Of course there is crap in traditional investments, but not to nearly the same percentage that there is in BTC Securities. I have dealt with plenty of both types of investments to know that most of the crap is in BTC Securities.

Perhaps we need to start getting all those that want to introduce a security to have to put up insurance that will protect investors. If we all were omniscient then we could exercise due diligence. We need some sort of system of trust that can be relied on. Regulations do prevent scams as we would have much more scams if we did not have the threat of sanctions. I am not certain what the perfect system would be, but letting it simply be a free-for-all is not the solution.