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RE: Barclays Want UK Government to Regulate Bitcoin

in #bitcoin7 years ago

I worry that a move like this will be done with a smiling face to conceal an attempt to control digital currencies in the future. I am generally suspicious of any attempt to try and regulate blockchains aside from their built in protocols. What worries me even more is that with the inclusion of a lot of new people who are discovering this phenomenon but not necessarily understanding it just yet, this move may be welcomed without them comprehending the potential consequences. It's easy to cheer when their involvement drives the value up today, but who will be clapping when governments decide to take full control, attempt to isolate or regulate away legal use of this technology in favor of a state run digital currency? You know there wont be open source transparency on that.

Maybe I'm just paranoid, though.

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