Hi all!
People in this forum and in many other discussions are fast to talk about the 'need for regulations'.
Most of the times it is in connection to mass adoption and for price speculation ideas.
Is regulations really only for Bitcoin to increase in price? What about the whole idea about a P2P currency without governments and banks being involved as a middle man .... Regulations issued by authorities, is that not only for the old system to take control of this emerging p2p currency market? I dont know but why should Bitcoin be regulated by governments and other authorities according to you?
That's all fine and dandy, except if you want institutional investors, mass adoption, etc, then regulations are needed.
Freedom without laws is anarchy, just as laws without freedom is tyranny. Instead, both parties tend to profit if
there is a mutual agreement somewhere down the line for either two to coexist. In the case of Bitcoin, it's beautifully transparent, yet subtlety private and reserved in some aspects.
It isn't the most user friendly, but it's something members of parliament across the world can somewhat collectively agree upon, that being, the blockchain itself, being the real game changer, not Bitcoin "PER SE".
Bitcoin only seems to be a unique proof of concept, providing an excellent working model of a Blockchain ecosystem. Probably why Nakamoto made the whole project open source.
Just a theory