Quote from: Fivestar4everMVP on August 06, 2021, 10:20:41 PM

Quote from: wxa7115 on August 06, 2021, 09:56:47 PM

Quote from: Abiky on August 06, 2021, 02:23:35 PM

As crypto/Blockchain tech becomes more popular, mainstream banks and governments will be forced to take action against this emerging industry to stop its growth worldwide. They don't want to people to use crypto on top of Fiat, so we'll be seeing new tactics from said entities in order to destroy crypto for good. One of those tactics could be either banning people from trading crypto at a centralized exchange or simply prosecuting developers of a cryptocurrency project. I believe the latter option is much easier and effective for governments to put an end to crypto for good. Before devs will be able to launch a new cryptocurrency, they're going to need governments' approval. Otherwise, they could face serious consequences in the long run.

Thoughts? Huh

They can forbid it if they want, the problem is how are they going to enforce this? I mean more than a decade has passed since satoshi released the first cryptocurrency and to this date there is no reliable information that says that they had been able to track him down since he took all the precautions that he could so he could remain anonymous.

What is stopping developers in the future to do exactly the same and do the best that they can to protect their identities and release their coins anyway? To me regulation seems like the best path for the governments, otherwise they are going to make a fool of themselves.

You are absolutely right, and I align my thought with yours, it will be absolutely foolish for the government to try to stop developers from making new coins, as this isnt going to work in what ever way we choose to look at it, Satoshi and bitcoin is a very good point to reference on.
CryptoCurrency are completely decentralized in nature, which means one does not require permission from anybody to perform or use it, I and everyone else in any part of this would can create/develop a crypto coin from the comfort of the bedroom without anyone knowing who developed it if the developer decides to stay anonymous like in the case of Satoshi(is Satoshi even he's real name? Of course not).
So conclusion is that government have no power to stop cryptocurrency development, but like others have said here before, they can regulate its usage if they want.

And even the regulation they can enforce to this market is very low, after all they can regulate centralized exchanges to try to see how much money you are moving and to see how much profits you are actually getting but what are they going to do once decentralized exchanges become incredibly popular and you can trade with other people without being forced to go through KYC policies?

The only thing we need is for another visionary to create a great DEX and then disappear and the financial control they were hoping to achieve will be a thing of the past and the regulations they wanted to pass to regulate this market will be left with nothing to regulate.