There's been a lot of talk about submitting the Bitcoin economy to governmental regulation and, frankly, it scares the hell out of me. One of the reasons I'm so excited about Bitcoin is because it presents the same promise of a fully free market that cash does without all the problems surrounding a fiat currency.
Personally, I am strongly against Bitcoin regulation. I believe the market is completely capable of caring for itself and regulation would simply expand government intrusion into people lives. I can see no benefit and a lot of detriment.
What do you think? Do you think the Bitcoin economy should be regulated? If so, to what extent?
Rage
It depends on what you understand by bitcoin regulation. Regulation can be different. When we talk about the need to regulate cryptocurrency, we mean by this the process of its legalization, which includes establishing the legal status of cryptocurrency, determining the order and conditions of its circulation within the state and of course its taxation. At the same time, no one talks about state intervention in the principles of the existence of Bitcoin, and above all, its decentralization. Legalization of cryptocurrency, which includes the above issues, we need, without its legalization, the cryptocurrency will not be able to further develop.