Bitcoin Forum

I'm falling in love with these guys lately - they have some really cool ideas.

Anyways, here's where I come from: https://cryptotradernews.com/cryptocurrency/how-crypto-should-be-regulated/ (https://cryptotradernews.com/cryptocurrency/how-crypto-should-be-regulated/)


Key highlights:

Utilizing the underlying tech of virtually every cryptocurrency, we can police our own. With blockchain, smart contracts, and the very same miners currently working to provide the heart of Bitcoin, Ether, XRP, etc., etc., we can eliminate virtually every scam ICO as well as ensure that exchanges and wallets are adhering to industry requirements.

It really boils down to one of the most basic set of commands known to man — If, Then, Goto, and Else. Except now we have the power of smart contracts where we can ensure that the parameters are completely met along the way, and we can verify these requirements via the blockchain at any given time.


This truly is how we can regulate Bitcoin and virtually any currency isn't it? I mean we already have the power it's just a matter of putting all the pieces in place.


Thoughts?

There is no regulation. That's what makes BTC unique mate.

Regulation is necessary if we want to see Bitcoin grow into something more than just a speculative asset. Author is on point.

Regulation? HELL NO. If BTC were to be regulated it would just be calleed USD.

owning a coin is self control.
as soon as you request/desire someone to control/police your funds. the funds are not yours.
you may presume ownership due to the police(regulation policy) giving you licence to request usage, but if they have the final say about if a transaction should happen or not. its not your money.

If regulation comes to bitcoin and cryptocurrency as a whole it will loose its value. The regulators are likely to do it in favour of their selfish interest especially when it comes under government regulations and management. I believe how it is makes it a unique currency. The answer to regulation of bitcoin is big NO

It's easier said than done! The structure of cryptos are built such a way which makes it very hard to put a surveillance framework in place! But not impossible though!

You will mostly find supporters of freedom here but I do have a different kind of thinking for cryptos. That's the reason why I absolutely support the below statement,


Only regulation can bring the best out of crypto! Crypto needs adoption to grow and adoption can only happen with regulation and nothing else! The day we will be able to buy groceries with crypto or pay for the public transport, can only help to grow the market!

Very well said. I do agree with the author. It needs regulation to stop or lessen scams, especially in ICOs. There are lots of scam ICOs flooding the market that stops some people from doing campaigns and instead of investing in it, they prefer to stop and give up in cryptos. With a little regulation, this may lessen the number of scam ICOs or if effective, totally eliminate it.

Regulation on crypto?
Then you are willing to give out your freedom once again after getting it through crypto?
You are willing to let them take over and know everything about you?
This is agains the anonymity it is agains the freedom of the user if crypto would just ends up being regulated then we just throw away what Satoshi had given us Finacial Freedom.

People have chosen Bitcoin and cryptocurrency over banks because of the freedom that we could have through it. We are making our own banks here since we're far from regulation and we're in control of our assets. Scams and frauds are the consequences of the freedom that we're experiencing in crypto. If Bitcoin will be regulated, I don't see any sense and difference of it from banks except for being a digital currency.

i hope that the regulation never arrives neither for bitcoins nor for altcoins already these kyc procedures disturb me a lot, the main features of the altcoins are anonymity and the absence of rules...

Bitcoin was created to be sustainable without regulations, laws, authority, or whatever. It's just you guys who are praying for regulations and centralization in the hope the price skyrockets. No matter if it kills Bitcoin's ethics as long people are cashing out. The argument of the 'mass adoption' always used but Bitcoin will be adopted with or without regulations. It started a decade ago slowly but on point following its adoption

You're not expecting a crypto-only society then right? If we go 100% full on crypto and no fiat and there's no regulation on crytpo... who controls taxes?

A lot of crypto lovers as well as traders and investors will get disappointed if the government will get involved and regulate Bitcoin. We all know how the government works in ruling banks and nobody wants the same thing to happen with blockchain technology. I think fraudulent and scams aren't the reason enough to regulate bitcoin because it's something that should be fixed inside crypto without the involvement of the government.

The only thing that Smart contracts can ensure is that people will get their token in exchange for their money. That's it. Most ICOs need funds for project development and they are not able to repay its investors if the project fails. Even if someone is not going to do any exit scam nothing can ensure that this team is not showing us a fake activity until the projects run out of money.
This is a human factor that can not be predicted by any code.

Well, in Europe already there is 4th (and upcoming 5th) Anti Money-Laundering Directive which regulate some of the aspects of cryptocurrency trading and ICOs

"IF" means a condition. You wouldn't want that to happen to a coin you solely own yet controlled by a contract.  I'd rather have a wild wild west than having that kind of regulation. Didn't they asked already for our KYC information which the regulation is about to go this way? We're on that direction, I wouldn't want the database created goes any waste.

One of the main ideas of using cryptocurrencies is to step away from traditional regulations in which fiat currencies are bound to, and people adhere to, in order to prevent the assets being seized and people being detained. By allowing your coins to be regulated, most especially the network in which it runs to, you are basically giving up your freedom to use those coins and let someone in 'authority' mandate you on what and what not to do with your coins. They can regulate the platforms built around bitcoin, but bitcoin itself won't and shouldn't be regulated.

When you are regulated and clamped down when any of those laws are broken knowingly or unknowingly, then we have lost the power of total freedom completely. We should derive a means to identify scam and bring up user education in all available platforms. At present, people don't fall to cheap ICO scam any longer as compared to that of year 2017. With time, we shall found direction outside regulation

You cannot regulate something that has been made decentralized. "we can police our own" this is a much better idea. I don't want the law anywhere near crypto. We can take care of this ourselves.
People know the risks of getting into crypto. It is very risky business not for the faint-hearted. If you don't like it you don't have to take part. Stop blaming the criminals only. Do you think criminals would exist if noone fed them? As long as idiots are willing to give over their heard earned crypto to scammers nothing will change. (I am excluding advanced scams since anyone can fall for these though only like 1% of scams are advanced)
When people still fall for cloud mining scams because of their own greed its their fault and if they keep doing that scammers will keep coming.

People must arm themselves with education instead of relying on "regulations" or the "law"
If you cannot protect yourself without the need for the law you are either a fool or a coward.
You don't go into the minefield of the crypto universe without being armed. It's just asking for it. Like most things education is key.

It is very simple. You either educate yourself or do not. The latter is more likely to cause financial loss and people should be doing everything they can to protect their assets/currency/valuables/stocks or whatever it is.

No this is how you lose your freedom and be back at being centralized again.
And this couldn't really stop the scammers .
Only the newbie's in crypto would fall for this idea I mean those who have been here before would already know that this is useless.
This is like asking you to be controlled again to be monitored and see all of your activities.
If that's what you want then why did you even bother being here?

Regulating Bitcoin will make it value diminish in the the world of cryptocurrency becasue it will open the coin to be control by the government and not by the owners. If the government get hold on the mainstream(Bitcoin), be rest assure that, the world of cryptocurrency will turn from be anonymous to government control coin like USD

Bitcoin was created in decentralized, not centralized, with no regulation and it is anonymous. This is one of the things that make a difference from currency.
WIth this uniqueness, we can take many lessons, profits, and benefits from BTC although there may be always some risks of its volatility.
The question is, will the regulation make the Bitcoin better? I don't think so. I love Bitcoin in this way.

What the people said got a good point, but we don't like it to be centralised, however I agree with the part of regulation when it comes to create a new project, it could press down the shit and scam project, an independent regulatory body may seem ideal but I am sure the regulation idea will be rejected by bunch of people

The only time that government regulation is a net benefit is when it's done in an effort to ensure that products are safe for consumers, such as the various car safety standards that exist. Aside from that, governments are just adding red tape which slows entrepreneurial innovation and entrenches the existing corporations in their existing market shares. In the case of Bitcoin, because the only risks stem from the possibility that there can be merchants who do not fulfill their obligations (which can be mitigated in a number of ways), there should be, at the absolute most, a very lightly enforced means of maintaining transaction integrity beyond that of just escrow. Anything else is not a benefit, it's a foolish attempt at grabbing what can be head from the Bitcoin pie.

There should not be any move towards regulating Bitcoin as it stands right now. Taxes are wack as well, but that's an entirely separate topic.

Just say no ICOs and you're solving the issue that arises so consistently within the crypto marketplace. You don't even need to regulate ICOs, you can just give people a brain and try to teach them how to not fall for the constant get-rich-quick schemes that exist. It's easy, but everyone has way more faith in ICOs/crypto projects than they should.

so many mistakes in one paragraph. first of all coins like XRP are not mineable, not to mention they are fully centralized! secondly miners are not capable of "policing" anything since they are just workers getting paid to find blocks, nothing else. the nodes are responsible for enforcing rules aka policing things!
and finally you can't regulate anything with smart contracts since they are just "contracts"! if you don't understand why not, just take a look at hundreds of scam ICOs that are smart contracts...

If you are controlling all the miners of bitcoin network then there is no decentralization on bitcoin or any other crypto currencies so controlling miners is actually against the blockchain and its not the way of regulating we may introduce something to ignore or bust the scam ICOs and premined useless shit tokens but mineable coins might worth and holds its value in the long run.

of course ICO will follow suit, because ICO is part of cryptocurrency investment as well. Regulations will definitely be made in cryptocurrency and ICO in the future. You right, if we want to see crypto widen its wings, ICO is getting more qualified, there needs to be regulation happen.

All they're trying to do is to completely regulate cryptocurrency so that people won't avoid paying the likes of tax. Not to mention they don't want people trading cash for crypto because a lot of people have cash that the goverment doesn't know about to begin with.

In my opinion the best regulation is regulation from the government. The government has all the resources starting from the police or the law. With strict government regulations, ICO scams will be eliminated and investors will be better protected. With regulations, the government will get taxes from crypto transactions and this will make investors more confident that cryptocurrency is real investment

I think that exchanges and other crypto services should be regulated. With development of cryptocurrencies I think that has become necessary.
But coins itself should be regulated in some way to otherwise we will have some legal gap that is ideal for misuse. For protection of users it's necessary to be clear defined what is legal and legitimate and what isn't.

Since government has refused to come up with a regulation for the crypto currency industry and probably they are deliberately trying to make the system rot because of scammers so that people can gradually get tired of it and loose interest, we have to find a way to make our own regulation.

Everything this guy said really makes a whole lots of sense, but that is if we will get compliance, because when it comes to smart contract, different people are all running their own smart contract now, and not many of them are willing to do their own due diligence like Binance is doing because they claim it is a decentralized system which is why Ethereum may continue to go down if we are not careful, so charity begins at home, let Ethereum starts it first, then others can follow.

The only way that bitcoin can be regulated if most of its supply is being stored/handled by the government. I cannot think of any third-party who has the authority, power, control, and resources to handle such responsibility. Not to mention, the government has the sole authority of administering justice and equality to its society. So if it were to control bitcoin, expect opportunities to open in terms of economic standing between the State and the people.

Unfortunately, if bitcoin were to be controlled or regulated, it will cease to become a highly-valued investment famous for its high-volatility. It also defeats the purpose of being decentralized so no third-party can ever alter, change, or add any information posted in the public ledger.

Bitcoin regulation is outside Bitcoin code. No form of regulation is possible that could be enforced by Bitcoin itself. It is humans who might decide or not to follow said regulations, but this remains outside Bitcoin realm. While a government might want to dictate how people buy or sell with bitcoin, that doesn't stop people from doing it differently, ie. not reporting their transactions, wallets, keys etc.

A "regulation" for a decentralized coin like Bitcoin, is nothing more than voluntary submission to the State. Remember, in reality, no State can force you to follow the rules they create. Of course with harsh rules it could make things more difficult and people unfairly prosecuted and criminalized.

Two Bolivians/Chinese/Indians/Etc might send each other bitcoins, if they both used a lite wallet like Electrum connected to Tor, NO ONE would ever know. Remember this, an ISP might detect a tor connection, but they cannot figure out what it was used for. And Tor connections CAN be obfuscated further...

I don't think why we need to be regulated, the taxes that we are concern off is not a big problem cause we already paid for that since we are declaring our assets before bitcoin. People never want to lose their freedom, much possible not want to be controlled in all our actions.
We don't need to be regulated, only we need support for the government helping us to promote crypto and thinking for a win-win solution that the entire community may agree into it.

Regulation is indeed a dirty word when it come to crypto. It was designed to be anonymous, unregulated, be your own bank and enjoy freedom of transaction with total elimination of central authority. No matter the excuse, Government involvement is not needed to sustain the future of Bitcoin and it was designed to be so.

Bitcoin cannot be controlled or regulated by any force as of now and that is why banks and many governments don’t want to legalise the Crypto currency.
Although, for Bitcoin to grow and become mainstream, it will require some kind of regulation. That being said, it seems highly unlikely for that to happen in the near future.

Bitcoin IS a decentralized coin. Nowhere in its code says it needs to wait input from external factors such as governments or financial institutions. It was made to work without those, which is why people can trade directly among themselves without these third parties.

Some governments and banks have noticed that Bitcoin can work without them. Some get worried, and some accept the new reality of a new world to come. All the regulation and rules that some countries are imposing to Bitcoin are unenforceable unless you touch fiat.

While they might write a law where you are supposed to declare all the bitcoin in your possession, you can always keep a secret wallet, and they can do nothing about it.

Bitcoin was designed in a way that it cannot be controlled by a single authoritative body hence very difficult to regulate. Although governments can set limitations for exchange platforms and this may have an influence on Bitcoin activities, Bitcoin cannot be entirely regulated.

I agree 100% with your post. Being a decentralized currency, Bitcoin should not be regulated. If you do that, then it will become a centralized currency just like Ripple (XRP) or the Dollar (USD). I have no issues if the exchanges or gambling sites have to undergo regulations. But for now, let's leave Bitcoin and the other cryptocurrencies outside its ambit.

We all know that they cannot regulate the system completely, but the existence of Centralized exchanges has made it a lot easier for government to control cryptocurrency if they really want to. Many of crypto users has to all go through all exchanges before they can make any transaction be it local exchanges or any other exchange, so government has to start the regulation from there.

If the exchanges can be a little bit stricter in their policy, just like that of the implementation of KYC, then it will have a way to kind of sanitizes the cryptocurrency market and then eliminate all the unwanted threats to the existence of cryptocurrency such as scammers. Launderers and others, so I think that government can begin from there already.

Rules and regulations in bitcoin could not be helpful, since bitcoin is a cryptocurrency that used online and the transactions happen everyday and everywhere could not be check and validate everytime. Without this laws from government bitcoin and other crypto currency can stand alone and it could not help to make more investors, it will just limiting the usage of the bitcoin users if it will be implemented.

Governments won't be willing to legalize Bitcoin unless they apply regulations before accepting it. Actually, I would like to see Bitcoin with regulations. It could help decrease the number of scammers on a wide scale.

Read the article. Well wrote, except it's all wrong :))

Let's start splitting hairs


Please name 3 big websites (regardless of the activity field) that have not been hacked! Yahoo, NASA, FaceBook, NSA, FBI, Capital One etc. This is the evolution of online security. Hackers get better. Online security needs to be improved. I agree that improper security protocols should be penalized, but put 3-4 mediocre hackers in a room and they can steal some crypto. It's not a solution. Imagine you have to pay a fine because your front door's lock was picked and thieves stole your dad's laptop. Doesn't really make sense. If you forgot the door opened ... then you're screwed !


Is this guy serious ? Who will pick this "authority". Who will it respond to ? Who will audit it ? Better off trusting the ICO ...
A. Antonopoulos came with a interesting suggestion:  smart contracts ! They do an IEO and the funds are distributed in installments based on road map accomplishments. Did you do well so far ? Multisig between investors... you can have another 15%. Keep working hard and see you in 3 months for the next 15% if we decide you are on the right track. If not, return the remaining funds to us !
I HATE the idea of "regulatory authority" and what it means today.

We have this new great tech. Let's use tech to oversee it ourselves, not call for a "council of the elders" to guide us.

Listen to this guy: https://www.youtube.com/watch?v=c2Gf_PHk530  and then read that article again and tell me you fell the same way :)

He makes a decent point relating to the exchange hacks, it feels like every month or so, millions of dollars worth of crypto are stolen, lost, or user information is hacked and exposed.

It all depends on how much the government/regulators can offer. If they can make sure no exchange, no one's ID gets leaked ever again, it doesn't sound like much of a bad idea - I'd pick being more forthcoming with the government if it means my funds are never in risk again.

The biggest problem, however, is that the so-called regulators are often hacked themselves. Yahoo, Google, Facebook have all been victims of these hacks, so there is really no point to regulation.

Bitcoin is not decentralized. This is only "conditional decentralization". The largest number of bitcoins are stored on the smallest number of wallets and belong to a small circle of people. These people can easily manipulate the rate of bitcoin. It's centralization.

Today, in most cases, in order to live in society, we need to contact Fiat currencies. This means that without the withdrawal of BTC in Fiat money, we turn into"stamp collectors". Why do you need bitcoin, if all you can do with it is to keep it on your wallet for the rest of your life without being able to spend it?


You're right. But the whole problem is that too much regulation will lead to the fact that the cryptocurrency market will simply be strangled and will not be able to develop. And some countries, especially strongly opposed to cryptocurrencies, will only benefit from this.

We need differences. Different regulations for different countries, able to create a competitive environment on the world stage. Then we will get a climate in which scammers will not be able to be active, but the market itself will be able to grow and develop.

Might as well go turn back to banks if you wanted regulation to be in place. Sure, it would enhance security and prevent scams from occuring but it'll place limitations on its full capacity to work with.
Well thats the point. They aren't willing to accept something they cannot control and bitcoin is one of those. The government is used to having everything under it controlled by it, and bitcoin is not one of those. Bitcoin has it's freedom and is open to public, literally anyone can access it without any limitations and thats what makes bitcoin, bitcoin.

The problem is that without regulation, we won't get mass adoption of cryptocurrencies by people. And without this adoption, there will be no market growth.

It is crucial to build apps for dummies. If btc wallet would be as easy to use as any VISA card we wouldn't have this conversation now. All this is a bit too complicated for an average user. Either lacking in technical knowledge, or technology impaired or just scared he does not know how to secure his funds and believes he has high chances of being hacked or tricked. Once some easy to use apps will be developed ... and I mean EASY AS FUCK, even your grandma can use with a bit of will power ... then we know we made it! Until then we'll just argue about regulations vs maturity & auto-regulation. This is going nowhere...pace !

I think that regulating bitcoin or any other cryptocurrency is a very difficult matter and leads to a controversy, because on one had we have the reason why they were created and that is to escape any form of control and just be your own decider of how and how much you do with your money, and regulating it defies that whole idea, regulating and controlling bitcoin transactions is also not an easy thing to do if it is even possible that is why people on the dark market use it to buy drugs and guns and other illegal stuff, we can never know here the transactions are going to end up, either for good thing or bad things and that is in my opinion one of the challenges that we face with the regulation of cryptocurrency.

Every country have their own way to regulate the bitcoin so as long as they can provide with the protection against crypto,
IMO it's not a major problem !

We as the holder always keep supporting,right?

Not all countries regulate and allow bitcoin as a means of payment. For many countries, it is difficult to regulate bitcoin as a means of payment because there are no responsible entities other than that the government certainly does not want the use of its currency to be disrupted

Not actually they are having regulation in order stop protect their local currency from vanishing but would it likely to tell is that crypto is still the market adoption and they'll have doubts about its capability. May be mistakenly understood of its purpose as a currency but rather they think that it only be an option to run illegalities and frauds. As regulations might minimize illegal activities and any act of money laundering.

You're right in the future we are definitely waiting for the fight against money laundering at all exchanges. Therefore, everyone will need to go through the user verification procedure. This is essentially a normal process.

How can we regulate bitcoin? How can anyone regulate bitcoin?

It is mandatory for bitcoin to be regulated if we want to push bitcoin to its upmost beneficial way, spending it legaly and freely to physical markets out there. Government needs to take over it before they even initialize that the usage of bitcoin in all markets are accepted because it is the government who is stoppong bitcoin to be use in such market and that is what we want but we need to sacrifice decentralization for it.

This is exactly what I have been telling when someone in the forum asks if regulation is bad. There's someone that needs to oversee ICOs if they conform with the standards. For the exchanges, to ensure that they use standards in security that will increase the trust of new investors in investing to cryptocurrencies. This is because some exchanges have security flaws that thefts are happening to their platform, but no "authority" is in action to make the exchange responsible for the asset loss.

Having regulatory board would not mean centralization, the whole trade and supply-demand would remain untouched. It's just that these scams should at least be lessen to further attract more investors to the crypto-market.

I'm happy with the current state of bitcoin. As you can see, many people who do not agree with bitcoin regulations, including me. I personally think many negative sides if bitcoin is regulated. IMO, the thing that will happen related to bitcoin regulation is that bitcoin will be controlled by the government which in my opinion is not good. because if bitcoin has been controlled by the government, bitcoin-related things like taxes, markets and circulation will be regulated by the government. because of this I disagree about bitcoin regulation

I think regulation is needed for industry players, such as exchanges, and ICO or IEO, but if regulation for bitcoin specifically is not very important, because bitcoin must be free if it wants to develop,
There have been many developments that have taken place, it's just that many industry players need regulations so that users of cryptocurrency are safe.

I don't think you really understand the word regulation. If you did understand it, you will not be saying that regulation will make Bitcoin grow into something more than a speculative asset. Regulation of Bitcoin will just give a central body the authority to control how bitcoin will be used and this goes against the trademark of what bitcoin is all about. Bitcoin is not a speculative asset, you need to understand.

The idea of regulating those venues are important since scammers and hackers are rounding around this market, If good ordinance will be implemented and government will be able to execute such laws to help investors to avoid being victimized by professional scammers.

Though the entire bitcoin chain is designed being decentralized so there's no need to regulate this chain and allow it to coexist with current system.

Dude, we need the implication whenever in case bitcoin will be regulated by government and other entity. But I would like to provide some insights regarding this. If bitcoin will be regulated by the government, how would they going to do it? Bitcoin is decentralized, what they can do is to control the platform that utilizes cryptocurrency such as bitcoin. Restricting access or motivating people to use crypto is one of the power that government can induce. But they can never ever directly stop their citizens in using bitcoin.

Apart from the ideas of people about how it is against decentralization I would give you an insight about how it isn't possible practically. Law actually is not simple an if then else command. For example. Its not written in the law in plain language. that "If you kill someone then you will get death penalty else you are merely imprisoned. It's written that anyone who commits murder will get death penalty or imprisonment or shall be liable to fine which means it leaves a lot of scope for understanding of law and on personal opinion of the judge and jury. So this is not a way how bitcoin or anything can be regulated. You just can't have a statement of if then else.

Bitcoin is unique digital currency payment without have regulation, price of bitcoin could manage by any institution and running how supply and demand, if bitcoin regulation stop maybe bitcoin become usual fiat currency have stable price and only have function as currency not for investing, we use bitcoin for earning profit with investing or trading with higher and lower price  of bitcoin in several days.

How is regulation necessary when it only brings limitations and eliminates financial freedom? What you should understand is that anybody that owns bitcoin is in charge of his/her own security in terms of keeping their bitcoin safe. Regulating Bitcoin will make it no different from the ready existing traditional online payment systems.

Thats right, in this case it is impossible to use bitcoin more and more without a regulation. The government as the holder of the rule will not allow offline stores to accept payments with bitcoin if regulations have not been made, and of course it will complicate yourself. The OP has explained how the benefits of the blockchain, smart contract and so on, so that the government wants to facilitate regulation. of course we are reluctant to eliminate anonymity and decentralization, but in some parts there are still these characteristics even when regulation has been made. we need regulation mate.

this is the real benefit of the blockchain. make all transactions and history transparently. many ICOs fail because they do not meet the legality of the law. especially about protecting investor rights. so that ICO fraud is always broken. Blockchain transparency has actually been recognized by many countries. because it has great benefits. in the future.

You're right. In terms of tech, we do already have the power to self-regulate. I'm just wondering how we would go about convincing miners and developers from different blockchains to band together to regulate the cryptoasset industry. Eliminating scam ICOs is certainly crucial to the long-term success of the crypto markets, so perhaps if it was presented in such a way we could put this plan into place. Overall, I think there's definitely some serious food for thought here, particularly when it comes to securing the crypto markets, as well as exchanges and marketplaces like Vertex (https://vertex.market).

You have a good and very necessary idea. We need to fight fraudsters in the cryptocurrency market with more powerful methods than now. Apparently, a few more years are needed for the development and strong regulation of the cryptocurrency market.

I think what the regulation needs most is the ICO,

Improper regulation of scammers, We must have the true identity of the Founder of an ICO Campaign, What they can contribute to crypto, Where to find their office, And they need to be approved by the SEC or Securities and Exchanges Commisions. To assure them that their intention is true to run the ICO Campaign.

By regulation bitcoin can control by some country about how bitcoin price, we need bitcoin price based on how supply and demand where investor want to push or make bitcoin down, just give regulation for bitcoin become legal payment or allow as investment assets without control or manage bitcoin price at the future, lets make bitcoin running and control by investor when have to higher or lower price.

Yes, y o u ' r e absolutely right, i agree with u opinion   8)

You are looking at it in one direction, yes if there is regulation, a lot of exchanges will be put to check as the government will keep an eye on exchange to ensure that whichever project that come through them is thoroughly verified, and secondly, quack exchange will not be approved because for an exchange to get approval to be established by the government, they will also need to go through vigorous examination.

Regulation also has its own disadvantage to the cryptocurrency community also, as it will not enable people to freely use cryptocurrency as they like, and I am sure that they will not allow decentralized coins to thrive that much or be registered in exchange for people to be able to use them, which means we are basically going back to centralization.

Meaning to say that the regulation appropriate for cryptocurrency is only for avoiding fraud and scam, especially thoae that can lower the reputation of bitcoin. Since in terms of transactions, we could not regulate bitcoin as it is its main characteristic that we, investors and traders really want. In this case, helping bitcoin to become more reliable is the best idea we can do in order for better market adoption.

Regulating the cryptocurrency should not be coming from the inside. It should be coming from the outside. If this is the case, regulations should be coming from the governments. Frauds and scams are not to be stopped by fellow crypto projects, except if the project itself is particularly designed for that. If not, you do not expect that these crypto projects would care about the rising scam projects. Cases of scams and frauds are criminal cases, therefore the proper government authorities should be the ones running after them and impose on them the lawful penalty.

I am also against in regulTion but if this the way for bitcoin become much better as become legally in the whole world I'll go and I agree on that propossal. We have no choice if the government want regulate bitcoin before to approve as legal currency in every country.


Meaning to say that the regulation appropriate for cryptocurrency is only for avoiding fraud and scam, especially thoae that can lower the reputation of bitcoin. Since in terms of transactions, we could not regulate bitcoin as it is its main characteristic that we, investors and traders really want. In this case, helping bitcoin to become more reliable is the best idea we can do in order for better market adoption.
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I think not that is the point for regulation, regulatiin want to control manipulation  of bitcoin price stability into market cap.

I myself do not agree if to avoid fraudsters using the rules. Bitcoin was born without independent and decentralized rules. if bitcoin later uses the rules then bitcoin will be the same as fiat money which will later be controlled by the government. in my opinion it's better like this there is no regulation. of fraud is a risk that we must face when entering the crypto market. maybe to avoid fraudsters we have to be more careful when going to the ICO project and we also have to increase the security of our wallet.

Whatever you buy individually makes you a partner and you can buy and sell anytime that small amount you can regulate and it's market affect will actually depend upon the amount you have , a small amount won't actually matter much , if you actually have a huge amount of bitcoins then you could make a good profit and could regulate the market yourself , that's what whales are !
I think this is the only regulation that's in the bitcoins.

Yes I agree with you as we would prefer to be decentralized with some big players controlling the market rather than involving government or giving them a chance to meddle in between as decentralization is the main reason why people prefer crypto. We cannot blame crypto and it's decentralized nature for getting involved in scam ICO as it's our job to check it before joining.

Regulation is necessary very much for this platform because of heavy scamming and frauding in recent time, if we can put some of these then it might be a good result for this platform, but your mentionable things are not enough to measure to those problems so an institutional regulation could be the main effect of this system. but there is some negative effect also if you put any regulatory body in the blockchain system. because there are a lot of people who don't like to transact, invest or deposit their money on the conventional banking system so they will not come to this platform when they face some sort of regulation, so both things could happen when you set a regulation.

More government regulation is not the answer, but self-regulating might be. Overall, there is a problem here, but self-regulation is the answer. We definitely need to be having these discussions, although the implementation of such a system may only be in the future.

Bitcoin not have regulation and government do not have to control with bitcoin price, if have power to control with bitcoin price many people want get benefit with government when have to make bitcoin down and up, just giving space for bitcoin control buy seller and buyer where have bitcoin on higher or lower price, just supply and demand will make bitcoin price on the top or down not have regulation for government to manage bitcoin price.