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Regulations are coming? On a fully public ledger? You understand that BTC, ETH, and every derivative non-privacy-coin is exactly what the regulators have been
by caeril 4y ago
Regulations are coming? On a fully public ledger?
You understand that BTC, ETH, and every derivative non-privacy-coin is exactly what the regulators have been salivating for, right? Why regulate a non-repudiable chain-of-custody that mathematically proves your serfs'/slaves' assets that you can seize at will?
> libertarians were empowered(but not enough to be the main political power).
You should re-examine the GOP, particularly the tickets on today's ballots. This ain't your grandfather's GOP.
- mrtksn 4y agoIt’s always amusing to see crypto people claiming that mathematics can’t be regulated. Just like they can’t regulate chemistry, right? Well, actually it’s always the peoples behavior that is regulated. Obviously no one can stop you mixing chemicals in private but they can totally tell you what you can and can’t do in public with it. The same thing goes for crypto, you can calculate block hash all you want but they can intervene if you engage in a business deal with someone else. Oh and regulation doesn’t mean ban, necessarily. It means rules on how you deal with it so that the risk of unwanted consequences is reduced. You can expect to have rules on how you keep the money if you run a stablecoin for example.
- TedDoesntTalk 4y agoDidn’t the US regulate use of a Bitcoin mixer this year? There are more reporting requirements for US citizens and entities.
- threeseed 4y agoRegulations aren't exclusive to the US. Many parts of the world e.g. Australia are heavily regulated in the financial sector and will not be looking to water them down just because its 'crypto'.