Topic: Bitcoin isn't "anonymous" and Bitcoin isn't "unregulated" (Read 962 times)
Well you can say illegal drugs are "regulated" then because there's people making their own drugs. Regulation in this sense means the government takes a little and passes laws to try make it "safe" and "all above board". And Bitcoin is anonymous if you want it to be.
Illegal drugs cannot be regulated on a global scale like Bitcoin is.
Why not? Legal drugs are.
Legal drugs are in no way shape or form controlled in the way Bitcoin is.
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Well you can say illegal drugs are "regulated" then because there's people making their own drugs. Regulation in this sense means the government takes a little and passes laws to try make it "safe" and "all above board". And Bitcoin is anonymous if you want it to be.
Illegal drugs cannot be regulated on a global scale like Bitcoin is.
Why not? Legal drugs are.
Well you can say illegal drugs are "regulated" then because there's people making their own drugs. Regulation in this sense means the government takes a little and passes laws to try make it "safe" and "all above board". And Bitcoin is anonymous if you want it to be.
Illegal drugs cannot be regulated on a global scale like Bitcoin is.
global moderator
Activity: 3850
Merit: 2643
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Well you can say illegal drugs are "regulated" then because there's people making their own drugs. Regulation in this sense means that the government(s) take their cut and pass laws to try make it "safe", "taxable" and "all above board". And Bitcoin is anonymous if you want it to be.
Governments cannot argue that Bitcoin isn't regulated, when infact it is decentralized by the people and for the people -- therefor Bitcoin is indeed regulated without the need of Government issued currency/control.
Definitions of interest
decentralize
dēˈsentrəˌlīz/Submit
verb
past tense: decentralized; past participle: decentralized
1.
transfer (authority) from central to local government.
"Canada has one of the most decentralized governments in the world"
centralize
ˈsentrəˌlīz/Submit
verb
past tense: centralized; past participle: centralized
1.
concentrate (control of an activity or organization) under a single authority.
"a vast superstructure of centralized control"
regulate
ˈregyəˌlāt/Submit
verb
past tense: regulated; past participle: regulated
1.
control or maintain the rate or speed of (a machine or process) so that it operates properly.
"a hormone that regulates metabolism and organ function"
Definitions of interest
decentralize
dēˈsentrəˌlīz/Submit
verb
past tense: decentralized; past participle: decentralized
1.
transfer (authority) from central to local government.
"Canada has one of the most decentralized governments in the world"
centralize
ˈsentrəˌlīz/Submit
verb
past tense: centralized; past participle: centralized
1.
concentrate (control of an activity or organization) under a single authority.
"a vast superstructure of centralized control"
regulate
ˈregyəˌlāt/Submit
verb
past tense: regulated; past participle: regulated
1.
control or maintain the rate or speed of (a machine or process) so that it operates properly.
"a hormone that regulates metabolism and organ function"
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