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Well, of course something that skirts around regulations will require less red tape. Once the government catches up, you'll be required to do similar hoop jumpi
by Felz 9y ago
Well, of course something that skirts around regulations will require less red tape. Once the government catches up, you'll be required to do similar hoop jumping for cryptos. Exchanges suffer this problem already, don't they?
- solotronics 9y agoThe cat is already out of the bag its just like bittorrents of copyrighted content. Yeah It's illegal but that doesn't stop anyone. Also, with how easy it is to change one crypto for another how would you even regulate it? I am not asking that retorically and am genuinely interested in this if anyone has an idea of how cryotocurrency regulations would work.
- lalaland1125 9y agoYou regulate the fiat onramps and offramps which are the exchanges. Nobody uses bitcoin to actually pay for things, so once you take away the ability to exchange it for fiat, the whole scheme collapses. The US government could end most of this tomorrow by simply shutting down a handful of exchanges.
- ghthor 9y agoThis is very shortsighted. In the positive future, you aren't going to need to exchange into fiat currency, youll just exchange in crypto.