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RE: One Small Step for Russia, One Giant Leap for Cryptocurrencies!
It's interesting that in the end we will essentially need "regulation" for wide adoption of crypto currencies, while the crypto purists are against any kind of censorship, which regulation essential is.
The $1,000 question is how do we get mass adoption (and being feeling safe) without censorship.
Quandary indeed :-)
Personally I don't think it's possible. The governments aren't going anywhere. However, I think they can only regulate certain portions of it. For example they may be able to tax and trace transactions but they can't change the supply of coins in circulation without completely taking control of it.
That is true and controlling circulation is a huge factor with the USD, print print print to solve problems. Won't have that luxury with coins.
Exactly. So, a little regulation might actually be a good thing, no matter how much the purists will hate it. It will give a lot more confidence to mom and pop looking to get involved.