This is both an interesting and, possibly, oxymoronic stance.
The Post-Terra Era: Incentivising Innovation and Longevity Through Regulation
Is crypto suffering from the same problem that it was once created to solve and how can we address the issues of systemic risks and unsustainable financial models that led us to a crisis of epic proportions?
We are witnessing the growth of crypto, culturally and otherwise, via mainstream adoption across various sectors including art, film, and business. The onboarding of institutional investors into the industry has accelerated this adoption. BlockData reported that of the top 100 listed public companies, 40 have invested in blockchain & crypto companies between September 2021 and June 2022, including financial empires such as BlackRock, Samsung, and Goldman Sachs. Each major investment bridges the gap between traditional financial markets and the emerging crypto market, but widespread adoption will only be meaningful if the industry is willing to confront some of its fundamental issues.
The article largely blames unregulated leveraged lending! I keep seeing truly terrible, and terrifying, algorithms heralded as the next big thing - more like the next big crash!
Does regulation completely undermine the premise on which crypto exists, and to what extent? Is there a balance or tradeoff we are willing to accept?
There is a huge amount of greed and ignorance to wash through; no different to mainstream finance. I think there need to be very clear silos where new structures and algorithms can be developed and tested.
There is a business truism that the best tech does not always win the commercial battle - witness the popularity of the deeply flawed uniswap-style pools. In an environment where the tech is the product it becomes dangerous for substandard products to become popular.
Maybe, in crypto, the best tech will win, but this far from clear. Also, over-regulation now, supported by behemoths such as BlackRock, will create products that will "disrupt" nothing at all, but further cement the rule of old-money.
Politics and money seemingly now joined at the hip.
now? always were.
regulated innovation.
glass could never be invented now, as far too dangerous ;-)
money wasn't always tied to politics, in the beginning it was just a means of exchange of goods. Politics got more involved when it came to international exchange of goods and not just us peasants buying some cabbage from the bloke down the road.
Really? So, how was every empire funded and maintained?
taxes from the sweat and hard work of the prolitariat I guess. Feudal system where no-one owned anything except the elite. Hmmm where have we heard that before? They weren't even bothered about being happy back then tho LOL
Taxes even existed before money ;-)
https://almanac.upenn.edu/archive/v48/n28/AncientTaxes.html
Yup fascinating and looks like we're coming full circle again to you will own nothing coz we can take whatever we want. Happy? Pffff
Taxes have always been daylight robbery from the poor to the rich.
Nice find BTW.
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