I think SEC is evil. I'm not an altcoiner but here's how I see it.

If people freely decide to engage/invest in highly risky or even scammy project, it's their choice and most importantly they at least have a chance of cashing out. Maybe they will get completely rugged. Maybe they'll cash out 50% in loss, maybe they'll time it right and grab some profit, who knows. But they have a fighting chance.

What SEC does is they let these projects to get created and widely used. And then they kill them and effectively send price of whatever shitcoin token to 0. Their investor protection basically means that everybody who invested gets nothing. And creators of the scam get an easy way out. They simply pay laughable fine and go away while keeping people's money while saying they can't continue because SEC shut down their centralized project.

So while I'd appreciate that these shitcoin projects wouldn't even see the light of the day, SEC in my opinion is making things only worse right now.

#bitcoin #sec