A great suggestion we ave here, unfortunately a lot of projects now fake partnership with insurance companies just to lure investors in and later abscond with peoples fund.
Its high time developers knew that they can't just appear from nowhere and get away with investors hard earned funds all in the name of fake promises.
Your suggestion is really what we need now...
Topic: We need Organisation or enforcement team to protect retail investors (Read 203 times)
January 20, 2020, 04:40:04 PM
January 02, 2020, 06:28:52 PM
We need to protect retail investors!
If you want a central authority protection, do not invest on decentralised assets! There are many other investment options that are heavily controlled and regulated.
And by the way, just read the f**ng disclaimers that are sometimes longer that the Lies Paper... I mean, the White Papers.
December 04, 2019, 03:11:53 PM
i agree that instead of having regulations that just turn businesses into police officers monitoring and seizing customers data, assets, control.. we should instead be pushing for consumer protections
how ever the 2008 banking crises has shown that regulations and insurance has not bn the answer
banks can take $100 from a consumer put $1 into an insurance premium with a $85 clawback for the consumer.. and then at any time the bank can just run off with the $99 and leave another entity such as insurance company or government treasury dealing with the $85 that the consumer would get
this model does not work as it just makes bankers happy to walk off with $99 and leave someone else to handle the aftermath
what should b done is proper consumer protections where the company employees of a bank/exchange/custodian get personally penalised
how ever the 2008 banking crises has shown that regulations and insurance has not bn the answer
banks can take $100 from a consumer put $1 into an insurance premium with a $85 clawback for the consumer.. and then at any time the bank can just run off with the $99 and leave another entity such as insurance company or government treasury dealing with the $85 that the consumer would get
this model does not work as it just makes bankers happy to walk off with $99 and leave someone else to handle the aftermath
what should b done is proper consumer protections where the company employees of a bank/exchange/custodian get personally penalised
October 08, 2019, 08:50:20 AM
It doesn't require money, we just need to encourage potential crypto buyers to read this forum.
Every investor should get here like a pre-schooler who wants to learn how the real Cryptocurrencies investment works. not just to learn it from those deceivers who sugar coat their speech to scam those new investors. a few days ago my boss asks if what am I doing, he saw me opening this BTT site. then he narrates me a scam story, his friend falls into the cloud mining scam which is he though will give him a secured workless income. If his friend just landed here before he engaged on something like that which is an obvious scam for us, he won't end up losing his money aswell.
September 15, 2019, 03:45:51 PM
Every Exchangers should be with insurance If the this way the investor is protected!
AMD it Will make Cryptocurrency with better reputation!
The bigger well Known Exchangers asking kyc from investors... But what the investor Will Get for Return?? So insurance should be mandatory!
But Not by Fiat currency coz Fiat is done!
Instead of Fiat the Exchangers Can cover losses with Bitcoin
AMD it Will make Cryptocurrency with better reputation!
The bigger well Known Exchangers asking kyc from investors... But what the investor Will Get for Return?? So insurance should be mandatory!
But Not by Fiat currency coz Fiat is done!
Instead of Fiat the Exchangers Can cover losses with Bitcoin
September 15, 2019, 08:11:12 AM
Also every bigger Exchangers should have insurance!
I think this is good and a way to start so that when their wallet is hacked, the issuance department pays up but who is going to create the enabling ground for the agreement between the issuance department and the investor because premium has to be paid somehow that will entitle investor to request for damage.
September 14, 2019, 01:34:06 AM
It doesn't require money, we just need to encourage potential crypto buyers to read this forum.
September 11, 2019, 03:34:35 PM
We need to protect retail investors!
Protection against Exchangers and someone need to check this stable coins creators actions.
There should be like Special forcement for that!
Also every bigger Exchangers should have insurance!
We should make this more not like Wild West!
Retail investor should have Protection against Exchangers and stable coins cartels!
Let's collect Some funds to set Up this enforcement team?
Protection against Exchangers and someone need to check this stable coins creators actions.
There should be like Special forcement for that!
Also every bigger Exchangers should have insurance!
We should make this more not like Wild West!
Retail investor should have Protection against Exchangers and stable coins cartels!
Let's collect Some funds to set Up this enforcement team?
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