Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
mmitech
on 19/08/2015, 12:08:42 UTC
Well, I said this few years ago, Bitcoin is not BitTorrent, bitcoin is a financial instrument and will be heavily regulated, you can try to fight it now, but you like or not, these things will eventually happen...
Bitcoin is not a financial instrument. Bitcoin is money. Gold is money too, not a financial instrument. Good luck regulating gold... and bitcoin.

Some people tend to forget:
"Bitcoin: A Peer-to-Peer Electronic Cash System" Satoshi Nakamoto

Cash is NOT a financial instrument! And never will be... hopefully!


Well, to be honest, like you, I have dreams of privacy, but I also have dreams of security and peace, and if I have to compromise, I will gladly compromise some of my privacy rights for the sake of a secure and peaceful world (maybe the fact of having kids changed the way I think), and we both know what Bitcoin can be, don't just think about what you see in Bitcoin, think also about what others sees in Bitcoin, many people will find it an excellent way to launder money, finance terrorism and criminal activities, and the best way to pay for illegal products such as child porn and weapons... I guess you see the big picture here.

I know that many people here are libertarians, and I know that they will really hate me for saying this, but I don't wish to live in a world where crime is considered the price or the cost of financial freedom, why not have both security and financial freedom at once?