Government regulation of cryptocurrencies (and Bitcoin in particular) will have a similar result to regulatory capture.
A major missing element to thwart this is a well-conceived, widely adopted, and open technology that offers trust without government. I propose Open-Transactions. The other missing leg to the cryptocurrency chair are independently issued but verifiable and trusted fiat tokens. Once widely adopted exchangers need not have bank accounts nor operate as licensed corporations. Warrant Canary creator On May 11, 2017 1:30 AM, "grarpamp" <grarp...@gmail.com> wrote: > The only real gamble is estimating regulation. > The rest can be routed around through markets, diversify, distributed. > Regulation in most sane places comes with public notice. > Even therein, or even as a game, there is money to be had. > Players know this, and their chips are often leisure money. > But it is money... $53B of it in the top100 market cap. > That will not sit quietly when faced with a $0'ing regulation proposition. > > Whatever you believe, and whether or not you're in, > the history to date makes people seem a bit foolish > to *not* redirect their next pointless discretionary > purchase worth into it... cable tv, pizza, beer, cigs, > weed, high brand products, whatever crap. Worst > case it's another pointless buy down the drain. > Best case... moon, adoption even. >
