Quote from: Malsetid on April 14, 2019, 10:24:37 AM

Quote from: Sithara007 on April 13, 2019, 01:11:20 PM

Quote from: Kelvinikke on February 03, 2019, 06:46:13 AM

Decentralization is one of the greatest dreams of Satoshi looking at the how the blockchain technology and its immutable distributed ledger has been designed. Well it saddens my heart that the greed of men has led to the abusing of this freedom and liberty that Satoshi wanted us to have in the financial industry. Look at the way people are being scammed and robbed in broad day light just because crypto is embedded in anonymity and decentralization. I think we've all had it to the peak, how about we have some level of regulation with the activities in the crypto industry. Share your thoughts commrades.

Scammers and fraudsters are present everywhere, as greed is embedded as a basic character in the human behavior. Decentralization has nothing to do with it. Satoshi invented Bitcoin as a tool to end the exploitation of the common people by the central banks. If someone is using it for criminal activity, then we can't blame Satoshi and his invention for it.

Yeah we can't blame satoshi but still that doesn't change the fact that these selfish, greedy people are using this feature to their advantage. That's why i think we should be too tight when it comes to having regulations applied since we can't control people abusing it. Yeah we can't avoid such abuses even with certain regulations but it's still better than doing nothing at all.

You guys all make a good point cause we can't definitely blame Satoshi and his invention for the greed of using it by some people. However, don't created Bitcoin just because to end the exploitation of the common people by the central banks but to give the masses the financial freedom and some kind of regulations board is what we need to tackle the abusive way of using the blockchain I don't see anything bad in it but we must make sure the regulation won't also take the advantage of the process either.