It's been five years and I haven't yet witnessed this aggregate market become largely fragmented. What kind of message would be sent if icos could be successfully targeted, regulated and stopped?
Even with the last decline from 2014 to now the market and it's induced segmentations remained quite unified overall with regards to overall price movements.
Even those cryptocurrencies totally devoid of any unique programming have managed to be dragged along with the rest of the tide.
I am first and foremost all for the prevention of icos becoming hypernormalized but with the sec and other financial regulations bearing down on the market, being put up against a new bound in technology, exactly what could they do currently and what ways would they take in which to get it done?
I mean, specifically, where does the sec derive its power from? If its basically policing the entrances, exits and houses under which regulated trade is conducted then they will necessarily be in for a coming adaption.
This technology has the proven ability to entirely displace existing company share distribution (securities as we know them) and exchange methods currently exercised and its medium isn't necessarily secured by a lawful third party designate or human-tended balance sheets. It's secured by a ledger that isn't exactly under their thumbs as nearly as much as a physical construct in which sheets are exchanged.
While I agree that playing nice with existing financial constructs will enhance diffusion into the psychological and physical norms, there is an even gnarlier gap in existing legislation for this market. Effectively - I'm expecting that it really will be 10-20 years before some even begin to catch up wrt to legislation.
What type of statutes limit them past decades? Does it go as far as social security in basically wrecking intergenerational wealth paradigms? Can they demand reparations from a likely well off progeny if there's nobody else to go after?
Also exactly how does any of this fit in with the debt crisis vs hyperinflating dollar if both crypto legislation and hyperinflation occur in 15-20 years?
Personally I don't think the SEC will be able to keep up, but whatever is formed to regulate the likely coming one world currency will. So how would that play out?