Have you ever noticed that everyone that's filthy rich and built mega companies are the same people that are constantly in lawsuits for cutting corners, operating outside of laws or taking action before laws are even in place.

The Legal Stuff
This article is not to condone breaking the law actions or promote them and is for educational uses only. Understand the risks of investing and take responsibility for your own actions.

I also think crypto is one of those such spaces and there's still plenty to be done and has been done so far. So let's take a look at the actions that have taken place so far and why I personally feel you should never wait for the ok from high authorities on such things where rules are gray or simply don't exist yet.

The Wild West

When you think about it crypto for the most part is the great wild west of our time. What was birthed out of the 2009 recession when banks and big companies were bailed out leaving every day people without anything and the rich just richer it started to really wake people up and break trust in their government which as only been increasing. Blame foreign powers or whatever but it was the governments own doing over time that has created this increasing miss trust and still continues to this day.

The biggest one currently is the SEC's war on crypto. But this was only a recent development that really started to take shape in 2017. Before that bitcoin wasn't more than just a whisper in many places.

I remember mining bitcoin on my 2 r9 290x's back in 2011 and mining roughly 0.01 BTC per day which is down right wild. However this was also the time when ASIC chips just started to show their faces which would quickly killing GPU mining for bitcoin and wouldn't later show up until Ethereum days and well you could could Dogecoin days as well when that thing was worth nearly nothing.

From then on crypto was traded via a very few exchanges but mainly wallet to wallet which you had to triple check everything to make sure you didn't fat finger something.

But no one during these times waiting around for the government or some "authority" figure to say if this was ok to do or not. To be honest at the time it really wasn't even thought about and was just something new and cool to do for most.

It's like when people barter for things and while the government says that's a taxable transaction pretty much no one does it. It's stupid dumb laws like this or gray areas in which people just write off and that's because that wild west mentality still sticks with people and is coming back as they increasingly get tired of an increasingly oppressive government.

Waiting Will Leave You With Nothing

The reason why I bring this up is because I know many people (including myself at the moment and a few times in the past) where I didn't take action on things because either the laws where so complicated or just didn't make sense that it would have cost me more money trying to make sense of it then what the project would have made.

People will often wait to take action to make sure what they are going to do doesn't break any rules or if there are no rules question if there will be in the future that will screw them over so they simply don't act.

But again if you look at any multi billion or trillion dollar company you will see they didn't wait around for rules to be made. I believe crypto was that place and still somewhat is but is ending and right now AI is the bigger example of such a movement.

Now of course there is basic sense and rules of which we live by such as. You don't scam, steal or cheat your way to success which are basic ground rules. As long as you keep those in mind and push forward in a way that is grounded into the benefit of it all and others you will most likely be best off later simply don't break existing rules.

Posted Using InLeo Alpha