possible government regulations?

[jondeen707]

regulations are not something you should fear. actually it is the opposite. although there are times when they are hurtful and hard to accept but in general and over time regulation can even be good for bitcoin. because people will trust bitcoin easier and can use it much easier than fearing "what ifs" for the future.

I do not think it will be good. In any case, the government will try to tax the use of cryptocurrency, which is very bad

and in other side,government will make a regulation which could possibly making bitcoin users feel safe such as protection to them rather than being accused as using illegal currency and could make them getting jailed? which one would you prefer? paying tax or getting jailed if they were banned bitcoin

Protection? We are not in need of protection. Only non-techy people needs that. There's 2FA for that which is enough security, IMO. You can hide your private key in a vault if you want to be "protected". Do you honestly think that the government will fund millions of money just to give you "protection"? No. When the government starts regulating bitcoins, that means the main point of bitcoin has failed. It's no decentralized any more. They can now put tax in every single thing we purchase/sell online. Good thing bitcoin being regulated is far from reality.

Well i think there will be positive and negative effects definitely when governments become involved in crypto and there may be a considerable changes that we may see from how it is now. For me i like bitcoin how it is today, however having governments involved would most likely open up bitcoin to a lot more users and that's a good thing

I guess we could expect governments to be much more aggressive about Bitcoin especially a few years back when the overall stance towards it was gravitating between wariness and complete denial. It would be safe to say that it was mostly due to lack of understanding of the ideas and revolutionary technology it represented. As we see it has changed for the better over the years. So I think that the governments in general would refrain from interventions, but will keep on regulating some aspects of its work.

[thejaytiesto]

THe regulations will go anywhere from confiscation of bank account linked to bitcoin activity to jail time. We will eventually be under heavy attack by governments, they will not let bitcoin develop like its nothing.

[arseaboy]

THe regulations will go anywhere from confiscation of bank account linked to bitcoin activity to jail time. We will eventually be under heavy attack by governments, they will not let bitcoin develop like its nothing.

It will be a chaos for us if this will happen. Setting boundaries and additional memorandun in bitcoin community will be hard for us to adopt. Freedom in bitcoin will be like hell and I'm really hoping that this will not happen even in the future because there's nothing we could do about it.

[cakravothy]

Since bitcoin and other digital currencies are such a game changer for the traditional economics systems, could there be any government policies that can be devastating to this new market? and even if governments in North America or Europe might not be able to do such things, how about policies from other more centralized countries that could bring the same effect?

very posible is goverment regulate bitcoin
and several country is ready regualte, china , japan is regulated bitcoin
in europe only wait volume transaction and user bitcoin is hign in there can same regulate bitcoin

[freedomgo]

Since bitcoin and other digital currencies are such a game changer for the traditional economics systems, could there be any government policies that can be devastating to this new market? and even if governments in North America or Europe might not be able to do such things, how about policies from other more centralized countries that could bring the same effect?

very posible is goverment regulate bitcoin
and several country is ready regualte, china , japan is regulated bitcoin
in europe only wait volume transaction and user bitcoin is hign in there can same regulate bitcoin

Let us wait for that to happen, and I believe even if they try it's hard for them to regulate the entire system and we will never gonna change what is the original system of bitcoin. When it is regulated, we do not have the full freedom to perform what we want.

[salmanahmedone]

THe regulations will go anywhere from confiscation of bank account linked to bitcoin activity to jail time. We will eventually be under heavy attack by governments, they will not let bitcoin develop like its nothing.

The reason for this being that banks does not want that bitcoin grow. Bitcoin by design and nature  does not favor bank system  as bank has so many rules and regulations. For me, i think bank has to make their system flexible which is more user friendly other bitcoin will just take over not only banks but also FIAT.

[danherbias07]

Since bitcoin and other digital currencies are such a game changer for the traditional economics systems, could there be any government policies that can be devastating to this new market? and even if governments in North America or Europe might not be able to do such things, how about policies from other more centralized countries that could bring the same effect?

I think they will try to take it the website wallet owners. Trying to make them get some more information about the user that will register to their website to use their wallet or those who are old user updating their information.
We lost the privacy there which some of us dont like.

[TastyChillySauce00]

Since bitcoin and other digital currencies are such a game changer for the traditional economics systems, could there be any government policies that can be devastating to this new market? and even if governments in North America or Europe might not be able to do such things, how about policies from other more centralized countries that could bring the same effect?

very posible is goverment regulate bitcoin
and several country is ready regualte, china , japan is regulated bitcoin
in europe only wait volume transaction and user bitcoin is hign in there can same regulate bitcoin

Let us wait for that to happen, and I believe even if they try it's hard for them to regulate the entire system and we will never gonna change what is the original system of bitcoin. When it is regulated, we do not have the full freedom to perform what we want.

yeah you don't literally get the freedom,but it's fine as long you will not trying to do something illegal and really forbidden by the regulation or government's rule,if you keep being such a good citizens who always have a better life rather than trying to trick the government,your freedom will not decreasing

[clickerz]

The reason for this being that banks does not want that bitcoin grow. Bitcoin by design and nature  does not favor bank system  as bank has so many rules and regulations. For me, i think bank has to make their system flexible which is more user friendly other bitcoin will just take over not only banks but also FIAT.

That is another possiblity if banks lobbied for it. As banks will be losing the market to bitcoin users.but they have also an option to have their own blockchain or integrate bitcoin in banks as another currency.

[chineseprancing]

In my opinion i do not like bitcoin to be under by government because i cannot enjoy the small transaction fees and also the posibility to make the price stable to limit the users profits/income.

[carlfebz2]

In my opinion i do not like bitcoin to be under by government because i cannot enjoy the small transaction fees and also the posibility to make the price stable to limit the users profits/income.

Don't worry  pal,  it wont  happen anytime soon  that  government would able to  control  bitcoin hence  as we all  know  bitcoin cant be  controlled  by anybody  because  its a  decentralized  digital currency  no matter what they  do they cant  impose  taxes  on it  which  means   these assumptions are  imposibble to happen though, if  its  implemented I think would really takes  time   because  there are  lots of things to  consider first  before this   regulations would  be effective.

[Wandering Soul~]

Since bitcoin and other digital currencies are such a game changer for the traditional economics systems, could there be any government policies that can be devastating to this new market? and even if governments in North America or Europe might not be able to do such things, how about policies from other more centralized countries that could bring the same effect?

I think they will try to take it the website wallet owners. Trying to make them get some more information about the user that will register to their website to use their wallet or those who are old user updating their information.
We lost the privacy there which some of us dont like.

Other than regulating the bitcoin, Verifying your wallet account by submitting some personal information will most likely to happen. An app here in my country that is widely known and I think I highly reputable are already doing this.  You must verify your account before you can cash out and the number of bitcoins that you can store is limited.

[BTCLovingDude]

In my opinion i do not like bitcoin to be under by government because i cannot enjoy the small transaction fees and also the posibility to make the price stable to limit the users profits/income.

Don't worry  pal,  it wont  happen anytime soon  that  government would able to  control  bitcoin hence  as we all  know  bitcoin cant be  controlled  by anybody  because  its a  decentralized  digital currency  no matter what they  do they cant  impose  taxes  on it  which  means   these assumptions are  imposibble to happen though, if  its  implemented I think would really takes  time   because  there are  lots of things to  consider first  before this   regulations would  be effective.

regulation =/= controlling bitcoin
of course they can not control bitcoin, bitcoin is decentralized and peer to peer. but they can control the businesses though. and also they can control the customers.

besides i don't know why everybody is so afraid or even against regulations. aren't we all paying taxes right now when we purchase stuff from a supermarket for example or pay the bills?
the only difference would be the fact that your supermarket may feel safer in accepting bitcoin if it is regulated.

[mirakal]

Since bitcoin and other digital currencies are such a game changer for the traditional economics systems, could there be any government policies that can be devastating to this new market? and even if governments in North America or Europe might not be able to do such things, how about policies from other more centralized countries that could bring the same effect?

I think they will try to take it the website wallet owners. Trying to make them get some more information about the user that will register to their website to use their wallet or those who are old user updating their information.
We lost the privacy there which some of us dont like.

Other than regulating the bitcoin, Verifying your wallet account by submitting some personal information will most likely to happen. An app here in my country that is widely known and I think I highly reputable are already doing this.  You must verify your account before you can cash out and the number of bitcoins that you can store is limited.

You cannot expect the government will keep your information private, when it's regulated we will lose the privacy that we have in bitcoin and I guess it will defeat the purpose why bitcoin is created. We should not allow that to happen as the system in place is something we are patronizing for.

[Doamader]

Since bitcoin and other digital currencies are such a game changer for the traditional economics systems, could there be any government policies that can be devastating to this new market? and even if governments in North America or Europe might not be able to do such things, how about policies from other more centralized countries that could bring the same effect?

I think they will try to take it the website wallet owners. Trying to make them get some more information about the user that will register to their website to use their wallet or those who are old user updating their information.
We lost the privacy there which some of us dont like.

If they just request some informations from us it will change a lot the current bitcoin support, i do believe we do like our privacy, and we dont wanna to share it with others, soo i believe if government make that demand we will swicht into another altcoin that allow us keep anonymous.

[tee-rex]

There is possibility like few of the american, european and even china may implement limiation on bitcoin trading however government can't just stop all the bitcoin transactions in their country. So even there may be limitation in trading volume through legal exchanger people will keep on buying selling  with face to face deal in local level which can't be regulated for sure.

Such limitations are usually not very effective against entirely online businesses like Bitcoin exchanges. Just like wealth in case of calamity runs into safe havens, online businesses will run into tax havens and other safe places where the offensive government will not reach them. Governments will have to regulate the whole Internet, but it is already beyond their range of control for the most part, and such attempts will only make it even more persistent to them.

The Kraken has been released.

[South Park]

The possibility is always there and we can not ignore it. Government regulations,whatever the purpose  I think it is to protect the users. Whether they after for taxes,a fee or any charges it is a government duties to implement they think what is good to the industry. Of course it will have resistance from users

Mistake, governments regulation for bitcoin will not have the people best interest on mind, they will be about control, about protecting their own interest and those that are in the governments bed.

[X-ray]

The possibility is always there and we can not ignore it. Government regulations,whatever the purpose  I think it is to protect the users. Whether they after for taxes,a fee or any charges it is a government duties to implement they think what is good to the industry. Of course it will have resistance from users

Mistake, governments regulation for bitcoin will not have the people best interest on mind, they will be about control, about protecting their own interest and those that are in the governments bed.

the government's regulations will either making them profit by taxing people and also giving a protection to the people they were taxing,if the government just taxing people and don't wanna protect them if some criminality case happening then they will complainining to the government hardly

[madwica]

The possibility is always there and we can not ignore it. Government regulations,whatever the purpose  I think it is to protect the users. Whether they after for taxes,a fee or any charges it is a government duties to implement they think what is good to the industry. Of course it will have resistance from users

Mistake, governments regulation for bitcoin will not have the people best interest on mind, they will be about control, about protecting their own interest and those that are in the governments bed.

the government's regulations will either making them profit by taxing people and also giving a protection to the people they were taxing,if the government just taxing people and don't wanna protect them if some criminality case happening then they will complainining to the government hardly

Correct and i think there are more investor will stop to invest because the taxed to be imposed of the government and also they will limit the price increase of the bitcoin even the price in the markets was too high.

[bitkilo]

The possibility is always there and we can not ignore it. Government regulations,whatever the purpose  I think it is to protect the users. Whether they after for taxes,a fee or any charges it is a government duties to implement they think what is good to the industry. Of course it will have resistance from users

Mistake, governments regulation for bitcoin will not have the people best interest on mind, they will be about control, about protecting their own interest and those that are in the governments bed.

Very well put, governments rarely have the peoples best interest at heart when passing regulations, its all about control for them.