Sincere Proof-of-work distribution does not present this problem. I explained why
in my posts.
Of course it does, mining could be considered unlicensed business.
Running a full node could be considered aiding moneylaunderers, etc..
You do realize that the law is so complex and insane that they can essentially nitpick any single point and ban the whole thing.
It's up to people to resist this. People have to realize that the law is not a fixed thing. The opinion of judges and prosecutors vary depending on the political envionment. Parliament members then have to react to this and rework the laws.
I have explained very well in an older post of mine, that if you really think about it, everything is illegal. It's just that the State doesn't have a cop for everyone to put in jail everyone, otherwise everyone would be in jail already:
https://steemit.com/law/@profitgenerator/if-everything-were-illegalOf course you can't put everyone in jail, since it's logistically impossible, thus you end up with concentration camps. This is the endgame of tyranny. People didn't resisted Hitler and we know what happened then unfortunately.
It's all bullshit, and it totally depends on what people put up with or not. And it's pretty hard to put down a decentralized community.
Thus this time the law will reflect the opinions of the public, and not the other way around. You can already see this how politicians everywhere are "legalizing" cryptocurrency. They just can't put up with it.
Those who must do scammy and illegal things, will not successfully reform the government.
If there is no victim , there is no crime. Who exactly is the victim here?
Because the voting revenue model sucks and is dominated by whales. And because the audience is tiny. The hen-egg problem is a serious problem.
The app revenue and onboarding model is one the main facets where my project to replace Steem, will excel over Steem.
So you really think that whales will not submit to public pressure?
I mean if a big youtuber comes with a 500,000 audience over to Steemit, don't you think that is a lot of social capital to put pressure on whales with?
Ostracism and public shaming is the only way to keep order in a free and voluntary society. So if you have free speech, you can fight back against uneqal opponents if either you have big influence or band together with others.
We already have Russia, China, Singapore, Hong Kong, South Korea, Canada, UK, and USA warning about further enforcement coming against ICOs. They all caved in for FATCA as well.
Ok I am not goin to argue with you laws, since I am not familiar with them.
But I do believe the BRICS and the ASEAN countries have their own agenda.
It looks to me like a giant capital control system. China banned CNY trading since they have horrible capital controls already in place. They all look for their own interests.
But there is erosion of power since Steem is mostly inflationary and % power is directly funneled from early holders to authors or new investors.
Most early holders with big balances don't post since they are afraid that their account will get hacked so they probably dont login often. I havent saw many big whales posting, but only curating.
Thus money over time is directly funneled from early holders to authors. Then you also have new investors who buy Steem, and due to the pressure, you have the whales selling Steem.
So I doubt an oligarchy will form in Steem. It's too dynamic, and there is no Government to impose a monopoly. Usually most oligarchies form due to Govt regulations.