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RE: Number of websites hosting cryptocurrency miners increased 725% in just four months
This sort of thing is the reason why regulation will end up being forced on the cryptomarket. I can see anonymity being the main thing targeted by regulation.
That and what a cryptocurrency is in terms of investor rights (= none). This is to then protect the majors when coming in and buying out blockchain companies (for way below the market cap and without honoring coin holders investments).
None of that is doom and gloom. Crypto is the future and blockchain is internet 3.0. it's just going to get ugly at some point (it's business afterall).
I agree with most of that, however nobody really can 'buy' or cease a public distributed blockchain as it exists on distributed PCs around the world. The regulation will focus on transparency of trades and it's kind of easy to impose on centralized exchanges, I'm however not sure about decentralized p2p ones.
Thanks for the comment!
Yeah we’ll need to agree to disagree on that one point. I can see acquisitions in this markets future. I don’t see companies honoring coin value because market cap is inflated and rebuilding a decentralized network is the easy part if you buy software that once sustained a network. Incentives drives networks.
Regardless, its going to be an interesting few years. Thanks for replying.
"rebuilding a decentralized network is the easy part" - i think that's the hardest part. Most of the known blockchain code is open source, take the steemit as an example, you don't even need to build it from source, there are docker images available for download, you can setup a Steemit clone running in no time with a little skill and resources and fully legit as it's published on MIT license. Why nobody's doing that? Well, because it's not only the software but mainly the communities which make blockchain projects successful.
Sadly everyone is doing it. How many coins exist? How many ICO’s are occuring? When I say software I meant the software distributed on user’s systems. So you buy the software, dishonor the coin and then add your own circulation with coins as a currency not an investment. It sounds unfair but I do think that is why cryptocurrency is being labelled like fiat not stock.
Sorry for my lack of clear explanation earlier. Getting software on systems is very hard, hence the reason I believe majors would buy the install base rather than use open source to build new.
Plus know this is only my naive opinion. I will probably be very wrong.