There needs to be someone who outright cancels payments when something so obvious happens.
Centralization is bad.
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There needs to be someone who outright cancels payments when something so obvious happens.
Centralization is bad.
That's arguable, but the role of cryptocurrency is to be an unregulated currency. It would kill it to regulate it.
not if it a peer to peer regulation
That's not real regulation. That's self-imposed regulation that doesn't have to be followed.
If that the case i guess there no regulation for me to create more bitcoins hmm...wait it can't be done the peer to peer decentralized system prevent me from doing it. Dangit ;) the blockchain my friend is the answer to find the balance between regulations and decentralization
The minds behind Bitcoin didn't have to cap it. They chose to cap it. That's not regulation.