Is regulation really coming to Bitcoin ?

[SpanishSoldier]

Well obviously it is subject to regulation now. The question is what other laws will banking lobbyists think up. They spend lots of money to shape the law, how much have you spent? There is your answer.

The funny thing is that, any country specific law can not stop bitcoin. It requires all countries to agree upon this. But, that is NOT going to happen. USA will never handshake with Russia/China. India will never handshake with Pakistan. Israel will never handshake with Palestine. So Bitcoin will remain

[fancy_pants]

Will it be like the DEA going after evey kid with a doobie, the RIAA going after 12 year old downloaders of MP3 music, a hands off approach , or somewhere in between?

History tells us that the government will create this thing called "bit permit".  In order to use bitcoin, you will be required to obtain a "bit permit".  Then the government will reject all applications for the "bit permit".   Bitcoin users, all without "bit permits", will be fined and maligned as often as possible, houses and cars will be seized, and those who put up a fight will be thrown in jail for decades.  This is what happened in the U.S. with regard to marijuana and medical marijuana permits.

[Eastwind]

Government only able to regulate bitcoin service, not bitcoin itself
Some people aren't scared & keep using bitcoin

Government will try to regulate/destroy bitcoin using various way like 51% attack / force bitcoin core developers to follow them
I wonder what will bitcoiner do if it happen

Regulating the bitcoin service is good for the adoption as we can be sure the "banks" we store the coins cannot steal from us.

[RodeoX]

Well obviously it is subject to regulation now. The question is what other laws will banking lobbyists think up. They spend lots of money to shape the law, how much have you spent? There is your answer.

The funny thing is that, any country specific law can not stop bitcoin. It requires all countries to agree upon this. But, that is going to happen. USA will never handshake with Russia/China. India will never handshake with Pakistan. Israel will never handshake with Palestine. So Bitcoin will remain

That is a good point and a ray of light. If they fear missing out on the money because of businesses going elsewhere, countries may temper their impulse to regulate BTC to death.

[ensurance982]

Well obviously it is subject to regulation now. The question is what other laws will banking lobbyists think up. They spend lots of money to shape the law, how much have you spent? There is your answer.

The funny thing is that, any country specific law can not stop bitcoin. It requires all countries to agree upon this. But, that is going to happen. USA will never handshake with Russia/China. India will never handshake with Pakistan. Israel will never handshake with Palestine. So Bitcoin will remain

No, but it may seriously hinder the development of that technology in said country. And if the USA or China decide to outright ban Bitcoin and using it, well, most people will stop.

[ChuckBuck]

For now, no.  Regulation is only coming to the exchange operators and entities operating as a MSB.

The authorities still don't fully understand Bitcoin yet.  Currency?  Commodity?  Property?  Payment Portal?  We know what it is, but they're waiting out this period of growth to see how it matches in their tick box.

[SpanishSoldier]

For now, no.  Regulation is only coming to the exchange operators and entities operating as a MSB.

The authorities still don't fully understand Bitcoin yet.  Currency?  Commodity?  Property?  Payment Portal?  We know what it is, but they're waiting out this period of growth to see how it matches in their tick box.

There are hardly 2-3 million bitcoiners across the globe and the market cap is below 4 Billion USD. Authorities do not need to worry now. U can grow and acquire your fuel to fight for coming days while they are sleeping peacefully or fighting over something unimportant.

[ensurance982]

For now, no.  Regulation is only coming to the exchange operators and entities operating as a MSB.

The authorities still don't fully understand Bitcoin yet.  Currency?  Commodity?  Property?  Payment Portal?  We know what it is, but they're waiting out this period of growth to see how it matches in their tick box.

Well, no one exactly knows what it is, because you simply can't seem to put a definite label on it, actually. It possesses the capabilities and properties of usually very different things!

[Amph]

For now, no.  Regulation is only coming to the exchange operators and entities operating as a MSB.

The authorities still don't fully understand Bitcoin yet.  Currency?  Commodity?  Property?  Payment Portal?  We know what it is, but they're waiting out this period of growth to see how it matches in their tick box.

regulation is already running on few states(Usa) and is coming to other(see UK), regulating something mean to tax it

australia for example classified it as a property, USA did it too if i'm not mistaken

so some country did regulated it already, other are probably waiting to see how the situation will evolve, before make their move