The Americans have passed rules to regulate and define the crypto industry. The first rule of finance is all rules are arbitraged. The second is that regulation strengthens incumbents. Very, very different to what Nakamoto and the original crypto acolytes envisaged for free, decentralised finance! Ha Ha Ha! Its Friday, so I am allowed to rant… This morning’s Porridge is about Crypto-Week in the USA, so I am expecting be buried by comments telling me I don’t understand, what a fool I am, and being told to be happy staying poor. Bring ‘em on! A couple of thousand years ago a dozen plus one chaps in the Middle East had ... (full story)