Dear Mr.Government and Mr. Regulator, before you think of regulating cryptocurrencies claiming that ‘’It’s the primary source of funding terrorism and drug trafficking‘’, you should know that billions of $$ have been poured into illegal activities decades before the inception of bitcoin in 2009. We had a drug lord/terrorist who made his way to Forbes Magazine as the 7th richest man of the name Pablo Escobar. It’s obvious that all his activities were funded by hard cash(Fiat currency) and not Crypto.So now tell me, which is bad?
Which needs regulation, Crypto or fiat?
Before you think of regulating crypto, you should know that the birth of crypto was due to how much the people lost faith in you. You failed the people decades ago and there is no sign of hope for the Future. After the people entrusted the system of Banking in your care, You corrupted its whole concept to exploit the middle class and poor people.
So we are left chanting, "The rich get richer and the poor get poorer". Is that the best you can do? This isn't the best we can do.
Crypto is here due to your incompetence. What makes you think that we will again entrust our freedom(crypto) in your care?.That won’t happen this time. Before you talk about making crypto better via your regulations, make sure you are done solving the flaws of the banking system.Make sure that fiat isn't used for drug trafficking, funding terrorist, and in funds embezzlement etc.
Dear Mr.Media Censorship, you can try to restrict crypto as much as you want. You should know that the success of Bitcoin wasn’t due to a huge ad banner popping up everywhere on the internet.Its success was due to the freedom it gave us from the government.
You can censor as much as you want and spread FUD as much as you want but you can never stop the hardcore development going on in the space.
All your effort to stop crypto will prove fruitless when the people begin to see it as a “vehicle to freedom” not an “investment vehicle” or a get rich scheme.
As for now I will just sit and watch you fight a battle you already lost 9 years ago.