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To Regulate Or Not To Regulate? Looking At The Future Of Crypto by quinneaker

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· @quinneaker ·
$16.70
To Regulate Or Not To Regulate? Looking At The Future Of Crypto
Ever since I first learned about the nature of cryptocurrency about 5 years ago I was intrigued and excited. 

![Screen Shot 2018-09-22 at 1.43.07 AM.png](https://ipfs.busy.org/ipfs/QmQaXFMPVmZuD7awuRCxTSLbQ3AHaSZz5TBGGmYgXTutrn)


I have been one who questions everything and lives outside the box not following the rules or the status quo. So naturally blockchain and crypto appealed to me.

I have been living a life way outside the box for almost 2 decades now. I personally don't like 99% of government or rules/regulations. So my obvious personal preference would be to not regulate anything including cryptos. 

Allow individuals to succeed or fail based on their own education and decisions. Yes that gives some power to scammers but it also gives power to intelligent, critical thinking people to innovate, invent and progress at a rapid pace unhindered by the endless red tape and taxation.

Im writing this article now because every day I read various articles to keep current on the happenings of the world especially crypto related news. 

I came upon [[an article talking about 3 bills](https://www.ccn.com/u-s-lawmaker-introduces-3-pro-cryptocurrency-bills-to-congress/)](url) being introduced to congress regarding regulation of crypto. 

Now the truth is that crypto is going to be regulated regardless of if I or anyone wants it or not. Because of the nature of the blockchain this does not necessarily mean we have to follow those regulations, but its going to happen and is already happening. 

IMO despite that I am against government, regulation and rules I do feel that all in all its better to get regulation sooner than later so that development can have clear parameters to work with. 

The truth is the vast majority of people will not get involved especially big business without it being "legal" or "approved" and at the same time the tech masters or hackers won't be affected anyways. So might as well get some regulation and even if it creates hoops to jump through at least there can be a legal way to best navigate those hoops. 

If we want "mass adoption" of crypto either governments have to disappear or clear regulation needs to take place. 

[Here is the article I am referring to its worth a read.](https://www.ccn.com/u-s-lawmaker-introduces-3-pro-cryptocurrency-bills-to-congress/) Regardless of if these specific bills pass as I said regulation is coming and realistically the sooner the better so we can move on. In all honesty as far as government bills go these really aren't so bad anyways. 

Thoughts?
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vote details (82)
@ericvancewalton ·
$0.04
I share a general distrust of regulation but feel some clear stance needs to be taken before we can move to the next phase of institutional adoption of crypto. We should discover soon how this will play out!
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@ketopian · (edited)
I do not understand why or how a single government will regulate a cluster of global web-based programs that aren't owned by a single entity. In this new world, governments are better off spending their energy keeping their communities safe and sustained. They, especially the united states government, have betrayed their citizens in the pursuit of consolidated power and greed.    I hope they will not enter another multi-decade cycle of a losing war against human progress and economic equality.
👍  
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@noki-power ·
$3.38
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@renat ·
@quinneaker maybe something will change
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