Re:Why All Cryptocurrency Should Die in a Fire
by rvz on Saturday May 14, 2022 @09:35AM
(#31377775)
> The people certain it'll be a disaster seem just as silly as those certain it'll take over the world.
There you go. Some cryptocurrencies will survive once the regulatory framework is more clearer and settles in which will result in most the useless ones and non-compliant ones withering away.
That is the most likely outcome rather than the maximalists believing all of them succeeding or the skeptics like the one in this article believing all of them being destroyed. We've have examples like introducing KYC/AML checks for the exchanges, then unregistered ICOs were made illegal in the US (other countries to follow). It still did not put an end to crypto.
Next will be the exchanges delisting privacy coins and the likely regulation of stable-coins.
There you go. Some cryptocurrencies will survive once the regulatory framework is more clearer and settles in which will result in most the useless ones and non-compliant ones withering away.
That is the most likely outcome rather than the maximalists believing all of them succeeding or the skeptics like the one in this article believing all of them being destroyed. We've have examples like introducing KYC/AML checks for the exchanges, then unregistered ICOs were made illegal in the US (other countries to follow). It still did not put an end to crypto.
Next will be the exchanges delisting privacy coins and the likely regulation of stable-coins.