Yeah for all the bitching we do about the regulators, the industry did nothing for years to police itself. Instead, we played the game like it was a casino and were more interested in mooning and Lambos instead of changing the system.
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In that sense, we did it to ourselves; now we have to deal with it.
That's what it means to be responsible in a decentralized world. Crypto lets us BYOB, but we must accept the responsibility to BYOP as well. ("Be Your Own Police.")
Like that famous quote from Spider-Man, greater freedom requires greater responsibility. Greater freedom also requires constant vigilance.
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Yeah well people turned into scammers and hackers instead of realizing the opportunity. Most everyone who was anyone was either in on it or looked the other way.
Most of the household names in crypto are to blame since few spoke out.
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They are only starting to go after it now when the money is there. I think the shutdown of the major infrastructure made them rethink leaving crypto alone.
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