Da Hongfei, founder of Antshares (now better known as NEO), believes that cryptocurrencies and blockchain are over-regulated. He recently gave an interview to the Chinese publication 8BTC, where he said that “blockchain can hardly survive under the current regulatory system.”
Hongfei also commented on the growing popularity of blockchain in the gaming industry, and also noted that NEO, in particular, is one of the platforms on which games are developed. According to him, the use of blockchain in the gaming industry, rather than in the financial industry, is largely the result of regulatory barriers.
Perhaps in the future, blockchain games will be a virtual world similar to the world from the movie Ready Player One, where all virtual assets were recorded on the blockchain, the use of which required an ideal economic model. We cannot predict when such games will be available. I hope even my daughter can play them one day.
He was then asked about the decentralization of NEO, which is sometimes questioned. After all, NEO is not mined like a regular cryptocurrency, and its supply is always stable. Master nodes are owned and operated by the NEO Council. He responded that several new organizations have joined the blockchain and that they may end up operating the NEO mainnet.
In the future, the team will delegate voting rights to the public. By then, our team will have much less influence on the voting results.
In conclusion, Hongfei added that at the moment there are a huge number of public blockchains, most of which do not have any interesting applications.
There are many public chains, but there is a serious lack of quality applications and developers. It is like a ready-made operating system on which no programs or applications are installed, without which it is absolutely useless.
Hongfei said the company feels somewhat threatened by this state of affairs. NEO is responding to peer competition with research into how simple and easy-to-use public blockchains are developed. Therefore, they are developing educational programs that can quickly teach developers how to create smart contracts for NEO.
Recall that in an attempt to comply with Chinese ICO laws, NEO, along with several other blockchain ICO projects, have announced their readiness to refund funds to their buyers.
According to ccn.com
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