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Title: Self Regulation Before the Government regulates Post by: luckyindia on May 17, 2018, 03:28:12 PM I feel Satoshi Nakamotos vision of 2009 seems to be Diluted.
1) Transaction fees for BTC are 0.50% or higher which is more than conventional brokers fee. 2) There are few successful ICOs creating new products. 3) ICOs create just tokens without valuable products resulting in depreciation of token value. 4) Countries banning BTC are on the rise. As a solution to these problems, it is essential to have Self Regulation to use BTC for solving socio-economic problems in less cost in less time. This will win the hearts of Government agencies to revoke the ban thus using BTC for socio economic progress to secure employment for locals achieve efficiency in product manufacture/ service delivery in less time in less cost compared to alternative methods. Title: Re: Self Regulation Before the Government regulates Post by: yvuj101 on May 20, 2018, 07:47:39 AM I feel Satoshi Nakamotos vision of 2009 seems to be Diluted. 1) Transaction fees for BTC are 0.50% or higher which is more than conventional brokers fee. 2) There are few successful ICOs creating new products. 3) ICOs create just tokens without valuable products resulting in depreciation of token value. 4) Countries banning BTC are on the rise. As a solution to these problems, it is essential to have Self Regulation to use BTC for solving socio-economic problems in less cost in less time. This will win the hearts of Government agencies to revoke the ban thus using BTC for socio economic progress to secure employment for locals achieve efficiency in product manufacture/ service delivery in less time in less cost compared to alternative methods. Bitcoin has it's nice regulations hoping when government adoption merged it push through good rules. |