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Polygence Scholar2022
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Alex Potter

high_schoolClass of 2023New York, New York

About

Projects

  • "In the wake of current geopolitical events, what is crypto’s place in a post regulatory world?" with mentor Ethan (Sept. 27, 2022)

Project Portfolio

In the wake of current geopolitical events, what is crypto’s place in a post regulatory world?

Started Mar. 11, 2022

Abstract or project description

The changing regulatory environment for crypto, countries adopting cryptos to use as their national currency, war donations being made with crypto, and the wholesale ban of crypto transactions and wallets in other countries has raised questions regarding what crypto’s place will be in an evolving regulatory world. My research will center around examining the evolution of the development, regulation, shaping of cryptocurrencies by geopolitical events, and subsequent social and economic reactions to cryptocurrencies. This paper will 1) define why cryptocurrencies by nature are different than any other form of exchanging value, 2) explore the plethora of uses for crypto that have emerged over the past several years, 3) outline how regulations have enhanced and limited crypto’s use-cases, 4) explain how governments will be unable to replicate cryptocurrencies through centralized means, 5) discuss the Pros/Cons of using crypto in regulated environments, 6) discuss the Pros/Cons of using crypto in unregulated environments, and 7) ultimately suggest that cryptocurrencies are here to stay and be used in global and country specific economies.

The tentative main points of the paper are:

Explaining what cryptocurrencies are and how they are different from any other form of exchanging value.

Explore the uses for crypto technology, coins, and NFTs.

How different countries have used them, regulated them, and fallout from those actions.

Government created cryptocurrencies are centralized in nature and thus are unable to replace cryptocurrencies’ use cases.

Pro/Con analysis of crypto in regulated settings.

Pro/Con analysis of crypto in unregulated settings.

Conclusion: Crypto is a technology that is here to stay to be used in global and country specific economies.