1-) we need to stop the scammers so that governments and banks take seriously the crypto world
2-) we need to stop manipulating the volumes in the exchange
4-) we need to stop with pump and dump schemes so that governments and banks take seriously the crypto world
5-) we need to stop the shitcoins that increase every day
For us to achieve this, probably the only way is to heavily regulate exchanges(correct me if I'm wrong), but I think this is definitely something that most people wouldn't want.
Unforutnately, as long as anyone can create and start cryptocurrency projects, then there will always be shitcoins. Again, I think the only way to stop this is heavy regulations.
regulations dont stop scammy exchanges. regulations turn exchanges into sherriffs to police its own customers, allowing exchanges to impose rules that can negatively impact customers while protecting the business.
whats needed is to strengthen consumer protections. which is different than rgulation.
for instance making it easier for consumers to report a business and actually get treated seriously.
as an example. in the uk regulations are that a customer cant easily just take a regulated business to court easily. they only recognise claims if a user has gone through the businesses policy first. EG
complaints department, formal written complaint, omburdsmen/arbitration and then courts. where each level is designed to dismiss/sway/delay the customer getting a result they want hoping the customer gives up trying.
for instance if you done each step and waited 14 days per response per step and 14 day's to the prepare next step it can take a year to have exhausted the policy steps, and then when going through court system, delays can take another couple years and many appeals and costs to discourage customers further
