Bitcoin Forum

It doesn't make sense where this is going.The attractive part of bitcoin is
I DO NOT TRUST NOR ENDORSE THE CRIMES MY GOVERNMENT AND MY BANKERS
HAVE COMMITTED SO I DONT CARE IF TERRORIST NOR DRUG CARTEL NOR WARLORDS
NOR REPUBLICANS NOR DEMOCRATS USE BITCOIN...I JUST WANT TO MAKE SURE MINES ARE SAFE
And the only person I can trust with my money is me!!!!!!!!
If i sell drugs i should keep my money and go to jail just like!!!!
I DON'T WANT MY FINANCE IN NO ONES HANDS BUT MINE PERIOD... 
  CANT YOU GOVERNEMENT LEACHES UNDER STAND THAT....
THATS WHY I VOTED TRUMP AND IM A DEMOCRAT..
I don't care if you mexican nor do i care if your a muslium all i care about is my fking money
so let this dum sob trump bring down the whole house but LEAVE MY BITCOINS THE FK OUT OF LEGISLATION
NO RULES IM FINE WITH IT AND I WILL BE VOTING FOR HIS ASS AGAIN IF YOU COME AFTER MY BITCOINS

These regulations are getting outof control i rather renounce my citizenship move to so Korea or some deserted island
then have you leaches control my money ...#getouttamypocket or i will invoke the 2nd

Yes you are correct. The Bitcoin whitepaper states clearly the reasons behind
Satoshi's invention. As we all know now there are a lot of people who dont
rate this as a beneficial factor. There is even talk of a crypto bank startup in
Switzerland! https://bitcointalk.org/index.php?topic=5039174.0

Wow,while this is quite some rant,your point was forcefully put through..

This network doesn't need government regulations whatsoever,it was created to be decentralized and digital,government rules will only do more harm than good to the system as the value and price will be determined by Central Banks..

I honestly feel the death of cryptocurrency will be upon us if governments take control of it

It was, and now all people care about is regulation news because it gives them the boost in prices they want, but what they don't really realize is that with every new regulation made there is a new nail put in BTC coffin.

People need to understand that there is a big difference between regulation and adoption because I see a lot of mixing there from the majority.

Bitcoin was intended to disrupt the financial sector and it has done that to an extent already. Of course tbis would naturally spark a response. Some governments have chosen to regulate it, an avid (as they claim) to protect it's citizens from its risks. And surely there are risks, and with the growing number of scam ICOs there is a small argument in favour of regulations.

Some governments have out rightly restricted cryptocurrency in their states and some are indifferent.

Of course majority of users want the government to leave their assets alone. Do they listen?

See, governments and banks are composed of the smartest people around. And when they see potential money generating schemes, projects, programs, or platforms, they will eventually find a way to get their filthy hands on these things. As Bitcoin was originally created to be decentralized, these greedy people have found a way to penetrate the system. One best example is imposing regulations. And these regulations are certainly taking a toll from many of us.

just tell them you have a pistol in your briefs and they don't want this brief message...

but yes for the most part thats true. if anything they need to regulate the exchanges and we the people regulate the regulators. also, keep in mind we have the power to elect our state representatives so we need to be more pro active and not watch from the sidelines. now more than ever we the people have the connectivity and power to take control and not let these greedy self-centered sharks own us. cryptocurrencies are allowing us to take control of another aspect of our life and they hate it... by them i mean the people in the shadows...  :o

it is; bitcoin gives you more privacy and control over your funds,... but none of that means you are above the law! you are still a citizen of some country and you are bound to obey the law, and if you break it you must face the consequences. it has nothing to do with bitcoin. if you sell drugs with bitcoin, you are selling drugs. and you should face the punishment of "selling drugs". again bitcoin doesn't come in here.
although regulations aren't always good and sometimes the goal of them isn't even this but generally speaking regulations are aimed to do exactly that. to prevent scumbags from performing their illegal activities using something that was not regulated yet.

Absolutely.
 The banks are creeping in gradually while some part of the community are cheering them on.   More Bitcoin on centralized exchanges should be a cause for concern.  It is surprising that those who should be more concerned aren't even bothered.
It makes no sense to hold "stabilized Cryptocurrency" on centralized platforms when holding fiat in bank accounts can serve thesame purpose


I know what I want here. Nothing will distract me. Not even a million dollar bribe...

Regulation of the crypto market by the governments of various nations is the ongoing event these days. BUt more regulation means more control and interference by the government into the system. So this decentralized system tends to loose its operational autonomy when more n more people poke their noses in this business.

P.S.: The community would resent more control and definitely there would be a problem.

Damn right...if the purpose is eroded and a form of control creeps in, that means we are back to fiat ways of life.  ::) While you are sleeping, some guy is checking through your back details even from the house as left over work from the weekend.

As you said, they can only control the market, not bitcoin itself. You will only surrender your control over your bitcoin if you give them your private keys. So let them regulate the market, remove the scammers but do not give them your control over your bitcoin.

Well said. There is indeed an evident mix up between adoption and regulation. Sadly, part of people pushing bitcoin to go mainstream is regulation. Without government backing, it would definitely be difficult to have bitcoin run mainstream.

But how could bitcoin and government regulation exist together when bitcoin was created to exist without a governing authority and how could the government accept a financial tool that threatens their economic sovereignty? Somewhere, somehow, as people keeps pushing for regulation, someone or something has to give. I just hope it won't be bitcoin alone.

Sooner or later, regulations will engulf the whole cryptocurrency scene since there is money involved and a lot of people are now coming into it. Furthermore, why wouldn't the governments come into it knowing that they'd also get some money out of it along the way? Cryptocurrencies will never be free from the constraints of regulation because if it is, more and more money will be created out of thin air and more and more scams will come to it for a quick buck.

I'm not pro-regulation but sadly, we really can't do something about the governments minding our own business.

I think Satoshi's original intent with Bitcoin was to provide people with a alternative payment option that was not under the

control of some centralized organization (Banks) and the governments that support them. It turns out some people do not care

about financial freedom and they turned back to centralized services. (regulated exchanges)  ::)  You can vote for whoever

you want, they will promise you the moon and bend you over a rock, as soon as they come into power.  >:(

OK now i feel better I thought i was the only one who was getting the frustrated with so many regulation's but with all you guys agreeing i thought that people had forgotten why the mighty bitcoin was created.I thought people forgot a out 2008 nov crash that wiped out 1000's of families and left them pennyless...thanks guys i feel better and your right that was a rant...
by the way if anyone wants to help me out in connecting bitcoins to real estate come check out this thread below
     https://bitcointalk.org/index.php?topic=5043760.0 (https://bitcointalk.org/index.php?topic=5043760.0)

People are free to use bitcoin however they want to use it. If you want to go via banks and regulated exchanges then that is your choice. You can do P2P transactions without government intervention, it is a freeworld currency to do with as you please

no not true there is to many regulations i personally think bitcoin was better before the imf got involed

Lolz.

Looks like you voted wrong person then.  ;D

Should have considered the consequences before voting, isn't it mate! Well, you can not really pull the strings on your own. The house will do what ever they feel is right in the best interest of the nation and not the individual person.

There will always be some decision made and in that many people will get hurt as well as many people will be happy about it. Also rules are made but they are not lasting long if the democracy overtakes the decision of House. So in later times it can change.

Personally, I think bitcoin was doing pretty well before all these interferences, I believe all these government interferences and the selfish interest of some international bodies such as the IMF has contributed to the decrease in value of bitcoin. The good news is that, all hope is not lost, they are still many of us who believe in the amazing world of cryptocurrency.

No, the only objective of bitcoin that I know right now is the person who made it wants to make a separate and decentralized rotation of money with the help of blockchain technology where the transactions are public but you can't know the person who made the transaction. (If I'm not mistaken.)

It is not about bitcoin taking over and replacing fiat money.