Your observation is very insightful indeed. Thanks!
Yes, but this is gradually changing, with the latest ICO's implementing better security measures, escrow systems, etc. The ideal should be to provide the freedom of the wild-west without the imminent risk of death (in crypto's case, getting scammed).
If blockchain tech and AI is implemented properly, we'll have a good balance of transparency and security.
Love westerns though.
"You see, in this world there's two kinds of people, my friend: Those with loaded guns and those who dig."
-The Good, the Bad, the Ugly
We should all strive to be those with the loaded guns, but sometimes, we have to dig first.
Brilliant reference to the The Good, the Bad, the Ugly.
I also like westerns, but if we really think about it there's not that much in common. Only the general spirit is present: this is the land of digital opportunity with no laws over it.
Wild West was a period in history that eventually finished and gave start to the next one - drawing analogy I wonder that is the next Era after the Crypto.