The BIG Question


#1

Do governments (i.e. regulators) want cryptos around? Or do they wish cryptos would disappear?


#2

As long as they get their taxes they don’t give a flying F^&* what we do


#3

I believe they are split.
They want to take part but at the same time they hope it fails. If crypto currencies overtake fiat, then obviously they want to have had a part in it. But also if it fails they can say that they always thought it would and keep business as usual.


#4

exactly, they have no idea what to do so they just say they are studying it and looking at options. I guess a deer in headlights is also looking at its options.


#5

:joy:


#6

Governments aren’t regulating BTC because they believe it can’t survive.

Don’t get me wrong, crypto currencies are here to stay, but they have to change.


#7

How?


#8

to quote @karlBLX:

"Thus, we would deal with a potential crypto currency:

• Which is Asset backed,
• Which has a steady supply of new coins/token created,
• Which overcomes the scalability issue of Bitcoin,
• Which is decentralized,
• Which reduces mining cost significantly,
• Which created internal use (necessity to own) of the cryptocurrency,
• Which has less volatility therefore can be used for pricing of assets and goods. "


#9

New York attorney general is probing 13 major crypto exchanges. https://coindimes.com/new-york-ag-probes-13-major-crypto-exchanges/


#10

this is good news. Adoption depends on trust in the platforms that facilitate transactions