RE: [vlog] In Malta for Blockchain Summit/ musing on the evolution of the Scoopstakes app
That's exciting you're working on turning your contest into an app. It could be used in a wide variety of sporting and other applications, so I think if you decided to sell or license it, you could do quite well.
I had heard that Malta was bullish on crypto, and honestly, I'm surprised that more people aren't at this point. They've shown that as a technology, they're not going away. The markets are still bear, so it seems like people would be buying up more... but maybe they're just doing it quietly so they have longer to acquire more assets.
One of my concerns about governments regulating exchanges is that even if they don't control the crypto, if they're controlling the distribution and exchange, they can make it difficult to use specific cryptos, and steer people to their (the government) own crypto. Then, rather than getting the decentralized payment systems that we've been wanting, we could end up with centralized ones. The centralized ones will be able to track us even more than we are already. It's just a concern I have. It hasn't materialized as of yet. (Although I heard the CIA can identify virtually any Bitcoin user. Not sure if that's true.)
The walls in your hotel room are interesting. Until you showed a bit of the room, I was fairly sure that you were lying on the floor. It looks like flooring material. Ha ha.
Thanks for running the contests. They're fun to enter. I hope you're having a good time in Malta. Take some cool travel pics for us if you have time.
I see the regulated centralised exchanges as a stop-gap. Decentralised exchanges, with good liquidity and UX is inevitable, for exactly the reason you highlight. Centralised exchanges pose the systemic risk that crypto were designed to eliminate.
I do think that having a government embrace crypto opens the space up to more interest and brain juice that can help the technology grow.