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We need no regulations. We need no KYC. We need no ETF's. What we need to do is show the world why Bitcoin is better than government FIAT and let Bitcoin take over that way. We have a real shot at gaining freedom of finances however it seems most are tripping over themselves to give all that away to the government as quickly as possible.
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No regulations in cryptocurency means FREEDOM! That's was my first idea - when I heard about cryptocurrency (maybe second one becouse realy first was WOW you can earn 1000x in crypto ;-)
Recently, however, I came across an interesting article closely related to the topic discussed here. I honestly say that before the reading I had no idea how much cyber criminals are involved in the crypto market. I thought that "real criminals" only use the currency as payment in transactions due to its anonymity, and we have also a group of hackers who try to steal "some coins" ....
The article, however, presents the darker side of the crypto as...
...This is the history of distributed technologies its been one of facilitating criminal enterprise. Bitcoin played right into that, and now we have the dark web and now we have hackers who are leveraging the technologies as well. And people are pretending or fooling themselves that its about some sort of a libertarian ideal, where people are going to behave. No, people will not behave. Criminals are going to come in, and they are going to take over, and its going to be the whole reason why we have this stuff....For all cryptophans, this does not sound good but I will tell you in advance that its message is not to close the crypto but to change the rules - reduce anonymity while maintaining most functionality ...
I am not a fan of government and in particular I do not like taxes at all, but after reading this article I changed my mind a bit and now I think that taking some regulations may not be a completely bad idea... For example reducing anonymity while keeping most functionality..
I think we all care about introducing cryptocurrencies for mass use. But do we really have to keep so high level of anonymity while paying in stores, or sending coins to our family or friends?
I think article is readworthy:
https://cointelegraph.com/news/it-analyst-jason-bloomberg-what-im-really-saying-is-shut-down-permissionless-blockchains