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RE: Regulations are coming, and that's a good thing!
Regulations - a good thing... Hmm I was always thinking that bitcoin "main goal" was to not have regulations... Life always surprises me... :D
Regulations - a good thing... Hmm I was always thinking that bitcoin "main goal" was to not have regulations... Life always surprises me... :D
Na, I mean they regulate some really crazy things; you just don't think about it. Of course they will try to regulate BTC. That was never the main goal from Satoshi's work to avoid regulation. It was to avoid rampant money printing and inflation. It was not to avoid fees or taxes. You may note Satoshi knew how to mask the blockchain and never implemented it. He knew that would cause governments to destroy BTC - monero will suffer for that. So there was never a "main goal" to act like criminals outside of the law. It was about a paradigm shift in storage, supply and transfer away from the elites to all. You don't need a bank account with BTC. Regulation also has benefits such as by paying taxes we legistmise the crypto space and encourage governments to protect it (it is not about two fingers up to government do that and we are done).
The banks, and thus the government, want the most used currency to be the USD because banks receive free USD. Banks cannot receive free Bitcoin by design, so they will fight it.
I think that's what we need though to stabilize crypto and make it more inviting for new potential investors.
The government has their hands out getting their piece for doing absolutely nothing.