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Author Topic: Is regulations good for bitcoin?  (Read 852 times)
aurora
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March 25, 2013, 12:42:56 AM
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I know what you all gonna say but :
Goverment doesn regulate bitcoins but market manipulators do. Does it make sense?
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contactluis
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March 25, 2013, 02:41:05 AM
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Yes, to get the mainstream's money you will have to have regulations.
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March 25, 2013, 09:27:37 AM
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I know what you all gonna say but :
Goverment doesn regulate bitcoins but market manipulators do. Does it make sense?

you mean ARE regulations good for bitcoin?  And of course, we are not mind readers so we cannot answer.  What kind of regulations are you referring to?  The ones that require newly mined blocks to conform?  Yes, those are good for regulations. 


 
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March 25, 2013, 11:37:02 AM
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In the US it maybe recognised as currency, but this is currently uncertain in the UK.  I will be following up with HMRC.  But refer to my UK VAT post:

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rayflammerex
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June 05, 2013, 04:33:35 PM
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I think it is better to keep bitcoin unregulated. So it mature itself naturally and evolve itself over time as the time goes on.
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June 07, 2013, 04:34:46 AM
 #6

Regulation kills everything non-regulated so no

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phlogistonq
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June 07, 2013, 10:48:49 AM
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Quote
I know what you all gonna say but :
Goverment doesn regulate bitcoins but market manipulators do. Does it make sense?

The exchange rate != bitcoin.
Manipulators obviously try to regulate the price to benefit as much as they can.
They do not and can not control, own or regulate bitcoin in any way.

Government regulation is good when it comes to dealing with money laundering, tax evasion, etc.
If bitcoin is to go mainstream this is inevitable. It should be applauded, so we can see mainstream adoption eventually.
The gov should never interfere with price, exchanges etc. It is one of the really essential features of bitcoin that its price is set by a truly free market. The 'natural' process of ask and demand, including manipulators, pump and dumps, hackers etc. That's all part of the game IMO.
Stampbit
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June 07, 2013, 08:29:27 PM
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Of course, regulations are our only protection against the decay and monopolization of free markets.
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June 07, 2013, 08:52:10 PM
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Regulation kills everything non-regulated so no

What do you mean by that?

As long as you are transferring Bitcoin inside the Bitcoin network, you can trade whatever you want right now.

Of course when dealing with government-issued money, your government probably wants to regulate it - but it's limited to currency trading and regulations that already existed. 
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June 08, 2013, 08:06:31 AM
 #10

To be born and living in an autocratic country such as mainland China, one cannot stop hating all the regulations. The govornment is practivally a group of robbers and killers, yet they controll the legislation and make regulations to take away civil rights of individual civilian in the name of serving the public.

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June 08, 2013, 07:55:07 PM
 #11

thats why the internet was founded, to inform the masses of their stupidity. . .

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