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A Call for Greater Regulation of Digital Currencies
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AutoEcole18
AutoEcole18,
User Rank: Apprentice
11/21/2017 | 5:34:05 PM
Great News
Such a great news. This ecosystem really needs some regulation.
Dr.T
Dr.T,
User Rank: Ninja
11/28/2017 | 10:39:14 AM
Re: Great News
"This ecosystem really needs some regulation"

I would partially agree, however I would not think it would be effective.
Joe Stanganelli
Joe Stanganelli,
User Rank: Ninja
11/27/2017 | 4:23:07 PM
2, 4, 6, 8, what else can we regulate?
Which, of course, defeats the whole legitimate purpose of cryptocurrencies to begin with. And then why even have them? The whole point is trustless decentralization to make them immune to central-authority interference.

Crime should be dealt with the way one deals with crime. Messing with cryptocurrencies to defeat cybercriminals is like banning gasoline to defeat arsonists.
Dr.T
Dr.T,
User Rank: Ninja
11/28/2017 | 10:41:01 AM
Re: 2, 4, 6, 8, what else can we regulate?
"what else can we regulate"

I agree, regulations tend to not deliver the intended results.
Joe Stanganelli
Joe Stanganelli,
User Rank: Ninja
11/28/2017 | 9:44:02 PM
Re: 2, 4, 6, 8, what else can we regulate?
@Dr. T: Moreover, many forget that the cost of regulation gets passed directly on to consumers.

Imagine having to pay a set of mandatory regulatory fees for every cryptocurrency transaction and/or being taxed on cryptocurrency holdings!
Dr.T
Dr.T,
User Rank: Ninja
11/28/2017 | 10:42:59 AM
Re: 2, 4, 6, 8, what else can we regulate?
"The whole point is trustless decentralization"

It is actually implicit trust, in a block chain platform is designed trust in mind.
Joe Stanganelli
Joe Stanganelli,
User Rank: Ninja
11/28/2017 | 9:45:12 PM
Re: 2, 4, 6, 8, what else can we regulate?
@Dr. T: Yeah, the term "trust" gets fuzzy when it comes to blockchain and Bitcoin. Trust the system and the math, but no individual or central source.
Dr.T
Dr.T,
User Rank: Ninja
11/28/2017 | 10:44:11 AM
Re: 2, 4, 6, 8, what else can we regulate?
" Messing with cryptocurrencies to defeat cybercriminals is like banning gasoline to defeat arsonists."

I would agree, digital currency is not the problem, it is how we use it.
Dr.T
Dr.T,
User Rank: Ninja
11/28/2017 | 10:38:29 AM
Digital Currencies
I think Digital Currencies is not the problem, people  misusing them are the problems, so I am not sure of regulations would make any difference.


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