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Regulations will only affect organisations who have to operate within the confines of hose regulations. Bitcoin was designed specifically to operate outside of

Regulations will only affect organisations who have to operate within the confines of hose regulations. Bitcoin was designed specifically to operate outside of regulations. Crypto exchanges were never part of the plan. Nor was speculation by the likes of Goldman Sachs. Their involvement has been detrimental to Bitcoin and has brought with it the very worst of investment-culture. It's been the wild west for bad players for too long. That's going to stop. And that's a good thing. Bitcoin will survive for the simple fact that as long as something somewhere is illegal, Bitcoin will have value.

bmelton 9y ago
Except that there are cryptocurrencies gaining traction that have far more utility in that regard. Monero, for example, uses ring signatures to enable a greater degree of anonymity by having x% of block transactions be complete gobbledygook. Sending someone a transaction doesn't unmask your transaction activity for them to see (unlike Bitcoin), values transmitted are obscured to people browsing the blockchain (unlike Bitcoin), etc. Bitcoin isn't the best, or even a particularly good cryptocurrency for engaging in extra-legal activities.