Comment on Bitcoin, The Economic Singularity: From Holland with LoveparentComments−betterunix12y1. So what? Politicians also cannot change the laws of physics that govern paper money transactions, yet paper money is regulated.2. That is not an issue of regulation.3. The same applies to paper money, and again, paper money is regulated.−oleganza12yI was just listing aspects of Bitcoin that are "unregulatable".Regulation = laws = rules = instructions to cops when to apply rubber hose.1. Cash transactions require meeting in person. This makes people more vulnerable to meeting with rubber hose.2. The value of your paper cash is diluted when owners of rubber hose print more of it.Bitcoin reduces these threats by more than 90%.
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1. So what? Politicians also cannot change the laws of physics that govern paper money transactions, yet paper money is regulated.
2. That is not an issue of regulation.
3. The same applies to paper money, and again, paper money is regulated.
I was just listing aspects of Bitcoin that are "unregulatable".
Regulation = laws = rules = instructions to cops when to apply rubber hose.
1. Cash transactions require meeting in person. This makes people more vulnerable to meeting with rubber hose.
2. The value of your paper cash is diluted when owners of rubber hose print more of it.
Bitcoin reduces these threats by more than 90%.