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RE: BREAKING: US Congress Released its Economic Report and Praised Crypto.

in #crypto7 years ago

I recommend everyone take the opportunity and prepare for coming regulation. I fear they are just stalling to educate themselves.

So let me get this straight. The narrative since inception has been "Governments are terrified of cryptocurrencies!"

Government finally starts learning what it is, and says it's good.

Now cryptocurrencies should fear coming regulation?

Because cryptocurrencies can't grow unless they can keep being used for money laundering and pump & dump scams?

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How does crypto make regulation redundant? If anything it should make it easier, since all the transactions are tracked it's easier to see a pump & dump or money laundering has occurred isn't it?

But since it's not illegal to do that with crypto anyone can/will do it because there are no repercussions. That's why there's a group specifically advertising pump & dump strategies on Youtube.

I know a guy that can't wait to buy the Venezuela crypto just because he thinks it will be huge for money laundering. Not that he wants to launder money, he just thinks that will make it really valuable.

LOL.

I love how vast worldwide conspiracies only affect the things you don't like.

I also like how you didn't address anything I said. Decentralization doesn't fix the problems I mentioned, it makes them easier.