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RE: Regulating Cryptocurrency : Australia Makes its Move

in #bitcoin7 years ago

While the regulation is bound to happen and some of it for "good" reason. Overall I find all its going to do is turn crypto into another well regulated thing like stocks, bonds etc.

The wild fluctuations and ease of use will be over and it will just be another "thing" co-opted by big money and regulation and turned into what they want.

I am not a big fan of mass adoption nor do I seek it, there is no need for it in my personal case. Doesn't matter though because writing has been on the wall for a long time now with it. The golden years of crypto will be replaced with the mundane years of just another well regulated "commodity".

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We do not have to bow to the terrorists masquerading as guberment ;)

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