Quote from: TheUltraElite on Today at 06:47:11 AM

No bro, you are getting it wrong. If you regulate the system the problem of money grabbing second hand scum projects will reduce. Sure the government might want some developers making projects in tune to their needs but that is better than ton of scam projects ruining the name of crypto all over the globe.

Care to explain what you mean by regulating the system? you also said government-backed regulation on the prior posts, what do you mean by it? I think we didn't quite connect about that.

My take is, I do agree regulation is inevitable for cryptocurrencies spaces. But regulation comes in handy when it is used/needed as a by-product of the cryptocurrency project, whether it is a solid project or a worthless project.

I think we should making barriers to entry to create cryptocurrencies project is low enough. It will make the market crowded therefore only the most potential project comes out at the top, and also it might be some kind of innovation-ideas for others to be able to make better things. On the other hand, Of course, there will be someone who gets lured by shitcoins and scammers since that kind of project is keep popping out, but I do think the good outweighs the bad.

Quote from: TheUltraElite on Today at 06:47:11 AM

~snip Rather it is make sure that project that have no value are keep weeded out from the mainstream. Of course this leads to scam projects going for niche populations who dont follow this, but very soon they also understand whom to trust and they shun such projects too. You can compare this with the scams that run in a country's underbelly while the legit projects only run in the light.

Weeded out from the mainstream because of regulating it? I mean we already seeing it now even without regulating it, the only cryptocurrencies project that stays at the top are the one that is more useful.