In response to Imbar Preiss comment regarding France's crypto over-regulation, these are my thoughts:
France's government will over-regulate because it is in bed with western global banking. Regulations are to prevent those in power to lose their monopoly over monetary energy control of all the people. A mother cannot send money to his children without filling out forms and may be rejected because of some regulation. Banks and governments have pushed too far. The excuses are always the same: "for your safety, to protect you, to prevent laundry, to prevent you from miss-using your money" (whatever that means). The people want its sovereignty back and its monetary energy back. Banks managed to hold our money hostage. We want to be free. They became too greedy. And they won't let us have our monetary freedom back. As simple as that.
I am not advocating against the banking system, contrary to many other millennials and bitcoin advocates. I think both systems should coexist. Competition is good, and the diversity of options makes resilience, and all options compete with each other to offer better services. There are many reasons I think the current financial system should be preserved and not "attacked or displaced". Money is a technology. I think we should not rely on any system for only one type of technology. While many may think cryptographic money may be better in this new age of technology and the internet, I think traditional banking has to be kept as a backup of new emergent technologies. There is a place for coexistence, and reasons for it. Now place, dear established banks, stop being greedy, we want our monetary freedoms back. Just do it. Period.
#bitcoin #technology #people #energy #money #diversity #banking #france #banks #power #safety
Original note:
France passes new crypto registration rules for firms | Jean Paul Laclau
France
