Decentralization is one of the greatest dreams of Satoshi looking at the how the blockchain technology and its immutable distributed ledger has been designed. Well it saddens my heart that the greed of men has led to the abusing of this freedom and liberty that Satoshi wanted us to have in the financial industry. Look at the way people are being scammed and robbed in broad day light just because crypto is embedded in anonymity and decentralization. I think we've all had it to the peak, how about we have some level of regulation with the activities in the crypto industry. Share your thoughts commrades.
Everything has its own drawbacks because there are no perfect systems, and there will always be people that will abuse it for their own benefits, in this case hackers and scammers are abusing the decentralized nature of Bitcoin so they can be almost impossible to be traced but there will be no activities like this if people will not let it happen. The reason why people are being victimized by this is because there are people that are not knowledgeable enough on how they can secure their Bitcoins, while some are being scammed or hacked because they are careless on where to put their Bitcoins, thinking that 3rd party wallet providers are safe to store their Bitcoins in long term. And even with good regulations this kinds of illegal activities will still exist.