Re: Will governments prohibit developers from creating a new coin?
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?
Thoughts?
I don't think that there is any way to stop devs from creating new crypto projects even if countries would try really hard to do that. I mean let's say a country would really ban crypto projects totally and would also forbid to develop crypto projects then developers in this country could still create a blockchain project and once it's finished launch it from another country via VPN or something. That is just the same that is already happening with some Websites that can't be accessed from certain country, just use a VPN and simulate that you are from another country and you can access the website. It could only be a problem if the devs get caught during the programming of the project.