Yes, now we see a sharp decrease in the number of ICO projects in this forum and other similar forums. Even at the Bounty Suite a couple of days ago there was only one ICO campaign, then two were added: one allocates $ 1,000 to Tron for all bounty campaigns, and the other does not provide for a signature campaign at all. At the same time, ICO projects can still be revived, and for this, state regulation of this type of activity is necessary. If authorized government agencies will check the team and their documents before registration, this will immediately reduce the level of fraud among them.

The creation of the Libra coin on Facebook met with great resistance from the governments of the United States and other G-7 countries. At the recent G-7 summit, it was decided to take any measures, up to a ban on the circulation of this coin in the territory of its states. These states fear, first of all, the great influence of Libra on the global financial system, as well as the concentration in private hands of confidential information about a significant part of the world's population. Given this, Libra is unlikely to ever appear, and even Facebook has already expressed doubt about this.

From the point of view of states, KYC may be necessary in some cases, however, from the point of view of people, such verification takes away our confidentiality and creates additional problems for using such information for illegal purposes. From my point of view, such verification should be carried out either by state bodies or various commercial structures under the supervision of state bodies, that is, after licensing, appropriate verification and training, how much and under what conditions to store confidential information of citizens.
Now too many business structures allow themselves to use the KYC check, and in many cases it is carried out by scammers who use such information for criminal purposes.

Bitcoin is unlikely to be widely used in the global gaming industry. For this, fast, light and cheap coins such as Tron are used. There are a lot of different ICOs on the Tron platform, which are associated with the release of various tokens in the gaming industry. In my opinion, bitcoin is too expensive for this, and too slow in transactions.

Of course, to paint the accounts of bounty campaign managers of ICOs and their team members, putting them in disbelief en masse, bounty hunters can and should really use this as a pretty effective leverage if they act dishonestly with us. In addition, we can do anti-advertising for such ICO teams, and this has a sobering effect on them. This practice, I see, is already being successfully applied. In some ICO bounty campaigns, bounty hunters thus seek justice. So I am completely for using such methods.

Of course, we are approaching the universal regulation of cryptocurrency and this process will be accompanied by a partial loss of anonymity of its users. Judging by the fact that according to the FATF recommendations of June 21 of this year, only for transactions worth more than one thousand dollars, the owners of the cryptocurrency will have to be verified, then we have a chance to remain anonymous in transactions for small amounts, as well as in transactions for any amounts between by individuals.

Cryptocurrency is attractive for investment precisely because of its great volatility. A decentralized cryptocurrency should always be volatile in nature. Where there is a high level of volatility, there will always be a risk of losing your invested money or getting extra profit. Moreover, I do not think that over time the cryptocurrency volatility will decrease. With the increase in the price of cryptocurrency and its liquidity, our coins and tokens will have a great opportunity for the manifestation of volatility due to the high amplitude of price fluctuations. So this activity is not for the faint of heart.

Bitcoin will never take the place of the dollar. Cryptocurrency will be only one of the types of means of payment and is not able to replace the national currency.
Regarding energy consumption for the extraction and use of cryptocurrency, here I do not see any problems. Basically this problem is far-fetched, cryptocurrency does not consume more energy than other types of human activity. In addition, alternative sources of energy production, such as the energy of the sun and wind, continue to develop very quickly and efficiently. These are inexhaustible sources of energy and their production is becoming cheaper.

It seems that your assumptions do not come true. We are approaching mid-August, three weeks are left before the end of summer, and the price of bitcoin is now $ 11,394 and has a tendency to decrease. Bitcoin price volatility has always been and will always remain very high. In June, bitcoin grew very well in price, but this does not mean that it will grow for a long time. Now its price is fluctuating and for a given period of relative calm in all markets, this is good. This creates good prerequisites for the further growth of the cryptocurrency market with the onset of autumn. The fourth quarter of the year will be decisive.

Only in large cities can you try to switch to the use of electronic and digital money. However, it seems to me that cash is still irreplaceable in some cases. In my opinion, people will always use paper money in their calculations. This is a very simple and quick type of financial means of payment, which is not tied to any technical devices that almost always cause certain difficulties.
As for India, here we can definitely say that it is still too early for this state to think about moving to a cashless society.

Governments will never give up their national money in favor of a decentralized cryptocurrency. National money is an integral part of the state. Without national money, the state will not be able to function actively. It will not be possible to switch to the use of only cryptocurrencies of the state, if only because the cryptocurrency has practically no interaction with the state economy and has too much volatility.

Cryptocurrency fraud is a very serious problem for the spread of cryptocurrency around the world. Many people will not want to learn how to work safely in cryptocurrency and after the first failures they will be disappointed. Cryptocurrency can only exist using a boarding school and knows no boundaries. This creates additional difficulties in identifying fraudsters and their prosecution. It will be very difficult for law enforcement to identify fraudsters in cryptocurrency.

Anonymity in cryptocurrency is financial freedom of choice. Many are tired of the almost complete control of us by governments, which became possible due to the high level of technological progress. The Internet, mobile phones, computers, video cameras at every step, create the ability to practically control every step we take. If we still do a KYC check on almost every transaction, there is practically nothing personal left in us and many disagree with this. People should still have the right to choose. You can not suspect all people of criminal acts and monitor everyone. This humiliates us. Therefore, certain anonymity should be, including in the financial sector.

Fiat money is based on the laws of economic development of society and is not a financial bubble. Fiat can partially become a financial bubble and cause inflation if the government abuses the laws of the economy and prints more paper money than the amount of increased gold and foreign exchange reserves of the state and its gross domestic income.

Also, given the threat of concentration of a large amount of confidential information on more than a third of the world's population, in fact in private hands, it is unlikely that the Libra project will ever be launched. After the USA and other G-7 countries spoke very harshly against the appearance of such a project, and then Visa refused to cooperate with it, Facebook doubted the successful launch of this project. Most likely, this project will be buried soon.

If Putin does not stop in his ambitions to create his own empire and through military aggression and the annexation of the territories of neighboring states by force of force, then there will be not only a global economic crisis. We can already observe the new real round of the arms race that has begun, which arose precisely because of Russia's aggressive military policy. Moreover, there is also a real threat of the third world war. If someone still has not understood this, then it would be time to realize this and think about it, otherwise it will be too late.

Centralized administrative management methods are not suitable for the cryptocurrency market. Everything here must obey the natural laws of a decentralized market. All useless projects and their tokens will leave this market after a certain time and there’s no need to invent anything else. This must occur subject to the laws of the market. Therefore, there is no need to rush in this matter.

The existing national currency will not go anywhere, it will always be the main form of financial payments, since the national currency of states is part of the state and it interacts with the state economy. Cryptocurrency can fulfill only a supporting role in the financial sector of the state. Do not overestimate the role of cryptocurrency.
On the other hand, cryptocurrency is still developing and continues to search for its niche among means of payment. This seems to be a very lengthy process and we should not rush here.

Yes, you are right in your reasoning about what will happen to humanity if all states switch exclusively to the use of cryptocurrency. That is why such a scenario will never happen. No state will ever give up its national money and then will simply watch how it slowly collapses from within. Each state will defend itself quickly and firmly.
Cryptocurrency has a positive impact on the economy of the state when it goes along with national currencies, however, a decentralized cryptocurrency will never replace national money in any state.

We ourselves see that the last three days, Bitcoin has been steadily growing in price and now it has already reached a price of more than $ 11,700. Therefore, John McAfee confirmed only the obvious. I would more like to hear from him about his earlier given forecast regarding the bitcoin price of a million dollars at the end of the year. He confirms his forecast or not. Otherwise, he will have to fulfill the promise. In my opinion, it is already obvious that we will not see such a price of bitcoin by the end of the year and he lost the bet. So what now are his current forecasts.