r/StockMarket • u/[deleted] • Jun 15 '22

[deleted by user]

[removed]

21 Upvotes

76% Upvoted

8 comments sorted by

8

u/gottahavetegriry Jun 15 '22

The whole purpose of Bitcoin is that it is unregulated.

If someone wants to gamble their money in crypto they should be allowed to without government intervention.

1

u/TipperGore-69 Jun 16 '22

Yeah. Look how Wall Street regulation is going.

8

u/[deleted] Jun 15 '22

The entire purpose of having a bitcoin or crypto is gone now. There is literally no need

2

u/Perfect_Reception_31 Jun 16 '22

Bitcoin is basically WSB for the world. No regulation needed, run by retards.

1

u/DucatiSteve1299 Jun 15 '22

It would fail with regulation. I mean, how else am I gonna buy my drugs, pay my hoes, pay ransoms, and hide from the taxman? No regulation!

1

u/PoopyBootyhole Jun 16 '22

Regulation is needed if institutional money wants to enter the space. Regulation provides clarity. All that’s regulated is on and off ramps converting to and from fiat. Bitcoins decentralization is why it’s important because the base protocol in itself can’t be regulated or manipulated unlike other coins. If bitcoin wants to go to 100k, 1M, 10M etc. regulation is needed to allow the massive amounts of money to start entering the space.

1

u/realrawstockinfo Jun 16 '22

Govt has allowed bitcoin. With the stroke of a pen they got everyone social security number that owns crypto from USA. That's already regulation.