Post AVjjxXlPQ3AwavZGoi by tomstoneham@dair-community.social
(DIR) More posts by tomstoneham@dair-community.social
(DIR) Post #AVjUtEgutDN8yIxF20 by webmink@meshed.cloud
2023-05-17T03:04:24Z
0 likes, 1 repeats
"with no intrinsic value, huge price volatility and no discernible social good, consumer trading of cryptocurrencies like bitcoin more closely resembles gambling than a financial service, and should be regulated as such."https://www.theguardian.com/technology/2023/may/17/cryptocurrency-trading-in-uk-should-be-regulated-as-form-of-gambling-say-mps#bitcoin
(DIR) Post #AVjjxXlPQ3AwavZGoi by tomstoneham@dair-community.social
2023-05-17T05:53:15Z
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@webmink Wouldn't it be a good idea to apply that principle to **all** alleged financial services? Derivatives? LDIs? All sorts of fancy 'products' out there which are just bets on future market behaviour. What's the difference?
(DIR) Post #AVk1qyD0UrV5lDUYRk by webmink@meshed.cloud
2023-05-17T08:51:05Z
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@tomstonehamProbably, yes. I would also tax them as such. https://www.robinhoodtax.org.uk/about-the-tax
(DIR) Post #AVk79XBbgpTLDyVZy4 by nosat@liberdon.com
2023-05-17T10:14:46Z
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@webmink this is exactly why we have #Monero
(DIR) Post #AVkBzNpQ7vAj4o6rxo by nosat@liberdon.com
2023-05-17T11:08:57Z
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@webmink
(DIR) Post #AVkibVRXSbuwENA4jg by pinky@coredump.social
2023-05-17T17:12:11Z
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@webmink see also: stock markets