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You mean like the "information" about promoting crypto and NFTs in this thread?
While I do agree that there are actions to consequences and those who decide are ultimately held liable, knowingly misinforming and misguiding people is far worse.
I will maybe sound quite ignorant (because I am and I have a little knowledge of how costly wire transfer can get), but for how much of the world this cannot be done with US dollar with say PayPal ?
*cough* Western Union *cough*
The problem with this way of thinking is that we encourage businesses like NFT's to appear, and then regulated when the scamming gets out of hand. This is why I get so many phone calls about car warranty, because the scammers are allowed to get away with it. This is why old people get a call from Microsoft and how their computer maybe infected and needs their technicians to connect and will drain their bank account. NFT's should be banned and have the money they stole refunded. NFT's have no value what so ever. The only reason NFT's seemed like a good idea is because we think the stock market was a good idea, until after 1929 when the US banned stock buy backs until Regan allowed them again in 1981. Logan Paul's NFT's were going to be a pump and dump, but it turns out he hired some scammers who scammed him. There are just too many idiots to let them sink or swim, and it does effect the rest of us when they fail and the scammers succeed. You think I like picking up a phone to listen to a robot or an Indian who goes by the name of Jerry telling me my Windows PC is infected? Corporations and businesses should be the ones to sink or swim, not the people because in the end they aren't calling me to warn me about my car warranty.
Protecting people from deception and scams is not protecting them from themselves and there is zero legitimate reasons for a company or individual to act in that manner.
You can't stop all bank robberies or murders so why don't we just make them legal, surely that will go well. There's no legitimate reason to scam people and it does a lot of harm to the victims to the extent that it spills over to harming the greater public when someone can't pay their bills or needs public assistance, it's a net loss for society and only benefits the cheats.
If often can be, say you make the end of a diesel car pump not fit well in a regular gasoline car entry, not much is lost for protecting a lot of people from themselves
Not offering lead or unlead gasoline and relying on people to protect themselve by buying the good one did work, paying tax has you get income instead of at the end of year, forcing retirement nest investment, etc... I am sure there is a long list of example that somewhat worked.again, history has shown protecting people from themselves doesn't work
That seem like a strange strawmen, it is about less people get less scammedok, i await you solving no one ever being scammed again, can't wait to see it
It is not a strawman to say that people are suggesting ideas about: solving no one ever being scammed again
While Paypal is virtually world wide it also has restrictions, country by country requirements. It is it's own digital financial network, they were working on there own Digital coin (Crypto Coin, not sure if they will release it if ever). Russia is off limits at the moment with Paypal, China has specific requirements. At least now you can transfer actual Crypto Currency, limited coins, to exchanges, other people etc. It is also very centralized good or bad, meaning things can change quickly. Still that is about as close as you can get to Crypto with flexible transactions. Actually USDC fees can be much higher than $5 so Paypal is a good option if available.
There (WU) in 40 countries digitally meaning fast transfers, don't know about their normal service which use to take hours but still relatively fast. They also restrict to Countries for good or bad reasons.
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Is not scamming, scams etc. illegal already? How is that working out?
I mean if I consider how many time I was scammed in the last 10 years, good enough ? So much well that I mostly never read seriously contract-stuff you accept when you create an account in serious place, relying on the anti-scamming protection in place.
I will maybe show how much out of the loop I am, but how did the person sending crypto bought them without those ? Some cash to crypto physical counter ?
By work of course, here is an example where you can contract out anyone virtually in the world with or without a bank account:
Could they not received money in their paypall account just has much (you do not need anything to just have a paypall account)...
WU doesn't care about bank accounts. And can actually hand you currency - local or otherwise. You get sent crypto and ... generally can't buy bread with it. And it couldn't handle that kind of transaction load if you could.
They're converting digital tokens of some kind to cash, just like a bank converts dollars to "digital tokens" (bits in your bank account) and then back to cash. That's not crypto, that's just third party handling.
If I'm buying art, I sure as hell want a verification of authenticity - and not from an NFT, which is not a legally binding contract, nor any guarantee that the physical item is what a seller claims it is. I've covered this before - if you're using NFTs to signify ownership of a physical item, you're looking for trouble - especially as a purchaser. If you're doing actual contract process around said purchase/sale, you don't need the NFT - you have a contract.
You say this as it's a fact. I can point to many times in history where intervention was needed because the scamming was getting good. Enron for example which was worth nothing but kept faking it until they made it. Pump and dump's are illegal because shortly after the legalization of stock buy back, you had a lot of people doing this. What's important about these examples is that NFT's and crypto both have Enron's and pump and dump qualities. Logan Paul was literally about to do a pump and dump while offering nothing of value.again, history has shown protecting people from themselves doesn't work
Less scamming is the goal, not none. It's impossible to stop stupid people from getting scammed, but we can stop the smart asses from profiting from it. More importantly we can punish the few and make examples out of them, to deter would be scammers.ok, i await you solving no one ever being scammed again, can't wait to see it
I can put that next to capitalism utopia, cause that's working well.
The situation is different now. It'll collapse because of the changes to proof of stake. That means NFT's and Bitcoin can't depend on the block chain anymore since it lost value without mining.
Everyone complains about the Feds interest rate increase, but the reality is that it was nearly 0% since 2009. For a brief time period after 2016 the Fed started to increase it to barely 2%, and then dropped it back down to 0% when COVID started. Never is the history of finances has this been a thing, but because of 2008 the government dropped interest rates to induce inflation because 2008 created a massive deflation event. Which oddly enough 2008 was partly caused by dropping interest rates at the start of the year 2000 to nearly 1%, that and George Bush deregulation's. There's no bouncing back in Feb, as we should see the market drop. There's so much news of companies laying off people, poor sales, and stores closing down that the stock market has no business doing as well as it is. Even Bitcoin which recently had a resurgence has no business being worth $20k. The whole FTX and Binance hilarity somehow didn't deter people from investing in Bitcoin. The fact is there are market forces at work that don't want the market to decline but all they're doing is delaying the inevitable. The longer they delay the worse the drop will be.
Yes but I am talking about the more recent auditor BDO, the article only mention:
