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RE: The Two Potential Paths for Bitcoin
"Seeing major institutions get involved at this point has been a boost for both my morale and wallet, but I also have realized it might not completely matter if they are involved at this point."
Wasn't bitcoin supposed to get rid of these institutions and banks? If bitcoin becomes part of the establishment, it will be regulated to death and completely loose its luster.
Yeah, agreed. I wish things would stay as they are now, and let innovation thrive...but government will suck it all out soon enough.
The only good thing is that it's a worldwide phenomenon, so there will always be places that foster innovation rather than crush it. The on/off ramps will be tighter with regulation, though.
No one is ever going to get rid of banks because they provide a level of utility, bitcoin was simply an alternative. I think many of the early libertarians slipped in their own agenda, but many of them have moved on as well. Its impossible to regulate bitcoin unless you are using it within the system, which would be a choice.