RE: BLOODY IMPORTANT QUESTION: should we consider STEEM-ENGINE tokens a security or utility?

over 4 years ago

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First thought coming to my mind: ...and so begin the cyberpunk wars.

I was considering these questions when I read the article of Dan Jeffries about Libra, Facebook's new coin in partnership with other corporations. The complexities we will facing with these new crypto-economy and its juridical & social implications are so new and big that they blow my mind.

Although I agree with the libertarian ideal against taxes and government control, I do understand that these issues cannot be simply overlooked. They will explode in the face of every person who wants to ignore them.

I think you briefly said the main things to be said about this. It is a game of interpretations, and this game will be played, as always, by big fishes and regulators.

We play this game analyzing the ways to validate our crypto-economy under the established rules. But, as history shows, when that happens regulators simply change the rules, and everyone will have to adapt to those new conditions and situations.

It's an everlasting game... a neverending story.

Some weeks ago, my country's government published an announce, expressing that it will accept the incoming transactions in cryptocurrencies to Venezuelan residents, but that they will have a limit and they must be made by means of the government's platforms.

That's because half the country already fled and those Venezuelans are sending money to their relatives using crypto, so that they could survive. That announce made me laugh. They destroy the whole economy and afterwards pretend to control every way created by the people to give themselves some freedom...

But, as old people say, that's the way of our world.

blockchain

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4 comments

@solarwarrior 65

over 4 years ago (Edited)

@spirajn:
Very interesting. So this shows several things:
1.) There is no way a government can control the flow of crypto
2.) Crypto flows into Venezuela are already meaningful and making an impact into the economy

Can you tell a bit more about this complex?
Any idea how they will try to implement the government crypto clearing platform and how they will force people to use it?

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@spirajn 62

over 4 years ago

Sorry for the late response. It's difficult to stop and make time. Yours are very good conclusions: Governments cannot control the crypto economy, but the sad (and dangerous) thing is that they try... they'll keep trying and that means persecutions and abuses of authority.
When these laws didn't exist they put in jail so many friends because they were mining cryptos.
Now they cannot get all the Venezuelans into this... but they will try: if I would speak with the wrong person (an agent of government) about my way to manage the little money I can get, soon they'd send some agents for me, as if I am at the same scale of a scammer or a robber, though I am only an artist and intellectual.
But that's the nature of government. That's why I think this kind of subjects brought by @crypto.piotr are so important.
By the way, I like your account's name: @solarwarrior. It's cool.
!tip

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