Topic: [POLL] Should the Altcoin world work with govt authorities or fight them ? - page 2. (Read 1056 times)

We should work with them if possible, and fight them only if necessary

The point is that if "crypto should work together with gov" then I don't see the point for crypto.  Anyone can explain to me what's the point of crypto, if it isn't to get back economic freedom states took away ?

Because if crypto is fully legal, then anything you can do with crypto, can just as well be done with fiat, right ?  So what's the point of the hassle of crypto over fiat then ?

I agree.

You can't expect that people would accept only one idea.

Indeed, probably the realistic solution is that states are simply overwhelmed by crypto, try to regulate some aspects of it, but have to give up under the pressure of their populations, a bit like the internet is half regulated, but still allows for much more free speech than centralized, censored media were "back then".  That said, money is a much much more ticklish affair for states than free speech.  They're essentially in it for the money, and free speech was only a nuisance  (even though free speech is sliding back to dark ages  in many "free" places nevertheless), while taking money is their core business.

Both will and should happen.

Well, I think one can perfectly well live in a society without state and law, but only on a contractual basis.  But that's a political opinion, that must sound as strange today as the statement that one could live in a society without a king sounded in the middle ages.

However, that is not the gist of the discussion.  If you think that one should live in a society with state and law, then *there is not a single use case for crypto currencies*.

Because the fundamental principle of a crypto currency is distributed, open trustlessness.  It is the need for this trustlessness which brings all the hassle of it.  If there is state and law, there is a central authority which should have might over everything.  That is in fundamental contradiction with distributed trustlessness.

It is fundamentally impossible to have a "regulated crypto currency" that is at the same time, not totally degenerated into a fiat currency.  Because in order to be regulated, it needs to be traceable, confiscable, stoppable and reversible, by a central authority, something that is totally orthogonal to its conception.  Of course it is possible to alter a cryptocurrency to the point of being regulated, but then it doesn't need to be "crypto" any more.  It is then a hassle to take all that crypto blockchain peer-to-peer stuff with it.  Normal bank computer fiat works 1000 times better for the same purpose.

So yes, maybe money needs/will be regulated.  But then it is useless to have crypto money.  That's my point.

Each time this discussion comes up, people tell me that "you cannot fight the state and law".  But my question is then: why would you want crypto currencies to be adopted in the first place ?  What do they have to offer over fiat ?  My answer is: "nothing but trouble".
What's your answer to the question "what have regulated and hence centralized, traced, cryptocurrencies to offer over regular fiat ?"

I agree with BitcoinHodler point of view.

believe it or not we are living in a society and as a citizen you can't hide from the law and think you are above it just because you are using a cryptocurrency.
they need to be regulated.

although to answer OP i say things need to be done right. sometimes regulations aren't all good, sometimes they are too restrictive that will cause businesses to stay away from cryptocurrencies just because of these restrictions.
so as long as our privacy is not completely compromised and we aren't forced to do some crazy stuff just to use them i am for it.

See my post in the thread on "the rise and rise of monero".

Crypto has no reason to exist inside a legal system and is even outright dangerous as a tool to oppress people and have governments steal people even more.

There is not a single reason to desire "crypto adoption" in that case.  On the contrary.  If crypto could go away it would be much better in that case.

I see this matter as an ever growing serious issue with laws and regulations increasing / looming.
We are going to have to confront this issue at some point..

Either you are willing to compromise and work with authorities or you are going to have to get ready for a battle !

What side will you be on people ?

Oh and i vote "Work Together" because i think it's what we need to do to get a currency used / adopted.