Quote:
Originally Posted by NuclearFart
I thought the magical hype buzz word of cryptocurrency is a decentralized exchange, no one can regulate that. Also, what's stopping a centralized exchange based out of a country that doesn't care about regulation?
|
You might be able to do something like that, but I think it would affect the legitimacy if that was the only way to buy it. I know it's extreme, but say Somalia was the place. Who in their right mind plunks down $10k for a bitcoin if that's the home base?
There are some growing pains to be reckoned with for cryptos. First, they need to be fully legitimate, otherwise it erodes their value. But then to be fully legitimate, they want to be largely unregulated, otherwise people can just use the already available methods.