Bitcoin Forum

economies of many countries legalize production and print out in the development of blockchain , but we see that there are many regulators, but cryptocurrencies as thought free tool , I doom we are not moving in the right direction

If my understanding is right, you're afraid that the regulations being imposed right now for cryptocurrency is not good because its against the goal of BTC being decentralized?

I don't think these moves will lead us on the wrong direction, we need BTC and other altcoins to be accepted so we need the government to act on it. Thus, giving us regulations.

That's really ironic isn't it? Governments and Banks doesn't like bitcoin, but they do accept the underlying technology behind it, which is Blockchain. Really sad, but we have to accept that fact. Government all over the world are regulating it because they think that bitcoin or crypto's in general are so disruptive and they think that their economy will be affected in a negative way. But so far I haven't heard any nation that so far accepting bitcoin that has been impacted like Japan. So you don't have to worry though, bitcoin is here to stay no matter what other nations will say against it. And its either they accept it or don't. But for those who are against it, they will be left out because this revolution is unstoppable.

BTC in particular will only be accepted to a certain degree as in the case
of Japan and Australia where they recognise BTC as a form of payment.

This does not mean BTC is going to replace the Yen or Australian Dollar.
Or any other currency for that matter.

Now in the case of again Australia, Spain and Uzbekistan they see the
benefits and future prospects of Blockchain Technology and are trying to
attract that industry to their countries.

Regulation as much as we all might hate it is inevitable but it can only go
so far. If we liquidate our crypto into fiat we will have to pay tax and if we
decide not to liquidate they cannot do anything.

They have moved to hit credit card purchases into crypto but at the moment
we can still do bank transfers.

As what i have understand on your point is, you are afraid that bitcoin and other cryptocurrency be regulated and become not what it used to be as an anonymous transactions made. I think you got the wrong perspective on the regulations being made by the government though. We need the government to act as our last line of defense against the banning and crime which involves cryptocurrency, so be regulated is good enough than being banned.

I quite expect this from the first place! We knew that each of our Governments will make everything to remove disruptive things to their community, but that isn't bad news though to what it was thought about from the first place. Direction doesn't matters as long as it's fine, it will only matter if it is considered wrong.
Look at Japan now, what can you said about them? Does their way of direction affects bitcoin and their country badly?

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there's nothing we can do if the government sets the rules for bitcoin, I personally do not think of it as a serious problem because what I fear is when the government forbids me to invest in bitcoin

It's not like that if we developed something in terms of bitcoin then we will have it done right. It's all about the blockchain. The whole crypto works on it and so as to why we need to develope the blockchain first. :-)

Now the question is whether we are in the right direction in that one or not. I believe we are, it's just that we are not moving fast enough to see those changes. So many development through the forks and segwit implementation last year. It has speeded up the process but it wasn't sufficient enough. Now is the time they need to start over and they will take time to achieve that so we need to have patience and lot of it. :-)

Most countries and banks support Blockchain technology and its only problem with Bitcoin is to identify individuals who deal with these currencies "taxes reasons, money laundering and drugs".
The lack of the use of Bitcoin in everyday services "food, bills,...etc" makes people need cash out.
Governments and banks cannot regulate the Bitcoin but can impose restrictions on the cash process.
Bitcoin will be more Decentralize after LN implementation.

In my understanding of these ideas, while bitcoin is legalized, it has to accept that it is to be regulated by the government. Why? because it is the government that decides and should therefore take part in its implementation, like laws to control or regulate its usage. This is probably done to safeguard its constituents. This I think is inevitable. Wether we like it or not, if this is to be considered a legal tender then laws will regulate it. If the regulation done is just to safeguard its users, I think it is good but if added with rules that could limit its usage or make it so hard to use then maybe it will end the our happy days with bitcoin. And it is not good.

bitcoin is a legal application on the internet. it is a legit internet company that people are still turning on. it is good in the way that it creates opportunities for the people. and most importantly, it gives the bitcoin community the success and goals that they want to achieve.

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Encryption money is only actually block chain can affect the future of application in the small tip of the iceberg, through block chain technology bring convenience and safety of impartiality, will be extremely important impact on our future life.

If the government implies to much regulations  it seems  that the bitcoin true purpose  would definitely vanished being  decentralized, anonymous, P2P is the true identity of bitcoin. Once this character  of this crypto currency lost it seems  that  it lost its identify so what ever  happen it should remain the same.

Every country is having rules that's why they need to regulate when it comes money, bitcoin is a virtual money that needs for regulation to avoid making illegal activities to the users. And that scenario was trying to avoid those countries involved in bitcoin, behind the technology of bitcoin the blockchain technology some countries are appreciated and they embraced bitcoin just like here our country.
If you accept and trust bitcoin you are in the right direction and having a brighter future.

Bitcoin is an electronic money made in 2009 by Satoshi Nakamoto. The name is also with open source software that he designed, and also uses a peer-to-peer network without centralized storage or a single administrator where the US Treasury calls the bitcoin of a decentralized currency.

Well most of the countries see bitcoin as a threat on their economy and also to the people , and of course every stat has a rules and regulation. And in my understanding bitcoin is a crypto currency a currency that is decentrelized which government can't control the price, it's the people. So some are thinking that this may affect the economy or the banks which is not. Still some government see bitcoin as a bad to invest on.

And how do you should develop the events ?? Everyone understands the prospect of using bitcoin and its popularity and react in different ways, so there is nothing surprising ...

Don't worry so much, whatever is going to happen is going to happen. You literally can't change regulators minds or change what they will implement in terms of taxation or whatever else they decide to do here. Because it is completely out of our control, I wouldn't think about this for much longer than a second.

Of course they have to accept this because Crypto is the new trend. They are way too reluctant at this time in acceptance of the crypto currencies but this is not gonna last long. Either they will have to accept the Crypto n regualte the market or completely ban it the way China has done. And I completely agree to your point that they will be left out if they get against the crypto market. This new Crypto trend in the modern era is very widespread. Almost everyone is talking about the cryptos these days and at this stage boycotting it would definitely be a stupid move 

the government's move to legalize this bitcoin I think is very difficult, because they want this bitcoin to have rules governed by government. while the bitcoin is a decentralized global transaction cash system.

The price of bitcoin is raised due to the regulation of bitcoin in many countries.Some of the country is still not accept the bitcoin , because it's decentralized digital currency.So it can't be control by the government.Some of the country is start to regulate the bitcoin.

The whole idea of being decentralized is that there is nothing that can change the network and make it being centralized( there is not a centralized organization that can change the network pre-agreed rules).
Regulators can make law enforcement that will make it harder to convert bitcoin to fiat, they can affect fiat because it's a centralized currency and they decide whether banks accept or not accept the funds that you earned from cryptocurrencies trading.
They have no impact on transactions that are being done within the bitcoin network.

Regulations is not a must but needed in terms to manage the cycles of whatever we are doing. In bitcoin regulation is needed to maintain the life of btc as it is the leading role in crypto. Without regulation I think everyone is void in this.

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yes, I think that is not true, the government will not lead us in the wrong direction, they will consider it all so as not to weigh the regulations that are made.

Everyone understands the prospect of development, and uses bitcoin and its popularity and reacts in different ways, so there is nothing surprising.

Don't tell anyone that Bitcoin is going to give you profit without any risk. There are many people who were told so, later they panic when Bitcoin price starts to decline a bit. In the end, they sell their BTC because they are afraid of loss. It's been almost 4 months since correction started and it looks like we are far from recovering. Even though Bitcoin is decentralized, tax still can be applied. It all depends on where you sell your bitcoins. If you use an exchange and cash out to your bank account then you won't have any other choice, they will eventually come after you.

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Bitcoin as the leading currency has gone through a lot of ups and downs, but it remains steadfast, undisputed, and indestructuble. We as bitcoiners have to be the voice of truth and change to spread the significance of bitcoin in our daily life, Economy, trading, and more of its kind. Let us push all negativities away and let optimism and morality transcends. Once we change one's mindset it can totally change his world and I hope bitcoin continues to dominate in helping and influencing a lot of people around the world, and together we shall parade to success.

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Exactly! Because they need to inform with the truth, don't take advantage for those beginners, even in my family if they want to invest here I cannot guarantee that after a month they will become rich, am always saying that there is no guarantee here. Taking risk is so much needed.