> Just like with any kind of criminal, stopping deceptive crypto scammers isn’t ‘coddling’ people at the expense of everyone else.
It is if you're trying to stop these scams by putting greater constraints on, say, the fiat on- and off-ramps.
I mean, how exactly are you going to stop the average investor in doing something dumb like dumping their money into a shady project, without placing additional hurdles on everyone else? The whole point is that you're allowed to move, manage, and spend your assets as you see fit, without any government's ability to freeze your assets or block you from accessing financial services via sanctions -- for better or for worse, of course. And yes, the freedom to manage your assets as you see fit includes the freedom to make stupid financial decisions -- as you see fit.
> The whole point is that you're allowed to move, manage, and spend your assets as you see fit, without any government's ability to freeze your assets or block you from accessing financial services via sanctions
That’s a selling point advanced by crypto advocates.
Frankly, it’s ok to make that point. What is not ok is pretending that crypto isn’t also a high risk environment full of scams.
I’m not trying to police anything. I can’t stop crypto advocates claiming it’s a good place for regular people to invest.
> What is not ok is pretending that crypto isn’t also a high risk environment full of scams.
I don't pretend that at all. Like I've said elsewhere in this thread, "caveat emptor." I am sorry if others have told you that is not the case about crypto. Unfortunately, I cannot do anything about them.
> I’m not trying to police anything. I can’t stop crypto advocates claiming it’s a good place for regular people to invest.
Then we are in full agreement. As I said elsewhere, the average Joe who cannot remember their own passwords should not be using crypto, IMO. With freedom comes the freedom to shoot yourself in the foot, and unless you understand basic digital safety procedures, you are best off not shooting yourself in the foot.
