In recent times, there has been a lot of speculation and security issues within the world of cryptocurrency. The internet at large has also seen a lot of outrage with regards to security and other related aspects. Let's not forget that this has been happening since the dawn of the TCP/IP protocol. At Blockbasis we strongly feel that security is of utmost concern, but regulation risk defeating the intended purpose of blockchain and Bitcoin as a whole. Due to the increased mistrust between individuals and the government as a direct result of recent financial crisis’ in addition to special interest groups. We argue against regulation as we see cryptocurrency and blockchain as an alternative to a debt-based, trust-dependent, financial statement
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