Governments around the world have taken notice of crypto, and the United States is no different. There has been a recent bipartisan push for regulation, and while this may be a pretty unpopular opinion among crypto patriots, I do think that regulation is relatively important to keep cryptocurrency relevant among investors, as well as ensure its foothold in the world. The only problem with the current regulation is, that it’s decided by a government that has an inherent interest in following a completely different system, and that system is known as a debt-based monetary system, which is the bread and butter of how the US dollar operates.
The importance of having people who have an innate understanding of not only the technology but also the passion behind that technology being built in the first place, the community then there will never be a true bridge between what the government wants, and what the people want, and it could be a dangerous future if it’s not handled in a timely manner. If we the people, the crypto patriots don’t get involved that future could very well spell out RECENTRALIZATION, instead of DECENTRALIZATION.
A political party is in my opinion, and many others’ opinions necessary to pushing the true narrative of the people and ensuring a world of decentralized finance, and a world where we can control our own lives, no matter our status or class. It’s no secret that whichever party/candidate decides to fully adopt and meaningful cryptocurrency policy, will be hugely popular in upcoming elections, and I hope for the sake of the bipartisan hardship in America, that it can be a completely new entity.
Recentralization is very well possible if the government manages to regulate a government-backed/traced digital coin into the mix, and corporate entities buy everything in sight regarding the blockchain, things like exchanges, mining farms, and entire blockchains themselves, which is already happening; then we won’t see a new system for the better, it will be a system for the worse of us common folk. There are a ton of problems with a centralized one-pay system in the crypto world. You will have a system in which they can arbitrarily shut down your ability to access your finances, a system more vulnerable to cybercrime, and a system that could be inherently manipulated by evil government and corporate greed.
Sure, we can/have tried to lobby to protect our interests but the problem with lobbying is that it embodies almost everything wrong with our system now, it’s controlled by the very interests who wish to push us common folk out, and it’s hard to beat someone at a game that they created. We need grass-roots political initiatives and a wave of candidates who are more aware of the community as a whole. We need people from the trenches of the crypto world, who have a firm understanding, of everything it embodies, the good and the bad. More than likely if you’re reading this article, we need people like you!
Read More: medium.com