Ecoer Logo

@perspectivecove

25

Providing some perspective on blockchain and cryptocurrency.

steemit.com/@perspectivecove
VOTING POWER100.00%
DOWNVOTE POWER100.00%
RESOURCE CREDITS100.00%
REPUTATION PROGRESS0.00%
Net Worth
0.037USD
STEEM
0.000STEEM
SBD
0.000SBD
Effective Power
5.010SP
├── Own SP
0.631SP
└── Incoming Deleg
+4.380SP

Detailed Balance

STEEM
balance
0.000STEEM
market_balance
0.000STEEM
savings_balance
0.000STEEM
reward_steem_balance
0.000STEEM
STEEM POWER
Own SP
0.631SP
Delegated Out
0.000SP
Delegation In
4.380SP
Effective Power
5.010SP
Reward SP (pending)
0.022SP
SBD
sbd_balance
0.000SBD
sbd_conversions
0.000SBD
sbd_market_balance
0.000SBD
savings_sbd_balance
0.000SBD
reward_sbd_balance
0.000SBD
{
  "balance": "0.000 STEEM",
  "savings_balance": "0.000 STEEM",
  "reward_steem_balance": "0.000 STEEM",
  "vesting_shares": "1024.859857 VESTS",
  "delegated_vesting_shares": "0.000000 VESTS",
  "received_vesting_shares": "7118.799949 VESTS",
  "sbd_balance": "0.000 SBD",
  "savings_sbd_balance": "0.000 SBD",
  "reward_sbd_balance": "0.000 SBD",
  "conversions": []
}

Account Info

nameperspectivecove
id530925
rank752,398
reputation206296188
created2017-12-26T16:48:42
recovery_accountsteem
proxyNone
post_count4
comment_count0
lifetime_vote_count0
witnesses_voted_for0
last_post2018-07-19T16:16:15
last_root_post2018-07-19T16:16:15
last_vote_time2018-07-20T04:56:18
proxied_vsf_votes0, 0, 0, 0
can_vote1
voting_power0
delayed_votes0
balance0.000 STEEM
savings_balance0.000 STEEM
sbd_balance0.000 SBD
savings_sbd_balance0.000 SBD
vesting_shares1024.859857 VESTS
delegated_vesting_shares0.000000 VESTS
received_vesting_shares7118.799949 VESTS
reward_vesting_balance44.744512 VESTS
vesting_balance0.000 STEEM
vesting_withdraw_rate0.000000 VESTS
next_vesting_withdrawal1969-12-31T23:59:59
withdrawn0
to_withdraw0
withdraw_routes0
savings_withdraw_requests0
last_account_recovery1970-01-01T00:00:00
reset_accountnull
last_owner_update1970-01-01T00:00:00
last_account_update2018-05-10T09:13:06
minedNo
sbd_seconds0
sbd_last_interest_payment1970-01-01T00:00:00
savings_sbd_last_interest_payment1970-01-01T00:00:00
{
  "id": 530925,
  "name": "perspectivecove",
  "owner": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM5Mj5LGkig8ikg2idy1DsJW9kQDSSYWtdUwDcQATAeEohZZ44rX",
        1
      ]
    ]
  },
  "active": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM8J3D57wbL3g7QXpjYFFTv97LCXvMb22C4RFh2dt5W7zawNkmNZ",
        1
      ]
    ]
  },
  "posting": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM8YgrYyBpkHwKsdEeQJaB52DyLL3AXPBkRoveRzRVJPJMGo17fR",
        1
      ]
    ]
  },
  "memo_key": "STM7XVvhLiegUpFXWBMivCBKwXy3skKZ8r75t4weqQLKV8ipfEgrf",
  "json_metadata": "{\"profile\":{\"name\":\"Perspective Cove\",\"about\":\"Providing some perspective on blockchain and cryptocurrency.\",\"location\":\"Singapore\"}}",
  "posting_json_metadata": "{\"profile\":{\"name\":\"Perspective Cove\",\"about\":\"Providing some perspective on blockchain and cryptocurrency.\",\"location\":\"Singapore\"}}",
  "proxy": "",
  "last_owner_update": "1970-01-01T00:00:00",
  "last_account_update": "2018-05-10T09:13:06",
  "created": "2017-12-26T16:48:42",
  "mined": false,
  "recovery_account": "steem",
  "last_account_recovery": "1970-01-01T00:00:00",
  "reset_account": "null",
  "comment_count": 0,
  "lifetime_vote_count": 0,
  "post_count": 4,
  "can_vote": true,
  "voting_manabar": {
    "current_mana": "8143659806",
    "last_update_time": 1779080532
  },
  "downvote_manabar": {
    "current_mana": 2035914951,
    "last_update_time": 1779080532
  },
  "voting_power": 0,
  "balance": "0.000 STEEM",
  "savings_balance": "0.000 STEEM",
  "sbd_balance": "0.000 SBD",
  "sbd_seconds": "0",
  "sbd_seconds_last_update": "1970-01-01T00:00:00",
  "sbd_last_interest_payment": "1970-01-01T00:00:00",
  "savings_sbd_balance": "0.000 SBD",
  "savings_sbd_seconds": "0",
  "savings_sbd_seconds_last_update": "1970-01-01T00:00:00",
  "savings_sbd_last_interest_payment": "1970-01-01T00:00:00",
  "savings_withdraw_requests": 0,
  "reward_sbd_balance": "0.000 SBD",
  "reward_steem_balance": "0.000 STEEM",
  "reward_vesting_balance": "44.744512 VESTS",
  "reward_vesting_steem": "0.022 STEEM",
  "vesting_shares": "1024.859857 VESTS",
  "delegated_vesting_shares": "0.000000 VESTS",
  "received_vesting_shares": "7118.799949 VESTS",
  "vesting_withdraw_rate": "0.000000 VESTS",
  "next_vesting_withdrawal": "1969-12-31T23:59:59",
  "withdrawn": 0,
  "to_withdraw": 0,
  "withdraw_routes": 0,
  "curation_rewards": 3,
  "posting_rewards": 19,
  "proxied_vsf_votes": [
    0,
    0,
    0,
    0
  ],
  "witnesses_voted_for": 0,
  "last_post": "2018-07-19T16:16:15",
  "last_root_post": "2018-07-19T16:16:15",
  "last_vote_time": "2018-07-20T04:56:18",
  "post_bandwidth": 0,
  "pending_claimed_accounts": 0,
  "vesting_balance": "0.000 STEEM",
  "reputation": 206296188,
  "transfer_history": [],
  "market_history": [],
  "post_history": [],
  "vote_history": [],
  "other_history": [],
  "witness_votes": [],
  "tags_usage": [],
  "guest_bloggers": [],
  "rank": 752398
}

Withdraw Routes

IncomingOutgoing
Empty
Empty
{
  "incoming": [],
  "outgoing": []
}
From Date
To Date
steemdelegated 4.380 SP to @perspectivecove
2026/05/18 05:02:12
delegatorsteem
delegateeperspectivecove
vesting shares7118.799949 VESTS
Transaction InfoBlock #106149162/Trx 3bc386958e68137cbda3e14781dc13b1b58effe5
View Raw JSON Data
{
  "trx_id": "3bc386958e68137cbda3e14781dc13b1b58effe5",
  "block": 106149162,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-05-18T05:02:12",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "perspectivecove",
      "vesting_shares": "7118.799949 VESTS"
    }
  ]
}
steemdelegated 2.711 SP to @perspectivecove
2026/05/12 23:15:30
delegatorsteem
delegateeperspectivecove
vesting shares4406.589544 VESTS
Transaction InfoBlock #105998961/Trx e79187d14314156884e6335b7b938304b2cccc75
View Raw JSON Data
{
  "trx_id": "e79187d14314156884e6335b7b938304b2cccc75",
  "block": 105998961,
  "trx_in_block": 4,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-05-12T23:15:30",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "perspectivecove",
      "vesting_shares": "4406.589544 VESTS"
    }
  ]
}
steemdelegated 4.387 SP to @perspectivecove
2026/04/26 04:15:54
delegatorsteem
delegateeperspectivecove
vesting shares7131.315705 VESTS
Transaction InfoBlock #105516683/Trx 799a7e6b3b7d30740cc5dec8ee9c1a7b9828771d
View Raw JSON Data
{
  "trx_id": "799a7e6b3b7d30740cc5dec8ee9c1a7b9828771d",
  "block": 105516683,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-04-26T04:15:54",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "perspectivecove",
      "vesting_shares": "7131.315705 VESTS"
    }
  ]
}
steemdelegated 2.737 SP to @perspectivecove
2026/01/23 20:39:36
delegatorsteem
delegateeperspectivecove
vesting shares4448.136363 VESTS
Transaction InfoBlock #102867216/Trx f10ce0bc3f1040dd8fe0df24b87632a8a1ec0e25
View Raw JSON Data
{
  "trx_id": "f10ce0bc3f1040dd8fe0df24b87632a8a1ec0e25",
  "block": 102867216,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-01-23T20:39:36",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "perspectivecove",
      "vesting_shares": "4448.136363 VESTS"
    }
  ]
}
steemdelegated 2.838 SP to @perspectivecove
2024/12/17 15:50:30
delegatorsteem
delegateeperspectivecove
vesting shares4612.355560 VESTS
Transaction InfoBlock #91313446/Trx 08791034bfb07f4fdb00aba07a90ae9563496758
View Raw JSON Data
{
  "trx_id": "08791034bfb07f4fdb00aba07a90ae9563496758",
  "block": 91313446,
  "trx_in_block": 6,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2024-12-17T15:50:30",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "perspectivecove",
      "vesting_shares": "4612.355560 VESTS"
    }
  ]
}
steemdelegated 2.942 SP to @perspectivecove
2023/11/14 07:31:45
delegatorsteem
delegateeperspectivecove
vesting shares4781.489092 VESTS
Transaction InfoBlock #79867604/Trx 88032abea4c898a38477ebc4c50d313f393555ab
View Raw JSON Data
{
  "trx_id": "88032abea4c898a38477ebc4c50d313f393555ab",
  "block": 79867604,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2023-11-14T07:31:45",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "perspectivecove",
      "vesting_shares": "4781.489092 VESTS"
    }
  ]
}
steemdelegated 4.749 SP to @perspectivecove
2023/09/22 08:54:18
delegatorsteem
delegateeperspectivecove
vesting shares7718.397878 VESTS
Transaction InfoBlock #78361088/Trx fbf0abd075a782411a91da9dd49771c3bcf4502c
View Raw JSON Data
{
  "trx_id": "fbf0abd075a782411a91da9dd49771c3bcf4502c",
  "block": 78361088,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2023-09-22T08:54:18",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "perspectivecove",
      "vesting_shares": "7718.397878 VESTS"
    }
  ]
}
steemdelegated 4.885 SP to @perspectivecove
2022/11/03 16:33:36
delegatorsteem
delegateeperspectivecove
vesting shares7940.449316 VESTS
Transaction InfoBlock #69119063/Trx e18580b4efdd88285e9a1ca8833be1fa1c28ce84
View Raw JSON Data
{
  "trx_id": "e18580b4efdd88285e9a1ca8833be1fa1c28ce84",
  "block": 69119063,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2022-11-03T16:33:36",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "perspectivecove",
      "vesting_shares": "7940.449316 VESTS"
    }
  ]
}
steemdelegated 5.021 SP to @perspectivecove
2022/01/17 21:53:18
delegatorsteem
delegateeperspectivecove
vesting shares8160.556917 VESTS
Transaction InfoBlock #60822463/Trx cbd8d212570618d6c7a64b73d42e643e72570e9d
View Raw JSON Data
{
  "trx_id": "cbd8d212570618d6c7a64b73d42e643e72570e9d",
  "block": 60822463,
  "trx_in_block": 69,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2022-01-17T21:53:18",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "perspectivecove",
      "vesting_shares": "8160.556917 VESTS"
    }
  ]
}
steemdelegated 5.134 SP to @perspectivecove
2021/06/14 05:07:18
delegatorsteem
delegateeperspectivecove
vesting shares8344.751205 VESTS
Transaction InfoBlock #54612855/Trx 9165278e33971fa99af7626381196f6372d0290f
View Raw JSON Data
{
  "trx_id": "9165278e33971fa99af7626381196f6372d0290f",
  "block": 54612855,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2021-06-14T05:07:18",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "perspectivecove",
      "vesting_shares": "8344.751205 VESTS"
    }
  ]
}
steemdelegated 5.249 SP to @perspectivecove
2020/12/11 15:20:39
delegatorsteem
delegateeperspectivecove
vesting shares8532.173179 VESTS
Transaction InfoBlock #49360156/Trx 9e3ac959a4087123aa7e3efd802c96ff38bb85f9
View Raw JSON Data
{
  "trx_id": "9e3ac959a4087123aa7e3efd802c96ff38bb85f9",
  "block": 49360156,
  "trx_in_block": 4,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-12-11T15:20:39",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "perspectivecove",
      "vesting_shares": "8532.173179 VESTS"
    }
  ]
}
steemdelegated 1.177 SP to @perspectivecove
2020/12/06 08:56:48
delegatorsteem
delegateeperspectivecove
vesting shares1912.543513 VESTS
Transaction InfoBlock #49211686/Trx ff6369616384c96eac6f81ca4abb3f9e47515370
View Raw JSON Data
{
  "trx_id": "ff6369616384c96eac6f81ca4abb3f9e47515370",
  "block": 49211686,
  "trx_in_block": 7,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-12-06T08:56:48",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "perspectivecove",
      "vesting_shares": "1912.543513 VESTS"
    }
  ]
}
steemdelegated 5.253 SP to @perspectivecove
2020/12/05 18:58:30
delegatorsteem
delegateeperspectivecove
vesting shares8538.381033 VESTS
Transaction InfoBlock #49195238/Trx 1960ebe4c1c7377bc9efda655370719db3136f40
View Raw JSON Data
{
  "trx_id": "1960ebe4c1c7377bc9efda655370719db3136f40",
  "block": 49195238,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-12-05T18:58:30",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "perspectivecove",
      "vesting_shares": "8538.381033 VESTS"
    }
  ]
}
steemdelegated 1.181 SP to @perspectivecove
2020/11/03 00:23:12
delegatorsteem
delegateeperspectivecove
vesting shares1920.017158 VESTS
Transaction InfoBlock #48268101/Trx 5434092b3dcb0bc76d4b4146801338239b43ee1b
View Raw JSON Data
{
  "trx_id": "5434092b3dcb0bc76d4b4146801338239b43ee1b",
  "block": 48268101,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-11-03T00:23:12",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "perspectivecove",
      "vesting_shares": "1920.017158 VESTS"
    }
  ]
}
steemdelegated 5.378 SP to @perspectivecove
2020/05/09 09:58:33
delegatorsteem
delegateeperspectivecove
vesting shares8741.186392 VESTS
Transaction InfoBlock #43222000/Trx 4864f3a6a4a68f0a0dcc1b7e817c82ad74ec35da
View Raw JSON Data
{
  "trx_id": "4864f3a6a4a68f0a0dcc1b7e817c82ad74ec35da",
  "block": 43222000,
  "trx_in_block": 12,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-05-09T09:58:33",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "perspectivecove",
      "vesting_shares": "8741.186392 VESTS"
    }
  ]
}
steemdelegated 1.202 SP to @perspectivecove
2020/05/08 14:12:57
delegatorsteem
delegateeperspectivecove
vesting shares1953.311140 VESTS
Transaction InfoBlock #43198845/Trx 672037008f1ab9878e7c7457ba147e06cddf2f40
View Raw JSON Data
{
  "trx_id": "672037008f1ab9878e7c7457ba147e06cddf2f40",
  "block": 43198845,
  "trx_in_block": 18,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-05-08T14:12:57",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "perspectivecove",
      "vesting_shares": "1953.311140 VESTS"
    }
  ]
}
2019/12/26 17:51:57
parent authorperspectivecove
parent permlinkregulation-catalyst-or-catastrophe-for-innovation
authorsteemitboard
permlinksteemitboard-notify-perspectivecove-20191226t175157000z
title
bodyCongratulations @perspectivecove! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@perspectivecove/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table> <sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@perspectivecove) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=perspectivecove)_</sub> ###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!
json metadata{"image":["https://steemitboard.com/img/notify.png"]}
Transaction InfoBlock #39381235/Trx 67c836d1caa1b323566d86c6870f1f289a2c9707
View Raw JSON Data
{
  "trx_id": "67c836d1caa1b323566d86c6870f1f289a2c9707",
  "block": 39381235,
  "trx_in_block": 35,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-12-26T17:51:57",
  "op": [
    "comment",
    {
      "parent_author": "perspectivecove",
      "parent_permlink": "regulation-catalyst-or-catastrophe-for-innovation",
      "author": "steemitboard",
      "permlink": "steemitboard-notify-perspectivecove-20191226t175157000z",
      "title": "",
      "body": "Congratulations @perspectivecove! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@perspectivecove/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@perspectivecove) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=perspectivecove)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}"
    }
  ]
}
steemdelegated 5.456 SP to @perspectivecove
2019/09/27 16:08:06
delegatorsteem
delegateeperspectivecove
vesting shares8868.112814 VESTS
Transaction InfoBlock #36792171/Trx d3189f5e2845ae9b8b814764d1dabace856c1909
View Raw JSON Data
{
  "trx_id": "d3189f5e2845ae9b8b814764d1dabace856c1909",
  "block": 36792171,
  "trx_in_block": 8,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-09-27T16:08:06",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "perspectivecove",
      "vesting_shares": "8868.112814 VESTS"
    }
  ]
}
2018/12/26 17:42:36
parent authorperspectivecove
parent permlinkregulation-catalyst-or-catastrophe-for-innovation
authorsteemitboard
permlinksteemitboard-notify-perspectivecove-20181226t174236000z
title
bodyCongratulations @perspectivecove! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@perspectivecove/birthday1.png</td><td>1 Year on Steemit</td></tr></table> <sub>_[Click here to view your Board](https://steemitboard.com/@perspectivecove)_</sub> **Do not miss the last post from @steemitboard:** <table><tr><td><a href="https://steemit.com/christmas/@steemitboard/christmas-challenge-send-a-gift-to-to-your-friends-the-party-continues"><img src="https://steemitimages.com/64x128/http://i.cubeupload.com/kf4SJb.png"></a></td><td><a href="https://steemit.com/christmas/@steemitboard/christmas-challenge-send-a-gift-to-to-your-friends-the-party-continues">Christmas Challenge - The party continues</a></td></tr><tr><td><a href="https://steemit.com/christmas/@steemitboard/christmas-challenge-send-a-gift-to-to-your-friends"><img src="https://steemitimages.com/64x128/http://i.cubeupload.com/kf4SJb.png"></a></td><td><a href="https://steemit.com/christmas/@steemitboard/christmas-challenge-send-a-gift-to-to-your-friends">Christmas Challenge - Send a gift to to your friends</a></td></tr></table> > Support [SteemitBoard's project](https://steemit.com/@steemitboard)! **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!
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      "body": "Congratulations @perspectivecove! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@perspectivecove/birthday1.png</td><td>1 Year on Steemit</td></tr></table>\n\n<sub>_[Click here to view your Board](https://steemitboard.com/@perspectivecove)_</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/christmas/@steemitboard/christmas-challenge-send-a-gift-to-to-your-friends-the-party-continues\"><img src=\"https://steemitimages.com/64x128/http://i.cubeupload.com/kf4SJb.png\"></a></td><td><a href=\"https://steemit.com/christmas/@steemitboard/christmas-challenge-send-a-gift-to-to-your-friends-the-party-continues\">Christmas Challenge - The party continues</a></td></tr><tr><td><a href=\"https://steemit.com/christmas/@steemitboard/christmas-challenge-send-a-gift-to-to-your-friends\"><img src=\"https://steemitimages.com/64x128/http://i.cubeupload.com/kf4SJb.png\"></a></td><td><a href=\"https://steemit.com/christmas/@steemitboard/christmas-challenge-send-a-gift-to-to-your-friends\">Christmas Challenge - Send a gift to to your friends</a></td></tr></table>\n\n> Support [SteemitBoard's project](https://steemit.com/@steemitboard)! **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!",
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steemdelegated 5.578 SP to @perspectivecove
2018/10/19 06:43:27
delegatorsteem
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steemdelegated 18.033 SP to @perspectivecove
2018/09/09 08:55:36
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perspectivecovereceived 0.004 SP curation reward for @gobbelobbelobbe / 20180720t005847974z
2018/07/27 00:58:48
curatorperspectivecove
reward6.081862 VESTS
comment authorgobbelobbelobbe
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2018/07/20 04:56:18
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2018/07/20 01:59:36
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2018/07/20 01:59:15
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2018/07/20 01:28:36
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2018/07/19 16:16:24
voterfastresteem
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2018/07/19 16:16:15
parent author
parent permlinkcryptocurrency
authorperspectivecove
permlinkregulation-catalyst-or-catastrophe-for-innovation
titleRegulation: Catalyst or Catastrophe for Innovation?
bodyThe blockchain and cryptocurrency ecosystem has come a long way since its early days in 2009. From being largely associated with seedy dark web nests and esoteric gaming enclaves, it has evolved into a vibrant ecosystem of varied projects ranging from currencies, to enterprise solutions, platforms, and/or privacy solutions, applicable across various industries. Yet, with the meteoric growth the ecosystem has seen, and the increasing institutional involvement in the space, there is a need to talk about the regulatory elephant in the room. ![Notes_180719_085556_17a-page-001.jpg](https://cdn.steemitimages.com/DQmccEhpeHBkFHKy8uRfxPeAheJpCmpCH5CUM1ifoNEkUWV/Notes_180719_085556_17a-page-001.jpg) ![Notes_180719_085556_17a-page-002.jpg](https://cdn.steemitimages.com/DQmYcba8WBWuVo18PntbLaukb3bBhQJuxWWMY5rKpx3YLMQ/Notes_180719_085556_17a-page-002.jpg) Regulation could come in various forms, and while different in their approaches, they do share a common trait; namely, the provision of structure. Structure may seem counterintuitive to fostering an innovative space, however throughout history, structure has proven to be crucial to the growth and survival of any sort of innovative movement. One such example is the argument for Net neutrality (the principle that Internet Service Providers do not discriminate against content in any way) as introduced by the Federal Communications Commission’s Open Internet Order in 2010[[1]](https://apps.fcc.gov/edocs_public/attachmatch/FCC-10-201A1_Rcd.pdf). These principles arguably facilitate an innovative environment by allowing freedom of expression to the masses without any form of discrimination. The FCC’s Open Internet Order structures an even, competitive playing field for all actors, from MNCs to SMEs. Placing this topic in a cryptocurrency context; a spectrum of regulatory approaches has arisen within the ecosystem. There is the ‘hands-off’ approach as adopted by the Monetary Authority of Singapore, which has largely chosen not to regulate cryptocurrencies, except for ICOs with tokens sharing similar traits to stocks (for the purpose of investor protection)[ [2]](http://www.mas.gov.sg/News-and-Publications/Parliamentary-Replies/2018/Reply-to-Parliamentary-Question-on-banning-the-trading-of-bitcoin-currency-or-cryptocurrency.aspx). Other economies like Japan have taken a more measured approach, banning ICOs while remaining supportive of the crypto market, and even going so far as to declare Bitcoin as a legal currency[[3]](https://www.cnbc.com/2017/09/29/bitcoin-exchanges-officially-recognized-by-japan.html). And in some extremes, a blanket “ban-it-all” approach has been adopted by countries like Pakistan, with central banks banning all banks and financial providers from working with entities engaging in cryptocurrencies [[4]](https://btcmanager.com/india-and-pakistan-crackdown-on-cryptocurrencies/). It is important to note that Government bodies are not the sole proprietors of cryptocurrency regulation. The recent years have shown an emergence of self-regulating bodies such as the ICO Governance Foundation [[5]](https://icogovernance.org/) or the Japanese Cryptocurrency Exchange Association [[6]](https://www.newsbtc.com/2018/04/24/japanese-cryptocurrency-exchange-association-aims-to-restore-public-confidence/). Instead of looking to a centralised authority for direction, these community-led entities move the onus of oversight onto themselves. Today, the bulk of cryptocurrency activity comes from more progressive and regulated markets such as Japan, Korea and Switzerland [[7]](https://www.tokentarget.com/countries-leading-the-blockchain-innovation-movement/). All these countries have seen a spike in blockchain and cryptocurrency talent and adoption since their introduction of market-friendly directives. Meanwhile, the harsher climates of China and India have led to a talent ‘brain drain’, with numerous blockchain and cryptocurrency projects departing for greener pastures. As observed, regulation if done right, has the potential to bring about 3 main benefits: # **Regulatory policy can aid in punishing companies exhibiting malicious behaviour, and encourage trust and stability in the community.**<h1> The numerous scams and questionable conduct within the community argues that oversight is needed in the ecosystem. For instance, the presence of existing legal institutions allows for punitive actions to be taken against deceptive practices in the market (i.e. corporate fraud or ponzi schemes[[8]](http://www.visualcapitalist.com/infographic-stock-fraud/)). Many cases have already been documented (For instance, the CFTC Charging Entrepreneurs Headquarters Ltd [[9]](https://www.cftc.gov/PressRoom/PressReleases/pr7674-18)), and the punishment of fraudulent schemes has served to encourage new and existing investors toward the crypto space. Stability and structure will only foster greater public trust and confidence in the blockchain ecosystem. # **Regulation can help to make ICOs more transparent, thereby encouraging investor confidence.** <h2> With the trust and stability brought about by a regulatory presence, more investors will be encouraged to participate in ICOs and the secondary market. This in turn will increase the investor base, make the crypto market more liquid and encourage a higher volume of activity within the market (see figure 1 below). Instances of Government bodies acting to protect investor interests are not uncommon. Looking at the US Securities and Exchange Commission as an example, the authority was created “to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation” [[10]](https://www.sec.gov/about.shtml). This organization’s actions in the blockchain ecosystem arguably puts forward a strong case for regulatory involvement. Over the recent months, the SEC has probed cryptocurrency companies for disclosures on their ICO process [[11]](https://www.wsj.com/articles/sec-launches-cryptocurrency-probe-1519856266), so that investors would be better equipped to perform their due diligence and make more informed decisions. Improving the transparency of ICOs has an added benefit of encouraging a more efficient allocation of funding towards more deserving projects. ![pasted image 0.png](https://cdn.steemitimages.com/DQmddFpEQRWA8F3DCvq5XCXL7WhWHn91qC4e5P7WEgVCzhr/pasted%20image%200.png) Figure 1: Daily Cryptocurrency Transactions have been drastically increasing over the past 2 years. Notably, a significant portion of these transactions are made in Ethereum. This may be attributed to most ICOs only allowing for ETH and BTC buy-ins. [[12]](https://www.coindesk.com/research/state-blockchain-2018/?slide=16) # **A healthier market attracts talent.** <h3> The surge in ICOs over the recent of years has changed the landscape of the cryptocurrency and blockchain ecosystem into a state of vibrance. With so many notable events happening by the minute, there is never a dull moment in the market. One such observable trend is the influx of talent into the industry, talent attracted by the premise of rapid, large-scale fundraising for a wide breadth of projects. The ecosystem has even attracted top talent from leading financial institutions and technology groups (for instance, the recent hire of the former CFO of Commonwealth bank by EOS [[13]](https://cointelegraph.com/news/cfo-of-australias-commonwealth-bank-quits-role-to-join-eos-token-developer-blockone)). While the blockchain technological movement is still in its infancy stages, having more regulatory input will improve the quality and health of the blockchain ecosystem (i.e. trust, stability, investor base), which in turn will attract more talent to the booming industry. While the introduction of regulation into the ecosystem does have its benefits, it also introduces some potential risks of its own, namely around the threat of excessively restrictive policies arising as result of introducing regulation. # **Innovators and entrepreneurs can be bogged down by red tape.** <h4> One highly plausible risk would be red tape requirements impeding innovators and entrepreneurs. The adherence to regulatory policy may result in companies facing excessive red tape [[14](https://doi.org/10.1111/padm.12098),[15](http://www.oecd.org/site/govgfg/39609018.pdf),[16](http://fortune.com/red-tape-business-regulations/)], discouraging anyone from pushing boundaries or challenging paradigms. This could in turn lead to a decline in disruptive innovation emerging from the ecosystem and an eventual brain drain. # **Regulatory policy may not be able to keep up with a rapidly changing landscape.** <h5> Implementing new policies can be a long and arduous process, depending on numerous qualitative (controversialness of the topic, public opinion) and quantitative (models/projections, costs) factors[[17]](http://thehill.com/blogs/pundits-blog/the-administration/242468-why-does-it-take-so-long-to-issue-a-regulation). One such example is the publishing of the Formaldehyde Emission standards by the Environmental Protection Agency. This act was signed by President Obama in 2010, drafted by the EPA in 2013, and finally published in December 2016 [[18]](https://www.epa.gov/formaldehyde/formaldehyde-emission-standards-composite-wood-products). Since its inception, it took 6 years to become effective. In a high growth blockchain and cryptocurrency ecosystem, change occurs at a breakneck speed, making it imperative that regulations keep up with new developments. The deliberate and often lengthy process of introducing policies through traditional regulatory channels could potentially put policies at risk of obsolescence by the time they are finally approved. Adding further to this risk, regulatory bodies may opt for a blanket ban to attempt to reinstate control and/or buy themselves more time to better understand the situation. This has presented itself in recent disruptive technologies in the sharing economy space. For instance, organisations such as Uber and Airbnb have found themselves being declared illegal in certain countries and states [[19](https://www.politico.com/states/new-york/albany/story/2018/06/26/airbnb-under-microscope-as-council-considers-controversial-regulatory-action-490484),[20](https://detroit.curbed.com/2018/2/8/16991266/detroit-banned-airbnb-zoning),[21](https://www.independent.co.uk/travel/news-and-advice/uber-ban-countries-where-world-taxi-app-europe-taxi-us-states-china-asia-legal-a7707436.html)]. Such drastic action would cripple innovative movements and cast doubt on a corporation’s foreseeable operations. # **Selfish or malicious regulatory bodies may push their own agenda.** <h6> Another highly plausible risk of surrendering the regulatory power to regulatory bodies is the risk of these bodies lobbying for and introducing self-serving agendas of their own instead of looking out for the best interests of the ecosystem (for instance, the controversy surrounding the FCC and Ajit Pai’s repealing of Obama-era Net Neutrality rules [[22]](https://www.cnbc.com/2018/06/11/fcc-chairman-ajit-pai-skeptical-of-state-efforts-to-save-net-neutrality.html)). Unfortunately, not much can be done to prove/enforce honest and unbiased decisions among institutional regulatory bodies. In this regard, it is up to the people to fight and ensure that their views are fairly represented, and each member of the community is given an outlet to voice his or her opinions. This is not a question of should we regulate the future, but rather, how do we regulate the future? Regrettably, the pros and cons do not cancel out to give a definitive answer. Regulation done right could structure the technological movement and allow it to be the enabler that the community envisions it to be. Done wrong, and the technological movement could be snubbed out and written off as a bubble of irrational exuberance. Ultimately, regulation is not to be feared; but rather fostered collaboratively by all those involved. While existing regulating bodies have a powerful role in facilitating or impeding this paradigm shift, the onus too lies with the community making fair representation, open dialogue and unbiased education with uninformed stakeholders and key decision makers alike. As Uncle Ben once said, “with great power comes great responsibility”, now it’s up to us to each take that responsibility seriously and collaboratively strive for a happier and healthier regulatory environment. # **About the team** We are a Singapore based team of consultants with experience working with leading blockchain and technology companies around the world. With backgrounds in fintech, recruitment and strategy consulting, we look to provide a holistic and unique perspective on topics relevant to the blockchain industry while continuing to play our part in growing the ecosystem. Reach out to us if you’re keen to connect, we’re always open to meeting new people who are passionate about the space! **Francis-John Ho** https://www.linkedin.com/in/francis-john-ho-a3727bb5/ **Jonathan Ng** https://www.linkedin.com/in/jonathan-ng-01a652128/ **References** [1]https://apps.fcc.gov/edocs_public/attachmatch/FCC-10-201A1_Rcd.pdf [2]http://www.mas.gov.sg/News-and-Publications/Parliamentary-Replies/2018/Reply-to-Parliamentary-Question-on-banning-the-trading-of-bitcoin-currency-or-cryptocurrency.aspx [3]https://www.cnbc.com/2017/09/29/bitcoin-exchanges-officially-recognized-by-japan.html [4]https://btcmanager.com/india-and-pakistan-crackdown-on-cryptocurrencies/ [5]https://icogovernance.org/ [6]https://www.newsbtc.com/2018/04/24/japanese-cryptocurrency-exchange-association-aims-to-restore-public-confidence/ [7]https://www.tokentarget.com/countries-leading-the-blockchain-innovation-movement/ [8]http://www.visualcapitalist.com/infographic-stock-fraud/ [9]https://www.cftc.gov/PressRoom/PressReleases/pr7674-18 [10]https://www.sec.gov/about.shtml [11]https://www.wsj.com/articles/sec-launches-cryptocurrency-probe-1519856266 [12]https://www.coindesk.com/research/state-blockchain-2018/?slide=16 [13]https://cointelegraph.com/news/cfo-of-australias-commonwealth-bank-quits-role-to-join-eos-token-developer-blockone [14]https://doi.org/10.1111/padm.12098 [15]http://www.oecd.org/site/govgfg/39609018.pdf [16]http://fortune.com/red-tape-business-regulations/ [17]http://thehill.com/blogs/pundits-blog/the-administration/242468-why-does-it-take-so-long-to-issue-a-regulation [18]https://www.epa.gov/formaldehyde/formaldehyde-emission-standards-composite-wood-products [19]https://www.politico.com/states/new-york/albany/story/2018/06/26/airbnb-under-microscope-as-council-considers-controversial-regulatory-action-490484 [20]https://detroit.curbed.com/2018/2/8/16991266/detroit-banned-airbnb-zoning [21]https://www.independent.co.uk/travel/news-and-advice/uber-ban-countries-where-world-taxi-app-europe-taxi-us-states-china-asia-legal-a7707436.html [22]https://www.cnbc.com/2018/06/11/fcc-chairman-ajit-pai-skeptical-of-state-efforts-to-save-net-neutrality.html
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      "author": "perspectivecove",
      "permlink": "regulation-catalyst-or-catastrophe-for-innovation",
      "title": "Regulation: Catalyst or Catastrophe for Innovation?",
      "body": "The blockchain and cryptocurrency ecosystem has come a long way since its early days in 2009. From being largely associated with seedy dark web nests and esoteric gaming enclaves, it has evolved into a vibrant ecosystem of varied projects ranging from currencies, to enterprise solutions, platforms, and/or privacy solutions, applicable across various industries. Yet, with the meteoric growth the ecosystem has seen, and the increasing institutional involvement in the space, there is a need to talk about the regulatory elephant in the room.\n\n![Notes_180719_085556_17a-page-001.jpg](https://cdn.steemitimages.com/DQmccEhpeHBkFHKy8uRfxPeAheJpCmpCH5CUM1ifoNEkUWV/Notes_180719_085556_17a-page-001.jpg)\n![Notes_180719_085556_17a-page-002.jpg](https://cdn.steemitimages.com/DQmYcba8WBWuVo18PntbLaukb3bBhQJuxWWMY5rKpx3YLMQ/Notes_180719_085556_17a-page-002.jpg)\nRegulation could come in various forms, and while different in their approaches, they do share a common trait; namely, the provision of structure. Structure may seem counterintuitive to fostering an innovative space, however throughout history, structure has proven to be crucial to the growth and survival of any sort of innovative movement.\n\nOne such example is the argument for Net neutrality (the principle that Internet Service Providers do not discriminate against content in any way) as introduced by the Federal Communications Commission’s Open Internet Order in 2010[[1]](https://apps.fcc.gov/edocs_public/attachmatch/FCC-10-201A1_Rcd.pdf). These principles arguably facilitate an innovative environment by allowing freedom of expression to the masses without any form of discrimination. The FCC’s Open Internet Order structures an even, competitive playing field for all actors, from MNCs to SMEs.\n\nPlacing this topic in a cryptocurrency context; a spectrum of regulatory approaches has arisen within the ecosystem. There is the ‘hands-off’ approach as adopted by the Monetary Authority of Singapore, which has largely chosen not to regulate cryptocurrencies, except for ICOs with tokens sharing similar traits to stocks (for the purpose of investor protection)[ [2]](http://www.mas.gov.sg/News-and-Publications/Parliamentary-Replies/2018/Reply-to-Parliamentary-Question-on-banning-the-trading-of-bitcoin-currency-or-cryptocurrency.aspx). Other economies like Japan have taken a more measured approach, banning ICOs while remaining supportive of the crypto market, and even going so far as to declare Bitcoin as a legal currency[[3]](https://www.cnbc.com/2017/09/29/bitcoin-exchanges-officially-recognized-by-japan.html). And in some extremes, a blanket “ban-it-all” approach has been adopted by countries like Pakistan, with central banks banning all banks and financial providers from working with entities engaging in cryptocurrencies [[4]](https://btcmanager.com/india-and-pakistan-crackdown-on-cryptocurrencies/).\n\nIt is important to note that Government bodies are not the sole proprietors of cryptocurrency regulation. The recent years have shown an emergence of self-regulating bodies such as the ICO Governance Foundation [[5]](https://icogovernance.org/) or the Japanese Cryptocurrency Exchange Association [[6]](https://www.newsbtc.com/2018/04/24/japanese-cryptocurrency-exchange-association-aims-to-restore-public-confidence/). Instead of looking to a centralised authority for direction, these community-led entities move the onus of oversight onto themselves. \n\nToday, the bulk of cryptocurrency activity comes from more progressive and regulated markets such as Japan, Korea and Switzerland [[7]](https://www.tokentarget.com/countries-leading-the-blockchain-innovation-movement/). All these countries have seen a spike in blockchain and cryptocurrency talent and adoption since their introduction of market-friendly directives. Meanwhile, the harsher climates of China and India have led to a talent ‘brain drain’, with numerous blockchain and cryptocurrency projects departing for greener pastures.  As observed, regulation if done right, has the potential to bring about 3 main benefits:\n\n# **Regulatory policy can aid in punishing companies exhibiting malicious behaviour, and encourage trust and stability in the community.**<h1>\n\nThe numerous scams and questionable conduct within the community argues that oversight is needed in the ecosystem. For instance, the presence of existing legal institutions allows for punitive actions to be taken against deceptive practices in the market (i.e. corporate fraud or ponzi schemes[[8]](http://www.visualcapitalist.com/infographic-stock-fraud/)). Many cases have already been documented (For instance, the CFTC Charging Entrepreneurs Headquarters Ltd [[9]](https://www.cftc.gov/PressRoom/PressReleases/pr7674-18)), and the punishment of fraudulent schemes has served to encourage new and existing investors toward the crypto space. Stability and structure will only foster greater public trust and confidence in the blockchain ecosystem. \n\n# **Regulation can help to make ICOs more transparent, thereby encouraging investor confidence.** <h2>\n\nWith the trust and stability brought about by a regulatory presence, more investors will be encouraged to participate in ICOs and the secondary market. This in turn will increase the investor base, make the crypto market more liquid and encourage a higher volume of activity within the market (see figure 1 below). Instances of Government bodies acting to protect investor interests are not uncommon. Looking at the US Securities and Exchange Commission as an example, the authority was created “to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation” [[10]](https://www.sec.gov/about.shtml). This organization’s actions in the blockchain ecosystem arguably puts forward a strong case for regulatory involvement. Over the recent months, the SEC has probed cryptocurrency companies for disclosures on their ICO process [[11]](https://www.wsj.com/articles/sec-launches-cryptocurrency-probe-1519856266), so that investors would be better equipped to perform their due diligence and make more informed decisions. Improving the transparency of ICOs has an added benefit of encouraging a more efficient allocation of funding towards more deserving projects.\n\n![pasted image 0.png](https://cdn.steemitimages.com/DQmddFpEQRWA8F3DCvq5XCXL7WhWHn91qC4e5P7WEgVCzhr/pasted%20image%200.png)\n \nFigure 1: Daily Cryptocurrency Transactions have been drastically increasing over the past 2 years. Notably, a significant portion of these transactions are made in Ethereum. This may be attributed to most ICOs only allowing for ETH and BTC buy-ins. [[12]](https://www.coindesk.com/research/state-blockchain-2018/?slide=16)\n\n# **A healthier market attracts talent.** <h3>\n\nThe surge in ICOs over the recent of years has changed the landscape of the cryptocurrency and blockchain ecosystem into a state of vibrance. With so many notable events happening by the minute, there is never a dull moment in the market. One such observable trend is the influx of talent into the industry, talent attracted by the premise of rapid, large-scale fundraising for a wide breadth of projects. The ecosystem has even attracted top talent from leading financial institutions and technology groups  (for instance, the recent hire of the former CFO of Commonwealth bank by EOS [[13]](https://cointelegraph.com/news/cfo-of-australias-commonwealth-bank-quits-role-to-join-eos-token-developer-blockone)). While the blockchain technological movement is still in its infancy stages, having more regulatory input will improve the quality and health of the blockchain ecosystem (i.e. trust, stability, investor base), which in turn will attract more talent to the booming industry.\n\nWhile the introduction of regulation into the ecosystem does have its benefits, it also introduces some potential risks of its own, namely around the threat of excessively restrictive policies arising as result of introducing regulation.\n\n# **Innovators and entrepreneurs can be bogged down by red tape.** <h4>\n\nOne highly plausible risk would be red tape requirements impeding innovators and entrepreneurs. The adherence to regulatory policy may result in companies facing excessive red tape [[14](https://doi.org/10.1111/padm.12098),[15](http://www.oecd.org/site/govgfg/39609018.pdf),[16](http://fortune.com/red-tape-business-regulations/)], discouraging anyone from pushing boundaries or challenging paradigms. This could in turn lead to a decline in disruptive innovation emerging from the ecosystem and an eventual brain drain.\n\n# **Regulatory policy may not be able to keep up with a rapidly changing landscape.** <h5>\n\nImplementing new policies can be a long and arduous process, depending on numerous qualitative (controversialness of the topic, public opinion) and quantitative (models/projections, costs) factors[[17]](http://thehill.com/blogs/pundits-blog/the-administration/242468-why-does-it-take-so-long-to-issue-a-regulation). One such example is the publishing of the Formaldehyde Emission standards by the Environmental Protection Agency. This act was signed by President Obama in 2010, drafted by the EPA in 2013, and finally published in December 2016 [[18]](https://www.epa.gov/formaldehyde/formaldehyde-emission-standards-composite-wood-products). Since its inception, it took 6 years to become effective. \n\nIn a high growth blockchain and cryptocurrency ecosystem, change occurs at a breakneck speed, making it imperative that regulations keep up with new developments. The deliberate and often lengthy process of introducing policies through traditional regulatory channels could potentially put policies at risk of obsolescence by the time they are finally approved. Adding further to this risk, regulatory bodies may opt for a blanket ban to attempt to reinstate control and/or buy themselves more time to better understand the situation. This has presented itself in recent disruptive technologies in the sharing economy space. For instance, organisations such as Uber and Airbnb have found themselves being declared illegal in certain countries and states [[19](https://www.politico.com/states/new-york/albany/story/2018/06/26/airbnb-under-microscope-as-council-considers-controversial-regulatory-action-490484),[20](https://detroit.curbed.com/2018/2/8/16991266/detroit-banned-airbnb-zoning),[21](https://www.independent.co.uk/travel/news-and-advice/uber-ban-countries-where-world-taxi-app-europe-taxi-us-states-china-asia-legal-a7707436.html)]. Such drastic action would cripple innovative movements and cast doubt on a corporation’s foreseeable operations.\n\n# **Selfish or malicious regulatory bodies may push their own agenda.** <h6>\n\nAnother highly plausible risk of surrendering the regulatory power to  regulatory bodies  is the risk of these bodies lobbying for and introducing self-serving agendas of their own instead of looking out for the best interests of the ecosystem (for instance, the controversy surrounding the FCC and Ajit Pai’s repealing of Obama-era Net Neutrality rules [[22]](https://www.cnbc.com/2018/06/11/fcc-chairman-ajit-pai-skeptical-of-state-efforts-to-save-net-neutrality.html)). Unfortunately, not much can be done to prove/enforce honest and unbiased decisions among institutional regulatory bodies. In this regard, it is up to the people to fight and ensure that their views are fairly represented, and each member of the community is given an outlet to voice his or her opinions.\n\nThis is not a question of should we regulate the future, but rather, how do we regulate the future? Regrettably, the pros and cons do not cancel out to give a definitive answer. Regulation done right could structure the technological movement and allow it to be the enabler that the community envisions it to be. Done wrong, and the technological movement could be snubbed out and written off as a bubble of irrational exuberance. Ultimately, regulation is not to be feared; but rather fostered collaboratively by all those involved.\n\nWhile existing regulating bodies have a powerful role in facilitating or impeding this paradigm shift, the onus too lies with the community making fair representation, open dialogue and unbiased education with uninformed stakeholders and key decision makers alike. As Uncle Ben once said, “with great power comes great responsibility”, now it’s up to us to each take that responsibility seriously and collaboratively strive for a happier and healthier regulatory environment.\n\n# **About the team**\n\nWe are a Singapore based team of consultants with experience working with leading blockchain and technology companies around the world. With backgrounds in fintech, recruitment and strategy consulting, we look to provide a holistic and unique perspective on topics relevant to the blockchain industry while continuing to play our part in growing the ecosystem. Reach out to us if you’re keen to connect, we’re always open to meeting new people who are passionate about the space!\n\n**Francis-John Ho**\nhttps://www.linkedin.com/in/francis-john-ho-a3727bb5/\n\n**Jonathan Ng**\nhttps://www.linkedin.com/in/jonathan-ng-01a652128/\n\n**References**\n\n[1]https://apps.fcc.gov/edocs_public/attachmatch/FCC-10-201A1_Rcd.pdf\n[2]http://www.mas.gov.sg/News-and-Publications/Parliamentary-Replies/2018/Reply-to-Parliamentary-Question-on-banning-the-trading-of-bitcoin-currency-or-cryptocurrency.aspx\n[3]https://www.cnbc.com/2017/09/29/bitcoin-exchanges-officially-recognized-by-japan.html\n[4]https://btcmanager.com/india-and-pakistan-crackdown-on-cryptocurrencies/\n[5]https://icogovernance.org/\n[6]https://www.newsbtc.com/2018/04/24/japanese-cryptocurrency-exchange-association-aims-to-restore-public-confidence/\n[7]https://www.tokentarget.com/countries-leading-the-blockchain-innovation-movement/\n[8]http://www.visualcapitalist.com/infographic-stock-fraud/\n[9]https://www.cftc.gov/PressRoom/PressReleases/pr7674-18\n[10]https://www.sec.gov/about.shtml\n[11]https://www.wsj.com/articles/sec-launches-cryptocurrency-probe-1519856266\n[12]https://www.coindesk.com/research/state-blockchain-2018/?slide=16\n[13]https://cointelegraph.com/news/cfo-of-australias-commonwealth-bank-quits-role-to-join-eos-token-developer-blockone\n[14]https://doi.org/10.1111/padm.12098\n[15]http://www.oecd.org/site/govgfg/39609018.pdf\n[16]http://fortune.com/red-tape-business-regulations/\n[17]http://thehill.com/blogs/pundits-blog/the-administration/242468-why-does-it-take-so-long-to-issue-a-regulation\n[18]https://www.epa.gov/formaldehyde/formaldehyde-emission-standards-composite-wood-products\n[19]https://www.politico.com/states/new-york/albany/story/2018/06/26/airbnb-under-microscope-as-council-considers-controversial-regulatory-action-490484\n[20]https://detroit.curbed.com/2018/2/8/16991266/detroit-banned-airbnb-zoning\n[21]https://www.independent.co.uk/travel/news-and-advice/uber-ban-countries-where-world-taxi-app-europe-taxi-us-states-china-asia-legal-a7707436.html\n[22]https://www.cnbc.com/2018/06/11/fcc-chairman-ajit-pai-skeptical-of-state-efforts-to-save-net-neutrality.html",
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2018/05/29 06:32:21
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2018/05/28 03:17:36
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2018/05/28 03:02:54
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2018/05/25 13:10:45
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2018/05/18 13:35:39
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2018/05/18 10:36:42
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2018/05/16 15:15:18
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2018/05/14 09:15:12
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parent permlinkcryptocurrencies
authorperspectivecove
permlinka-public-blockchain-state-of-mind
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2018/05/14 09:14:57
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2018/05/14 06:28:45
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2018/05/12 15:50:45
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parent permlinkcryptocurrencies
authorperspectivecove
permlinka-public-blockchain-state-of-mind
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2018/05/12 15:49:15
parent author
parent permlinkcryptocurrencies
authorperspectivecove
permlinka-public-blockchain-state-of-mind
titleA public blockchain state of mind
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2018/05/12 15:47:27
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parent permlinkcryptocurrencies
authorperspectivecove
permlinka-public-blockchain-state-of-mind
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2018/05/12 15:42:15
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parent permlinkcryptocurrencies
authorperspectivecove
permlinka-public-blockchain-state-of-mind
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2018/05/12 10:53:30
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authordimitrit
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bodyGood thinking guys ! Particularly relevant for individuals atomised in society, for citizens who don’t feel they have a stake in the *polis*, for disenfranchised communities... Keep pushing the thinking ! Maybe we need distributed autonomous democracies and blockchained communes :-)
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2018/05/12 08:39:54
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parent permlinkcryptocurrencies
authorperspectivecove
permlinka-public-blockchain-state-of-mind
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2018/05/12 08:38:57
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authorperspectivecove
permlinka-public-blockchain-state-of-mind
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2018/05/12 04:09:12
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2018/05/12 03:54:24
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parent permlinkcryptocurrencies
authorperspectivecove
permlinka-public-blockchain-state-of-mind
titleA public blockchain state of mind
bodyThere is a popular game in the world of Improv commonly known as the “One Word Story” where going around the circle, participants each take a turn to contribute a word at a time with the goal of crowdsourcing a narrative. Generally used as an icebreaker, you tend to notice the initial sheepishness and trepidation dissipate and instead be displaced by infectious laughter and electric energy. This icebreaker typically fills the room with vigour that’s rarely established so quickly, however, look a little deeper and you realise this simple game has managed to accomplish something much bigger, a sense of community. Giving each an equal stake, empowering them with an equal voice and uniting them under a common goal. A seemingly simple solution to a seemingly difficult task. However, as we all know, fostering a cohesive, collective whole out of the masses is easier said than done; In truth, such idealism is hard to implement, let alone sustain. This is observed in various types of organisations around us; Governments stoking patriotism among its people to encourage intrinsically motivated actions towards a common goal; corporations proclaiming an inclusive, ‘family-oriented’ corporate culture so their employees will perform as such; yet, these arrangements are usually far from perfect. With little consequence and little stake in the organisations or networks that we engage with, we find ourselves having little interest in its maintenance and growth, instead surrendering that responsibility onto a central authority. But what if we were each granted an equal stake in these networks, and in turn rewarded for our contributions to them. Surely then, achieving community-mindedness might be more achievable than once thought. The decentralised nature of a public blockchain creates a sense of communal belonging that has been missing for so long. With the strength of the public blockchain stemming from the active participation of its community, public blockchains will enable us to finally transcend geographic and political boundaries to reach a higher level of integration and globalisation. That being said, public blockchains do possess risks of their own, but the potential to lead a paradigm shift of genuinely inclusive communities far outweighs the costs (N.B. a cost-benefit analysis of public blockchains is a huge topic to be tackled at another time. Stay tuned!). But in truth, there is still much more work to be done before a legitimately fair and efficient version of a public blockchain ecosystem comes to light, but as public blockchains continue to gain traction and move towards mainstream adoption, an ideological shift will slowly but surely take shape, and perhaps that may be a form of success in itself. After all, a more community minded world may just be what we need to bring us all to the next stage of growth as a race. Don’t hold your breath, but a public blockchain state of mind may just be around the corner. **TLDR** Public blockchains have the potential to bring about a stronger sense of community mindedness that will help us to grow and progress as a people ![unnamed.jpg](https://steemitimages.com/DQmW325tdLP2b1r9663EUkjTFLzU1XsFiPeTzy7MSDxFvCG/unnamed.jpg) **About the team** We are a Singapore based team of consultants with experience working with leading blockchain and technology companies around the world. With backgrounds in fintech, recruitment and strategy consulting, we look to provide a holistic and unique perspective on topics relevant to the blockchain industry while continuing to play our part in growing the ecosystem. Reach out to us if you’re keen to connect, we’re always open to meeting new people who are passionate about the space! Francis-John Ho https://www.linkedin.com/in/francis-john-ho-a3727bb5/ Jonathan Ng https://www.linkedin.com/in/jonathan-ng-01a652128/
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      "body": "There is a popular game in the world of Improv commonly known as the “One Word Story” where going around the circle, participants each take a turn to contribute a word at a time with the goal of crowdsourcing a narrative. Generally used as an icebreaker, you tend to notice the initial sheepishness and trepidation dissipate and instead be displaced by infectious laughter and electric energy. This icebreaker typically fills the room with vigour that’s rarely established so quickly, however, look a little deeper and you realise this simple game has managed to accomplish something much bigger, a sense of community. \n\nGiving each an equal stake, empowering them with an equal voice and uniting them under a common goal. A seemingly simple solution to a seemingly difficult task. However, as we all know, fostering a cohesive, collective whole out of the masses is easier said than done; In truth, such idealism is hard to implement, let alone sustain. This is observed in various types of organisations around us; Governments stoking patriotism among its people to encourage intrinsically motivated actions towards a common goal; corporations proclaiming an inclusive, ‘family-oriented’ corporate culture so their employees will perform as such; yet, these arrangements are usually far from perfect. \n\nWith little consequence and little stake in the organisations or networks that we engage with, we find ourselves having little interest in its maintenance and growth, instead surrendering that responsibility onto a central authority.  But what if we were each granted an equal stake in these networks, and in turn rewarded for our contributions to them. Surely then, achieving community-mindedness might be more achievable than once thought. \n\nThe decentralised nature of a public blockchain creates a sense of communal belonging that has been missing for so long. With the strength of the public blockchain stemming from the active participation of its community, public blockchains will enable us to finally transcend geographic and political boundaries to reach a higher level of integration and globalisation. \n\nThat being said, public blockchains do possess risks of their own, but the potential to lead a paradigm shift of genuinely inclusive communities far outweighs the costs (N.B. a cost-benefit analysis of public blockchains is a huge topic to be tackled at another time. Stay tuned!). But in truth, there is still much more work to be done before a legitimately fair and efficient version of a public blockchain ecosystem comes to light, but as public blockchains continue to gain traction and move towards mainstream adoption, an ideological shift will slowly but surely take shape, and perhaps that may be a form of success in itself. After all, a more community minded world may just be what we need to bring us all to the next stage of growth as a race. Don’t hold your breath, but a public blockchain state of mind may just be around the corner.\n\n**TLDR**\nPublic blockchains have the potential to bring about a stronger sense of community mindedness that will help us to grow and progress as a people\n\n![unnamed.jpg](https://steemitimages.com/DQmW325tdLP2b1r9663EUkjTFLzU1XsFiPeTzy7MSDxFvCG/unnamed.jpg)\n\n**About the team**\nWe are a Singapore based team of consultants with experience working with leading blockchain and technology companies around the world. With backgrounds in fintech, recruitment and strategy consulting, we look to provide a holistic and unique perspective on topics relevant to the blockchain industry while continuing to play our part in growing the ecosystem. Reach out to us if you’re keen to connect, we’re always open to meeting new people who are passionate about the space!\n\nFrancis-John Ho\nhttps://www.linkedin.com/in/francis-john-ho-a3727bb5/\n\nJonathan Ng\nhttps://www.linkedin.com/in/jonathan-ng-01a652128/",
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2018/05/11 00:49:00
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2018/05/10 09:11:57
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2018/05/10 09:11:45
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2018/05/10 09:11:36
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2018/05/10 03:03:39
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parent permlinkhey-there-steemit-we-are-perspective-cove
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permlinkre-perspectivecove-hey-there-steemit-we-are-perspective-cove-20180510t030341200z
titlere-perspectivecove-hey-there-steemit-we-are-perspective-cove-20180510t030341200z
bodyHello perspectivecove! Welcome to Steemit! Hope you'll like the community here. As a start, here are 5 tips that we believe will be helpful to you: 1. **Keep your passwords safe:** Unlike conventional sites, Steemit has 4 types of passwords. Each offers varying degrees of access to your account, so know where and when to use each of them. Also, make sure to keep them all safe and secure. 2. **Get Steem rewards:** When writing a post, you'll have the option to choose how to receive your reward: "Default 50%/50%" or "Power Up 100%". As of this moment, choosing Default 50%/50% is the better option. But this can change over time. Check our post to know more. 3. **Upvote wisely:** When upvoting, wait at least 30 minutes after the post is published to maximize your curation reward. Also, make sure not to upvote too much too fast so as not to drain your voting power. 4. **Know your Steem, Steem Dollars and Steem Power:** Steem and Steem Dollars are the 2 main currencies here. Convert and power up more Steem into Steem Power so you can have higher values on your upvotes. 5. **Have Fun and Enjoy!** _For a detailed writeup, check our post [Getting Started: 5 Essential Tips for New Users](https://steemit.com/@steemsociety/getting-started-5-essential-tips-for-new-users)._ Good luck on your Steem journey! Follow us if you like to receive more helpful tips and maximize your Steemit experience.
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2018/05/09 18:09:30
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2018/05/09 16:01:54
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2018/05/09 15:53:21
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bodyWelcome to Steemit perspectivecove. Let me know if you got any questions about Steem or anything related to it! The official FAQ can be found here and has A LOT of information https://steemit.com/faq.html - Also remember, Steemit is just ONE of the sites built that uses Steem the blockchain. We also have DTube - our very own Youtube, DSound for Soundcloud and Steepshot if you prefer Instagram like experience. I'd also like to mention ChainBB - forums, Busy - Steemit with more modern look basically, DMania for memes and Dlive for streaming just like in Twitch! You can also earn Steem by gaming now! Search for Steemgar if that's more your thing. Welcome to the blockchain! :)
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2018/05/09 15:53:21
voterjanne
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2018/05/09 15:49:18
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parent permlinkhey-there-steemit-we-are-perspective-cove
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bodyHello and welcome to steemit. Have fun
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2018/05/09 15:48:48
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permlinkre-cheneats-re-hey-there-steemit-we-are-perspective-cove-20180509t153118-20180509t154847728z
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bodyThanks cheneats, hope to see you around!
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2018/05/09 15:45:57
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2018/05/09 15:45:06
voterperspectivecove
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2018/05/09 15:44:15
parent authorperspectivecove
parent permlinkhey-there-steemit-we-are-perspective-cove
authormuralresteem
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title
bodyHi welcome to the Steemit community! Great place to make friends! I'm following you, please follow me back!
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2018/05/09 15:33:21
voterintrobot
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2018/05/09 15:33:21
parent authorperspectivecove
parent permlinkhey-there-steemit-we-are-perspective-cove
authorintrobot
permlinkre-hey-there-steemit-we-are-perspective-cove-introbot
title
body![](https://steemitimages.com/DQmbGXMwALuD4zZvtnzKLY2SRpjQJZzCYsFn1VLa1iPg4uH/image.png)<br> Welcome to Steemit @perspectivecove!<br><br> I wish you much success and hope you find Steemit to be as rewarding and informative as I have.<br><br> Yes, I love Crpto too! Lots of detailed analysis on my blog along with some [predictions](https://steemit.com/crypto/@bycoleman/bitcoin-rout-is-not-over-heading-to-usd8-000)<br><br> Here are some links you might find useful.<br> [Your stats on SteemNow](https://steemnow.com/@perspectivecove)<br> [Your stats on SteemWorld](https://steemworld.org/@perspectivecove)<br> [Your stats on SteemD](https://steemd.com/@perspectivecove)<br> [How does Steemit actually work?](https://steemit.com/steemit/@bycoleman/where-does-all-the-money-come-from-on-steemit-fully-answered-will-it-continue-yes)<br><br> Introbot is hosted and managed with donations from @byColeman to help make your journey on Steemit be truly rewarding. Your feedback is always welcome so that we may improve this welcome message.<br> Oh yea, I have upvoted you and followed you. Many blessings from @introbot & @bycoleman<br><br>
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      "body": "![](https://steemitimages.com/DQmbGXMwALuD4zZvtnzKLY2SRpjQJZzCYsFn1VLa1iPg4uH/image.png)<br> Welcome to Steemit @perspectivecove!<br><br>  I wish you much success and hope you find Steemit to be as rewarding and informative as I have.<br><br> Yes, I love Crpto too! Lots of detailed analysis on my blog along with some [predictions](https://steemit.com/crypto/@bycoleman/bitcoin-rout-is-not-over-heading-to-usd8-000)<br><br> Here are some links you might find useful.<br> [Your stats on SteemNow](https://steemnow.com/@perspectivecove)<br> [Your stats on SteemWorld](https://steemworld.org/@perspectivecove)<br> [Your stats on SteemD](https://steemd.com/@perspectivecove)<br> [How does Steemit actually work?](https://steemit.com/steemit/@bycoleman/where-does-all-the-money-come-from-on-steemit-fully-answered-will-it-continue-yes)<br><br> Introbot is hosted and managed with donations from @byColeman to help make your journey on Steemit be truly rewarding. Your feedback is always welcome so that we may improve this welcome message.<br> Oh yea, I have upvoted you and followed you. Many blessings from @introbot & @bycoleman<br><br> ",
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2018/05/09 15:31:18
parent authorperspectivecove
parent permlinkhey-there-steemit-we-are-perspective-cove
authorcheneats
permlinkre-hey-there-steemit-we-are-perspective-cove-20180509t153118
title
bodyGreetings, perspectivecove! Wish you a very happy journey here on Steemit!
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2018/05/09 15:30:27
parent author
parent permlinkbitcoin
authorperspectivecove
permlinkhey-there-steemit-we-are-perspective-cove
titleHey there Steemit we are Perspective Cove!
body@@ -1645,8 +1645,28 @@ projects +%0A%0A#introduceyourself
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2018/05/09 15:26:15
voterperspectivecove
authorsteemplus-bot
permlinkhey-there-steemit-we-are-perspective-cove-re-welcome-to-steemplus
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2018/05/09 15:21:39
parent authorperspectivecove
parent permlinkhey-there-steemit-we-are-perspective-cove
authorsteemplus-bot
permlinkhey-there-steemit-we-are-perspective-cove-re-welcome-to-steemplus
titleWelcome to SteemPlus
body#### Welcome to Steem, @perspectivecove! I am a bot coded by the SteemPlus team to help you make the best of your experience on the Steem Blockchain! SteemPlus is a Chrome, Opera and Firefox extension that adds tons of features on Steemit. It helps you see the real value of your account, who mentionned you, the value of the votes received, a filtered and sorted feed and much more! All of this in a fast and secure way. To see why **2283 Steemians** use SteemPlus, [install our extension](https://chrome.google.com/webstore/detail/steemplus/mjbkjgcplmaneajhcbegoffkedeankaj?hl=en), read the [documentation](https://github.com/stoodkev/SteemPlus/blob/master/README.md) or the latest release : [SteemPlus 2.12 : Rewards Tab](/utopian-io/@steem-plus/steemplus-2-12-rewards-tab).
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2018/05/09 15:16:15
voterperspectivecove
authorintroduce.bot
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2018/05/09 15:15:48
voterperspectivecove
authorperspectivecove
permlinkhey-there-steemit-we-are-perspective-cove
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2018/05/09 15:15:36
voterperspectivecove
authorperspectivecove
permlinkhey-there-steemit-we-are-perspective-cove
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2018/05/09 15:15:33
parent authorperspectivecove
parent permlinkhey-there-steemit-we-are-perspective-cove
authorintroduce.bot
permlinkintroduce-bot-re-perspectivecovehey-there-steemit-we-are-perspective-cove
title
body✅ @perspectivecove, congratulations on making your first post! **I gave you a $.05 vote!**<br>Please take a moment to read [this post](https://steemit.com/spam/@pleasestop/introducing-pleasestop-here-to-reduce-comment-spam) regarding commenting and spam. (tl;dr - if you spam, you will be flagged!)
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2018/05/09 15:15:30
voterintroduce.bot
authorperspectivecove
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2018/05/09 15:15:27
voterax3
authorperspectivecove
permlinkhey-there-steemit-we-are-perspective-cove
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Account Metadata

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JSON METADATA
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Posting
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Witness Votes

0 / 30
No active witness votes.
[]