Right, but a lack of regulation is one of the only appeals Bitcoin actually has. Once it's regulated its dead as it is now controlled by the "bad guys".
Just look at every other shitcoins attempt at regulation and you will see abuse.
Right, but a lack of regulation is one of the only appeals Bitcoin actually has. Once it's regulated its dead as it is now controlled by the "bad guys".
Just look at every other shitcoins attempt at regulation and you will see abuse.
I understand your point, but I feel like finding a sweet spot could be really helpful. At the end of the day, it's a decision about using bitcoin, and we need to make sure we find the right balance.
Regulation is the imbalance that allows central control and network wide harm. Regulation will only make Bitcoin an extension of the already globally harmful fiat system.
If bitcoin were to ever capitulate to any regulatory body of any country it loses all of my confidence forever.
But how to use it freely? The distruction of nations has lead to a lot of chaos, for example the Holocaust, with the destruction af the polish nation, or well I guess in history there is other examples. I really just want to be sure i have the freedom to use my hard earned sats. I love freedom, just dont know if everyone is really able to live in a place of no regulation.
I come from a country where basically anarquie rules in my gov. Guatemala, and I tell you. In there you can do what ever the heck you want. Now I have a swiss family, with a goverment that seeks for neutrality, and man, it is beautiful to live in a system that works. At least for now.
Systems that work only work for those who are willing to accept near-absolute compliance, though. It's the question of security vs. freedom, you cannot have both. And a system that "works" doesn't work very well for a cryptoanarchist striving for privacy.
The sweet-spot might be found in geopolitical arbitrage. Go where you are treated best.