There's been a lot of talk about submitting the Bitcoin economy to governmental regulation and, frankly, it scares the hell out of me. One of the reasons I'm so excited about Bitcoin is because it presents the same promise of a fully free market that cash does without all the problems surrounding a fiat currency.
Personally, I am strongly against Bitcoin regulation. I believe the market is completely capable of caring for itself and regulation would simply expand government intrusion into people lives. I can see no benefit and a lot of detriment.
What do you think? Do you think the Bitcoin economy should be regulated? If so, to what extent?
Rage
for traders, regulations actually really help us to trade in different countries, with our regulations being taxed I don't think it is a problem either because indeed every business wherever we are will always be taxed, and as good citizens are taxpayers, every businessman who fear of tax usually uses unclear money, it can be money from crime or money laundering, so don't be afraid that bitcoin will have a regulatory system in each country, because the existence of bitcoin will be legal.
Practically, regulation is more like an approach of trying to make things a lot more matured and interesting as we get to see the market being less likely manipulated. Yes, regulation always come with its own disadvantages too, but in a lot of ways, it actually helps hugely when it gets to the area of trying as much as possible to get the best of the market and play with it, without at least having to worry about some whale pump or dump.
Also, considering the fact that a lot of big investors on regulation, will find it easy to want to invest in the market, simply makes more money to get ushered into the space as the case may be.
