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RE: Immature gambling, but growing up fast

in #steem6 years ago

It's going to be hard to stop online gambling. With projects trying to "decentralize the internet" so that the Chinese can get around the countries firewalls, it's only a matter of time before it's harder and harder it general to track people's online activities.

I was listening/reading an article and they said if you want to know what new technology is going to soon become mainstream look at the black market because they always have to stay ahead of the curve to stay out of trouble.

I think most people know KYC is coming, but what does that mean for decentralize exchanges? Are they going to be made illegal or they going to operate on the fringe of the laws like online exchanges?

I'm hoping this will help get outdated regulations removed as they are going to become harder and harder to enforce. There is a lot of money that heads to politicians every day to help keep online gambling "in check".

I don't think everything is going to change over night, but it's going to be interesting the regulations that develop, are eliminated, and what projects are developed to get around said regulations.

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I think most people know KYC is coming, but what does that mean for decentralize exchanges? Are they going to be made illegal or they going to operate on the fringe of the laws like online exchanges?

I am not sure but I would say that at some point they are likely ogoing to cave if they want to grow past a certain size.

I'm hoping this will help get outdated regulations removed as they are going to become harder and harder to enforce. There is a lot of money that heads to politicians every day to help keep online gambling "in check".

Haha, yes. I am hoping that at the end of the day, it becomes much more transparent. It is going to scare people to see what is available for some.