Leister

They're reading too much into data floating around the web.

It doesn't mean shit.

Bitcoin.

I get it.

Sailor, millions of dollars in Bitcoin and all that stuff.

I promise you, if he was to try to liquidate all his assets, he's not going to get 100% of what he put in it.

He won't because that's not the way liquidity works.

He can't.

He would not be able to full liquidate.

He'd have to pull out in sections because the price is going to be going down.

That's just the way it is.

So I'm just not a fan of regulating something that really has no value without fiat anyway.

That's right.

It's just numbers on a chain to me.

I have no problem trying to deal with bad actors, but I understand that the vast majority of bad actors are not in the United States.

So one way to deal with that, I think without violating privacy is to simply introduce the cryptocurrency equivalent of the FDIC.

They won't do that because taxpayers don't want to pay for gamblers, but that would mitigate it.

It's like, okay, we'll let you do it, but we'll put some insurance at least, but we know we can't deal with these bad actors overseas.

Taxpayers don't want to pay for that.

I get it.