RE: SECURITY TOKENS: EVOLUTION FROM ICOS
Well here is the way I see it. Bitcoin was introduced to stop the regulation of money and take the power away from centralized banks and out of the hands of government. Putting the power back into the hands of ordinary people. But of course now it has been hijacked by the big money people again. Having said that the small investors that just want to move money across boarders without restriction can still do that. Although their money is at risk, they can still save by not having to exchange currencies. Therefore I am against regulation. People shouldn't be investing to make money but to secure a system whereby they are not controlled by big corporations or heavy taxes. If it is regulated and people start getting paid in crypto then we have a system that is worse than fiat. Because your funds can be tracked and held to ransom.
Thanks @crypto.piotr For sending me the link to this post.
Well @andygem there is a theory that if you shared all the money in the world equally to everyone, in 5 years, the money would return back to the big money people. Many early adopters aren't sound businesswise, just lucky. Some quickly sell and bolt at the first spike. The big companies use FUD to drop price and buy in.
Regulation is anti-freedom but we have to look at the pros and cons of this freedom. Not everyone has good intentions. How do you ensure the safety of investors from scammers without rules?
Yes I too have heard this theory, but it is just that .maybe put about by rich folks that dont want to share their ill goten gains. I would prefer to have a little more faith in my fellow man. I would advocate that all of a persons needs are met by the government. Shelter food water and all the necessary amenities that would be a start. There should be no homeless and no starving people on theis planet in the 21st century. Utopia I know but it should be the aim of all civilised people. As for investments in currencies, when you get paid in Fiat you dont expect it to grow in value in fact the opposite would most likely be the case. So why should we expect crypto to grow. All we need is a way to trade with each other without interference from outside forces eager to take what is not theirs.
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Lol, the government is always looking to take more of your money
And isnt that a fact.
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Well said, Andy, very well said indeed.
In the immortal words of P.T. Barnum, "There's a sucker born every minute". It is absolutely not right that we, as reasonably well-educated, reasonably well-informed, reasonably intelligent adults, should have our freedoms restricted in order to (allegedly) protect the suckers from the consequences of their own foolishness.
@redpossum true, but harsh. We have to assume there are innocent people new to crypto. They can't just be called suckers, we have to protect their interests as well.
Boom... Thanks for getting what I was trying to say in a very long winded way lol. Its not an investment scheme its a peoples currancy 😎😎
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