Quote from: kendog77 on July 17, 2014, 09:00:59 PM

Quote from: dida on July 17, 2014, 08:42:07 PM

BTC is becoming peace of shit ultra regulated currency like USD, YEN, etc. and I don't like it. Probably true crypto believers will abandoned BTC soon if not even sooner:

http://www.businessinsider.com/nydfs-bitlicense-draft-2014-7

I'm not sure why you think this is a bad thing.

In order for the price of BTC to go to the moon like most people hope it will, it needs to be an ultra regulated currency so grandma can use to it pay for groceries at the supermarket.

BTC is never going to go mainstream, and the price will never go to the moon, without significant regulation.

True "crypto" believers have little impact on the price. Right now, the focus needs to be on getting the average Joe to use BTC.

Agree 100%