Friends, let's continue our conversation about fiat money and cryptocurrency. Today I want to touch on the issue of regulation, as it is one of the key problems of the modern financial system.

What is regulation?

Regulation is the rules established by a person or society to manage certain processes. At first glance, everything is simple: people form rules, they start to work. But in reality, regulation becomes a mechanism where a person and society are almost not involved.

Regulation of fiat money: far from people

When it comes to fiat money, it becomes clear that the overwhelming majority of people do not participate in creating the rules for its use.

Why?

1. Remoteness of rule-making mechanisms:

Decision-making processes in finance are in the hands of central banks, which operate independently of society. These institutions make decisions based on the interests of elites or political groups, but not individual citizens.

2. Economic 'illiteracy':

We are often told that people are not educated enough to participate in financial matters. But is deep economic literacy necessary to understand the injustices of the system? People intuitively feel that money does not work as it should.

Problems of cryptocurrency regulation

The situation with cryptocurrency is similar. Although it is positioned as decentralized, regulation in this area also does not take into account the opinion of the majority.

1. Rules of prohibitions, not opportunities:

States more often adopt laws that prohibit or limit the use of cryptocurrencies rather than create conditions for their integration. This is due to the fear of losing control over the financial system.

2. Interests of the elites:

At the center of these processes are not the interests of citizens, but the desire to maintain the power of a small group. Regulation is oriented towards preserving the status quo, not creating new opportunities for the economy.

Why is this unfair?

Man and society are excluded from the process:

It is important to understand that the economy is not an abstraction. It is relationships between people. If people do not participate in creating rules, the system becomes unjust and loses trust.

Cryptocurrency as a balancing tool:

Cryptocurrencies are capable of balancing the market. They are a transparent tool that can be verified, tracked, and used effectively. They allow for faster correction of imbalances in the economy than fiat money, as they are based on technologies that eliminate manipulation.

What can be changed?

1. Involving society in rule-making:

People must participate in creating the rules for financial regulation. And this is not about complex economic expertise, but about basic principles that are understandable to everyone.

2. Shifting the focus from prohibitions to opportunities:

Regulation should stimulate the development of financial technologies, not limit their use.

3. Transparency:

Both in the field of fiat money and in cryptocurrencies, maximum transparency must be achieved.

TCP-MARKET as an example

The TCP-MARKET project shows how to build a financial system that works in the interests of people.

TCPcredit (TCPcr): Secured debt obligation, stable and transparent.

TCPcent (TCPct): A token used for real transactions, not for speculation.

The foundation of these tools is the idea that money should work for people, not for the elites. TCP-MARKET is already showing how technology can give people control over the financial system.

In conclusion, I want to say that;

- Regulation should be a tool for creating opportunities, not for limiting freedoms. The question is not whether we need cryptocurrency. The question is whether we are ready to involve society in the process of creating rules that will work for everyone.

Friends, share your opinion! How do you see the role of cryptocurrencies and fiat money in the future?

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