Regulation Is Only Hope For Bitcoin
In a move that’s certain to irk lovers of Bitcoin and other cryptocurrencies, Morgan Stanley came out with a statement on Tuesday calling for greater governmental control and regulation.
The very nature of Bitcoin is as a peer-to-peer non-regulated currency system that allows for greater levels of autonomy for holders. However, the recent meteoric rise of Bitcoin values has led speculators and major financial players into the cryptocurrency market.
Read more here: https://cointelegraph.com/news/regulation-is-only-hope-for-bitcoin-morgan-stanley
by being regulated it defeats the very purpose of Bitcoin, being a decentralized coin.
I guess we reached the bargaining part: http://fortune.com/2015/03/06/kubler-ross-model-stages-bitcoin/
Well, I'm not surprised! Sad!
Did a post yesterday on the Bank of England entering the game and a few others ..looks like the big boys are joining the game ..
https://steemit.com/cryptocurrencies/@thelifeofbrian/the-crypto-wars-have-started
This shows how scared the elite are of our little bitcoin. "We want to control it, we NEED to control it!" Wah Wah Wah. We finally have something they can't fully regulate, we need to protect this like it's the last water hole in a desert of financial manipulation.
I really wouldn't support a centralized coin. The entire point is decentralization, no more third parties interfering or applying corruption. Look at Ripple, the only reason people still hold on to it is because they are hoping banks will eventually invest in it and thus raise the prise... I hope btc won't go that centralized way.
The last straw is going to be when 1 of these high profile ICO's runs away with peoples money