Post
Topic
Board Bitcoin Discussion
Re: Some thoughts on Bitcoin regulation...
by
Ragnarly
on 15/02/2014, 17:19:58 UTC

But more fundamentally, bitcoin was invented to bypass these restrictions in the first place. What would Satoshi say if he/she/they were still actively and publicly involved in bitcoin?

Probably to f**k off.

In the genesis block, Satoshi used the following headline, "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks". https://en.bitcoin.it/wiki/Genesis_block

Photo of the newspaper: http://i.imgur.com/tWCACH5.jpg

Financial regulation won't make Bitcoin safer. Bitcoin was created in response to the failure of the regulators. Bitcoin has succeeded because it's has been able to develop in an unfettered free market. Regulations would have choked it. Imagine if Satoshi had sat down with regulators when he wrote his white paper.