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RE: Market update Tuesday, January 23rd 2018. Slow market as decentralized exchanges are popping up
i thought tax regulation would be a good thing (NO not because I'm a fanatically law abiding citizen who intends on paying any)
but because that means the end of bull about banning (even government isnt that stupid to slay a gold egg laying goose)
and also I see it as the next step of crypto's becoming truly mainstream the more people get to try using them one way or another the more will understand their true value and the changes to the world they can bring
Yeah..well this is the catch 22 of cryptos. The crypto movement and ideal is that we bypass the current system, and make no mistake, Bitcoin's whitepaper is 100% capitalist. 100% laisezz faire anarcho capitalist. Pure free market. We want the abolishment of the oppressive and violent state power, and we want free transactions peer2peer.
Now, regulations interfere with that vision. But at the same time, no regulations means a much harder fight. It means we would actually have to get rid of governments, and that requires a hell of a lot more than just throwing around memes about hodling IMO. Sure, you can hodle and wait for regulations to appear and sure you'll get rich. But nothing has really changed.
Catch 22 for governments is that they don't want people to do peer2peer transactions. They want control over the currency. Thats the only way they can stay in power. Because once people see that freedom actually enables them and that governments is just a resting pillow that actually inhibits people, they might just don't want to go back.
And as we see more and more people being "red pilles", sure, some are wildly clueless about values and rationality, and call themselves absurd oxymorons like "I'm an anarcho communist" lol..it's like saying I'm I'm icey-warm!, but it means that people are looking for something else. They feel something is wrong. And there is a HUGE redpilling going on these days. The liberal insane left is taking it's last breath. And we might see a lot of nationalism before we see free markets.
But these things cycle too. Even governments grant people periods of freer markets to boost the economy, because they know that high taxes and a lot of welfare state means worse times, because people lose incentive to work and earn. So my guess is that we're looking at a more liberal (in a classical liberal sense) path in the coming years. Sure, cryptos will be taxed, but boy, regardless, it will be a quantum leap into the future, when we are DONE with all this bullshit, and can focus on the way forward.
You can see what the governments do..they inhibit. We could all ready see amazing projects come to live and lambos being driven to a much larger extent..but we have to wait for the thieves in power to regulate first...its ridicilous.