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RE: BITCOIN vs SEC - this round goes to the Regulators

in #bitcoin6 years ago (edited)
  • the U.S. Regulators can and have forced the disclosure of who is using the exchanges to avoid detection and paying taxes > https://www.forbes.com/sites/kellyphillipserb/2018/02/28/coinbase-notifies-customers-that-it-will-turn-over-court-ordered-data/#7e635ed41431

  • now the U.S. Regulators are closing the on ramp to the cryptocurrency world by trying to require registration of CCoin Exchanges - will they succeed? will they have any impact on exchanges that Americans can access over the World Wide Web that are not home based in America?

  • Since December the continued attacks by the Regulators have dropped the value of Bitcoin by half.

  • Like Gold and Silver, there are vested government and banking interests that do not want it to replace or devalue the use of the U.S. Dollar as the global currency. Gold and Silver should be also be valued higher. The Regulators have been successful in capping any upward valuation of Gold and Silver. >
    https://www.goldbroker.com/news/deutsche-bank-trader-admits-to-rigging-precious-metals-markets-1130

  • Don't underestimate the power of the Regulators - at least in the short run.

  • Over time the U.S. Dollar must continue to devalue and over time the alternatives must increase in value.