Bradley Tusk of Coindesk has decided that he has an answer to all of the myriad of cryptocurrency regulations being introduced around the world by different countries. And that answer is not a royal GFO, but rather, it seems Bradley is BEGGING some form of world government to regulate the whole of the cryptocurrency sphere. I presume his reason for proposing this world governing body to regulate all cryptocurrencies is so he can sleep better knowing that centralized authorities that have a monopoly on force are fully in control of a technology that was originally designed to circumvent the very authority this state-loving crypto-traitor wants to control it.
….If the U.S. government just tries to go after each problematic example of crypto on an ad-hoc basis, that’s exactly what will happen (just like the War on Drugs has been a complete and utter failure) and it’ll never get ahead of the problem. That presents opportunity.
This is not the time to play whack-a-mole. This is the time to recognize that crypto is real and here to stay. It’s time to start forming sensible regulations to help govern the sector broadly and wisely.
What does that look like in practice? These are the first four steps we should consider:
Acknowledge the reality
First, our institutions need to realize that the more they try to deny the legitimacy of cryptocurrency, the more they inadvertently reinforce why it exists in the first place…….
Likewise, the industry needs to recognize that the institutions aren’t going away, either……
Concrete steps forward
That’s why we need national regulations on crypto assets (a 50-state patchwork approach is a very predictable disaster)…….
Take it to the next level
Then it needs to go global.
To be honest, this editorial is so bad, so antithetical to the spirit of decentralization and anonymity that I am seriously considering whether to trust Coindesk at all for any news reagarding cryptocurrencies.
The good news, however, is this type of effort by boot licking trolls like Bradley Tusk will only help separate the coercive enterprise agents from the people who intend on using the technology the way it was originally intended, as a decentralized, anonymous-approaching vehicle to exchange value between entities without the coercive enterprise becoming involved in the transaction. I have little doubt that private, non-state-controlled governance can and will emerge to help mitigate the efforts to use fraud and deceipt, and even outright theft to deprive people of their digital holdings.
Apparently, Bradley doesn’t believe in people, he only believes in the state.
I’ll leave with this caveat added to the end of this article by Coindesk, lest I be too harsh on this publication for even approving the posting of an article so antithetical to the spirit of crypto:
The leader in blockchain news, CoinDesk strives to offer an open platform for dialogue and discussion on all things blockchain by encouraging contributed articles. As such, the opinions expressed in this article are the author’s own and do not necessarily reflect the view of CoinDesk.