Post
Topic
Board Bitcoin Discussion
Re: Have the Crypto leftists overthrown anarchy in Bitcoin?
by
DirectContract
on 20/08/2018, 06:18:46 UTC
I don't think so. Anarchy is still present in today's bitcoin, it just doesn't seem to be like what it was a few years back. We all know that at one point, regulations would take over the ecosystem given that cryptocurrencies have monetary/fiat value. Needless to say, in order for the government to acknowledge the existence of bitcoin, they should create their own set of rules and regulations just so people can trade their bitcoins into their national currency and vice-versa without any legal implications resulting to fraud etc. Afaik, there isn't any central authority controlling the whole of bitcoin, so in terms of decentralization and anarchy, bitcoin is still doing pretty well IMO.

As we stand now, it's no different than it was several years ago. You can still call it decentralized, anarchic, and free. This is because there is no main regulator, like you said.

This can't last long I think. That's what all this fuss over ETFs and the NYSE adopting bitcoin is about. Hell, even the establishment of futures contracts was one step closer to putting a leash on bitcoin. There is more and more movement towards getting it under control these days, and it just might happen. Not completely, but just tame it a bit more.