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> Will Crypto be regulated I don't think it would solve anything, you'd remove the effect, not the cause. What draws people to crypto is deflation. People lov
by ObserverNeutral 5y ago
> Will Crypto be regulated
I don't think it would solve anything, you'd remove the effect, not the cause.
What draws people to crypto is deflation. People love deflation, they gravitate towards crypto because deflation is hard built in protocol and it brings about financial nirvana for the saver: that is being able to increase one's net worth without doing any tangible work, manual or intellectual.
You can try to remove it but efforts will fail and it will take a whole lot of effort just to prevent it from getting bigger.
The government pretty much gave up on removing drugs, cash, tax evasion..
Crypto is the same thing, great for the individual, but very bad for society. Tragedy of the commons can't be solved , so the work is to contain because they can't extinguish it.
Better yet it can be extinguished but it would require government to do the one thing it can't possibly do:
A similarly deflationary dollar