You honestly believe power will move away from the banks to you, holding a miniscule fraction of crypto (probably) if you're lucky enough not to have it stolen in a pump and dump? Do you seriously believe that power won't just concentrate somewhere else? That removing economic control won't cause unintended effects?

[–] hector@lemmy.today 1 points 22 hours ago (1 children)

Not at all I've no faith in any of the scams out there right now. But concentrating all of that power into banks under the control of our governments will lead to even worse outcomes. Hopefully some worthy alternatives will arise at some point.

[–] RaskolnikovsAxe@lemmy.ca 0 points 21 hours ago (1 children)

Power is distributed by implementing and enforcing effective regulation, not by removing it.

[–] hector@lemmy.today 1 points 17 hours ago

We will see how it plays out, obviously the US isn't going to be regulating anything for the better. Anything they have their hands in will be worse, so there's that.