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RE: James Altucher Misses the Point of Bitcoin Regulation: Why a War for Financial Control is Coming

in #bitcoin7 years ago

That's why I am working on 4 simultaneous projects 1. Getting as many local people here in Victoria BC Canada using cryptocurrency -- using meetups and public relations related to my second project (www.tetla.com) 2. Using Tetla as a conceptual roadmap for people to get comfortable with the idea of cryptocurrency 3. Getting a local exchange occuring 4. Getting as many people running their own coins and their own exchanges as possible. -- Why? Because Exchanges are going to be the chokepoint in all of this. That is where Govt can play silly buggar and threaten people into submission. But if thousands upon thousands of people are running exchanges and millions of them are doiing their own crytpto... it becomes harder and harder for the Govt to apply pressure to stop the use of exchanges and the overall use of crypto.

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Or you can use decentralized exchanges that don't have anyone in charge such as Bitshares. You don't need to use exchanges at all really. All you really need is a hardware wallet and accept crypto for your services.