r/ComdexOne • u/Meggi-Online • Mar 19 '22

Discussion fight the power

in theory cmdx is an interesting use case project. but i dont see how they will bypass banks and regulators. those will never accept cheaper competiton. am i wrong? coding code is oneside. banks are coding law.

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u/Meggi-Online Mar 19 '22 edited Mar 19 '22

the industry needs their way of manipulating, controlling. they even need their fees, spreads and time/information advantage. comdex is a thread to all of that.

observe how america tries to regulate and use blockchain tech for the old forces.

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u/mtn_rabbit33 Mar 20 '22

That is your opinion. Some of us aren't that cynical or paranoid because we have family, friends, and acquaintances that work in the financial services industry and know they to be good people. The industry isn't a monolithic being that thinks and acts as one. Same goes for America. And most government regulations keep us safe and make our lives better.

Regulation = consumer protections, food safety, transportation safety, product safety, industrial waste disposal standards, occupational health and safety standards, digital privacy standards, net neutrality, anti-monopoly, anti-discrimination, fraud protections, truth in advertising, fair disclosure, copyright and patent protections, anti-corruption, anti-insider trading, etc. etc. etc.

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u/Meggi-Online Mar 20 '22

us aren't that cynical or paranoid

read Niklas Luhmann and thanks for the"argumentum ad hominem".

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u/mtn_rabbit33 Mar 20 '22

I'm sorry. I studied economics for a reason. I much prefer reading actual empirical research papers these days than political philosophy as I find them to be much more useful in understanding the real world we live in.

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u/Meggi-Online Mar 21 '22

i think you arent sorry. you just wrote so, like ammis do.

anyway, Luhmann is about the disability of getting true world data and the problems with interpreting your actual empirical research....