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RE: Resource Credits Explained by Senior Blockchain Engineer @Vandeberg

in #steem5 years ago

I know you can still earn without the bots and other abuse....I plainly stated such and have seen it first hand. What their main concern should be is looking at the consequences (and the day will come, it always does, just like the IRS sending out letters to crypto holders) of trying to explain how you felt you could be selective in going after who was abusing the system especially when the people they didn't go after were the highest stake holders using multiple accounts to obtain what most would consider kickbacks to themselves...the real pain will be felt by any who may be making these decisions and are engaging in this same behavior. I am just pointing out that every financial investor/instution whose run the gambit on the fringes eventually has fallen, most into a prison cell. The SEC chairman has already declared that holders of cryptos have the same protections as any other fiat because crypto's hold a value therefore they fall under the same regulatory guidelines as other fiat. You can make moves that benefit a sector of those participating but there is a question of legality in the long term...and like all the Bernie Madoff's of the world come to eventually realize their are consequences to be paid it's just a matter of when. That comes in steps....first the acknowledgement that crypto's have value and fall under the same regulatory guidelines, done, then the acknowledgement that people must and will be forced to pay taxes on it, done, all that leaves is the acknowledgement that there will be enforcement upon regulations just like any other investor/investments.

https://www.sec.gov/news/testimony/testimony-virtual-currencies-oversight-role-us-securities-and-exchange-commission