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Frontpageorlurk t1_ivxwjoe wrote

Reply to comment by nova9001 in FTX looks for $9.4 bln in rescue funds, Bahamas freezes some assets by fudge_u

They have their name on the side of a sports arena, regulation should of happened yesterday. The US has done a great disservice to its people, this should have never been allowed to happen.

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646bph t1_ivy6mqu wrote

It’s crypto, lack of government regulation was the whole point. People only have themselves to blame if that lack of regulation results in personal financial loss.

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Frontpageorlurk t1_ivy7bfb wrote

Yes, but the average joe dosent understand all that, they see tom brady and larry david shilling it on TV and think it must be safe.

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646bph t1_ivy9zef wrote

Yeah, that’s fair, it definitely got way too main stream.

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etarnkufecin t1_ivyaim8 wrote

Yup, too many people see a celeb and automatically go..."well they must be trust worthy, i'll buy what they sell..or vote foe them." Not thinking that those people do 0 research and are just getting paid to sell stuff. We are a celeb idolizing society.

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coyote-1 t1_iw0xe6n wrote

They deserve their fate if they invested without understanding their investment

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iamnotabot159 t1_ivyu3hy wrote

lol

Not being regulated by governments is the whole point of crypto currencies

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