Quote:
Originally Posted by SharkAttack
What kind of regulations do you have in mind?
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Bitcoin itself should not be regulated, because it's basically math & code. But the financial companies built around it like exchanges, lending platforms etc all have been regulated. I remember 10 years ago when it was not recognized as an asset and completely unregulated, no company had KYC/AML, now if you use any legit exchange they're strict it and some of them even request new info from customers every year.
Some bad actors to watch out for are people like Elizabeth Warren or Charlie Munger. These types of arrogant ignorant thugs would like to ban math (Bitcoin is certain, like math). Imagine if a gov was banning math, computation, or even thought (if they banned BTC would mean you cant own private keys) and both of these thugs have openly said they wish it to be banned completely.
Anyways, do you have any good ideas on what you think could help regulations?