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RE: End Game Regulation: The US Government will eventually demand and require having a license to use cryptocurrency

in #crypto-news7 years ago

@dana-edwards - Very incisive and painful vision Dana - but very realistic and practical. I agree that the governments will definitely try the tried and trusted 'licensing' method of control. This is the fate of anything that enables people to exercise free choice . For example - there were countries where even a simple Radio required as license!

The license gives a sense of control to governments but does it really stop abuse? Did control of guns stop or reduce usage of guns by bad elements? I doubt.

I think the real potential of crypto can be leveraged by governments by embracing the concept, making it part of the normal governance process and letting the free economy principles decide which currency becomes the dominant one.

Thanks. As usual - a thought provoking article. Upvoted full through Steemfollower.

Regards,

@vm2904