This is just my opinion and just feel free to post a reply.
Bitcoin is one of the biggest money accumulated globally from different currency. It has been tag as scam while others did not believe in it (due to its features instant big earnings) and others think of something else like a new innovation doing a decentralized transaction without third party just purely bitcoin platform that one can remain to be anonymous. The government did not approve this decentralization system for it was subject for abuses to which it really had basing from complains of users whom were being scam. Yet, the government also did not close the doors to bitcoin for negotiations and had seen its huge potential.
There are appeals of some promoting the system to the community like in those rich countries to where for now it remains floating. The system still not legally accepted and news were popping out regarding on bitcoin and altcoins restriction investments and the prohibitions for the community to invest as a result from the complains being filed from users getting scam. However, they still can invest if they really want to but not limited to bitcoin and other strong altcoin like Ethereum. The goverment really see the potential of cryptocurrency and seeing a lot of money they can probably take.
So, the problem I had seen here is not the bitcoin platform instead it is the acceptance for the safety consumptions of the community. The different perceptions also regarding bitcoin made it worst. Meaning that the community needed to be educated regarding with bitcoin and its risk.The risk I was talking about is the volatility of bitcoin market but we know that bitcoin is not different from stock market specifically in trading feature. And I think joining bitcoin has more advantage than stock market where it will allow one to earn instantly knowing also the high risk.
Now, my point is that bitcoin has been considered already and working well for now but violations could be imposed to the users abusing the system from other users who had been asking help from the government specifically the investment scams. Eliminating this risks needed a help from the government or could be a private institution created for the sole purpose of safety to all users. For this we can expect something good in return. However, I know that most of the users here do not like the intereference of the government or any third party but not to all since there are already some pushes this system to be legalized. Wether we like it or not I think we need regulations for the safety of the users coming from the government or any private institution that will help the users keeping away from the abuses. A little revisions also would be a great help by being a friendly user system letting the users to decide wether to remain anonymous or not depending on the users agreement in a certain transactions.
And then again this is only my opinion and you are free to react violently.
What do you think guys of bitcoin platform do we really need a third party to add safety measures for the users and being a user friendly sysyem? All I know is that I really don't know.
