#Decentralized World: Regulations, Self #Regulation, and #Trust #business #businessgrowth

Okay, so the concept of fully decentralized world is amazing, of course, especially if you want to bank unbanked people and give the access to the global economy to emerging markets. Yes, so how about the regulations? Always you will find the bad people. You need anti-money laundering policy, you need KYC. So end of the day, you need a centralization. You need to have people who actually control what is happening.

I don't think we need a centralized authority to tell us what is okay. It's called self-regulation. You don't deal with dicks. Excuse me, my language. But, you know, it's everybody's personal choice who you work with, who you associate yourself with, right? And if you work with shady people and you feel like you need protection from them, maybe you shouldn't be working with them in the first place. I don't think that we need a centralized authority to tell us that it's okay. We need the society to take collective personal responsibility on everything. You believe in people? Yes.