Post
Topic
Board Bitcoin Discussion
Re: Bitcoin ATM CEO: Cryptocurrency Needs Regulation to Survive
by
Herbert2020
on 24/09/2018, 06:47:34 UTC
its so needed and obvious for bitcoin and cryptocurrency to be regulated, for safety of users, investors, purpose and general acceptance.

that is only true if we assume the regulations and the government is there to protect you and your money but the reality is not like this. regulations aren't a way to save our asses. the government doesn't care about that. what happens with regulations is that you will continue being scammed and lose money (like exchanges running away) but also you will be paying taxes and experience other limitations because you are complying with some regulations.

yes you are right.. But please tell what will be the solution to increase of bitcoin adoption? Because without government support I don't think the encouragement to use bitcoin will be faster. Because government can ban the advertisement any time.

bitcoin doesn't need the government support to grow. that is the whole point of it! as a decentralized currency it should never seek approval from anyone let alone the government. and if people adopt bitcoin they should be adopting it because of this and other characteristics that comes with being decentralized, not because the government approved it or not.