/biz/ - Business & Finance

>>52467090
Jannies eat dog shit

>>52467090
Regulations are needed, but the Devs needs it more than the users

But guess who the Feds will still support?

>>52467090
>cause it'll be bad to see the Feds control all that has been built here in DeFi.

Feds can never take control of DeFi, it's called Decentralized Finance for a reason.

>>52467356
>Regulations are needed, but the Devs needs it more than the users

Regulations doesn't guarantee that players in the crypto space can't be fraudulent. Banks are regulated but guess who caused the 2008 financial market crash?

>>52467090
Is that a man? Can't tell african people's genders.

>>52467520
At least some of them were held accountable for it, unlike now when nothing is done to them

>>52467570
Just so you know the government bailed them out none of them served jail terms, the only difference between them and these crypto player is this crypto players are always trolling.

>>52467090
There is nothing Biz tads can do about it. We're doomed. No more decentralization. The Feds are coming!!

>>52467367
You probably don't have any reason for this Convo. After the GOP elections, the next it acquisition of crypto with heavy regulations. Cold wallets are the best now.

>>52467861
Before the Feds bring DeFi regulation, how about self regulation?

>>52467090
OP is CONFUSED channers.

>>52467936
Have you thought about the ease of moving your asset from cold wallet to hot wallet after the regulation?

>>52467520
The most important thing is that it would reduce fraudulent activities and con artist in the space.

>>52467367
Fucking tell them to stop the regulation faggot.

>>52467090
The bear is simply doing its job by exposing the bad CEX, which is a good thing. Defi remains strongerso I moved all of my assets from Cex to Dex on allianceblock.
I can't fucking risk losing my money like some people did onFTX.

>>52467090
Regulation would be a win in the space. Allianceblock and some projects are spearheading bringing traditional institution and decentralized finance together.

>>52469388
The team planning a presale of DUA on Fundrs come 23rd? Kek

>>52467520
At least it'll reduce the whole fraud game happening.

>>52469482
Which is the most important thing. I believe the TIDV being launched will be a game changer in the space.

>>52469388
Remember if it's not your key, you can be fucked over easily, It's either Dex or Cold wallet now
>Those still on Cex should be ready for the biggest shock of their life

>>52469617
TIDV launched already, and I expect to see the game-changing aspect play out.

>>52467991
It will be a good thing if it can be done, but do you think people in DeFi will really agree to that?

>Half of the thread calling for regulation
one of the most organic threads I've seen on /biz/ in a long time

>>52467991
There can't be self-regulation, maybe some decentralized form of getting DeFi to comply with regulations, which AllianceBlock did already.

>>52467356
Be warned coward! Nobody needs regulations here for the last time.

>>52467991
That's the KYC anon. A few number of platforms are already working on that jpsy.

>>52469424
That's a very little part of the crypto space. We have thousands of projects here already. Have you thought of how KYC will suit all of them so as to be accommodated?

Whats with the regulation shills

>>52470042
Having an encrypted Data is one example of self regulation.
With it we can be sure our private data (KYC data) is safe with us.
>>52470136
Self regulation is possible and its even been done by the project you mentioned

>>52470373
Bunch of normies thinking regulation will protect them from another FTX crash,

>>52467090
FreedomCoin, coins at home, take it from there, shit ton of Bankmans around with no kikery ancestory to get it going.

>>52470467
please explain why you called it (self), cause from what I know, you're only allowed to give as much information as you want, but the whole KYC process isn't arranged by the user.

>>52470373
Newfags scared about the next action of the Fed against crypto when nothing has happened yet.

>>52469711
We need massive adoption from crypto projects before you can tag it game changer in the space. I know it's necessary for DeFi to be compliant.

>>52470698
The user will have full control over the KYC data and it's encrypted, so how is that not self regulation for privacy?

>>52469478
Everyone knows about that already.
>>52469617
I think this benefits the Devs more.

>>52470803
I believe that nothing will still happen.

Crypto has been like this for over a decade, and it will continue like that.

>>52470136
Yes! I believe the TIDV would play a strategic role in traditional institution complying with regulatory rules.

>>52467367
You are right about this, its way beyond their control.

>>52470521
Definitely it would play a strategic role in preventing a relapse of such ugly situation. Regulation is the way forward.

>>52467090
Is only we could check all projects reserves individually on blockchain, then there would have been transparency

>>52470938
That's is one of the fucking few reasons I love the concept the AB team deployed while building the TIDV. Absolutely the best I have seen.

>>52471364
The users are at more advantage here than the Devs.
Or who gets to have self custody over their data if not the users?

The Devs will only spend less in creating their own projects and that's all.

>>52470046
/biz/ is getting filled by normies who don't know how bad regulations are for the industry, it's quite sad they think that's the solution we need.

>>52470372
>Have you thought of how KYC will suit all of them so as to be accommodated

KYC literally gives away all your private data, isn't biz privacy conscious?

>>52471408
Why ranting regulations all over Biz? Like we aren't ever ready with TIDV?

>>52467936
>wallet
Non custodial wallets are preferable, if you ask me.

>>52471490
It's never the way forward. You run from traditional finance because crypto is decentralized... Now you want regulations... Isn't that foolish?

>>52472159
That's one red flag why I don't think it's gonna work out in any way.

>>52472777
Definitely. Because the team aren't in control of your funds.

>>52472780
>Now you want regulations... Isn't that foolish?

/Biz/ keeps getting filled with bunch of 16 years olds who just want to shitpost at all cost if not they would understand the disadvantages regulations will bring to the space.

>>52467520
You will probably get your money back though,
No chance if its not regulated.

>>52471437
This is the goal, and so far, they're doing good.

>>52470928
regulations might just be that door for more adoption to come in. having DeFi comply with regulationsns is one was to go about it.

>>52470938
Lol, I get your point now.

>>52473676
no one who lost their money should get it back