Just for the record, no one volunteered such a magic technology.
Bill Foster: “Just for the record, no one volunteered such a magic technology.”
Editor's note · Context
Foster highlights the lack of solutions to prevent misuse of crypto without traceable identities.
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I guess when things are going well, as they currently are, it is all of our duties to look around the curve and see the risks that keep you up at night.
If you conclude, as you are actively studying it, that you need more visibility into certain areas of, particularly nonbank things that may be parts of the chain of contagion, please let us know, because it is our job to avoid the next…
Frankly, when I read about this, it triggered my PTSD from the AIG situation with credit default swaps during the financial crisis.
I think it is my personal goal to die before we have another financial crisis, and then I will be doing my job well.





