That's true because the barrier of entry is 0 and Bitcoin is basically money but there are other kind of community members that are pushing all these blockchain/cryptocurrency/smart-contracts stuff forward. An ICO can be an scam but also push interesting projects forward in places without good access to capital. We are just living the prehistoric times of the technology.
I think exchanges are one of the weakest points of the cryptoeconomy. If they are banned or overly regulated Bitcoin will convert into PayPal in some places. That was my experience with Coinbase and I understand that they are overly regulated. In a way the cryptoeconomy is a good thing for the intelligence community since it transparents what is happening in black markets, even in the Monero and Z.cash shielded cases where at least you can measure some level of activity.
That's true because the barrier of entry is 0 and Bitcoin is basically money but there are other kind of community members that are pushing all these blockchain/cryptocurrency/smart-contracts stuff forward. An ICO can be an scam but also push interesting projects forward in places without good access to capital. We are just living the prehistoric times of the technology.
I think exchanges are one of the weakest points of the cryptoeconomy. If they are banned or overly regulated Bitcoin will convert into PayPal in some places. That was my experience with Coinbase and I understand that they are overly regulated. In a way the cryptoeconomy is a good thing for the intelligence community since it transparents what is happening in black markets, even in the Monero and Z.cash shielded cases where at least you can measure some level of activity.