VIMEO VIDEO (In case Dtube doesn't load)
There could be no worst case scenario than SEC and government agency regulators coming in an changing how this market operates. Sure, the crypto market has its issues and way too many coins that don't actually do anything. And sure the funds of people who invest in coins is not insured and backed by the FDIC. But that is what you get with true liberty and a free market. A truly free market will move to police itself if you give it a chance. It will regulate itself as self preservation becomes the priority.
The worst thing this market can do would be to invite and even welcome government regulators in to enact policies to be governed by.
WHY?
Because the system wherein these regulators work, HATES US! The very purpose of Crypto was to ensure privacy and non-regulation. It was born and promoted out the shear knowledge that our current financial system is corrupt, rigged and can print money into oblivion making it essentially worthless. Making things worse is that some of these coin companies and leaders in the crypto-verse are even welcoming these regulations!
If you want to ruin and make something very hard to use, then yeah government regulation is the way to go. Topping it off is the fact that the financial system of the west hates crypto-coins and does not want them to succeed in the first place. Its a threat to the very core and foundation upon which they were created.
Bitcoin, Steem and all the existence of all other crypto currencies out there are in jeopardy if any real regulation ever takes hold.
Visit Us Online: http://AnAmericanHomestead.com
