11-17-2022, 10:42 PM
"DYOR" is worthless. You can't "Do Your Own Research" if every player in the market
<!-- SC_OFF --><div class="md"><p>Secretly lending customer funds, market-making against their own customers, Byzantine webs of counterparty relationships, launching their own tokens and giving it to insiders, etc.</p> <p>None of that shit can be researched, and these are what cause the biggest movements in crypto. "DYOR" only works when the market is at least <em>somewhat</em> transparent. Free markets can only work when everyone is (more or less) on the same playing field. THAT is why publicly traded companies have to put out regular earnings reports that are accessible to everyone, and why financial institutions undergo third party audits.</p> <p>THESE are the regulations that the SEC and other government entities want to enforce. It's not a conspiracy to kill crypto. Frankly, they don't actually give that much of a shit about crypto because crypto as a whole is literally worth only 1/3 of Apple right now. The only reason they care about it at all is because crypto gets a lot of headlines, and these people's jobs depend on public opinion, which is very much anti-crypto at the moment.</p> <p>The crypto community needs to get their collective heads out of their asses and get real about what crypto needs.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/magus-21"> /u/magus-21 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yxu5tv/dyor_is_worthless_you_cant_do_your_own_research/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yxu5tv/dyor_is_worthless_you_cant_do_your_own_research/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>Secretly lending customer funds, market-making against their own customers, Byzantine webs of counterparty relationships, launching their own tokens and giving it to insiders, etc.</p> <p>None of that shit can be researched, and these are what cause the biggest movements in crypto. "DYOR" only works when the market is at least <em>somewhat</em> transparent. Free markets can only work when everyone is (more or less) on the same playing field. THAT is why publicly traded companies have to put out regular earnings reports that are accessible to everyone, and why financial institutions undergo third party audits.</p> <p>THESE are the regulations that the SEC and other government entities want to enforce. It's not a conspiracy to kill crypto. Frankly, they don't actually give that much of a shit about crypto because crypto as a whole is literally worth only 1/3 of Apple right now. The only reason they care about it at all is because crypto gets a lot of headlines, and these people's jobs depend on public opinion, which is very much anti-crypto at the moment.</p> <p>The crypto community needs to get their collective heads out of their asses and get real about what crypto needs.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/magus-21"> /u/magus-21 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yxu5tv/dyor_is_worthless_you_cant_do_your_own_research/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yxu5tv/dyor_is_worthless_you_cant_do_your_own_research/">[comments]</a></span>