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The #law often struggles to keep pace with rapidly evolving technologies like #Bitcoin due to its complexity and global reach. Bitcoin's decentralized nature, coupled with its economic incentives and global adoption momentum, means it's likely to be embraced before lawmakers fully understand it.

Legislative processes lag behind innovation, leaving gaps in regulation that Bitcoin users and businesses navigate with innovative solutions.

Market forces, driven by Bitcoin's utility and demand for financial products, will propel adoption despite regulatory uncertainties. As a result, Bitcoin's widespread adoption may precede comprehensive regulatory frameworks, highlighting the challenges of reconciling technology with traditional legal systems.

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Discussion

Prem 1y ago

Legislation != law

WBTM 1y ago

Agreed, sorry that’s what I meant to say, law generation = legislation?

Prem 1y ago

For me personally I'm afraid not, for many out there yes.

Legislation, rules, guidelines and statues are all documents of a corporation that gain the force of law with the consent of the governed. I never asked to be governed and I do not consent.

The law I obey is natural law being cause no harm, loss or injury to another and don't breach the peace.

WBTM 1y ago

Agree! Im not able to do that yet, still need some collaborative infrastructure made by the government, how do you do it?

Prem 1y ago

Not gonna lie, its a long old road to decouple yourself from all the systems we've spent our entire existence thinking are normal and the only way things could possibly operate. We've locally started forming our own systems in the private starting with medical care.

WBTM 1y ago

Excellent, have you write about it? Please share so people know there are different paths 🤓🙏