crypto is also in pensions and will be in IRAs soon enough among many many other uses coming at us.... imho we're way past 'safe playground' if that ever even was a thing plus the election
Replies
I think it was! but agree we are well past it
jul 22, 2025, 2:20 pm • 0 0 • view
also I'm old enough to remember the fintech regulatory sandboxes of 2012 😱💣
jul 22, 2025, 2:25 pm • 5 0 • view
ugh, I hated the sandbox debates
jul 22, 2025, 2:40 pm • 2 0 • view
I honestly did not realize this was a debate! was just my own observation, or so I thought
jul 22, 2025, 2:48 pm • 1 0 • view
I spent a lot of time in DC btw 2010-2012 and regulatory sandboxes were how folx talked about letting the fintech industry "innovate." Debate is maybe too strong a word. In the liberal policy circles I was in, everyone was in favor and you were wild if you didn't support sandboxes (...or fintech)
jul 22, 2025, 3:02 pm • 1 0 • view
OK, thanks. But while we'd agree (I think) that the best case would be for that stuff not to exist at all, wouldn't we also agree that the second best is at least keeping it walled off from the traditional banking system?
jul 22, 2025, 3:04 pm • 1 0 • view
I agree with those points and appreciate your thinking on this; mostly, I jumped in after recalling my experiences of trying to argue against regulatory sandboxes (which was an aside from your original post). And maybe playground/sandbox uses here pull on some distinct ideas
jul 22, 2025, 3:16 pm • 1 0 • view
To be clear, I'm not saying that this was in any way a positive quality of crypto. It was just a symptom of its larger irrelevance. (I suppose it was a positive quality of post-2008 financial regulation, arguably - on that you would know better than me.)
jul 22, 2025, 2:28 pm • 1 0 • view
and when there's $$ to be made by finance, asset classes never stay firewalled: "Anyone who remembers the run-up to the financial crisis of 2008 knows that when people in the finance world start talking about “innovation,” we should all be very nervous ⬇️ www.publicnotice.co/p/genius-act...
jul 22, 2025, 2:25 pm • 264 55 • view
100%
jul 22, 2025, 8:11 pm • 3 1 • view
National white man's conference.
jul 22, 2025, 9:46 pm • 1 0 • view
If Donald tRUmp and his friends make out like bandits, can it be said to have gone wrong?
jul 22, 2025, 9:58 pm • 0 0 • view
“Congratulations, everyone. We just broke the world record for most white dudes in one room simultaneously committing rape.”
jul 22, 2025, 9:50 pm • 1 0 • view
“Innovation” in relation to structured products should always be read as “rent seeking”
jul 22, 2025, 9:51 pm • 0 0 • view
Yes Ma'am
jul 22, 2025, 9:47 pm • 0 0 • view
I'm not nervous. Government will bail out the big players, retail crypto investors will be wiped out, average folks will endure layoffs and financial ruin and no one will go to jail. It's the American way.
jul 22, 2025, 9:41 pm • 1 0 • view
there were a lot of folks who held this view as recently as a few years ago, but from a leg & reg POV, I’m afraid we’re way, way past the point of this vision ever becoming a reality, if it were ever even possible in the first place
jul 22, 2025, 2:21 pm • 2 0 • view
I don't think it was ever the vision - I wasn't clear. They wanted it to be useful and important! The harmlessness of crypto (imo) was just one aspect of its general pointlessness and irrelevance, not a positive quality.
jul 22, 2025, 2:23 pm • 0 0 • view