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
You have a point mate, but the issue here is, if we would like to see Bitcoin function as a currency which will be used on a daily basis in order to fulfil its goal, then governmental regulation is key. Bitcoin is now largely valued as an investment opportunity because people prefer to hold for some period of time till the price rise by an increase in its demand which is normally caused by an exciting news. The question, how long will this exciting news keep hitting the market?