People Are Dumb

The Coinbase insider trading news has spread outside of this sub and people are laughing at crypto enthusiasts/believers because of it.

They think the problem lies within the fact that crypto is unregulated and so people can get away with this.

Do people really believe that insider trading only happens if not regulated? Do they not understand that the fact of the matter is that ordinary people caught this act in a matter of minutes using the blockchain?

I’ve stopped giving people the benefit of the doubt anymore. No matter what technology is created, people will remain dumb and naïve.

On top of that, people will always find ways to exploit the system or run scams. So it’s a lose-lose.

Happy Hump Day Everyone