To be frank, this is the foundation and root issue of capitalism. Greed is considered to be a good thing but it could lead to exploitation (which is a bad thing right?) . As you stated, regulation will always bound to happen. I am a realist on that and the question is always about degree.. I think the best question to ask is if regulation is necessarily a bad thing when we can't even regulate among our peers? I look historically during the Industrial period where you get the writings of Upton Sinclair (The Jungle) and the term, "Robber Barons", you could see that capitalism does go too far (even the Renaissance period).. Capitalism goes in cycle but it does eventually lead to exploitation.. That is what we are seeing in some degree in cryptocurrency. We could say the same thing with PnD coins that is pushing cryptocurrency to regulation...
I am not pushing regulation but it is, at times, beneficial. I look at EPA in the 70s that standardize clean water (some might disagree but it did its job; though there are some things I do not agree with the EPA)... Either case, I just wanted to give another perspective.. But I concur, if we can't self-regulate.... Well, then this is bound to happen and historically..... It always seem to happen.. The question is degree...
I always enjoy reading your comments. Your always good about taking the information I provide and either taking it a step further or showing another side of the story to help understand things in their entirety. Your point is valid. Regulation to some degree is not always a bad thing.
I got sidetracked by my employer last night and today... I will check with Korea and the Asian market.. I know a big news came out of RobinHood and brought it up.. It is a cloud-trading platform (hint hint since you know my background and they are going into the crypto with their app... Insight of RobinHood - https://aws.amazon.com/solutions/case-studies/robinhood/ - US customers only since it needs to be validate who you are .. They are low or free transaction fee.. I use it for my stock purchases.. Also, use a referral if you are a new customer and you get a free share).... I know the crypto part is in there but cryto trading is not available yet it seems... I like Robinhood)...
This could actually compete with Coinbase for ease of use buying and selling of crypto...
Wanted to add the news: https://techcrunch.com/2018/01/25/free-cryptocurrency-trading-app/
Hello cryptokristof, iv'e heard you talk about Mastercoin Plus and Bitconnect and I feel the same way about them. I had put some money in with USI Tech about a month before they jumped ship. It looks like they are working hard to come back to the states and make things write. I would love to keep the money with them and finish the run that I first set out to do. I'm just a little leery with leaving my coin with them. I'm curious of your thoughts on USI Tech.
I think that's the foundation and root of "crony" capitalism. This is in contrast to a true free market with everyone competing (don't like working for this guy, go work for the next). All the greed/exploitation comes about when there is ironically a lot of regulation (i.e. high business tax) - you end up with a couple of monopolies (the only ones who can afford the tax) pretending to compete, raking in the profits and leaving employees begging to keep their job (becomes an employers market). This is why I actually don't mind Trump - he appears to want to bring back that competition with minimal regulation so that everyone wins (I could be wrong though).
I'm not smart on this stuff though and may have missed your point. End of the day some regulation ("the question of degree") might be useful.