Embrace Bitcoin regulation! Gotta love it! - page 2.

pungopete468

hero member

Activity: 1470

Merit: 504

Quote from: CryptoReaper on February 16, 2014, 07:01:10 PM

This currency needs to be regulated less, not more. Regulation can lead to centralization, the very aspect Bitcoin was designed to circumvent.

Bitcoin wasn't designed to circumvent regulation in-and-of-itself; it was designed to empower it's users should they choose to circumvent regulation...

Bitcoin will be regulated by a central authority or several central authorities. This is the human interface of Bitcoin and without regulation (the perception of security) the mainstream will never catch on.

Bitcoin is a tool made for reallocating financial authority. The power is placed back into the hands of the masses who will decide for themselves how to use it.

The exchanges will always be regulated. This is a central point of failure that we will need to acknowledge and work on minimizing...

corebob

full member

Activity: 238

Merit: 100

I assume OP is talking about bitcoins ability to regulate itself.
The technology is quite amazing. Revolutionary even

joecooin

sr. member

Activity: 359

Merit: 250

Quote from: CryptoReaper on February 16, 2014, 07:01:10 PM

This currency needs to be regulated less, not more. Regulation can lead to centralization, the very aspect Bitcoin was designed to circumvent.

Wow.

That people on reddit are downvoting my very same post there because they only read the headline is one thing but you even bother to answer without actually reading the post?

Nevermind.

Joe

EvilPanda

hero member

Activity: 658

Merit: 500

Small Red and Bad

Regulation won't mean the end of anonymous transactions (Don't forget that if you buy something in a retail store you are not anonymous). Bitcoin works just the way cash does, you can just give it to someone on a piece of paper, there's no way to regulate such trade. Regulations are only for businesses and if you run one you want rules to be clear.

CryptoReaper

newbie

Activity: 52

Merit: 0

This currency needs to be regulated less, not more. Regulation can lead to centralization, the very aspect Bitcoin was designed to circumvent.

JeffZwolle

member

Activity: 81

Merit: 10

Quote from: ?? on ??

If wallstreet get into this business it gonna be regulated, it means governaments controlin transaction, goodbye free and anonymous transactions.

There is more world beyond the US border

joecooin

sr. member

Activity: 359

Merit: 250

I love Bitcoin regulation. And human kind is at a point in history, where Bitcoin regulation is needed to solve our biggest problems.

Bitcoin is the most beautifully regulated piece of technology ever invented.

The ellegance of it's minimalistic yet powerful regulation is coded into a protocol more durable than anything ever written in stone and that one unbreakable rule underlying it's concept is freedom. Freedom of transaction. Everybody transact with everybody who they choose to do so with.

Bitcoin is regulated in such a way that no armed forces of any king whatsoever can threaten my little miner pointing their guns at it so that it would break that rule nor can anyone bribe it with however much money they put up.

Bitcoin regulation is the one and only thing we needed in order to solve the two biggest problems of our time and finally regulate banks and governments.

Gotta love that and embrace Bitcoin regulation!

Joe

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