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?
the government can ban crypto, this is if they feel aggrieved by the spread of crypto in their country is considered to endanger the financial system. some countries are trying to make regulations that can regulate this digital currency industry and there are also countries that prohibit cryptocurrency transactions in their territory. although basically crypto has nothing to do with government but there are so many people around the world who use crypto as a source of income. In fact, crypto has the potential to replace fiat. as you said, the government's fear of people leaning more towards using crypto than using fiat and this is the government's fear. If the government forbids it, of course not everyone will want to hear about it.Thoughts?