I agree with all the points of view that you have expressed in this post, but especially with what you mentioned regarding the fact that Bitcoin was created to function and exist outside the framework of the usual regulations of the conventional financial world.

The truth is, it is one of the things that I always reproach those who defend the idea that it is better that there are regulations around Bitcoin and all the cryptocurrencies. Because they seem to have no discernment, they completely buy into the stupid idea of regulations, and don't stop to think that if we are going to fill Bitcoin with the usual financial regulations, what will differentiate it from fiat money itself? What will differentiate the crypto sector from the conventional financial system itself?

In my view, it is absurd, illogical and useless to think that things will work better and more securely when Bitcoin and cryptocurrencies are regulated; because is not true. Also, because it is well known that when "security" at all cost is sought, freedom is lost, and this context is no exception.

I think we need to keep writing posts that educate people and teach them to think clearly about Bitcoin and cryptocurrencies; because you have to make them understand that everything for which Bitcoin was conceived and created by Satoshi Nakamoto, is risked and lost uselessly if the entire crypto field is regulated. We have to make the world understand, to the best of our ability, that the KYC processes, so fashionable these days, are nothing more than an insult to privacy, freedom and sovereignty, which are the essential nature of cryptocurrencies.

With the KYC processes we are heading to exactly the same hoax that exist with fiat money and the traditional financial and banking world. Those who want another version of the same thing should stick exclusively to Fiat. Its clear that those of us who believe in Bitcoin and cryptocurrencies must fight tooth and nail so that all arbitrariness and all kinds of attempts to control what we do or do not do with our cryptocurrencies are neutralized; although I recognize that it is not an easy task. At least that's my point of view about it.

I liked reading your post. A big greeting.

Posted Using LeoFinance ^Beta