I'm falling in love with these guys lately - they have some really cool ideas.
Anyways, here's where I come from:
https://cryptotradernews.com/cryptocurrency/how-crypto-should-be-regulated/Key highlights:
Utilizing the underlying tech of virtually every cryptocurrency, we can police our own. With blockchain, smart contracts, and the very same miners currently working to provide the heart of Bitcoin, Ether, XRP, etc., etc., we can eliminate virtually every scam ICO as well as ensure that exchanges and wallets are adhering to industry requirements.
It really boils down to one of the most basic set of commands known to man If, Then, Goto, and Else. Except now we have the power of smart contracts where we can ensure that the parameters are completely met along the way, and we can verify these requirements via the blockchain at any given time.This truly is how we can regulate Bitcoin and virtually any currency isn't it? I mean we already have the power it's just a matter of putting all the pieces in place.
Thoughts?
It's easier said than done! The structure of cryptos are built such a way which makes it very hard to put a surveillance framework in place! But not impossible though!
You will mostly find supporters of freedom here but I do have a different kind of thinking for cryptos. That's the reason why I absolutely support the below statement,
The world of crypto should embrace regulation!
Only regulation can bring the best out of crypto! Crypto needs adoption to grow and adoption can only happen with regulation and nothing else! The day we will be able to buy groceries with crypto or pay for the public transport, can only help to grow the market!