Government or not people are always going to fall for get rich quick shit. You could argue the entire stock market which is regulated has a bunch of dog shit companies just like these shit coin casinos. Yes shitcoins are an attack on Bitcoin but the individual has to make the personal decision on what to buy quality or shit
I guess this is a net positive for institutional adoption.
Absolutely. It will also kill quite a number of shitcoins (securities).
How so?
Because majority of the shitcoins are securities and will have to be registered as such or removed from the US exchanges.
That just makes them regulated shitcoins doesn’t stop technology
The technology was never the problem. Snake oil salesmen is the problem. All are pretending to be on the same level sa Bitcoin, preying on noobs.
Government or not people are always going to fall for get rich quick shit. You could argue the entire stock market which is regulated has a bunch of dog shit companies just like these shit coin casinos. Yes shitcoins are an attack on Bitcoin but the individual has to make the personal decision on what to buy quality or shit
Agreed, but I don't want the government deciding what I can and can't invest in. Caveat emptor
Bitcoin is not an investment. Bitcoin is saving.
Betting in a shitcoin casino, not investing.