We are just seeing a big market consolidation, only the very strong will survive and DRK has come up pretty good if you ask me.
The scamming is not Crypto's fault, it's human nature.
You take a poor village in a remote part of the world, give them an internet connection and an unregulated money supply, they will do everything in their power to scam everyone they can. They will rationalise it too by taking the "we are poor and they are rich" stance.
You also lose a lot of empathy and compassion behind a computer screen, so the average Joe that wouldn't dream of snatching a purse from an old lady, is quite happy be more adventurous online under the guise of "It's an Open Market".
So there is the state of modern crypto.
You've got your right wing traditionalists that wont even touch Crypto without compliance and regulation in place, you have your left wing libertarians that will resist any form of control points or regulation, the real solution we end up with in 10 years time will be somewhere in the middle.
The scamming is not Crypto's fault, it's human nature.
You take a poor village in a remote part of the world, give them an internet connection and an unregulated money supply, they will do everything in their power to scam everyone they can. They will rationalise it too by taking the "we are poor and they are rich" stance.
You also lose a lot of empathy and compassion behind a computer screen, so the average Joe that wouldn't dream of snatching a purse from an old lady, is quite happy be more adventurous online under the guise of "It's an Open Market".
So there is the state of modern crypto.
You've got your right wing traditionalists that wont even touch Crypto without compliance and regulation in place, you have your left wing libertarians that will resist any form of control points or regulation, the real solution we end up with in 10 years time will be somewhere in the middle.
That's what they always say.
When you allow one entity to place just one regulation, the president is set for that entity to regulate in the future.
The problem with crypto is not the scammers, it the foolish sheeple that jump all over the next pump and dump coin to make money.
I see it every day. A new fad coin comes out, people on the first page "I'm in" "To da moon" "next this" "next that".
How can a "scammer" resist?
I have not once been scammed, why? Because i'm not here for a quick pump and dump and X10 my money.
Regulation's are just the mafia's rules, fuck the mafia!
Whether this is just a really bad run we are having or the regulators themselves hiring shills to cause disruption, we need some regulation.
Who will regulate the regulators? That's a large problem we are facing.
How do we regulate without destroying the essence of Crypto? Is it even possible?
Thanks for that!
