Quote:
Originally Posted by Slava
You know what else is a problem in the "real financial industry"? Knowing the value of the asset on a consistent and stable basis. Regulation and oversight. The truth is, no serious business is going to accept crypto today at say $40k, when tomorrow it could be valued at $25k (or whatever). That's just way too risky and creates way too many issues to manage.
The big thing though, is regulation and oversight. If there was some, and people could trust that there was something behind this, or someone looking it would see a much greater uptake. Of course, the reason a lot of people love this and think that it's amazing is the lack of regulation and oversight.
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That is changing though and will continue changing going into the future.
The whole talk about crypto being outlawed is laughable.
It is here to stay, and governments are already quite capable of regulating it. With time we will see better oversight and better regulations.
I get all the concern about dishonest activities, but its interesting how people just ignore the whole money laundering issue in Canada using CDN. Just because it is happening in front of your eyes doesn't mean we don't have billions of dollars of criminal activity being facilitated through CDN transfers.