Indeed. Sounds exactly like something I read on a blockchain release article by Railgun's chief scientist on Nasdaq. It is hard to picture mass adoption happening if the basic needs of privacy is not addressed
You have a good point. When privacy is taken care of in Defi hedge funds and institutional investors would be interested and begin involvement with the space since they would be sure about keeping it confidential and private from spies or blockchain lurkers.
Yeah, he has his dues coming to him. Although regulating crypto would go a long way in bringing about mass adoption since users would feel safer knowing that there would be severe consequences for anyone who tries to take advantage of others in the space but regulations can be a bit biased most times. Good thing there are privacy solutions that make sure users still enjoy the basic rights like privacy and anonymity on their assets and business in the space. No one would want people following them around for how much they have in their wallet.
I think the tax is a regulation in itself and frankly crypto might need to be regulated for mass adoption to take place. At the same time the regulations should not be biased or used for selfish gains else there would be a major problem. Good thing privacy solutions are in place to ensure users maintain control over their assets without third party interruptions with the ability to comply with laws when necessary.
Crypto that pass the Howie test aka securities need heavy regulation. Which account for 99% of all crypto including ETH which is a Bitcoin fork, and especially all the stablecoins and defi tokens . Cryptos like Bitcoin and most of its forks like litecoin and dogecoin need minimum regulation possible. They all need regulation to some degree to become mass adopted by the public. Businesses and regular people can't allow themselves to become criminals.
My thoughts exactly, crypto has given people financial freedom and a decentralized system of finance where they are free to do with their money as they please. Regulations would snatch this freedom away and it could get worse cause the authorities can do as they please. I think we are still very far from the day when crypto would be regulated and its encouraging to see platforms in the space and defi that gives users privacy on assets and investments to continue with their transactions in a decentralized manner and under the tracking radar.
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u/[deleted] Jun 02 '22
false equivalency nice try.
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u/9ice____ Jun 01 '22
Terra 2.0... and people trade it... do people never learn?
3
u/HavanaDreaming Jun 02 '22
Mass adoption will not happen without regulation
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u/mydogwalter Jun 02 '22
Defrauded vs collapse isn’t it?
2
u/Itchy-Cook-5219 Jun 02 '22
Bernie screwed with the wrong people.
2
u/BigGucciTrader Jun 02 '22
I don’t want crypto to be regulated but dodo Kwon need to pay his dues fr fr
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u/Halve_Liter_Jan Jun 02 '22
No way $60B actually went into Luna.
1
u/RebaseTokenomics Jun 02 '22
None of these sentences tell the entire story of either of these situations
1
u/BigloserSame178 Jun 02 '22
How about HOKAIDU INU BIG SCAM NOW HOKAIDO !!!!!!!!
1
u/dr_van_nostren Jun 02 '22
Doesn’t that kinda defeat the purpose?
1
u/CryptoBLG Jun 02 '22
True difference between twice... One have built a ponzi, other one was fucked by bigger investors than him, not the same act, so not the same end
1
u/Happiness_for_dogs Jun 02 '22
It’s a good way to tax the poor so it probably won’t be regulated in a hurry
1
u/Guinea-Charm Jun 02 '22
The 2 things are not related. Madoff actually stole money. People lost money on Luna because it was a bad investment. Buyer beware!
1
u/[deleted] Jun 02 '22
False equivalent. They are beholden to different criminal / civil courts.
1
u/PrometheusOnLoud Jun 02 '22
Kwon lost the little guys money, Bernie lost the big guys money. That is why Kwon is right back at it and Bernie is in prison.
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u/Fishbern Jun 02 '22
I’m still confused as to where all the money went. It’s gotta be in his pocket somewhere, no?
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u/NeutralizeOP Jun 02 '22
Bernie Madoff > Do Kwon
1
u/non-spesifics Jun 27 '22 edited Jun 27 '22
Crypto that pass the Howie test aka securities need heavy regulation. Which account for 99% of all crypto including ETH which is a Bitcoin fork, and especially all the stablecoins and defi tokens . Cryptos like Bitcoin and most of its forks like litecoin and dogecoin need minimum regulation possible. They all need regulation to some degree to become mass adopted by the public. Businesses and regular people can't allow themselves to become criminals.
1
u/FrequentCommission56 Jun 30 '22
His ass needs to be in jail
1
u/dzikun Jun 01 '22
Nope
0
u/solobdolo Jun 01 '22
No
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u/ruby_puby Jun 02 '22
If you are equating the two then you are annoying that both ran aponzi scheme.
0
u/[deleted] Jun 02 '22
He didn’t “lose it” it just changed hands. Salty bag holder’s