I think there should be regulation on cryptocurrencies as long as they are not too restrictive. Because like you said, new people are joining crypto every day. All of them may not be aware of everything. So it is normal for them to believe in lies or deception.
I also think that "partially" regulated cryptocurrencies will be popular in the future. Because although I think regulation would be good, if we are not free enough, what difference would we have from the current banking system? I must say, Bullish attracts me more and more every day!
Well said, I agree focused regulations that focus on the absolute essentials, such as frauds and scams, would be of immense benefit, but the problem always comes when they go too far, and judging from their pass actions, I am hesitant to believe that they have the best intentions at heart, though I remain open to being wrong, time will tell the story, thank you very much for your comment.
I'm not very keen about regulations for cryptocurrencies, since they put an obstable to freedom. However, I don't support illegal affairs neither. Too many people falls into nets of frauds, and indeed there are some organizations that use crypto networks for dirty stuff. Looking from this perspective, it convinces me that there should be several regulations to prevent illegal activities. If any restrictions to come, they should be in count for greater good, therefore they shouldn't be strict enough to harm crowd.
For that I have no idea how this issue should be handled, but I believe in Bullish and what they are trying to accomplish. Hoping that everything will happen as it meant to be.
Thank you very much for sharing your thoughts, yes this is a difficult topic, because I'm sure we all can see and understand the necessity of regulations, in regards to criminal activity, but none of us want our freedoms suppressed in the process, which far too often happens as a result of regulators going overboard, time will tell this story, hopefully wiser minds will prevail, and balance will be the rule of the day, thank you very much for your comment.
It is gratifying that they are considering protecting crypto investors. But if they are going to take their share from it, it cannot be said that this is a well-intentioned approach. If they are not well-intentioned, we will still be harmed. For this reason, I find it useful to be cautious for small investors like us.
Everyone thinks that they can get rich the easy way, but in fact, if we continue to do our research and be careful, there will be no need for such arrangements and we can continue our free journey.
As you said, if the most profitable areas of future crypto investments will be regulated exchanges, Bullish is one of them. That's why I'm looking forward to where these regulations and Bullish will come to.
Well said, yes that is the $1,000,000 question, what are the true intentions of the future crypto regulators, judging from past examples, they have very rarely been altruistic in their motives, and I suspect that this time will likely be no different, but I remain open to being completely wrong, hopefully wiser heads will prevail, time will tell the story, Thank you very much for your comment.
Confidence in the crypto market is declining because of scammers. We are suffering from this. There are scams about cryptocurrencies in the news. It's really hard to tell people that the whole stock market isn't a scam just because a few people have scammed.
We always call crypto freedom, we are happy to say that it is not under anyone's control, but don't you think a regulation is necessary?
If there is no control and no regulation, I do not think that this will end well. Most of you have watched the movie The Purge, where no rules or bans are applied for a day in the movie. So all crimes are free. As a result, the world turns into a catastrophic place. So rules and regulations should always be in our lives.
The real issue to be discussed is who will make these arrangements?
It would be ridiculous for states to regulate, because each state has its own rules. For example, crypto regulation in North Korea will not be the same as crypto regulation in America, so a more global power like the UN should make the regulation.
I tend to agree with you, that some regulation is necessary if we wish to have equity amongst crypto users, and more importantly enforcement of laws for thievery, but my concern will always be can we truly leave it up to government regulating institutions, who in large part create the circumstances for massive stock market manipulation, such as in the case of mega corporate hedge funds shorting GameStop, as well as Tesla, for many years. That does not promise progress, I want to see fair and honest regulations, preferably community proposed and enforced regulations, but I am not sure that we will see this from governmental institutions, who far too often have hidden and shady intentions.
Regulation brings crypto in to the mainstream - this is what we all want. The more mainstream crypto gets, the sooner mass adoption takes place increasing demand for the assets we hold, many of which have fixed supply or modest inflationary mechanics.
It's inevitable however, that regulations will be made with the interests of powerful stakeholders in mind, not those of us the meager retail investors. This unfortunately will result in market distorting outcomes, that will benefit the few to the exclusion of the many. This is human nature unfortunately, and there is no escaping it.
Automation via smart contract and market forces will no doubt be the answers to all of this. With an end goal of removing human intervention from the markets, it must be accepted that a period of unfair regulation is the stepping stone we need to get there.
Scams and Frauds are increasing in many industries it's not just about Crypto but many industries are facing this and i support that there should be several regulations to prevent those illegal activities but if government tires to take the freedom from the investors than that wouldn't be the best situation to be in and if they gonna implement anything they should first thing about the Outcome and how the people's gonna react to it
If people gets knowledged about the Crypto and Market we can gradually decrease the numbers of Fraud and Scams cause people will get educated about this and the rate of scams gonna decrease and because of that scammer's gonna decrease too.
I believe we can't vanish the Frauds in just a day but we can reduce it in daily basis by educating the youth and new Investors
Thank you very much for your insightful opinion, you are 100% right very good example, the crypto industry is not the only industry that has scams and frauds happening, yet they seem very concerned about our comparatively tiny slice of the financial world. They quite literally control trillions of dollars of assets globally, and how much waste fraud and abuse has there been over the years due to their negligence, so how will their wise sage regulations benefit the crypto world? Especially considering that traditional industries it's so ripe with arguably more significant Ponzi schemes, and government currency manipulation, I guess time will tell the story, thank you very much for your comment.
I understand that states want to protect us. But I don't think it means well. Of course, there is a lot of fraud. But people can prevent it.
I don't think it will be manipulated very easily after exceeding a certain technology limit.
Now people will invest in technology. Is there still fraud? Of course. But as a conscious investor, we can minimize risk.
After all, there are a lot of crooks in real life. It's impossible to prevent, but it can be reduced. I personally want States not to make drastic interventions. It's not nice, especially if they're going to use it to their advantage.
Very well stated, unfortunately that is the big concern, we can all understand the need for regulation, especially when you consider the necessity of combating criminals, but the problem is they always go too far, over regulation is often one of the reasons that so many of us flee from the traditional market in the first place, given enough time crypto could very likely solve many of these problems ourselves, but I fear that we will not be given the time that we need, time will tell the story though, thank you for your comment.
States are supposedly trying to protect us. All they care about is their interests. They wipe out the people for their own benefit.
Inflation, for example. The definition of inflation in my mind is that states extort money from the public that they destroy because of their own wrong policies. They're doing the wrong thing, and they don't have any money. And it's generating new money. People's money is disappearing. What is this? That's the real fraud. You can't interfere with inflation. But in crypto, you think. If it's smart, you'll get it. There is no compulsion.
It's something I'm very angry about. This has been happening for years. I know, and a lot of people know. But no one can interfere. It makes me so angry that I can't see it and fix it. I hope you recover.
Well, you're not wrong, there is a lot of waste fraud and abuse within the financial world, especially when you look into how the Federal Reserve works, (spoiler alert) the Federal Reserve is not federal, nor a reserve. It's hard not to get angry, when you fully understand how manipulated the average citizen is, but I find it calming to understand that, knowledge is half the battle, now that you know and understand what they are doing to you, you can more clearly navigate your course to avoid their pitfalls and traps, and truly take hold of your financial future, thank you very much for your comment.
It may seem that fixing prices at a certain level is a good decision. But such artificial intervention in the economy will lead to an increase in the imbalance between supply and demand. Manufacturers will not understand how much to produce, stores will not know how much to buy, and as a result, customers will have to stand in lines at empty counters.
With frozen prices, there will be a shortage, some of the goods will not have to be bought, but taken out. In addition, the goods will become worse: in order to stay afloat and keep the unfavorable prices dictated from above, manufacturers will sacrifice quality.
When people and companies expect prices to rise strongly, they often begin to change their consumer behavior: they buy goods for future use and save less. After all, it is more logical to buy cheaper today than overpay tomorrow. Companies, for their part, are beginning to raise prices for their products. For example, a cheese maker expects milk prices to rise. To cover his future raw material costs, he starts raising the price of his product in advance. All of this is fueling inflation. It turns out to be a vicious circle: everyone is waiting for a rise in prices and prices rise precisely because people are waiting for it. So lack of financial literacy of people is the big problem too.
What you say is true. This is also a reason. But this is the sellers ' self-protection mechanism against inflation you're talking about. So what made him do this to the cheese seller? You're just saying a little part of it. Looking at the big picture, the government is printing money. Supply is rising. As the supply increases, the value of your money drops. Because of this decline in value, the cheese producer or milk producer is making a hike to protect itself. As a result, inflation occurs.
"But this is the sellers ' self-protection mechanism against inflation you're talking about." Exactly bro, that's what I say people don't understand how the economy works, that's why every person creates inflation. Step by step. I actually could write a huge article about inflation xD. Inflation is not a bad thing until the economy is developing all the time. 6% is fine, also inflation is called taxes for poors
You're more than likely right, we'll just have to wait and see how everything plays out, hopefully the regulators will not become too greedy, and try to gobble up the entire pie, thank you very much for your comment.
Bringing big companies to crypto environment, first of all, brings more people, more money to industry which is great. I already stated that crypto should be regulated and costumers should be protected. And the Bullish offers that to us, they create the perfect conditions for both crypto giants and starters. Totally agree with you, great job!!!
Yes, I suspect, that bullish will be the first amongst many in a new line of crypto corporate projects in future, and the general rule of thumb happens to be in many new virgin markets, typically the first comers grab a significant portion of market share in the beginning, thank you very much for your comment.
I tend to agree with you fully, governments are not in the business of finding solutions that will make them obsolete, that's ultimately what they truly fear from crypto currencies, cryptos done right remove the need for middle men, being middleman is the very reason for their existence in the first place, which is why they always claim to be coming to our rescue when they are about to make a power grab, thank you for your comment.
I think there should be regulation on cryptocurrencies as long as they are not too restrictive. Because like you said, new people are joining crypto every day. All of them may not be aware of everything. So it is normal for them to believe in lies or deception.
I also think that "partially" regulated cryptocurrencies will be popular in the future. Because although I think regulation would be good, if we are not free enough, what difference would we have from the current banking system? I must say, Bullish attracts me more and more every day!
Thank you for the article!
Well said, I agree focused regulations that focus on the absolute essentials, such as frauds and scams, would be of immense benefit, but the problem always comes when they go too far, and judging from their pass actions, I am hesitant to believe that they have the best intentions at heart, though I remain open to being wrong, time will tell the story, thank you very much for your comment.
I'm not very keen about regulations for cryptocurrencies, since they put an obstable to freedom. However, I don't support illegal affairs neither. Too many people falls into nets of frauds, and indeed there are some organizations that use crypto networks for dirty stuff. Looking from this perspective, it convinces me that there should be several regulations to prevent illegal activities. If any restrictions to come, they should be in count for greater good, therefore they shouldn't be strict enough to harm crowd.
For that I have no idea how this issue should be handled, but I believe in Bullish and what they are trying to accomplish. Hoping that everything will happen as it meant to be.
Thanks for article!
Thank you very much for sharing your thoughts, yes this is a difficult topic, because I'm sure we all can see and understand the necessity of regulations, in regards to criminal activity, but none of us want our freedoms suppressed in the process, which far too often happens as a result of regulators going overboard, time will tell this story, hopefully wiser minds will prevail, and balance will be the rule of the day, thank you very much for your comment.
Again a great article on EOS, thanks Apologist Bot.
Thank you very much very happy you think so, thanks for your comment.
It is gratifying that they are considering protecting crypto investors. But if they are going to take their share from it, it cannot be said that this is a well-intentioned approach. If they are not well-intentioned, we will still be harmed. For this reason, I find it useful to be cautious for small investors like us.
Everyone thinks that they can get rich the easy way, but in fact, if we continue to do our research and be careful, there will be no need for such arrangements and we can continue our free journey.
As you said, if the most profitable areas of future crypto investments will be regulated exchanges, Bullish is one of them. That's why I'm looking forward to where these regulations and Bullish will come to.
Thanks for the article.
Well said, yes that is the $1,000,000 question, what are the true intentions of the future crypto regulators, judging from past examples, they have very rarely been altruistic in their motives, and I suspect that this time will likely be no different, but I remain open to being completely wrong, hopefully wiser heads will prevail, time will tell the story, Thank you very much for your comment.
Confidence in the crypto market is declining because of scammers. We are suffering from this. There are scams about cryptocurrencies in the news. It's really hard to tell people that the whole stock market isn't a scam just because a few people have scammed.
We always call crypto freedom, we are happy to say that it is not under anyone's control, but don't you think a regulation is necessary?
If there is no control and no regulation, I do not think that this will end well. Most of you have watched the movie The Purge, where no rules or bans are applied for a day in the movie. So all crimes are free. As a result, the world turns into a catastrophic place. So rules and regulations should always be in our lives.
The real issue to be discussed is who will make these arrangements?
It would be ridiculous for states to regulate, because each state has its own rules. For example, crypto regulation in North Korea will not be the same as crypto regulation in America, so a more global power like the UN should make the regulation.
I tend to agree with you, that some regulation is necessary if we wish to have equity amongst crypto users, and more importantly enforcement of laws for thievery, but my concern will always be can we truly leave it up to government regulating institutions, who in large part create the circumstances for massive stock market manipulation, such as in the case of mega corporate hedge funds shorting GameStop, as well as Tesla, for many years. That does not promise progress, I want to see fair and honest regulations, preferably community proposed and enforced regulations, but I am not sure that we will see this from governmental institutions, who far too often have hidden and shady intentions.
Regulation brings crypto in to the mainstream - this is what we all want. The more mainstream crypto gets, the sooner mass adoption takes place increasing demand for the assets we hold, many of which have fixed supply or modest inflationary mechanics.
It's inevitable however, that regulations will be made with the interests of powerful stakeholders in mind, not those of us the meager retail investors. This unfortunately will result in market distorting outcomes, that will benefit the few to the exclusion of the many. This is human nature unfortunately, and there is no escaping it.
Automation via smart contract and market forces will no doubt be the answers to all of this. With an end goal of removing human intervention from the markets, it must be accepted that a period of unfair regulation is the stepping stone we need to get there.
Scams and Frauds are increasing in many industries it's not just about Crypto but many industries are facing this and i support that there should be several regulations to prevent those illegal activities but if government tires to take the freedom from the investors than that wouldn't be the best situation to be in and if they gonna implement anything they should first thing about the Outcome and how the people's gonna react to it
If people gets knowledged about the Crypto and Market we can gradually decrease the numbers of Fraud and Scams cause people will get educated about this and the rate of scams gonna decrease and because of that scammer's gonna decrease too.
I believe we can't vanish the Frauds in just a day but we can reduce it in daily basis by educating the youth and new Investors
Thanks for an amazing Article :)
Thank you very much for your insightful opinion, you are 100% right very good example, the crypto industry is not the only industry that has scams and frauds happening, yet they seem very concerned about our comparatively tiny slice of the financial world. They quite literally control trillions of dollars of assets globally, and how much waste fraud and abuse has there been over the years due to their negligence, so how will their wise sage regulations benefit the crypto world? Especially considering that traditional industries it's so ripe with arguably more significant Ponzi schemes, and government currency manipulation, I guess time will tell the story, thank you very much for your comment.
I understand that states want to protect us. But I don't think it means well. Of course, there is a lot of fraud. But people can prevent it.
I don't think it will be manipulated very easily after exceeding a certain technology limit.
Now people will invest in technology. Is there still fraud? Of course. But as a conscious investor, we can minimize risk.
After all, there are a lot of crooks in real life. It's impossible to prevent, but it can be reduced. I personally want States not to make drastic interventions. It's not nice, especially if they're going to use it to their advantage.
Thank you for the article.
Have a nice day.
Very well stated, unfortunately that is the big concern, we can all understand the need for regulation, especially when you consider the necessity of combating criminals, but the problem is they always go too far, over regulation is often one of the reasons that so many of us flee from the traditional market in the first place, given enough time crypto could very likely solve many of these problems ourselves, but I fear that we will not be given the time that we need, time will tell the story though, thank you for your comment.
And we, as a community, must produce time. It's like a Subathon broadcast. Time passes, but what we do can increase that time.
States are supposedly trying to protect us. All they care about is their interests. They wipe out the people for their own benefit.
Inflation, for example. The definition of inflation in my mind is that states extort money from the public that they destroy because of their own wrong policies. They're doing the wrong thing, and they don't have any money. And it's generating new money. People's money is disappearing. What is this? That's the real fraud. You can't interfere with inflation. But in crypto, you think. If it's smart, you'll get it. There is no compulsion.
It's something I'm very angry about. This has been happening for years. I know, and a lot of people know. But no one can interfere. It makes me so angry that I can't see it and fix it. I hope you recover.
Thank you for the beautiful article
Well, you're not wrong, there is a lot of waste fraud and abuse within the financial world, especially when you look into how the Federal Reserve works, (spoiler alert) the Federal Reserve is not federal, nor a reserve. It's hard not to get angry, when you fully understand how manipulated the average citizen is, but I find it calming to understand that, knowledge is half the battle, now that you know and understand what they are doing to you, you can more clearly navigate your course to avoid their pitfalls and traps, and truly take hold of your financial future, thank you very much for your comment.
It may seem that fixing prices at a certain level is a good decision. But such artificial intervention in the economy will lead to an increase in the imbalance between supply and demand. Manufacturers will not understand how much to produce, stores will not know how much to buy, and as a result, customers will have to stand in lines at empty counters.
With frozen prices, there will be a shortage, some of the goods will not have to be bought, but taken out. In addition, the goods will become worse: in order to stay afloat and keep the unfavorable prices dictated from above, manufacturers will sacrifice quality.
When people and companies expect prices to rise strongly, they often begin to change their consumer behavior: they buy goods for future use and save less. After all, it is more logical to buy cheaper today than overpay tomorrow. Companies, for their part, are beginning to raise prices for their products. For example, a cheese maker expects milk prices to rise. To cover his future raw material costs, he starts raising the price of his product in advance. All of this is fueling inflation. It turns out to be a vicious circle: everyone is waiting for a rise in prices and prices rise precisely because people are waiting for it. So lack of financial literacy of people is the big problem too.
What you say is true. This is also a reason. But this is the sellers ' self-protection mechanism against inflation you're talking about. So what made him do this to the cheese seller? You're just saying a little part of it. Looking at the big picture, the government is printing money. Supply is rising. As the supply increases, the value of your money drops. Because of this decline in value, the cheese producer or milk producer is making a hike to protect itself. As a result, inflation occurs.
"But this is the sellers ' self-protection mechanism against inflation you're talking about." Exactly bro, that's what I say people don't understand how the economy works, that's why every person creates inflation. Step by step. I actually could write a huge article about inflation xD. Inflation is not a bad thing until the economy is developing all the time. 6% is fine, also inflation is called taxes for poors
But what happens when you minimize the producer's expectation of an increase?
There's room for everything.
I believe that regulations will help get a mainstream adoption of crypto while many others will remain operating on the fringe.
Either way, crypto is the future of money and we will see many transformations along the way.
You're more than likely right, we'll just have to wait and see how everything plays out, hopefully the regulators will not become too greedy, and try to gobble up the entire pie, thank you very much for your comment.
Bringing big companies to crypto environment, first of all, brings more people, more money to industry which is great. I already stated that crypto should be regulated and costumers should be protected. And the Bullish offers that to us, they create the perfect conditions for both crypto giants and starters. Totally agree with you, great job!!!
Yes, I suspect, that bullish will be the first amongst many in a new line of crypto corporate projects in future, and the general rule of thumb happens to be in many new virgin markets, typically the first comers grab a significant portion of market share in the beginning, thank you very much for your comment.
Thanks for keeping us updated for EOS.
I hope EOS comes to the place it deserves in the market price.
It is normal for states to be concerned about money laundering and similar illegal business in crypto, but they are the ones who should prevent them.
Work can be done to make crypto more secure.
For these reasons, states are keeping a distance from crypto.
Without these security reasons, governments could now make crypto a more common means of payment.
In such environments, solution-oriented projects should be cherished, for example, Bullish.
I tend to agree with you fully, governments are not in the business of finding solutions that will make them obsolete, that's ultimately what they truly fear from crypto currencies, cryptos done right remove the need for middle men, being middleman is the very reason for their existence in the first place, which is why they always claim to be coming to our rescue when they are about to make a power grab, thank you for your comment.
Projects that try to comply with regulations in crypto may even receive support from governments.
I hope Bullish will be one of them.
Good projects about security systems will start a zero ahead in the future.
I believe that a regulation regarding crypto money markets is necessary.
We see people getting hurt about this.
I think we will soon see many regulations regarding crypto markets.
but at this point we are in a serious dilemma.
Will the rule makers interfere with our freedom by using a regulation as an excuse, or will they prevent possible fraud?
this is a really difficult subject
So how can we overcome this?
At this point, a good cooperation of market actors and rule makers is needed.
we need to get rid of the activities of fraudsters, and we should not give up the liberating power of cryptocurrencies.
Nice :)
Thank you Eos Apologist!
You're the only Bot I'm following!
Thanks for another great read and video.