RE: Regulation is Killing the Crypto Market...And the Spirit of the Blockchain Entrepreneur
I never did understand the talking point of "crypto is a decentralized currency....etc..etc.." Yes the nodes are decentralized physically, but the ledger is central to every machine, node, and user in the network. The currency itself is the centralized medium of exchange that exists in the network. I knew that governments would look at the exchanges and nodes, realize that they all share a common record of transactions, and come for their pound of flesh. The crypto community will respond with " well that sucks, oh well, I am up %10,000 so.." and a new absolutely in-escapable money / tax harvesting system is born. Eliminate the cash at that point and it looks real ugly out there.
People need to stand up and resist any attempts by the criminal cartels called governments to force rules on these systems because they will surely change what is free and voluntary transactions now, into draconian transaction hell if they have the chance.
=)
I think XMR has the right idea.