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Author Topic: What do government regulations REALLY mean for Bitcoin?  (Read 4650 times)
jamesconroy4lyf
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May 31, 2016, 05:10:50 AM
 #1

Awesome article discussing cryptocurrency, Bitcoin and government regulations

http://patrickguy.ultimatepicturecollection.me/025053c7f467dd

Hope y'all get as much out of it as I did Smiley
Cheers
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June 07, 2016, 12:06:24 PM
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Thanks for sharing!

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Snorek
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June 08, 2016, 07:36:01 AM
 #3

I like to read the news about potential bitcoin legislation taking place in different countries. I gotta say this article offers good summarized explanation of possible future regulations.

It is rather scary to see that almost any remarks of Bitcoin's regulation is causing unnecessary panic within the Bitcoin community. It doesn't have to be that way.
boybugs18
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June 09, 2016, 07:34:47 AM
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I like to read the news about potential bitcoin legislation taking place in different countries. I gotta say this article offers good summarized explanation of possible future regulations.

It is rather scary to see that almost any remarks of Bitcoin's regulation is causing unnecessary panic within the Bitcoin community. It doesn't have to be that way.
Maybe bacause when it is regulated we don't get the anonimity we had when the bitcoin is not yet regulated. If they can just be transparent of there action everytime (I'm referring to the committee who will regulate bitcoin) and no political interest involve .

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June 09, 2016, 12:04:28 PM
 #5

I like to read the news about potential bitcoin legislation taking place in different countries. I gotta say this article offers good summarized explanation of possible future regulations.

It is rather scary to see that almost any remarks of Bitcoin's regulation is causing unnecessary panic within the Bitcoin community. It doesn't have to be that way.
Maybe bacause when it is regulated we don't get the anonimity we had when the bitcoin is not yet regulated. If they can just be transparent of there action everytime (I'm referring to the committee who will regulate bitcoin) and no political interest involve .
Let's be realistic here. There will be always political and economic interests involved in any type of bitcoin's legislation.
The types of proposed regulations varies from country to country but indicated one thing - if governments want to deal with bitcoin and regulate it, that means we are closer to direct BTC adoption.
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June 10, 2016, 06:54:01 PM
 #6

I like to read the news about potential bitcoin legislation taking place in different countries. I gotta say this article offers good summarized explanation of possible future regulations.

It is rather scary to see that almost any remarks of Bitcoin's regulation is causing unnecessary panic within the Bitcoin community. It doesn't have to be that way.
Maybe bacause when it is regulated we don't get the anonimity we had when the bitcoin is not yet regulated. If they can just be transparent of there action everytime (I'm referring to the committee who will regulate bitcoin) and no political interest involve .

Bitcoin is pseudo-anonymous as it is right now.  One of the beauties of bitcoin is the transparency.  Regulations are at the doorstep and the community will do best not to panic.

I love Bitcoin
Thereisnospoon
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June 11, 2016, 03:22:06 PM
 #7

Will compliance with regulation benefit Bitcoin?

A piece of irony  or wake up call on Bitcoin regulation by Andreas Antonopoulos:
https://www.youtube.com/watch?v=QpVmt3ufdrs
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June 13, 2016, 07:33:32 PM
 #8

Yes it will benefit bitcoins. At least it will reduce the incidence of bitcoin theft, thieves now know they can be caught.

I believe this will accelerate the adoption of bitcoins.

Vaccinus
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June 17, 2016, 10:11:47 AM
 #9

regulation it's bad for bitcoin, it's only mean more restriction, i don't like it

CorpCounsel
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July 06, 2016, 02:30:01 PM
 #10

Yes it will benefit bitcoins. At least it will reduce the incidence of bitcoin theft, thieves now know they can be caught.

I believe this will accelerate the adoption of bitcoins.

Yes - while the decentralized and largely self-regulated nature of bitcoin is exciting, regulation will do wonders to encourage widespread adoption.
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July 08, 2016, 03:50:30 PM
 #11

regulation it's bad for bitcoin, it's only mean more restriction, i don't like it
Not necessarily. It is commode mistake to confuse regulation with control. These two concepts are not equal.
We need to have some sort of regulation to protect customers and regulate bitcoin based businesses.
Without some form of codified legal status of bitcoin companies mainstream adoption is impossible.
You can clearly see what is happening when there is no supervision - for example just take a look at recent huge cloud mining scam - HashOcean.


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July 11, 2016, 05:39:51 PM
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bitcoin regularization means every think. regularization of bitcoin keeps so much importance. the price and value of bitcoin will remain constant.
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July 17, 2016, 03:26:41 PM
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govt regulation mean that some thing register with government. and the government have hold over it for certain issues. they must pay tax. and they have to obey the rules and regulation of the states.
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July 17, 2016, 07:45:30 PM
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Regulation is a necessary and vital part of an industry becoming legitimate. The only reason we are seeing the level of interest from old finance we are is because the space is slowly starting to regulate. If you were venture capital, wouldn't you rather invest millions of dollars on something with laws attached to it in case something went wrong? Regulation protects us while it limits us, and ultimately those protections outweigh the limits. Would you get medicine from an unregulated pharmaceutical system? Or eat food from an unregulated production facility? Since we are a nation of consumers, regulation stops producers and service providers from defrauding people.

You need regulation because there are humans involved in this. Not spelling out the rules before hand is asking for trouble. People like to cheat and take shortcuts, and someone eventually gets hurt.

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July 18, 2016, 01:29:43 PM
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Regulation is a necessary and vital part of an industry becoming legitimate. The only reason we are seeing the level of interest from old finance we are is because the space is slowly starting to regulate. If you were venture capital, wouldn't you rather invest millions of dollars on something with laws attached to it in case something went wrong? Regulation protects us while it limits us, and ultimately those protections outweigh the limits. Would you get medicine from an unregulated pharmaceutical system? Or eat food from an unregulated production facility? Since we are a nation of consumers, regulation stops producers and service providers from defrauding people.

You need regulation because there are humans involved in this. Not spelling out the rules before hand is asking for trouble. People like to cheat and take shortcuts, and someone eventually gets hurt.
yes its a fact. government has to regularize all the activities of the state either from government side or from the public. the government has to overview all the activities of the companies and industries or other govt and non govt departments and to impose tax on them for this reason they use to regularize a department and must register it with the government.
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July 22, 2016, 09:56:24 AM
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Regulation is a necessary and vital part of an industry becoming legitimate. The only reason we are seeing the level of interest from old finance we are is because the space is slowly starting to regulate. If you were venture capital, wouldn't you rather invest millions of dollars on something with laws attached to it in case something went wrong? Regulation protects us while it limits us, and ultimately those protections outweigh the limits. Would you get medicine from an unregulated pharmaceutical system? Or eat food from an unregulated production facility? Since we are a nation of consumers, regulation stops producers and service providers from defrauding people.

You need regulation because there are humans involved in this. Not spelling out the rules before hand is asking for trouble. People like to cheat and take shortcuts, and someone eventually gets hurt.
yes its a fact. government has to regularize all the activities of the state either from government side or from the public. the government has to overview all the activities of the companies and industries or other govt and non govt departments and to impose tax on them for this reason they use to regularize a department and must register it with the government.
but  i think if we simple define the regulation it means to make rules and law for bitcoin. in law rules and regulation means the everything that that the govt has decide about the companies and forums to follow.
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July 26, 2016, 11:45:31 AM
 #17

bitcoin regularization means every think. regularization of bitcoin keeps so much importance. the price and value of bitcoin will remain constant.


The price and value of bitcoin will not remain constant even with legislation.
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July 28, 2016, 09:57:29 AM
 #18

by government regulation mean to make specific law about bitcoin. to impose tax on it and make rules and regulation for bitcoin.
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June 30, 2017, 10:21:30 AM
 #19

The attractiveness of BTC is the transparency.  It is relatively terrifying to understand that practically any observations of BTC's regulation are producing unnecessary terror within the BTC users. Rules and regulations are in access and the users will do best not to panic. It doesn't take to by that way.
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June 30, 2017, 10:26:39 AM
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There will be always political and economic interests involved in any type of bitcoin's legislation.
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