Post
Topic
Board Announcements (Altcoins)
Re: [ANN][NOTE]DNotes - New Company Launch in 2016 To Integrate The Currency, Pay...
by
kanus1113
on 25/10/2015, 01:03:18 UTC
I just read through the bitcoin recap from yesterday. The article on premature bitcoin regulation had some intriguing points.

1. The current interest in regulating Bitcoin far outweighs its current impact on the market. Noting that the total amount of Bitcoins in existence has a value less than $4 billion at present, and that the coin has relatively little market penetration, Deloitte argues that the amount of value presently at risk is not significant enough to warrant this level of regulatory interest.

2. This technology has received strong regulatory attention far earlier than other transformative technologies. Citing technologies such as the telephone, airplanes, radio, the mobile phone, and the internet, Deloitte reminds readers that each had at least two decades of unregulated development before government took an interest. By contrast, Bitcoin has been developing for little more than half a decade.

3. The true transformative power of Bitcoin has not even been realized yet. It is thus premature to institute regulatory schemes that could prevent the truly innovative transformations that are sure to come.

While I agree with all of these points, it seems like good regulation would help foster the technology more than no regulation. What do you guys think? No regulation vs good regulation?