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The SEC has already proven that they can't keep up with crypto. I don't think crypto will survive if it becomes regulated. While there is a lot of manipulation
by encryptluks2 5y ago
The SEC has already proven that they can't keep up with crypto. I don't think crypto will survive if it becomes regulated. While there is a lot of manipulation happening in crypto, there is a lot of organic grassroots efforts as well for people that value privacy and true decentralization. I can only imagine how quickly they'd work to destroy both of those things and target cryptocurrency that promotes those ideals. There is nothing stopping them from regulating exchanges as is.
- londons_explore 5y agodeleted
- throwaway78757 5y agoSo... I know someone with about that many bitcoins. They have never used a notary to sell any coins whenever they want. They have cash in multiple countries in many different banks and jurisdictions. I wouldn't say the notary and police interviews are required.
- Bud 5y agoIsn't it just a tad bit disingenuous to say "those same bitcoins", when, as we all know, their value has appreciated by around five orders of magnitude since then?
- rodiger 5y agoIn dollars, but purists would argue that's irrelevant when transacting in bitcoin
- madsbuch 5y agoIt is probably impossible to regulate Crypto altogether, as it is merely a term with no sound definition. Regulations would probably also hit, eg., in-game economies, that are essentially the same as crypto economies, just them being controlled by a central agent. Essentially it would mean a ban on ... platform?