This is why I had mixed feelings when BTC passed $10K. Now it's on the radar and everyone is talking about it. People are investing and they have no idea what the Blockchain is or what the ideologies and history of BTC is. They are just FOMOing and buying for purely speculative and greedy reasons. This could lead to a bubble, crash, and then the government comes to the "rescue" with regulation and takes over BTC as we know it.
the government comes to the "rescue" with regulation and takes over BTC as we know it.
Maybe as YOU know it. But I know different things.
Simple answer...
The Government could come along and BAN THE SUN tomorrow...
So, if that happens, will YOU stop seeing the sun? If it was illegal?
Now go out and read the Code in Bitcoin and discover for yourself that it's about as easy to regulate as the Sun. So if you don't have anything constructive to share, you're spreading the FUD of ignorant speculation. I've heard predictions like yours for years. But the truth is, what you're suggesting is similar to Banning the Sun. Seriously!
Bring it! The authoritarians can only do so much... things are breaking UP and AWAY!
Bitcoin's code is a better regulatory layer than Politicos who are most certainly criminals themselves.
The FUD of Law Law land doesn't go so far anymore...
This is why I had mixed feelings when BTC passed $10K. Now it's on the radar and everyone is talking about it. People are investing and they have no idea what the Blockchain is or what the ideologies and history of BTC is. They are just FOMOing and buying for purely speculative and greedy reasons. This could lead to a bubble, crash, and then the government comes to the "rescue" with regulation and takes over BTC as we know it.
Maybe as YOU know it. But I know different things.
Simple answer...
The Government could come along and BAN THE SUN tomorrow...
So, if that happens, will YOU stop seeing the sun? If it was illegal?
Now go out and read the Code in Bitcoin and discover for yourself that it's about as easy to regulate as the Sun. So if you don't have anything constructive to share, you're spreading the FUD of ignorant speculation. I've heard predictions like yours for years. But the truth is, what you're suggesting is similar to Banning the Sun. Seriously!
Bring it! The authoritarians can only do so much... things are breaking UP and AWAY!
Bitcoin's code is a better regulatory layer than Politicos who are most certainly criminals themselves.
The FUD of Law Law land doesn't go so far anymore...
It's starting. Coinbase has to give up the info of investors who had more than $20K invested in 2013. This is their foot in the door.