Quote from: Barbut on November 26, 2018, 07:09:04 AM

Quote from: squog on November 26, 2018, 06:41:25 AM

Personally I'm ok with crypto currency regulation. This just means that people with vested interests in crypto currency would be protected by tje law and by extension will be prosecuted if found of fraud or any criminal activities involved in such in return for paying taxes. But the thing is it should be pro crypto currency and not just getting taxed without any protection.

I`m ok too with crypto regulation, its transparent, available to all, easy to use, you cant compare benefits from decentralized system supported from all the people for people with centralized system where handful of people decide what is good for everyone, that handful of people is richer every year, while everyone else suffer from that kind of system, that has to end very soon.

It can be a bit of overdone at times. The difference between regulating stuff like stock markets and bitcoin is that bitcoin is decentralized and not tied to anything and loved by the people who would like to stay as anon as possible. For example I have never given any information about myself to any crypto place at all, I know there must be some people who can figure out who I am by searching hard but I want it to be a bit of challenge instead of giving it to people myself.

Hence when you try to regulate something like bitcoin it becomes a question of decentralization. Is something decentralized when regulated? If it is regulated, how can we call it decentralized? Bitcoin was suppose to be a global money for the people instead of one countries rule but people pay taxes with it, if you are paying your taxes, how is it decentralized?