Where did I say it's simpler?
I'm not entirely sure what the "complexity" of banks refers to. I mean intrinsic complexity, not accidental complexity of implementations.
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It isn't strictly one or the other. Abstract financial instruments power a lot of economic growth, and are inherently complex deals...
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... they power a lot of the things we do/have done, including personally and impact everyone. Improperly managed they introduce major risk..
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... and I interpret the complexity argument in this context, that bad instruments lead to evil outcomes...
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... personally I disagree with the implications that Bitcoin at scale wouldn't enable an even greater risk in this area ...
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... because almost anyone can invent almost any instrument and may or may not publicly record the whole framework, and regulation is harder.
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I guess it comes from interpreting regulation as strictly unnecessary complexity?
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Could be. I don't think it's just about regulation for more experienced advocates. Their theories include public deal records as a key tool
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AIUI the idea is, if you can record all deals publicly, you can automate regulation. Not seen this actually work though.
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