Pure Carbon Protocol will be used to verify one of the major problems in the cryptocurrency space. It can be used to clarify whether an individual or entity is a actual crypto participant, also what their potential value is on the blockchain. One of the biggest questions of the SEC in not the question of whether a token is a security but rather what is the driving force behind that token.
Its pretty safe to say if a major brand attempted to create their own blockchain cryptocurrency they would almost definitely be considered a security. However if a individual with a significant proven blockchain footprint wanted to develop his own decentralized network he would be allowed to do so under certain guidelines without being label a security.
It’s in my understanding that the US Government Supports blockchain development but was forced into taking swift action based on the abuse of false partnerships. These offerings were driven by total profits and not the actual development of a successful decentralized network. It’s not a sin to fail in business it a sin to not follow through to the best of your network’s ability and be accountable for each value added step in the creation of your decentralized network. The way it stands now it would be nearly impossible for a individual or even a small group to afford all the steps necessary to comply to be a security.
The purpose of decentralization is to distribute wealth, not continue to feed those already with it. I respect the current system in place and I understand there needs to be a balance. I just feel everyone should have the opportunity to participate. I’m talking about legitimate concepts with proven track records. For example I have been involved in blockchain almost 5 years with a well established social network within the blockchain community. I have spent countless hours studying blockchain and have learned a vast amounts of knowledge hands on. I also have a proven track record in sales and crypto trading. Take a quick look at my twitter you can see I have established relationships that were built over time and didn’t pop up overnight by a crazy ico buzz.