Cryptocurrencies(like Steem) are not Without Regulation

in steem •  7 years ago  (edited)


I opine that cryptocurrencies are not without regulations just because they are not regulated by government.

The open, decentralized and transparent nature of Steem gives strength to the integrity of its blockchain.

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Thanks for this

Hello @tojukaka

People run Crypto, Crypto does not run people.

Jerry Banfield made a huge mistake, but I am glad that he owned up to his mistake. Some people took it very personal though, but that is a community for you.

Another mistake he made was not declining payout in his apology post.

Talking about decentralization of cryptocurrencies

Even though cryptocurrencies are meant to be decentralised and control proof.

It can still be influenced by whales who buy up large amounts of any coin.

He is a business man
We all should be weary of the effects of greed
Yeah
The whales basically decide the atmosphere we have here. But thank God they have every incentive to make steemit a better place

There is a sort of regulation in every sphere of life, but we all love this communal regulation instead of the other type. The blockchain never forgets, just finished @ned'sinterview where he spoke on The Right to Forget, pretty interesting interview I must confess. Nice background fellow steemian

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