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RE: Cautiously Celebrating Bitcoin $10000

in #bitcoin7 years ago

I totally agree but with the way some governments want to regulate things they can't control it is sadly bound to happen. Net neutrality sound familiar? There will always be someone thinking about how to make something open source for all to use and it will be unregulated for a time. I don't see it being fully regulated any time soon but that's why more people need to jump on it.

I think the big thing that may turn some people away is reading a lot about people being scammed or hacked and losing money rather than making millions just by sitting at home doing nothing. I really don't see it any different than investing in stocks. If you invest in the right ones you can make alot of money just like the stock market. I think the biggest issue people will have is security.

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I agree, security is key. That's why I'm trying to help people with @ubf videos. We can level up and secure our own stores of value, regardless of what the government does, but it takes personal responsibility.

I think every attempt at government control just creates new opportunity for freedom-loving innovation. People being scammed or hacked is what also reinforces the need for personal responsibility and security. Password managers, up-to-date anti-virus software, operating system security patches... this is just the beginning of what people should learn about.

More and more people everyday are coming into the crypto space, so naturally it is becoming the peoples personal and collective interests. In free democratic societies governments are "supposed to" protect the interests of the people, so I try and stay optimistic when the discussion of regulation comes up, regulations can be a good thing and help protect more people allowing for a safer more secure overall community.

I agree that the blockchain is in nature now and it wont be stopped.