Maybe governments really start to do something. Scam is a scam and scam should get you in jail.
This is a really good point.
China already started something about regulating ICO.
All the crypto world would need to get clearly regulated. And then the really good projects will go on, they'll mean much more money, and the garbage will stay in the bin, else the fake devs will face the chance to go to jail.
Unfortunately I feel like most of the ones that could regulate cryptocurrencies don't understand them and are afraid of them.
I am all for cutting out the scams and clearing up the whole alt coin scene
and while China has implemented the regulation of ICO's and Japan also
what price do we all pay for that regulation?
I mean this whole thing is supposed to be unregulated and decentralised
are we moving away from that by following China's lead?
Decentralization is a pipe dream. Its not real. The banks and governments control all of the fiat gateways. Without them we couldn't use crypto for anything meaningful. Regulation and control was always just around the corner. I'm actually glad it's here now.