RolloTreadway on Nostr: npub1g0tuf…3tvm4 Innovation is important, of course, but the more you focus on it ...

npub1g0tuf634rz4suczwj7kgnecr6cyt0eu9xmp3sp0fku68mqehq4msp3tvm4 (npub1g0t…tvm4) Innovation is important, of course, but the more you focus on it as general policy, the more you bend or remove rules to promote it, the more you end up with fraudulent schemes (like Theranos, as an obvious example) exploiting the vacuum to get rich quick.

Sensible, socially responsible regulation does not stifle innovation. It stifles fraud.