Quote from: hatshepsut93 on Today at 10:00:51 PM

Quote from: Synchronice on Today at 06:16:28 PM

Since this thread is opened in Economy board, I assume the main idea behind this title is that bitcoin should be regulated, right? But bitcoin is finance and submarine is a different case.

I have a feeling that on this forum there's a very common opinion that all regulations are bad, and if society gets rid of them and the government, everyone will get rich and the economy will be booming.

Many are just stereotyping what they read without really not knowing what they read. I am not one of those who thinks regulation is bad. Regulation is implemented to protect the interest of both the state and its people. Just like the case presented by @OP. They are the standard to follow in order keep people safe from whatever undesired result of neglect or substandard actions.

Quote from: hatshepsut93 on Today at 10:00:51 PM

As for Bitcoin, it itself is impossible to regulate, and I don't think there has ever been any attempts to do so by pressuring devs, miners and full node operators. But Bitcoin ecosystem absolutely should be regulated, exchanges need to prove solvency; hyips, cloud mining and other scams need to be prosecuted; mining needs to be regulated to not cause disruptions to energy grid and to not contribute to environment pollution.

True! Bitcoin as decentralized in nature is very hard to regulate but it is not impossible especially Bitcoin needs to go through centralized system in order for the people to use them in their daily needs. I am also one of the believer that regulation is necessary to keep the Bitcoin community safe from exploitation and scams.