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RE: Tomorrow the G20 Meets to Discuss Crypto, Will This Meeting Wreck Crypto?

in #bitcoin7 years ago

I agree with a lot of what you're saying in terms of institutional adaption. But BTC was originally created as a way to break the chains from centralization and bring sound, honest money for the internet with no boundaries and no central authority controlling it. If we go down this path of regulation, we are giving up our potential freedom from the chains of centralization and oligarchs.

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I think @hedge-x is saying that the stage is set and i agree that good regulation, if implemented properly, could be a good thing by cutting down the U in FUD. As @pbgreenpoint points out, the path of regulation may sound contrary to the spirit of crypto but good regulation can be considered a "cost of doing business" which is not enough to depress coin prices.