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RE: Regulating Cryptocurrencies... And Why It Matters
The problem with "regulating" cryptos is that the whole point of the technology itself it to remain outside of centralized control. Cryptos are the antithesis to centralized financial systems!! There's not way to merge the two in any meaningful way.
Exactly @techwizardy.
That is something that the entire governmental and banking system misses (or chooses to ignore). It really is a stupid premise. Regulate the exchanges and people will move to decentralized exchanges. Try to track the path of bitcoin and atomic swaps enter the picture and throw one onto an entirely new chain.
Tech will outpace the government.
Blockchain is after the banksters, governments are also on the list.
I love that line. Once the gov. begins to see their grip on the populace begin to loosen, the stage will be set for a confrontation. I think the statists are starting to see the writing on the wall, and they are starting to seriously consider the long-term implications of non-state cryptocurrencies.
https://www.bloomberg.com/news/articles/2017-12-18/europe-wants-to-regulate-bitcoin-to-clamp-down-on-illegal-risks
Interesting article.
I wonder, in situations like that, what the true motivation is. My belief is the g-men are just hacks for the banksters...just an arm to do their bidding.
So I often conclude the banksters see the threat and the hacks are operating under their orders. I am not sure the "statists" as you call them are aware.
They might fall in the "always the last to know" category.
What has how BTC is issued got to do with how it is regulated? BTC is practically a 'fait accompli' now, with so much 'real' money invested in it.
Regulation is applicable to cattle, and public nose-picking, as well as fiat money. It has nothing to do with centralized financial systems - except that they are but poorly regulated.