In hive ecosystem we are all realistic. Every witness and the people who put effort here is trying to live real. Whereas there are other blockchains and the projects where they are going to be living very fake like Instagram life and then use projects as a pipe to serve their dreams.
Take an example of some of the blockchains like say Deso. I recently learned that they have a cofounder who is producing the decentralized chain like DeSo but taking the centralized VC funding and also happen to be on the Radar of the SEC. And this means you are going to meet legal resistance.
For example, say this owner has managed to take VC funding and get home for himself. And took many years to show slow progress of this blockchain. And barely released a functional product. And during that time he managed to end up with the giving gifts of home to his relatives like sister, brother in laws and others. So it is kind of triggering the legal side of the companies.
I kind of realized that such type of the triggers are reasonable. Because if the decentralized company founders are taking centralized funding and then spend money like this this would be worth investigating. And SEC is also right in their approach too. Like from singapore I can see many projects meeting the legal ground too.
Take an example of those mixers which were in the market like those tornado, banana etc. And those type of the mixers were used for the money laundering by the people in the market. I learned and realized that people use the VC funds for their own development and usage. And that is something SEC would look at as well. I know it is kind of confrontational.
But truth be told that sometimes a lot of projects and the startups are the pipedreams. Something you will learn through experience!