Quote from: SirLancelot on June 25, 2022, 08:49:28 AM

Quote from: Semar Mesem on June 24, 2022, 09:52:29 AM

It's time for cryptocurrencies to have strict and clear rules, it's been more than 10 years but cryptocurrencies don't have clear regulations yet, this certainly makes us worry about the future, as happened with LUNA which was previously ranked 10 with a price of more than $100 but only take a week to be under 1 cent.

You want regulations, or do you want centralization? What happened to Luna was a bad thing, but if you put governments on top of these projects with a justice hammer, then they will still fail if they are going to fail but now they will also be controlled by the government as well. We have fiat for that and we do not need anything else.

Sure exchanges could be under control for example, because exchanges are corporations and they are not coins, and that is why they could be obliged to follow laws. But coins and tokens should be out of everyone's control, even the project creators should release it and then have as much power as we would, not anything more.

This is the real fear. There are so many people who are willing to invest into projects that are centralized these days that they are also willing to consider a government centralization to crypto as well. I feel that there is a good chance they could end up with something that would be scary, and hopefully that will not happen as a big deal right now, it should be something they do not talk about and stay in silence.

If we have government intervention then we are going to have to face the fact that some people will spend millions even maybe more than billions of dollars into those centralized and government controlled things and this would be end of decentralization in crypto as we know it.