Post
Topic
Board Bitcoin Discussion
Re: What happend.....
by
The Pharmacist
on 28/04/2020, 13:35:38 UTC
Governments are trying to take back control with regulations and taxes.
Exchanges requiring ID (KYC) etc. (hahahahaha fail)
Developers are requested to make themselves public
Previously rather unknown people. but with success in crypto, are for some reason seen as some sort of "Messiah" (binance dev for example)
1) Governments were never going to allow crypto to remain in its Wild West state.  Never.  I'm actually surprised that there aren't more rules and restrictions than there currently are.  In a lot of ways, we're still in the early days of crypto.

2)  Exchanges aren't requiring KYC docs because they want to (as far as I know).  They're doing that because they're being forced to by the governments in whose jurisdictions they operate.  Exchanges don't have a choice, and I can't fault them for implementing KYC.

3)  I don't know what you mean by developers requesting to make themselves public.

4)  Yeah, there's a lot of that "cult of personality" in the crypto space, which I don't particularly care for.  I'm not interested in personalities and generally don't believe anything people have to say--even less so when they have a "big" name attached to their words.

So why the hell.... Do we (community) go along with all that crap?
The community doesn't have a lot of choice as far as the regs governments put in place, and it's unfortunate that there isn't a big political crypto lobby like large corporations have.  And as far as the 4th point is concerned, I've found my own solution to that (see above).