From Anarchy to a regulated exchange! Is this evolution in right direction?

[cuddaloreappu]

From the days bitcoin made headlines for being the magic tool for crypto anarchism the scene has now changed so that news like Coinbase and Gemini which are going to launch a fully regulated exchange in the United states are widely celebrated!

Would the founding fathers of bitcoin (Satoshi,Finney,Szabo) really like this evolution?

The general public has really accepted the news as good, that is why the price has been increasing this week!

Is this evolution in right direction?

[AtheistAKASaneBrain]

From the days bitcoin made headlines for being the magic tool for crypto anarchism the scene has now changed so that news like Coinbase and Gemini which are going to launch a fully regulated exchange in the United states are widely celebrated!

Would the founding fathers of bitcoin (Satoshi,Finney,Szabo) really like this evolution?

The general public has really accepted the news as good, that is why the price has been increasing this week!

Is this evolution in right direction?

It's interesting and a double edged sword. Sure, this is against what Satoshi would have liked.. but on the other hand, whats the alternative? having morons like Karpeles running the exchanges? what do you propose?

[Come-from-Beyond]

Is this evolution in right direction?

No, but Bitcoin Foundation has very powerful necromancers who are able to animate Bitcoin for a year or two more.

[QuestionAuthority]

It's going in the right direction for businesses. If your an anarchist, probably not. I don't think most people realize that buying Bitcoin at a fully regulated exchange means giving up any semblance of anynomity for convenience. Fully regulated U.S. exchanges are turning Bitcoin into MasterCard without the benefit of fraud protection.

[Kipsy89]

It is, man! Sure, Bitcoin needs to be decentralized and not backed by anything. But acceptance by the "old" system will make it much more accessible for people more familiar with FIAT money. Also with your USD officially insured people won't be as hesitant to keep some money on the exchanges. A very good thing, indeed!

[neoneros]

Bitcoin is still decentralized. Only the exchange is regulated. I think this is good news for the bitcoin. It stil is it's decentralised anarchistic self if you realy want to! but play it safe and go the more controled ways and join in. This revolution is going slow and steady, but it is unstoppable now!

[MakingMoneyHoney]

Yes, it is.

First you have to gain acceptance, so places will start selling things for bitcoins more often, and businesses can start paying people bitcoins for wages. This move helps in making it an accepted currency for the future.

Next (or along side that), there will be businesses or p2p selling/trading, built for more anonymity.

So regular people can use bitcoin and feel comfortable, but those who love bitcoin and it's ideas can stay away and still have places to get or sell their bitcoin the way they want to. There should, and always will be the freedom to choose.

But this can only help in the long run of acceptance, which is really needed.