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kleinbl00  ·  2259 days ago  ·  link  ·    ·  parent  ·  post: The Tether Conundrum

They don't. They are babes in the woods. Of the six or so people I've recently talked to with interest or holdings in crypto, zero of them had heard of Mt. Gox.

I'm pro regulation. I think the exchanges should fall under the same regulations and laws as securities exchanges. And the sooner that happens the fewer naifs will be skinned by the wolves. Americans in particular are vulnerable; we're used to consumer laws that give us back our money 99% of the time. And in the US, even "accredited investors" - that class of entrepreneur classified as educated and wealthy enough to take real risks - has orders of magnitude more protection than the idiots buying Litecoin with PayPal.