Thoughtful post, well done. Self-regulation has not really worked in the current system (if it did, would we have the fed bailing out banks) nor in many other industries; however, distributed ledger may give way to a new and better way of self-regulation.
RE: Old Problem with New Cryptocurrencies - Seriously? This Again?
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Old Problem with New Cryptocurrencies - Seriously? This Again?
I would love to have a app that could regulate a new currency by allowing for an escrow-type mechanism to dispense founder payouts based on equations to ensure no founder or group of founder/investors could individually or collectively control enough currency to negatively influence the value of the currency in the marketplace. Does that sound like a decentralized app that others could use to self-regulate in a new and better way?
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That sounds very promising indeed.
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