If regulated properly it could lead to a much more fairer system. Money can be seen exchanging hands and exactly which hands its exchanging and that could be a very powerful thing!
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If regulated properly it could lead to a much more fairer system. Money can be seen exchanging hands and exactly which hands its exchanging and that could be a very powerful thing!
Regulation? Please be serious.
When has a government ever created a "fairer" system?
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Well I mean, mass adoption is never going to happen without some form of regulation unless we're all living in an anarchist world which is most likely not going to happen anytime soon?
I think the digital world and regulations are tough to do. Inside the world, apply regulations is tough when things are decentralized. Honestly the regulations themselves is just a way for the rich and powerful to maintain more control.
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I agree but I think they will become a necessary evil for mass adoption to happen.
Regulations (KYC) actually exclude the people from crypto who need it the most. People who don't have any government ID are already unfairly excluded from banking, credit cards, Western Union and payment apps. On the other hand, cryptocurrencies like Bitcoin and Monero are liberatory, inclusive, and allow absolutely everyone to send, receive and earn money worldwide with low fees and quick confirmations. No ID, forms or permission required. All you need is an internet connection and your private key. I recently published an article about the dangers of KYC here: https://hive.blog/blog/@anarkiocrypto/the-dangers-of-kyc-in-crypto-and-daily-life-and-what-you-can-do-about-it