Comments
No. 1-14
MadDocG
MadDocG

@Bob, sure, they can try....but how do you regulate something that is totally anonymous? No doubt they will find a way to try to screw it up...but I have faith that the block chain will defeat them. Have a blessed night, my friend.

BobBrooks
BobBrooks

Editor

@MadDocG - can't you just see the politicians doing everything possible to regulate - go figure - thanks for your thoughts

MadDocG
MadDocG

@Bob - I don’t see how regulation is possible with an anonymous currency, that’s one of the features of virtual currency. How do you regulate a private barter economy? You can’t. Same idea. As for abuse, any technology can, and with our broken world most likely will, be abused. One cannot control what one cannot see, and with the block chain being validated by the community, control is pretty much impossible. My only concern is the exchanges. If those corrupted, then moving from one currency to another becomes difficult. That will be less of a problem once most of the little currencies go away, but right now it takes too long to exchange one for another.

BobBrooks
BobBrooks

Editor

@MadDocG - lol - I need to slow down and read a little more thoroughly. I don't necessarily disagree with the potential of it happening. What about the politicians and the potential for abuse (worst case scenario) or over regulation (best case scenario) ? The politicians already (in my humble opinion) control and use and abuse the banking system. That is a pretty big stronghold. I would be interested in your opinions and how the abuse could be curbed. I honestly don't know. Those are my reservations. Thanks for the Grace on my missed interpreted comment!

MadDocG
MadDocG

@Bob - alas, my sarcasm didn’t come through. :-). I’m on the board of one crypto currency, and everything I see points to this medium of exchange as being a wonderful addition to our world. I believe the naysayers are similar to my great grandfather who spoke with derision of the horseless carriage, never happen, it will scare the horses. Or Watson, head of IBM who famously said the idea of a person owning their own computer was nonsense. Crypto has a place, and I believe that place will only get bigger and more important. Just my .02 BTC worth, of course.

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