Even the regulatory environment has matured … With the ecosystem so developed right now, my view is that crypto is not going to go away.
It may not be there yet as a payment method, like what we've seen from our adoption rate and it will take some time to get there, but we believe that the time will come.
Of course, crypto enthusiasts want to see such adoption, but regulation? How can they regulate something that is decentralized?
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They can't, but many cryptocurrencies aren't concerned with decentralization. They don't mind being centralized not just in how they are governed but also in how they are listed. As much as many of us prefer decentralization, the fact is that for many people centralization offers convenience, and that can't be overlooked. As long as both centralized cryptocurrencies and decentralized cryptocurrencies are allowed to co-exist, we'll both be OK.
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I got it. In order to be listed, many companies don't care about the consequences of such regulation. As for me, I would rather trust the community than those regulators who can change the rules of the game anytime they wish.
Thinking about the possible scenario. Just in case the regulators already have control of these centralized exchanges and then will later pass laws that will make trading in decentralized exchanges illegal, what are we supposed to do?
That's one of my concerns, but I have no idea what could happen or what we could expect. On this question, I defer to the more senior Leos here.
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They can't regulate decentralized entities but there are plenty of centralized links that people use. So if they regulate that, it will have a similar effect. For example, regulate the exchanges and people can't get their money out.
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Yes, that's what I don't like with centralized exchanges. And besides, I think just like in the stock market, in every transaction whether you are a buyer or a seller, one thing is sure, the taxman will receive their pay.
Haha, sounded funny but it is so true. Before you even get your profit, they already have their cut secured.
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They don't care whether people lose or win. What matters is you give them their portion that they think rightfully belongs to them.
True... can't say more to that :)
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I still have !CTP 😆
Haha, thanks a lot!
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They don't have to. They can always spend crypto. Wasn't this the whole purpose of it?
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The problem is the number of ways you can spend it is limited and the off-ramps can get regulated. It's not like we can avoid all eyes.
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You don't have to off-ramp, just order a crypto debit card.
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At some point, they can always target the crypto debit card company so there is still some centralization that they can target.
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For sure. Meanwhile...
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