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This, in fact, goes against what Cryptocurrencies represent and what scares me the most is that people, in this case governments, are trying to regulate the new
by __warlord__ 9y ago
This, in fact, goes against what Cryptocurrencies represent and what scares me the most is that people, in this case governments, are trying to regulate the new with the old. Remember, innovation always win.
- deleted 9y ago[deleted]
- charlesdm 9y agoNone of the proposed laws are unreasonable though. Anyone who thinks no regulation is coming to this space is delusional. Regulation is good. KYC and AML policies are good. That means regulators are taking proactive steps to keep these currencies in the system, rather than banning them.
- whataretensors 9y agoGood regulations are good. Bad regulation is untested code, written to benefit lobbyists. Like the accredited investor regulation which is essentially codified class warfare.
- ThrowawayR2 9y ago> Remember, innovation always win. Concorde and supersonic commercial flight, 3D TV, video phones...I could go on but those are the few that came to mind off the top of my head.
- vvillena 9y agoAll of those lost against better tech, because they were but gimmicks. Cheap and efficient flight is better than supersonic, exclusive flight. High resolution, high contrast, high colorspace TV is better than 3D TV (IMHO VR is also better than 3D TV). And advanced text messaging is more convenient than video calls.