THIS is why the government is getting involved in regulating crypto. Operations like this....
Makes it hard on the rest of us...
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THIS is why the government is getting involved in regulating crypto. Operations like this....
Makes it hard on the rest of us...
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Yeah for all the bitching we do about the regulators, the industry did nothing for years to police itself. Instead, we played the game like it was a casino and were more interested in mooning and Lambos instead of changing the system.
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In that sense, we did it to ourselves; now we have to deal with it.
That's what it means to be responsible in a decentralized world. Crypto lets us BYOB, but we must accept the responsibility to BYOP as well. ("Be Your Own Police.")
Like that famous quote from Spider-Man, greater freedom requires greater responsibility. Greater freedom also requires constant vigilance.
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Yeah well people turned into scammers and hackers instead of realizing the opportunity. Most everyone who was anyone was either in on it or looked the other way.
Most of the household names in crypto are to blame since few spoke out.
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They are only starting to go after it now when the money is there. I think the shutdown of the major infrastructure made them rethink leaving crypto alone.
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Crypto are new startup fad. Create product get VC funding and sell it to first buyer and exit.
I think more fake coins and CEFI comes in regulations are bound to happen.
They will happen, and they will fade away when the fad is played out. Left will be the rock solid cryptocurrencies which can take a beating and stand up to keep moving forward.
Unless every jurisdiction on the planet outlaws cryptocurrency, Bitcoin isn't going anywhere, and neither is Ethereum, and with them will be Hive.
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It was bound to happen and the easiest way for the regulators to hit things is obviously the exchanges. I don't like it as much as the next person but we can probably expect more KYC.
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If there's going to be more KYC, there needs to be more Monero and alternatives to Monero.
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Only for those who want privacy but unfortunately yes. The problem is that banks are the gateway out so I fully think they will be the botteneck.
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The gateway is the weakness for cryptocurrency. Not just the gateway, but the gatekeepers as well. Those gatekeepers will not relinquish their positions without a struggle or war.
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