You are viewing a single comment's thread from:
RE: Crypto shopping cart - 18 April
Yeah it seems ok, I had a look at some of their other vids and all looked ok. Could be a good investment, buy their stock, yes, let people copy your trades for money, yes, use it to copy other people, NO ! lolol :-)
The only thing that would worry me long term is if they end up getting legislated out of existence in the future. I think heavy government regs are just around the corner and they'll be going after people who trade crypto on margin and outfits like the one in your post. They've already started on Forex companies, new rules due in a couple months which is going to cripple retail trading, crypto won't be long after.
The beauty of crypto its decentralised nature. If the country they are headquartered in becomes too unwelcoming, they can simply move the headquarters. Binance is the biggest crypto exchange, they recently did such a move.
You can try to make your residents comply. But unless they know that Mrs 6fhTd4bIdwl7WjOAi88wplNfDf23fsgB20fGl happens to be you, there is not much they can do to stop you, especially if you know how to use things like a VPN or the Tor browser. And Mrs 6fhTd4bIdwl7WjOAi88wplNfDf23fsgB20fGl can easily change her identity at the drop of a hat. In fact, many crypto wallets automatically use a new address for each transaction.
As long as one country remains friendly towards crypto and linked to the internet, crypto will be impossible to regulate (or at least to enforce those regulations). Most crypto coins run their networks on a series of nodes: large investors who operate what could be seen as the crypto equivalent of a PC server. You could kill every node on the continent and the networks wouldn't even blink, they are designed to handle it.
See why I love this tech so much and see a bright future for it? I swear to you, I'm just being realistic.
I know the individual can play cat and mouse forever with crypto and the Government, but they're going after the companies that provide crypto services, not individuals (at least in the west so far).
Once some of the larger companies get established it might be difficult for them to just up sticks and move it all to Iceland or somewhere. For that reason, I don't think I'd want to be invested in any companies with headquarters in Silicon Valley for example, or any western country for that matter.