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Title: hello my newbie friends - Do you think regulation is good or bad for BTC price? Post by: btc237ftw on May 17, 2013, 01:52:16 PM Of course, regulation is scary and can make problem of depositing funds or withdrawing etc, but maybe regulation is needed to get some of the big players into BTC?
What do you think? Title: Re: hello my newbie friends - Do you think regulation is good or bad for BTC price? Post by: david64 on May 17, 2013, 02:54:13 PM I don't want to see any regulation. The only thing I think BTC and other coins need are extra security options.
I've got my wallet behind two layers of encryption and three passwords. Later I'll probably ZIP it with another password. I'm just brainstorming, but I think a good feature would be the OPTION to link a wallet to an e-mail account, mobile phone etc., which would get a key or something required to issue transactions. At the moment, I think the risk of loosing your life savings (if you have them in BTC) is a huge negative. I have faith that this will be addressed as best as possible in the coming years though. Title: Re: hello my newbie friends - Do you think regulation is good or bad for BTC price? Post by: btc237ftw on May 17, 2013, 03:20:18 PM Quote I'm just brainstorming, but I think a good feature would be the OPTION to link a wallet to an e-mail account, mobile phone etc., which would get a key or something required to issue transactions. On it's face it sounds smart - but digging a bit deeper shows a flaw; if one can recover password or pass-phrases through the email, then the emails' password becomes the weak point especially since it is usually a lot shorter and less complex on top of being on well-known servers (mail servers) that some hackers already know how to enter to. However, if there's a way to add it just as another layer without any way for it to act as a double edged sword, you might be right. |