Quote from: Xal0lex on December 18, 2022, 09:39:08 PM

For the industry as a whole, this can be useful, because the more regulation, the less fraud, but for the ordinary speculator or crypto-user, this is bad. Regulators will collect more personal data, introduce various limits, and the market will be trying to recover from such events for a long time and will not grow. As a consequence, many projects, due to lack of liquidity, will just die. Care about investors? But at what cost? At the cost of more regulation and centralization of the crypto industry.

Regulations will be inevitable, especially with the recent unfortunate events surrounding the crypto/Blockchain industry. The FTX collapse and the Terra/LUNA implosion will be the perfect excuse for mainstream governments (especially the US) to treat crypto with an iron fist. While this should make the space much more legitimate in the eyes of traders and investors alike, it certainly goes against what Satoshi established in the first place (which is achieving decentralization by eliminating the middleman).

I'm afraid people are going to have a hard time getting access to crypto without revealing their true identities. Most of them won't care because they have nothing to hide. But you and I know this will bring us back to the era of banks. Let's see how everything will turn out to be for crypto/Blockchain tech within a decade from now. Just my thoughts Grin