All posts filed under: Quoc Do

Government Regulation: The Unlikely Ally in the Push Towards Decentralization?

By: Quoc Do Many people are skeptical about how an invention founded on the idea of decentralization can survive and serve its purpose after being effectively regulated by a government. What people seem to be missing when considering this phenomenon, is that cryptocurrency and blockchain operate in the periphery of a nation. The introduction of Bitcoin in late 2008 signaled an alarming increase in the public distrust of central banks and government regulations. The idea of a peer-to-peer digital currency that redistributes the power from institutions to participants, brought about a large influx of investments into Bitcoin and the cryptocurrency market as a whole. This sentiment was especially reinforced by the onset of the Great Recession just a few months prior. With crashing stock markets and defaulting banks,  many households, especially those comprised of minorities, the less-educated, or those with low-level income, suffered great losses. With the subsequent recovery and a better understanding of cryptocurrency, the total cryptocurrency market cap reached over $835 billion by the beginning of 2018 . Therefore, it is clear to …