As a matter of personal belief I don't think crypto miners/node maintainers should have to register as dealers, but the level of freakout feels disproportionate to me... How many of you actually have racks of asics/GPUs cooking on US soil? Most hashrate isn't US based anyway
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It's the principle.
the principle being that anyone should be able to run a node anywhere without regulatory scrutiny?
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Wouldn't you agree that one of the fundamental ideas or aims of bitcoin, blockchain, etc (in particular before it became a speculative asset) was to overcome this kind of regulation and make it obsolete by design?
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Whether or not this is desirable or (still) realistic, etc is a different matter. Maybe this kind of regulation is indeed needed. However it seems to go against the principle, regardless of how many people are actually affected. So the strong reaction seems based on that.
End of conversation
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Precisely. That was the whole reason Bitcoin was revolutionary in the first place. Honestly, have most people still not even read the original whitepaper?
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