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RE: What are Dapps? The Future of Internet
That's cool!
How can we survive without regulation?
Is there any other way?
Annonymous are using bitcoin for money laundering!
That's cool!
How can we survive without regulation?
Is there any other way?
Annonymous are using bitcoin for money laundering!
Federal vs Local Power:
It is a battle between local power and federal power. Over time, in many countries, historically, governments would get bigger, which means more tyranny, taxes, regulations, suppression, problems, for local towns. It is better to minimize federal power in order to return power back to local communities, families, towns, companies, individuals, etc.
Money Competition
The same thing goes with money. Long ago, different banks had their own money currencies they would issue out. Money should have competition with other money systems. That is what cryptocurrencies is all about.
Bad People Everywhere
People use the dollar to do bad things. There are bad people everywhere. The bigger problem is with the criminals that use the Dollar for laundering. Bad people use guns. Bad people use knives. There are bad people everywhere. It is important to have some free speech and freedoms. And beyond that, private property is very valuable.
REGULATIONS
Regulations can be and might be good on a local level when agreed upon by the users, by the people involved. We should vote on the regulations, rules, etc.
WITHOUT CONSENT
The problem is when people force regulations on us without our consent with Trojan Horses. The problem is in Remote Access, Back Doors, Regulations, Taxes, etc, especially in how 5% regulations can grow to 80% regulations and taxes, etc, over time.
GRADUAL DECLINE
It is a slippery slope, it is a potential danger as absolute power corrupts absolutely, historically speaking.
Great!
Thank you for sharing the details!