Bitcoin Regulation: Freedom wins!
Ever since the creation of Bitcoin it seems there were always forces looking to demonize blockchain. From Central bankers to seedy Politicians the verbal attacks seemed endless. Many seemed clueless to blockchain but were aware that change was here. They didn’t like that.
Upending the status quo is never easy especially when dealing with the legacy financial system. Rent seekers are never pleased to lose their gravy train. And they are all guilty of siphoning value from this money system. Laws may be passed but that does not mean they are just.
Of course that doesn’t stop some Politico from trying to cause issues for blockchain tech. I always thought if these individuals would put more energy in creating and collaborating the world would be a better place. Instead, they would prefer to create division.
Free markets are essential for the American society. “Regulating” anything is a code word for control. And it always done under the guise of protecting the market place. Yet, more money is lost via theft/fraud in the legacy system. A highly regulated system but thieves will be thieves.
It has always been my contention that we are either free sovereign people or enslaved. There is no middle ground when it comes to freedom. Free people can do as they wish within the means of the rule of law. Enslaved individuals must ask for permission.
Markets are no different. Cryptocurrency has already changed the financial landscape for people all over the world. It is also beginning to lift many out of poverty. This in turn is filling a void that the legacy system cannot.
As mass adoption occurs attempted over regulation will solve nothing. Bitcoin was designed to be decentralized. Remember it was created during the bailout nonsense. It was specifically designed with corrupt Politicians and Bankers in mind.
Instead, policy makers should take a laissez faire approach. This approach will ensure that development in the blockchain space continues unfettered. It will also prevent saddling devs with unnecessary licenses or state fees which only prove my point on rent seeking by the state.
Either way blockchain will not be stopped. Money has changed forever and it will continue to evolve in the crypto space. Decentralized money systems were created because the legacy system no longer meets the needs of the people. Running an economy on endless debt creation will only end in one way.
So now it’s time for the average person to speak out since most at the Fed will not listen. There are billions of people who think just like me. Some are tired and hungry. Or even worse poor and starving.
https://th.bing.com/th/id/R063149f7da8c4ef9633622d8cde20184?rik=aAXlTfKTRSgqAg&riu=http%3a%2f%2fwww.activistpost.com%2fwp-content%2fuploads%2f2017%2f07%2famerican-freedom-waking-times.jpg&ehk=DoH69%2b6eO476CaOm5Eqkl6DX5wxlAN1V9X9UMe%2fLinc%3d&risl=&pid=ImgRaw
Instead of asking for permission many will take their financial sovereignty back for themselves and their families. And it is truly easy to do. The minute a person uses blockchain they are instantly becoming their own bank. Middle men are now becoming passé.
For all those who worry about regulation ponder this for a moment. Someday as crypto becomes more valuable and precious these same people will be clamoring for access. Many will realize their folly as blockchain cannot be shut down. Although they may cause issues many will regret some of their present decisions.
In the end blockchain and freedom will win. Remember, blockchain communities aren’t saddled with trillions in debt. Instead, our equity is on the proper side of history’s balance sheet. This notion allows me to sleep soundly. :)
Posted Using LeoFinance Beta
