The Case Against Regulation
• Silent Vault/ TyroneThe people who want bitcoin and similar currencies to be regulated by the New York state authorities which regulate financial activities in that state are going to get their wish. It seems like they are "really asking for it," judging by what has bee
You can't regulate Bitcoin. Show me a bitcoin. Does a bitcoin even care about regulation? Does it care about anything at all?
Look at the thing and see it for what it is (the regulation). Regulation never regulates anything except people.
Government people will tell you that regulation is people regulating themselves through Government. This is a BIG FAT LIE. Regulation is REALLY Government people regulating everybody else. It is regulation of the many by the few.
Even if you LIKE Bitcoin regulation, think of how many things you DON'T want regulated that Government regulates YOU in. See it for what it is:
well put