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I'd be curious to read anyone's thoughts on what would have to happen for crypto to improve its image at this point. Would being regulated exactly like traditio
by YossarianFrPrez 4y ago
I'd be curious to read anyone's thoughts on what would have to happen for crypto to improve its image at this point. Would being regulated exactly like traditional banking / finance be enough? More regulation? Would it be regulation + lower rates of fraud, hacks, collapse, and abuse? Or something else I'm not thinking of?
- can16358p 4y agoTransparency. Crypto has almost everything needed to be fully transparent with a public ledger but exchanges (CEXes) still operate behind closed doors.
- winternett 4y agoDepositor Insurance probably... But still, every single promise has been burnt in the crypto world.
- YossarianFrPrez 4y agoOoh, that's a good one. Who on earth would underwrite such a thing?
- petesergeant 4y agoIt would need a legal, non-speculation use-case that isn’t much better solved by extant centralised systems