward ratio is worth it? Or governments not letting them feel the effects of the markets reaction?
> Insider trading
Honestly who gives a shit? This is the type of thing that would be quickly priced into the market.
> Organised crime
Are we talking about selling drugs? Or murder? Or sex trafficking. Because I have very different opinions between the first and the second two.
> why even have police
See above.
We don't.
> Underfunding leads to underperformance which leads to perceptions of incompetence which leads to underfunding.
Incompetence leads to underfunding. If they would get their shit together I would be fine with funding them (obv not for regulating the crypto market but just in general).
https://www.latimes.com/archives/la-xpm-1986-07-30-vw-18804-...