Regulations set the table for more talent, capital and building in crypto industry

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Regulations aren't always bad. In fact, they may open the door for more talent to emerge, further advancing the industry, argues hal2001

, creativity, energy — and capital hungry to participate. Denver recently hosted one of the largest Ethereum conferences and hackathons of the pandemic era. Over nine days in February, ETHDenver welcomed more than 12,000 people to the in-person event to share ideas, build and reveal new protocols, curate investments and socialize.

These young people, in some cases, are leaving top schools to join DeFi teams or to develop protocols and products, and there is plenty of investment capital to provide a runway for big ideas, tools and decentralized applications.Meanwhile, members of the first wave of crypto have evolved into a so-called old guard, providing stability, cautiousness and experience to help usher in projects, decentralized autonomous organizations and protocols.

There is plenty of experience and know-how in traditional technology companies that can and should help build DeFi protocols, services and systems, thereby decentralizing finance. Not everyone will be open to the risk or uncertainty of the crypto space, but that sense of risk is reducing as Web3 organizations continue to receive large investments that provide plenty of runway and breathing room to generate stability and comfort.

But true builders in crypto don’t retreat in bear markets — they thrive. A bear crypto market can be more productive, especially for teams focused on good ideas and creativity. Bull markets tend to be more consumer- or trader-centric, and the noise can often drown out or blunt meaningful progress.

 

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Good if it’s true. I mean Tether did prove that regulations can be good.

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hal2001 I don't think so. Regulation oversees the interests of governments. The government is not always interested in your success.

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hal2001 This piece highlighted the various importance of regulations like stability and massive adoption. It talked about ETHDenver and the massive talent it brought together. It also talked about how Bull run favours traders and consumers while bear market favors builders.

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hal2001 The piece is amazing from highlighting what's to be expected from the POTUS order on cryptoasset regulation; to ETHDenver that was a success; to the payment of $3K to talk to Hacker House young briliant folks in Denver;and then why bear market is good for builders. Briliant piece

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hal2001 Some regulations are good.

hal2001 Sounds good. Hope it works. But as tether has shown regulations can be good indeed.

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hal2001 Regulation is bad , be honest with us BTC did 100000x without that

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Our analytical team has done a detailed analysis regarding BTC, and its Fear and Greed Index is 50 - NEUTRAL at the moment with price of 40413.893175075005 usd, so what do you think about the current Bitcoin state?

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