You might hate this but bitcoiners were impotent in stopping the shitcoinery.
The only thing managing to wind it down were government interventions.
Discussion
Which is government’s role
Why the fuck would we want to stop people to do what they want ? We are freedom seekers not socialist authoritarian idiots
I'm not interested in stopping people from voluntarily shooting themselves in the foot.
The more time passes by, the more I wish for an all-out governments nuclear war against "crypto" and bitcoin.
If Bitcoin cannot thrive in a deeply adversarial environment, it's useless for humanity.
Don't want to stop people from jumping down the cliff if they want to.
We tried to explain the difference between #Bitcoin and shirtcoins. Stopping people from buying them is not what I want to do. They are #free to do whatever.
A judicial system exists to enforce a system of rights that facilitate socioeconomic cooperation. Actions of force or fraud against individuals should be punished appropriately.
What exactly can I, a Bitcoiner, do to punish those committing securities fraud, or to stop people from engaging with them?
How do you expect a decentralized system to overcome crypto's marketing budget?
Markets act rationally but do not have perfect information. In time, information will be less asymmetric. We will have a hard time educating people when bad actors seem more credible. History will do the work for us.
