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RE: ETC VS ETH
My worries as a trader is that some ETH supporters started to think of Tokens as the killer App and if that is the case, the argument for bubble grows stronger. What will be the equivalent of the SEC if ETH turns out to be nothing but an ICO platform. I know nobody want's regulations, but where is the self regulation? Who will make people whole when the bubble burst and 70% of these Killer Apps kill people's life savings?
I don't doubt the token bubble will pop. I can't wait. It needs to.
I'm still passionate about ETH for some of the reasons stated above. I think the market has agreed.
Let's see after the hype dies down.
I can not argue against anything in this answer. It all boils down to wait and see.
make people whole? why should anyone or anything do that? invest at your own risk like anything in life.
Yeah they are going to lose their money. They need to. Some people need to learn the hardest lesson. This is simple economics.
Yeah, I don't want anyone to come to harm. But, for any investment, people need to learn about it and use it in the context of proper portfolio sizing for their overall financial situation. Stocks, real estate, cash savings, crypto, whatever.
If we are going to advocate "something" (i.e. the government) is going to make us whole if we lose money on crypto then we are inviting government to regulate and control it - and kill it. Also, people need to get into their heads the lesson that the more dependent you are on the government the more at its mercy you are - a slave.