I was a big enough believer in crypto to literally start a company in this space only to leave it completely disenchanted and deeply pessimistic about the direction of the industry. I felt that there were many real legal and regulatory challenges that governments just didn't want to deal with. No government wants to enable money laundering, black markets, corruption and terrorism; or so I thought!
Now we're in a situation that's so much worse than I ever imagined -- Trump coins are vehicles for naked bribery and corruption with a sprinkle of encryption on top. I was worried about black markets, Trump has literally been using his office to grant access to top holders of his scam coin.
This is a big lesson for everyone about why some degree of regulation is necessary.
Now we're in a situation that's so much worse than I ever imagined -- Trump coins are vehicles for naked bribery and corruption with a sprinkle of encryption on top. I was worried about black markets, Trump has literally been using his office to grant access to top holders of his scam coin.
This is a big lesson for everyone about why some degree of regulation is necessary.