RE: Is Ethereum a scam and are Ethers unregistered securities? Fiduciary Duty Attorney Jason Seibert weighs in

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Is Ethereum a scam and are Ethers unregistered securities? Fiduciary Duty Attorney Jason Seibert weighs in

in ethereum •  7 years ago 

This is similar to how the world resists the world of classical business. Crypto currency is breaking the existing system. But you can not ignore them. Naturally, now they are poorly regulated by law. But you can look at it from the other side. If the world financial system and laws corresponded to people's interests, then crypto-currencies, smart contracts and other similar technologies would never appear. Perhaps the developers are not entirely honest. This can be seen as a manifestation of corruption. But this exists in the ordinary business, despite all the laws and regulations.

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laws and regulations used to serve their intended purposes, now used mainly to employ bureaucrats, and to repress the ill-informed