Definitely agree. while one way I hate regulation-regulation is needed for crypto to go mainstream. With regulation we can see less scams like Bitconnect. With regulation, we can see a proper market cap and a proper coin ranking. With relegation I don't need to freaking pay $50 in fees to buy $250 worth of crypto.
In the meanwhile, dexs like bisq using LN properties, pegging dex like openledger, atomic swaps aka dierclty trading of diff crypto on the LN, or smart contracts dex will be worked on and slowly be built and become popular.
Bitconnect scam is already regulated — as any othes scam is. That doesn't have anything with cryptocurrency regulation, @sames. Connection is falsely derived because the State's wet dream is to decide what will be designated as a scam, and then introduce the worst of all scams — centralized crypto that should replace fiat scam.
You can't expect “proper market cap and a proper coin ranking” from the people who have installed the greatest scam in history of mankind. It is an illusion. Market cap and ranking you can see here or here, and they will be proper once fiat disappears…
I like to disagree with you. Regulation are bad yes and will get corrupt but it will also bring new people into crypto. Bitconnect being regulated it lasted way longer than normal. While yes their are scams services like herbalife running atleast they were selling a real product. Bitconnect you were sold a promise. Regulation won't be prefect but should be better. On the issue of market cap/coin ranking those don't take account of volume or the community and dev. The coin ranking can be faked. Replacing fait won't solve that shit. With regulation a consensus of what defines the coin market cap can be reached by investors. The top 50 coin=the market cap of the cryptomarket
Proper coin ranking can be reached such as a new system of taking account of diff prop not only price*coin amount.
See my answer to @cicbar, @sames. All the necessary regulations already exist. Anything above it is CONTROL, and is not wanted, nor will not bring new people into crypto, but will pave a way for the worst possible scams — state scams.
Are you aware of the reason why decentralized cryptocurrencies have been made?
Yes I am aware why decentralised cryptocurrency were made. Yes I even admitted there will be the chance of state scams-read my comment @lighteye
But it will bring new people to crypto-not many people are like us loving the idea to be free completely from control. Here my question give some a taste of freedom or block that taste by making it harder for them to get it?
I want to see a decentralized world. In fact I love Dexs like bisq and forkdelata. I love bitcoin and won't give it up.