Cryptocurrency is being hijacked.
We know that Circle is a centralized entity that is looking coming under banking regulation. Now we have Tether freezing wallets including the one tied to Tornado Cash.
Here is the article
In this video I discuss how this is where the industry really needs to focus. The change in the future is going to come from the fringe. Right now, it is key to remain out of the limelight and keep the bullseye off our chests. This is how we need to alter things by operating under the radar.
HBD is a solution for all of this.
▶️ 3Speak
I think this is a big deal. One of the supposed advantages or goals of Crypto is decentralization and removing control. Crypto is supposed to prevent organizations from locking people out of their funds, similar to how banks operate. This happening on crypto assets should be an eye opener for a lot of people.
I agree it is a big deal. So we have to be mindful of what is taking place.
How do you think this impacts growth for Hive? Growth brings attention. Couldn't centralized entities try and block funds coming from the chain, like with Tornado?
Hive has to build decentralized options. This is where DEX and liquidity pools come into play. Hive is not going to be carried on the centralized entities since they will block it.
Gotcha. I see what you're saying. Cut out the middleman all together.
"security measure" yeah sure...
This is the issue that comes with "Institutions" entering crypto. Everyone who cheers the process thinks only in terms of piles of cash that would continue to make Number Go Up. Few think that "Institutions" means that crypto is getting at the mercy of the likes of Jamie Dimon and Elizabeth Warren.