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RE: And just like that, Big Brother steps in

in #cryptocurrency8 years ago

A large part of what makes these currencies attractive is that they are decentralized and relatively unregulated. However, I do think cryptocurrencies would more readily be accepted in the mainstream if there was some regulation.

There have been numerous instances where some unregulated technology have been brought into mainstream use by regulation. For instance, digital audio files such as MP3s were originally shared using peer to peer file sharing services. Eventually, through regulation, purchasing digital audio became commonly accepted by people.

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I do not like regulation and I do nto go to iTunes and I go to bit torrents like the Pirate Bay and I like Linux and I do not want to and I do nto buy DVDs or CDs or music or movies and I just download them

I definitely understand your viewpoint @joeyarnoldvn. Certain regulations can pose great difficulties in the development of new industries. Though, it might be unavoidable as cryptocurrency gains more attention.

Oh, good info. Thanks for sharing!