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RE: Is Ned Breaking Bad?

in #steem7 years ago

Why? I would be one of those who would be considered hurt by the scheme. In other words I played at the advantage of those in the upper tier with the odds being greatly stacked against me to get to the top. Unless I make it to the top I don't have much to fear from the feds if for some reason they ever did get investigated. You can see in the release from the chairman he even states a lot of these crypto markets hinge on the edge of being ponzi's. I am not saying that would be found here but we would never know exactly where that would fold out unless it was investigated for some reason. Seeing that crypto's seem to considered a process in new innovation according to the release by the chairman I would though strongly recommend discouraging writing future articles during a downturn in the market that give the appearance of collusion to protect certain investors investments that could hurt other investors. This is a monetary system where large sums of money are at stake and it should be taken with the respect it deserves. Sure I joke around by the fraction of pennies and pennies but several hundred people have quite a stake in those pennies from years of working at it if someone with several hundred thousand could prove they were left out in the cold by cries of certain members to band together to protect their investment one would only be as anonymous to the feds as Ned felt he'd need to go to prison for them. Some people like to think this blockchain is some sort of untouchable decentralized system but it's only as untouchable as the known names to enforcement and how much time they'd like to spend in the slammer. I'd also recommend that flagging people for censorship to the point of taking everything out of their wallets discontinue along with threats of being able to do the same. A wallet is no different then a bank account and it's held to the same standards. On here one of two things have probably kept people from filing a compliant with the feds, one they don't know they are protected by the same banking laws as a regular banking account or they
haven't lost enough to make it worth
filing a compliant to them. Someday
though someone just might lose enough. Taking money because someone said something someone didn't like isn't a reason to demolish someone's account, abuse or cheating the system would be different. As crypto become a increasing part of the monetary system people need to protect themselves by acknowledging and abiding by the rules set forth in state and federal laws, sometimes claiming ignorance works but who wants to go there to find out. Crypto's are no longer a laughing matter, you need to look at the rules and apply your conduct accordingly to protect yourself. Whether steem swims or sinks is going to depend on everyone working together to uphold the integrity and value of the system from top to bottom.