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?
If government really made regulation up to the coin itself, i think it will means crypto is not decentralized anymore. Because it can really disrupt crypto community itself and would make not really much variation in altcoin. It is depends on us to pick which altcoin that we think profitable for us, and in crypto itself already tell people to pick investment with analysis and research because risk is all on ourself.Thoughts?