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Author Topic: How is bitcoin supposed to be?  (Read 775 times)
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Today at 04:48:35 AM

Well, if criminals are using Bitcoin then they were using fiat currency before 2009, right? So if governments are banning Bitcoin, for this reason, the same logic should be there for fiat currencies. However, coming to the fact, governments can not ban crypto to crypto transactions and they should not blame Bitcoin for the criminal activities. Everyone would use what is convenient for him and it doesn't make any sense to destroy the whole system just because the tiny group of people are using it for illegal activities.

That's the great opinion. But if they didn't make a regulation for this crypto, that crime transaction will be easier by using this crypto. And the worst thing, maybe a lot of corruptor using it for money laundy.

yaa, I thought regulation is the top priority now. because after all, something that has no regulation, will be very vulnerable to crime. although maybe the fact is that bitcoin is not the main cause, but the anticipation step to prevent that is by banning the use of bitcoin globally.

Bitcoin is based on the blockchain technology which relies on the principle of decentralization and regulation is not possible without centralisation so regulating crypto industry is killing the core fundamental values of it. There are many other ways to organise the industry without attempting the regulations as it is not possible in case of blockchain based products.

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