Can crypto be regulated globally without sacrificing decentralization?

[Publictalk792]

Many people worldwide now know about and use cryptocurrency so it is here to stay. Trying to regulate cryptocurrency might just push it underground making it harder to track. But decentralization means people can still access and invest in cryptocurrency from anywhere. Instead of fighting it governments should find balance between protecting users and allowing innovation. This way they can create rules that help cryptocurrency grow safely. Future of cryptocurrency depends on finding this balance between freedom and responsible oversight.

[target]

This is because we are used to have rules and we agree to some rules that makes things centralised to a point. But if there is no regulations and nothing can stop a transaction or freeze an account.

CEX does have the power to block and hold the funds if they see these coins are acquired suspiciously. This makes the crypto curr ncy centralised even when th Blockchain is decentralize.

[0t3p0t]

I think not the crypto itself but exchanges are being regulated since it was the only thing that freezes our funds when they see something suspicious with our transactions. I've seen this thing a downside if we are gonna store our funds on centralized exchanges because anytime they can do things we don't like. That is why I still prefer non-custodial wallets so I can still utilize decentralization without any problem.

[densus88]

I think not the crypto itself but exchanges are being regulated since it was the only thing that freezes our funds when they see something suspicious with our transactions. I've seen this thing a downside if we are gonna store our funds on centralized exchanges because anytime they can do things we don't like. That is why I still prefer non-custodial wallets so I can still utilize decentralization without any problem.

If we do fair transactions, I don't think we need to think too much about it. We don't need to be afraid that our assets will be frozen on the exchange. I also store assets on the exchange to trade and until today it is still safe. While my main assets, I store in a custodian wallet because I think that is the safest thing to do.
the government can only control their local exchanges, but on global exchanges they must have permission and have cooperation with the authorities.

[rby]

This is because we are used to have rules and we agree to some rules that makes things centralised to a point. But if there is no regulations and nothing can stop a transaction or freeze an account.

CEX does have the power to block and hold the funds if they see these coins are acquired suspiciously. This makes the crypto curr ncy centralised even when th Blockchain is decentralize.

Cryptocurrency started with Bitcoin and the man who created and introduced Bitcoin Satoshi Nakamoto was trying to solve the problem of decentralization but instead of following his footsteps and teachings about decentralization, most users of cryptocurrency today now prefer using CEX in their transactions thereby minimizing the idea behind the innovation of cryptocurrency. Cryptocurrency wasn't made to be regulated by a third party and for you to do that globally, decentralization will surely be sacrificed

[erus]

We know that the government's principle of managing this spatial plan is a bit contrary to the decentralization principle of cryptocurrency... some of us have little hope for mass adoption of cryptocurrency, while we also realize that the concept of cryptocurrency is very much contrary to what the government expects...
Is there no solution? Is decentralized cryptocurrency really not globally adopted?

Let the water flow as it is because the water from the mountain goes down to the estuary, that's what I hope for.
Let crypto become decentralized so that there is no third party interference that can cause losses.

I agree more with decentralized crypto because I can secure my own assets with my own security. I don't want my assets to be known by other people or third parties. My assets are mine and your assets are yours.
I have this principle because sometimes the government is not fair to the policies created by the government for its people, especially when it comes to crypto, which is certain that one day a worthless coin can also become very valuable, like Bitcoin.

[Gposas]

We know that the government's principle of managing this spatial plan is a bit contrary to the decentralization principle of cryptocurrency... some of us have little hope for mass adoption of cryptocurrency, while we also realize that the concept of cryptocurrency is very much contrary to what the government expects...

Is there no solution? Is decentralized cryptocurrency really not globally adopted?

Government just wants to protect themselves. It's very simple to understand and that's why they fight so much against decentralization. To me, the main reason why some people are actually adopting cryptocurrency it's because of the idea about decentralization. People wants something that gives them control over their money. Who wants a system where the government has a say over them? But then, we all know that it's not going to go down easy. The government won't want to accept anything that they can't control. This is why decentralization is still drawing behind.

Exactly mate, most likely, citizens of a country wants the power of having authority especially over their funds. When it comes to Bank institutions regulated by the government in my country, you have the limit of withdrawing your own money in a particular day.....
Why will people not urge for a decentralized finance, when you have power over your portfolio and you make your decisions on how you want to make use of them without any fee of storage in a wallet.

But in the other hand when converting the Cryptocurrency to Fiat, the government is still there to regulate the funds when it creeps into your Bank Account.

It is clear that the government generate revenue from bank institutions thats among the reason of them kicking against the decentralized system because they can't impose any task/charges since it isn't owned by a singular person or group of people.

[Kemarit]

Many people worldwide now know about and use cryptocurrency so it is here to stay. Trying to regulate cryptocurrency might just push it underground making it harder to track. But decentralization means people can still access and invest in cryptocurrency from anywhere. Instead of fighting it governments should find balance between protecting users and allowing innovation. This way they can create rules that help cryptocurrency grow safely. Future of cryptocurrency depends on finding this balance between freedom and responsible oversight.

Nah, I do not think it will be like that, we have been in the market for more than 10 years now and we have seen that the government can't regulate it. They just want to protect those so called investors because crypto world is just like wild wild west.

But still up to the investors on how they will regulate or mitigate the risk. There are informed investors who knows that game already and so even if there are rules and regulations, they know how to move within boundaries and not get scam or something losing their investments.

[MRY]

Nah, I do not think it will be like that, we have been in the market for more than 10 years now and we have seen that the government can't regulate it. They just want to protect those so called investors because crypto world is just like wild wild west.

But still up to the investors on how they will regulate or mitigate the risk. There are informed investors who knows that game already and so even if there are rules and regulations, they know how to move within boundaries and not get scam or something losing their investments.

There indeed are peculiarities in the crypto world, which is based on the principles of high levels of self-organisation and freedom for the market participants. While governments continue to impose reforms to regulate blockchain technology fully, the underlying architecture of this technology poses a great challenge to those who seek to regulate it. Those that do exist are, as a rule, designed to protect investors, however, the largest burden still always remains on the majority and ourselves, market participants, to act wisely.

For those who have been in this ecosystem for a long time, it is the knowledge of how the market functions and potential risks become the key way to thrive. Law can introduce certain safeguards, but genuine understanding, and practical knowledge, is invaluable here. If one remains conscious to these perspicacities and active to the process of continuous learning, every move made is grounded firmly on a sure defensive, as well as an offence for asset and opportunity.

[Faisal2202]

We know that the government's principle of managing this spatial plan is a bit contrary to the decentralization principle of cryptocurrency... some of us have little hope for mass adoption of cryptocurrency, while we also realize that the concept of cryptocurrency is very much contrary to what the government expects...

Is there no solution? Is decentralized cryptocurrency really not globally adopted?

BTC is decentralized and it is adopted globally only in like 27 to 40 countries it's not allowed and the numbers are decreasing day by day. Like recently I heard the news that Morocco has lifted the ban which they imposed on 2017 from crypto. Which is a good thing, Russia is now full into BTC, USA is full into BTC and many other big countries are adopting BTC.

Point is they can only introduce more centralized platforms for these decentralized platform's problems like in the name of solving them, for examples all the L2 of BTC are not decentralized, but most of them are centralizde.

[electronicash]

We know that the government's principle of managing this spatial plan is a bit contrary to the decentralization principle of cryptocurrency... some of us have little hope for mass adoption of cryptocurrency, while we also realize that the concept of cryptocurrency is very much contrary to what the government expects...

Is there no solution? Is decentralized cryptocurrency really not globally adopted?

BTC is decentralized and it is adopted globally only in like 27 to 40 countries it's not allowed and the numbers are decreasing day by day. Like recently I heard the news that Morocco has lifted the ban which they imposed on 2017 from crypto. Which is a good thing, Russia is now full into BTC, USA is full into BTC and many other big countries are adopting BTC.

Point is they can only introduce more centralized platforms for these decentralized platform's problems like in the name of solving them, for examples all the L2 of BTC are not decentralized, but most of them are centralizde.

they also introduce detaining CEOs of a project just like what happen to telegram CEO. they are also introducing BTC miners turning into a public company which can now be controlled by the board members. these sort of control can make crypto centralized regardless of how we see the project to be decentralized but if physically the CEOs can just be held at gun point, its not so different to what Diddy is doing to his victims.

regulators scrambles when projects become popular and they have no control over it. they'd have to get the man or there will be no bull run.  how many of those CEOs been held in the airport already?

[Rengga Jati]

I think not the crypto itself but exchanges are being regulated since it was the only thing that freezes our funds when they see something suspicious with our transactions. I've seen this thing a downside if we are gonna store our funds on centralized exchanges because anytime they can do things we don't like. That is why I still prefer non-custodial wallets so I can still utilize decentralization without any problem.

Indeed, if crypto as a whole, it will be impossible to do because they are mostly decentralized. While the government globally cannot regulate 1 by 1, what they can do is tighten crypto regulations in their respective countries, so that crypto activists remain subject to and under their regulations. although of course it will not be possible to do it 100%.

Indeed, if for local exchanges in the country, there will be special regulations in each country that require exchanges to be under government regulations, although not all countries. because of that, every transaction and also several other things are also related to the regulations in that country, including tax collection policies, as well as several things related to data transactions that may be much more vulnerable to being known by the government. Because of that, in fact, more and more crypto activists prefer global exchanges as an option when carrying out trading activities or other activities rather than local exchanges.

[Faisal2202]

they also introduce detaining CEOs of a project just like what happen to telegram CEO. they are also introducing BTC miners turning into a public company which can now be controlled by the board members. these sort of control can make crypto centralized regardless of how we see the project to be decentralized but if physically the CEOs can just be held at gun point, its not so different to what Diddy is doing to his victims.

regulators scrambles when projects become popular and they have no control over it. they'd have to get the man or there will be no bull run.  how many of those CEOs been held in the airport already?

Freedom of speech has been taken from the people, like in my country there was a big protest from the public and government took some serious actions many killed, but they showed no one killed in this and they also put a chinese software firewall on internet that no one is able to send videos and pictures on WhatsApp alone.

They are monitoring Whatsapp and in future they will be forcing many other apps to be firewalled so they could control what type of media is being shared. I don't know from where they are getting this idea I mean putting a firewall and risking the data of millions of Citizens. Point is it's not a problem in only one country the whole world is high haha.

And if we come to these projects they will be made more centralized and as a matter of fact, maybe in future the centralized ones will be given funds alone by investors.

[Faisal2202]

they also introduce detaining CEOs of a project just like what happen to telegram CEO. they are also introducing BTC miners turning into a public company which can now be controlled by the board members. these sort of control can make crypto centralized regardless of how we see the project to be decentralized but if physically the CEOs can just be held at gun point, its not so different to what Diddy is doing to his victims.

regulators scrambles when projects become popular and they have no control over it. they'd have to get the man or there will be no bull run.  how many of those CEOs been held in the airport already?

What happned to telegram ceo was bad as he did not deserve that on the other hand it was his mistake as well to go in a country where he knew he could get detained I mean who do that, it was a big mistake from his side well at last he has to go thorugh this phase and as of know he made deals with the authorites and he also changed the policies of Telegarm.

So maybe in near future he will be free from all charges from only France because they will use him for their own purpose and torture him as well. Now speaking of centralized world and the products being developed for users can totally flop if all the decentralized lover boycott them I mean why using them if you have other ways.

[Fivestar4everMVP]

We know that the government's principle of managing this spatial plan is a bit contrary to the decentralization principle of cryptocurrency... some of us have little hope for mass adoption of cryptocurrency, while we also realize that the concept of cryptocurrency is very much contrary to what the government expects...

Is there no solution? Is decentralized cryptocurrency really not globally adopted?

It is very much possible to regulate crypto, and cryptos still maintain this level of decentralization in terms of blockchains aspect of it, like sending and receiving crypto, and also buying  and selling crypto through decentralized exchanges can still be upheld even while adoption and regulations happens.

But the issue is that, we have crooked government officials almost in every country of the world who wants nothing but to have control over every damn thing.
This I believe is one area Trump promised to look into as a president of the united states, he said he will make sure that the non-custody and monetary freedom that Bitcoin represents and promotes will be upheld.

If the man will keep this promise, then I guess we as crypto enthusiasts have nothing to worry about over the mass adoption of crypto that is already happening.