"Regulation Would Solve Bitcoin Volatility"

29 days ago

Chilton.jpg

This dude, Bart Chilton, the former CFTC Commissioner said that Bitcoin will have to be regulated because that would solve the Bitcoin volatility.

What a bunch of crap. Bitcoin is rising due to demand by a somewhat non manipulated market. We are not used to free markets in this world, so that is a very good thing.

Regualation would make it harder for people to access Bitcoin if nothing else.

Chilton is a socialist, he worked for both the Clinton and Obama administrations and asked the former President Obama to launch "some sort of regulatory framework to oversee cryptocurrencies".

Source:

https://www.coindesk.com/former-cftc-commissioner-bitcoins-prices-are-suspicious/

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  trending

Regulation has some good sides to it too though, it legitimizes bitcoin to the massses.

·

Just like China just did? That would only serve to benefit the big boys. Investment houses and banks are running scared. Let's leave 'em that way!

@freeforever Steemit is gonna change lots of lifes, it has changed mine and many others but that is just the beginning. Followed

Of course they do... then they can control it. I'm for leaving it unregulated and de-centralized! Governments only get in the way of the economy... just look at all the regulations in the world, and where it has led us -- the big boys are winning and we are losing. More regulations = more benefit for the 1%.