RE: 3 Reasons Why SMTs Will Be A Success And Why Sites Will Have To Implement Them
Hi, I would like to know your view on the latest news regarding the SEC move against the decentralized DEX Ether Delta. I'm pretty sure you are aware of that dilemma that is unfolding when regulators crack down US Developers.
So my concern is, that something like that could also happen to the Steem / SMT Ecosystem. Especially since Steemit.inc and the top 20 Witnesses are mostly from the USA. I think in the potential success of Steem there lies also a huge Risk if the Steem Community is not prepared on this kind of regulatory crack downs. They literally could go after any US Steem developer, Witness and Steemit.inc for not having a security trading license. Because Crowdfunding will be a big thing on Steem / SMT release.
What are your thoughts? And do you have any insight on what the developers are doing about it?
Very very troubling indeed. The fact they went after a DEX is problematic. You are right, everything on Steem needs to get out from under the thumb of any government. Pushing decentralization at every turn is needed.
And yes I believe they are cracking down on developers. I hope people start to back things up on dWeb too....that way if they take the https down, there is still an alternative.