You are viewing a single comment's thread from:
RE: Breaking News - Video: Trump says his Administration will Remove 75% "or more" of Existing Federal Regulations
We can be. But small businesses must not be ignored. What makes Bitcoin so wonderful is that it is all inclusive.
And thats exactly what deregulation does. It allows small businesses to exist and compete against the monopolies that are created from corporate socialism and regulations.
When it costs 5,000,000$, plus requirement of hiring compliance officer, plus registering with FinCen, plus AML/KYC policies, PLUS lawyers & accountants, PLUS taxes, to sell any amount of Bitcoins yourself, is absolutely atrocious and completely blocks ALL small businesses, medium sized businesses and large businesses from existing, much less competing, in the space.
Under that cesspool of regulation and socialism, only Monopolies thrive.
And if you live in NY, dont forget about the Bitlicense that has seen hundreds of applicants, with only 2 exchanges ever being approved, seemingly based on who has curried favor among the political establishment there the most -.-
Your right. True economic freedom is the only thing that works. And let us small businesses get a taste. I truly believe that this nation is better off when small business thrives.
Totally agree. <3