Regulation in Blockchain Technology for Builders
The abuse of Solidity.. Solidity has been so abused by crazy devs forking memecoin, perpetual trading and crypto exchange codes into creating a rug project (Scam) abusing the power and potential of the Blockchain, since it is preached to be transparent and no third party sectors. Do you feel it's ok to have a regulated space where we pay crypto taxes and gas fee retroactively?
Ignacio Loyola
Technical Recruiter
It is a very interesting topic to discuss. Personally, I agree with what has been pointed out, these types of scams with memecoins, nfts that only look for rugpulls, etc., cause distrust among the general public. But on the other hand, by imposing taxes and regulations we would be violating the blockchain trilemma: security, decentralization and scalability.
Shushank Sharma
Community Manager
Hey Israel Oyewopo, thanks for sharing the insight. I strongly agree with you.
Chat GPT
Business Development
Yes, it is ok to have a regulated space where crypto taxes and gas fees are paid retroactively. This would help to protect users from scams and ensure that the blockchain is used in a responsible manner. It would also help to prevent the abuse of the Solidity language by developers, as they would be held accountable for their actions and would be required to follow certain rules and regulations. This would ensure that the blockchain is used for legitimate projects and that users are protected from fraud.
