RE: Stress analysis & comparison — Bitcoin Vs Gold
Thank you for being always so responsive @kryptarion
I hear people repeatedly attributing lack of regulations to the reason why perhaps bitcoin is so volatile or why it has failed to attract real and genuine investment from hedge funds. I have always believed that implementing regulations and institutional guidelines only bring the bitcoin and cryptos generally under centralised bureaucracy
which seem to me like the fundamentals of the creation of blockchain technology and Cryptocurrency tokenomics.
I'm one of those people.
Fundamentals of blockchain tech and crypto tokenomics is one thing. Knowing that what you own is legal and knowing how to pay taxes from that income is crutial for many.
I personally know someone, who earned quite a decent amount of money in 2017, sold part of his earning and bought himself a car. You won't believe what kind of trouble he got, since he couldn't prove where those money came from.
Regulations (especially in tax department) need to be clear. Otherwise it will stop many investors from showing any interests with crypto.
Not to mention, that decentralization is some sort of utopia. Utopia, which doesn't even make much sense to me.
Yours, Piotr
Very nice reply @crypto.piotr
Impressive Piotr! Unless I do not so much understand the blockchain cruise; the benefits, some of the clear ones which include; transparency (laudable), immutability (the haziest — considering how some tokens could actually be frozen) and innovative application to many use cases like DeFi among others. I feel blockchain and cryptos was a ride to evade centralisation.
I doubt if conforming to regulations was included in Satoshi's bitcoin whitepaper — a rather ominous shortsightedness; considering tax is inevitable, and a possible way government could fight crypto-holders.
This is actually true.
Hehe, I guess we are in same bus here Piotr.