Post
Topic
Board Altcoin Discussion
Re: Future of cryptocurrencies / regulations coming
by
cdb1690
on 06/02/2018, 18:10:57 UTC
Maybe I'm a noob or whatever you can call me, but I feel like in the upcoming years actual coins like LSK MOD, QSP, BDG etc can convert into actual stocks. It means when you have, let's say, 50 LSK you would receive 50 units of stocks worth in LSK (if the company would agree to do such conversion).
Don't you see it? It's all getting regulated, do you think that actual crypto market won't merge with the current stock market?
Your speculations, visions for the future?

Please share your thoughts.

You still can't regulate most coins at protocol level, as their underlying protocol doesn't allow for interference of third parties into value transfers. That's actually a whole point of cryptocurrency. Keep in mind, that regulating value transfer on exchanges is not the same thing as regulating the coin itself. The same is true for tax laws. So while you can create a law mandating, that people should pay taxes on their crypto profits, you still can't confiscate someone's crypto funds unless you acquire his private keys (for example, when he doesn't pay said taxes).