Post
Topic
Board Bitcoin Discussion
Re: To hell with regulations and government interference
by
xtraelv
on 20/09/2018, 09:50:34 UTC


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.


Reading that read like the lyrics of a Pink Floyd song !

We don't need no regulation
We don't need no KYC
No coin promoters in the courtroom
Governments leave them ICOs alone
Hey! Governments! Leave them coins alone
All in all it's just another brick in the wall
All in all you're just another brick in the wall

But in all seriousness - no-one in their right mind WANTS regulations and Government interference but it is going to happen and when it happens you are better working with them to make good legislation than to just wait it out and see what idiotic ideas they come up with.

Centralized exchanges will get regulated - A LOT. Governments want their cut of the profits. Work with the regulations rather than against them until there is a system that they are unable to regulate.

Until decentralized exchanges really exist - there is a risk to privacy coins.

I really hope that someone will take my suggestion of wallet-swap seriously. https://bitcointalk.org/index.php?topic=5001019.msg45130945#msg45130945

It would make the exchange really peer to peer and trust would only have to exist in the open source code.