You are viewing a single comment's thread from:

RE: I put a dog on a coin and the rest is history - hey Steemit!

in #introduceyourself8 years ago

Regulation is unnecessary. Using an exchange such as Bitfinex is voluntary. No one ever need use an exchange to use bitcoin. It can be earned through trading goods or services and spent on same. People who don't wish to incur exchange risk can simply not use one. Conversely one could also choose not to use a newly regulated exchange.

Sort:  

I'm not talking about government-enforced regulation per se, rather a blockchain-level set of rules which govern the behavior of all participating contracts. That's where my dot point about cross-chain interoperability comes in - regulation would remain opt-in but allow for policies around controversial decisions like network "rollbacks" and fork conditions be baked into some degree. Need to explore this more!

And we all saw how well that kind of model is working out for Ethereum right now. LOL Doh...

Ok. Voluntary is good. Agreed it needs to be explored more and glad some are looking ahead.

Governments will regulate any currency because of the fear of taking down their monetary system! Anything that s earns money and they want part of it, they will get it!!