RE: Cryptocurrency has not declined. Just the value to USD has... So Let's see what that really means..

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Cryptocurrency has not declined. Just the value to USD has... So Let's see what that really means..

in bitcoin •  8 years ago  (edited)

The severe rich choices are: Regulate everything into oblivion. They've done very well trying to do that with Banks already, but it isn't stopping cryptocurrency. So what next?

Actually severe rich is against the regulation of banks since they own the banks. 2008 crisis wouldn't happen if the state could regulate banking practices. I think you mean they want to "regulate" as in control the cryptocurrencies. But I don't share your illuminati point of view.

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Luckily for me, I never used the word illuminati.. and I don't believe in the illuminati. I do believe in the elite forms of society because that is undisputed.

Secondly they do want to regulate the control of cryptocurrencies and have done so. Cryptocurrency is seen as competition for FIAT reserve money supply... so many of the elite (that includes large trading houses, banks, etc) to regulate it out of existence they best they can..

What they don't see is that innovation by humanity is stifled under the current system... it's not good.

I think what you've done, is read this article with your own viewpoint in mind, and taken my words and made them fit into an opposing view point of yours.

We're talking very much about similar things I can tell from your comment. I also agree the 2008 wouldn't happen if the state could regulate banking practices. But the state depends on financial systems, and financial systems well... help run the state. So it's a catch-22

I see I did say this:

Regulate everything into oblivion

To correct it (and thanks) for clarity sake, I've changed it to this:

Regulate decentralized anonymous cryptocurrency into oblivion