From a Nassau guardian story:
"*When we think about regulation for a crypto business it’s different, it’s not like a bank, it’s not like a mutual fund or an insurance company,” said Edwards.*

*“We have to be honest and accept that that there are **some things that may not be as tightly managed and regulated as, in hindsight, as we would want them to be***

This is our response to every **predictable crisis, *who could have known?***. Everybody knew those guys didnt come here because they thought the Bahamas had a great regulatory structure. Everybody. Everybody knew crypto vakuation has very little linkage to any equally valued underlying asset. We've been here before in 2008 with derivatives. Everybody knew. Everybody knew Nicole was a cat-1 storm and cat-1 storms are predicted to exact minimal damage and up to 5ft surges. Everybody knew.

"***In hindsight, who could have possibly known?***

Wait, where's the concern about the seed money that was given? There was welding going on, was welding part of a personal business also? Not saying that there's anything amiss but we cant just lose thousands of dollars and not check to see if it was spent on junkanoo supplies or not.

Id like to see an audit to determine what was done with the seed money.

where's the money?

Crypto is just not real money. Sure someone gave it to you in exchange for your car, but where did it start? Did someone put money in a bank that was the equivalent of 2000 coins or did they simply open an excel spreadsheet and write I have 2000 coins worth 3 billion dollars! The person left holding the bag has air in their hands. The only people who make out are the ones smart enough to sell the bag before it burst.

"*we believe in time that outliers that misuse user funds will be weeded out by the free market,”*

That's an interesting statement from CZ

Now we know what happens when we boarded up in our houses. Probably much worse and much farther during a real storm

"*“It looks like we have been spared the worst of it*"

**Why do we let them get away with this every time??**

These photos remind me of the US news reporters who stand beside a destroyed clapboard lean-to in the middle of a flooded **valley** to demonstrate how deadly the winds were. After decades everybody knows if we have heavy rain Nassau downtown will flood, if we have hurricanes the coastal roads will get overtopping and some roads will crumble, fishing hole bridge will be impassible, glass window bridge impassible. Everybody knows. Did we experience damage beyond that?

Remember when the Christie administration kept using hurricane Matthew as the cause for why nothing could get done? This is like that. **Every approaching storm gets the same panic response no matter what the information shows because "Dorian" and if you point it out you get, *it's better to be over prepared, you live in Nassau you dont understand*. We're enabling traumatized Bahamians to stay traumatized because *what's a radar? who could have known*, this could be Dorian.** When in reality, how many storms have we had this year? How many were Dorian? The MET is now afraid to make obvious calls about impact because they could get blamed for not being dire enough so every storm gets these dire take cover warnings. This is unsustainable. **Noone can predict every nuance of weather but my God we must be able to publicly state at least that a 70mph wind storm that people struggling to call a hurricane was never going to be "*the worst*".**

When I read a storm warning that looks like Dorian I'll be the first to run for the hills, until then take precautions suited to the risk. It saves time and money.

Abaconians have been complaining about hurricane damage for the last 4 years. Where was the heartbreak?

That is my take on it, that this was made more than it was for the PR. I listened to the DPM after his inspection basically say nothing much to see.

You expect the salt water damage within maybe 40ft of the coast, that's inescapable. The roads bridges piers beach infrastructure cant run. He also added we faired better than expected... well if you expected a Cat-3 or greater ignoring the data, then yes