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Author Topic: What's the biggest problem that blockchain facing now?  (Read 830 times)

Offline DanielMidy

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What's the biggest problem that blockchain facing now?
« on: August 27, 2018, 07:41:30 AM »
Coinbase UK CEO: Lack of regulation is the biggest problem digital currencies facing now.

What do you think?


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What's the biggest problem that blockchain facing now?
« on: August 27, 2018, 07:41:30 AM »

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Offline densuj

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Re: What's the biggest problem that blockchain facing now?
« Reply #1 on: August 27, 2018, 07:51:17 AM »
Quote from: DanielMidy on August 27, 2018, 07:41:30 AM
Coinbase UK CEO: Lack of regulation is the biggest problem digital currencies facing now.

What do you think?
I don't think regulation is the biggest problem digital currencies now, it is new innovations in currencies digital currencies can not be regulated by the government at least they are difficult to be regulated by other such as the bank, we know digital currencies are decentralize and because of it digital currencies be addopted by the people as currency right now.
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Offline Speaker

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Re: What's the biggest problem that blockchain facing now?
« Reply #2 on: August 27, 2018, 09:10:46 AM »
I fully agree that without a clear regulation we are waiting for only chaos and manipulation in the market. In such circumstances, it is impossible to predict anything and understand where the market is moving.It can artificially collapse at any time!
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Offline DanielMidy

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Re: What's the biggest problem that blockchain facing now?
« Reply #3 on: August 29, 2018, 05:03:10 AM »
Quote from: Speaker on August 27, 2018, 09:10:46 AM
I fully agree that without a clear regulation we are waiting for only chaos and manipulation in the market. In such circumstances, it is impossible to predict anything and understand where the market is moving.It can artificially collapse at any time!
You are right, without regulation, blockchain industry is filled with frauds, scams. So govr should be involved and clean out the criminal acts to build a righteous atmosphere. But blockchain is decentralized, operating on citizens' consensus. So in terms of the core of blockchain, govr should be meaningless cuz the supervision power is made of all citizens. So, it's contradictory when the govr take control of the industry. But as a new industry beaten by the flawed mechanisms, it does need a relative righteous power that owns rather trusts to take control for a while until it's on the right track.
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Online Zed0X

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Re: What's the biggest problem that blockchain facing now?
« Reply #4 on: September 04, 2018, 09:48:05 AM »
Quote from: DanielMidy on August 27, 2018, 07:41:30 AM
Coinbase UK CEO: Lack of regulation is the biggest problem digital currencies facing now.

What do you think?

I would agree to this. We are now at a stage where government regulations has to be set in order for blockchain and crypto to move forward.
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