This is a hypothetical scenario for you to think about. Let's say suddenly you're in charge of controlling what the future of crypto looks like. You have two options:
Anonymity & Freedom
Crypto operates entirely outside of government control and regulation. You would get full anonymity and everything would remain decentralized. The downside is that it will never get adopted by the mainstream, making their use more challenging. Security would be completely in your hands and scams would be more prevalent.
OR
Safety & Acceptance
Crypto becomes fully regulated by the government. They lose their anonymity but gain safety and become accepted everywhere kind of like fiat. No more scams (or way less) but significantly less freedom, going against the original goal of cryptocurrency. The principle of decentralization slowly disappears as it becomes more mainstream and widely accepted.
Each option has its pros and cons but it makes you consider what your actual goals for crypto are! Obviously people want profit, but what are you willing to compromise on and what are you going to stand your ground on? Let me know what you think!
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