Some things still need to be regulated. Its nice that people can move money easier, but do you want drug money to be laundered through btc? Or chinas filthy money to come to the usa like fentynal?
The morality of selling drugs has nothing to do with what is done with the money afterwards. Governments fear-mongering about money laundering is a ruse to gain support for invasive policies in order to collect taxes more easily.
reply
Drug money is no less legitimate than any other industry with demand. It only has to be laundered to get around government restrictions, but as far as the market is concerned there is no difference between drug money and other money. Likewise money from China is just as good as from anywhere else, and if Bitcoin lowers international trade barriers then everyone benefits.
reply
We need more drug dealers
Serious not sarcastic
I like to party
reply
reply
I'm 100% against human interference in what's so called regulation because people had proven that they are unable to regulate themselves for good not to talk about other things which they don't understand.
Bitcoin is currently regulated perfectly by its own rules enforced by the PoW and it's currently proving this is the best monetary regulation we've ever had!
reply