Legit question, if we need to rely on "authorities" to regulate the crypto market, is it really all that much decentralized?
It's always about balance, you can't have the wild west and expect people to behave.
There's got to be some sense of regulation, but with regulation means some freedom goes out the window.
By rule/definition: regulation and freedom are inverses of each other.
This 100%:
the biggest issue in the crypto world is that there is too much
90% of people have 0 technical knowledge and most of these projects only sounds good on a white paper hence why all most all of them fail straight away not going to lie i feel into the hype for project due to hype but if you actually sit down and think most of them are trash.
The truth is crypto is filled with scammers and hustlers and youtubers who where lucky enough to jump on crypto before the bull market end of 2017 made money and now think the are technical and financial experts lol. I do think blockchain has a purpose but most of these crypto programmers dont have the knowledge/money/infrastructure to take it mainstream which is why i think the reasons blockchain goes mainstream will not be because of some random ico reviewed by some youtuber.
People got scammed because at the end of the day you need regulation and some enforced standards. It's word of mouth and no matter how legit a project may look, it could still be a major front down the road. Again, I work in software and it's hard to predict if your project will have real ugly bugs or a feature may be a major mountain to climb. Time will always tell who can/will follow through and who won't. What I see right now are a bunch of people spitting out buzzwords about certain projects, but that doesn't mean anything until results are produced.
That's why the rule is a good one: don't bet on what you're not ready to lose.
I remember when crypto was surging, recruiters would be contacting me left and right about crypto opportunities as a programmer, but now that it's cooled down, I've seen maybe one or two companies reaching out to me about a job as an engineer in the last six months.
Software is only as strong as the programmers and if companies aren't really looking to hire, that's a solid indicator of the ecosystem. Now in comparison, I get offers and interest all the time about job opportunities for mobile phone apps, personal web apps, websites, servers, etc. If anybody looks at the market and it's no wonder that those domains are skyrocketing. Usually tracking the supply/demand regarding jobs is a great indicator of what's really being invested into.
I'm guessing the market will drop lower and perhaps that'll be a better time to buy.
