\u201cCryptos are awesome, but they need to be regulated!!\u201d I heard this sentence so often, and from so many different, smart people.<\/p>\n\n\n\n
It was nauseating. Cryptocurrencies were created so that central authority regulation was NOT, and I repeat, NOT needed.<\/p>\n\n\n\n
That was the idea behind Satoshi Nakamotos original Bitcoin. It was created in the tradition of crypto-anarchists.<\/p>\n\n\n\n
I personally believe that the reason so many people use something so cumbersome, volatile and cutting edge as Bitcoin for a store of value, or to transact, is because they don\u2019t trust the central authorities anymore and are looking for a way out.<\/p>\n\n\n\n
If cryptocurrencies should be successfully regulated, their whole reason for existence would be instantly erased.<\/p>\n\n\n\n
I fear however, that governments will outlaw any cryptocurrency that doesn\u2019t supply KYC\/AML to the full extent required by individual country laws, if governments ever find a way to do so reliably.<\/p>\n\n\n\n
This would be a very sad day for all of us.<\/p>\n\n\n\n
Until then, let\u2019s use the freedom we have, and let\u2019s fight to keep it. By innovating, by spreading the knowledge and by educating others.
<\/p>\n","protected":false},"excerpt":{"rendered":"
\u201cCryptos are awesome, but they need to be regulated!!\u201d I heard this sentence so often, and from so many different, smart people. It was nauseating. Cryptocurrencies were created so that central authority regulation was NOT, and I repeat, NOT needed. That was the idea behind Satoshi Nakamotos original Bitcoin. It was created in the tradition […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-318","post","type-post","status-publish","format-standard","hentry","category-tech"],"_links":{"self":[{"href":"https:\/\/dubidu.io\/index.php?rest_route=\/wp\/v2\/posts\/318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dubidu.io\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dubidu.io\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dubidu.io\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dubidu.io\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=318"}],"version-history":[{"count":1,"href":"https:\/\/dubidu.io\/index.php?rest_route=\/wp\/v2\/posts\/318\/revisions"}],"predecessor-version":[{"id":319,"href":"https:\/\/dubidu.io\/index.php?rest_route=\/wp\/v2\/posts\/318\/revisions\/319"}],"wp:attachment":[{"href":"https:\/\/dubidu.io\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dubidu.io\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dubidu.io\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}