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> Regulation is the correct solution. I once read (here, perhaps) that Bitcoin is a long demonstration in how regulation comes to exist. I think many in the B
by stinkytaco 9y ago
> Regulation is the correct solution.
I once read (here, perhaps) that Bitcoin is a long demonstration in how regulation comes to exist.
I think many in the Bitcoin community conflate "regulation" with "monetary policy". They assume if bitcoin is treated like money, with laws that protect people from fraud, that must somehow lead to restrictive monetary policy, which the community tends to abhor.
- theptip 9y ago> Bitcoin is a long demonstration in how regulation comes to exist. Or perhaps a short demonstration, given that BTC appears to be recapitulating the entire history of currency in a few years?
- saosebastiao 9y agoExactly. It boggles my mind that people can't grasp the difference between the two. I hate the fed and the department of the treasury, and think QE is a horrible policy just like our permanent deficit. But I happily welcome the SEC and FINRA getting involved in cryptocurrency.