Quote from: goldenmonke on Today at 12:12:45 AM

Isn't the whole point of bitcoin permission-less exchange? I've heard people talking about the "benefits regulation will bring." But once they regulate crypto won't it lose an enormous amount of its core utility? A distributed ledger that is forced to implement changes from politicians will never allow free exchange or permission-less transactions. What's the point of it then?

So what is the pro-regulation crowd thinking in 2023? Are they confused or am I the one who is wrong here? I would appreciate any perspectives.

Irrespective of what anybody says, I will always advocate for the sane world, too much freedom is a curse in society, so we should be careful of what we wish for and to do as no one will know the next victim of such freedom. Bitcoin and other cryptocurrencies are good on their own and it would have been perfect if they could be left alone as it is now. But the heart of an average human being is wickedly wicked, that is why I will never agree to that, more regulation is needed, it will not solve the issue 100%. but will lessen the negative effect. I love the way the crypto transactions are private and somewhat anonymous and has helped us solve the cross-border payment issues where the top world countries alone have the most privilege, nonetheless, a lot of people are using it for bad things too, that is my own concern here.

We can't leave it alone to freedom or let what we use it for judge of conscience, some people do not have a conscience, hence regulation is advised. However, I expect more regulations over time, a light one might be added in 2024 though, but in the next 5-10 years, cryptocurrency will have been effectively regulated whether we like it or not.