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BitConnect Closes Exchange as States Warn of Unregulated Sales

(www.bloomberg.com)
389 points JumpCrisscross | 1 comments | 17 Jan 18 01:04 UTC | HN request time: 0s | source
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brndnmtthws ◴[17 Jan 18 01:36 UTC] No.16164730[source]▶
BitConnect is definitely a ponzi, but I think this sets the wrong precedent. Exchanges should have voluntarily delisted BCC (many already have, but it still trades on some markets and is listed on coinmarketcap) rather than being forced by threats from the government. This gives regulators credence as our protectors and suggests they will try these strongarm tactics again in the future.
replies(3): >>16164987 #>>16166173 #>>16166289 #
a_t48 ◴[17 Jan 18 07:38 UTC] No.16166173[source]▶
If all parties involved did the right thing, we wouldn't need regulators, would we?
replies(1): >>16166442 #
brokensegue ◴[17 Jan 18 08:45 UTC] No.16166442[source]▶
bitcoin: a tool for teaching libertarians the reasons we created regulations at high speed
replies(1): >>16167588 #
brndnmtthws ◴[17 Jan 18 13:14 UTC] No.16167588[source]▶
Bitcoin is a tool for liberating people from the ruling elites and the oppression of crony capitalism.
replies(3): >>16168621 #>>16168767 #>>16169281 #
1. cyberlogika ◴[17 Jan 18 15:23 UTC] No.16168621{3}[source]▶
The road to hell is paved with good intentions.