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RE: Regulations are coming, and that's a good thing!

in #bitcoin7 years ago

This is an interesting perspective. I always thought of regulation as a bad thing as the decentralisation in the crypto world leads to freedom and any regulation will challenge that. However what I understand from what you're saying is that some kind of regulation will allow more potential investors to get started and give a confidence boost to those uncomfortable with the idea crypto which is beneficial for everyone. A parallel I draw with this situation is the regulation and the legalisation of drugs. Without regulation, there is no quality control and there are potentially lethal contaminants that dealers have mixed to increase profit margin that are MORE dangerous than the drug itself. By legalising and introducing some legislation, those who choose to take drugs are less susceptible to those dangerous contaminants and can expect to get quality drugs, although dangerous, without the risk of more dangerous contaminants. Thanks for the new perspective. I look forward to your future posts.

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