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It's important to understand that heavy unhosted wallet regulation in conjunction with PoS transition pretty much ruins cryptocurrency in the US. People will be
by shiado 5y ago
It's important to understand that heavy unhosted wallet regulation in conjunction with PoS transition pretty much ruins cryptocurrency in the US. People will be forced to keep their coins on exchanges and they will not have enough coins to stake but the exchanges will stake from their wallets and claim the rewards for themselves. Then they can use the coins gained to manipulate the markets how they wish collecting fees and more coins from their clients further centralizing control.
- salawat 5y agoDing ding ding. This is why people like me have been saying, it's just best to stay away from it, or escrow everything until minds have been made up on taxation. It will be regulated. It will look like everything else in the financial system, and tooling will be made to retroactively pin down crypto transactions at the injection point into the financial system.