Antifragile
Progress not perfection
FASTLANE INSIDER
EPIC CONTRIBUTOR
LEGACY MEMBER
Read Rat-Race Escape!
Read Fastlane!
- Joined
- Mar 15, 2018
- Messages
- 3,861
Rep Bank
$6,285
$6,285
User Power: 499%
Whether you like or or not, regulation is coming.
@robjohn I think you are focused on the wrong side of this. It's not "terrible news" for all alt coins. It's just part of evolution of new tech. in the 1600 Dutch Empire brought us the very first Corporation, industrial revolution created the concept of what we now know as "employment" (before then about 20% of population were employees, the rest relied on other means of living: farming, making coffins... you get it). Corps are regulated. Employment laws were written etc. Regulation will always follow after general public gets rugged (to use NFT terms today).
True decentralization would create unique problems. But let me tell you this - it's never as good ar as bad as we think. Regulation won't solve the theft problems. And decentralization won't save the world either.
What is the conclusion here? Just like the internet in the 1990s was free and decentralized, today we have crypto based tech (web3) producing similar but better effect. Government won't be able to "regulate" decentralized platforms that are peer to peer based. But they can regulate the centralized groups that launch such platforms! And not all of that regulation will be 100% bad. It depends on WHAT they do, not IF they try to regulate. An outright ban making any participation in crypto illegal would throw all alts down the floor. But I think this is unlikely for the USA. It's a China/Russia type of move.
@robjohn I think you are focused on the wrong side of this. It's not "terrible news" for all alt coins. It's just part of evolution of new tech. in the 1600 Dutch Empire brought us the very first Corporation, industrial revolution created the concept of what we now know as "employment" (before then about 20% of population were employees, the rest relied on other means of living: farming, making coffins... you get it). Corps are regulated. Employment laws were written etc. Regulation will always follow after general public gets rugged (to use NFT terms today).
True decentralization would create unique problems. But let me tell you this - it's never as good ar as bad as we think. Regulation won't solve the theft problems. And decentralization won't save the world either.
What is the conclusion here? Just like the internet in the 1990s was free and decentralized, today we have crypto based tech (web3) producing similar but better effect. Government won't be able to "regulate" decentralized platforms that are peer to peer based. But they can regulate the centralized groups that launch such platforms! And not all of that regulation will be 100% bad. It depends on WHAT they do, not IF they try to regulate. An outright ban making any participation in crypto illegal would throw all alts down the floor. But I think this is unlikely for the USA. It's a China/Russia type of move.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
.
