Post
Topic
Board Bitcoin Discussion
Re: Do we want to work with money regulators, or keep Bitcoin unregulated?
by
Severian
on 28/06/2013, 19:20:12 UTC

Well said. You zeroed in on a core issue with human nature that Bitcoin brings to the surface:

Quote
As he reveals in the interview, his ultimate goal is not to be an entrepreneur, but rather a career bureaucrat on a regulatory panel that tells entrepreneurs what they can and can't do. Determining the advisability of doing business with a company whose CEO doesn't actually want to be in the business is left as an exercise for the reader.

Americans and others around the world have been conditioned to believe that the political divisions in human beings are between "liberals" and "conservatives" when in actual fact, the true dividing line is the one between those obsessed with Ruling or being Ruled and those who perceive Liberty as the higher end: "The real division is not between conservatives and revolutionaries but between authoritarians and libertarians." -George Orwell, 1948

Since Bitcoin is the first money in human history that has no "Ruler" behind it, it's defining this line very clearly. Bitcoin's creator seemed to know this, per his statement about Bitcoin and libertarians.

Bitcoin will survive the authoritarians, just as it was designed to do. Exchanges might get taken down, markets smashed, but Bitcoin as an idea and a tech will outlive the commissars.