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Author Topic: Do we want to work with money regulators, or keep Bitcoin unregulated?  (Read 19091 times)
WRAOUF
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January 02, 2020, 03:09:55 PM
 #341

What is the benefit to regulation? Do gold and silver buyers have regulation? In my opinion, Bitcoin green addresses, whitelisting, colored coins, government provided deterministic wallets, and other schemes can offer full traceability. All there need to be is an incentive to use them.
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February 18, 2020, 05:45:50 PM
 #342

It is good that there are so many coins right now, unlike 2013. So those prefer regulation will go to certain coins, and those prefer avoiding regulation will go to certain other coins, problem solved
Only that if we want to ensure bitcoin's survivability we would need to have it be regularized in some way by the governments that currently overrule everyone. They'll find a way to tax it out unfortunately but it's a small price to pay for bitcoin's progress. Heck, it can even be debated in court once bitcoin's widely accepted whether it's fair to regulate it or not, so you won't need to worry about that. On the bright side of things bitcoin being regulated provides more security and peace of mind to the users and customers for it'll be easier to process transactions and track them if they are traceable, which can be done of course, through regulation.
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February 18, 2020, 06:58:05 PM
 #343

What is the benefit to regulation? Do gold and silver buyers have regulation? In my opinion, Bitcoin green addresses, whitelisting, colored coins, government provided deterministic wallets, and other schemes can offer full traceability. All there need to be is an incentive to use them.


There are some benefits of regulation and they mainly concern platforms. Without regulation there were many exchanges owned by anonymous people or someone known by their facebook account and nothing else. These exchanges were disappearing one by one in 2014-18, like for instance quadriga and BTC-e. Regulated exchanges need to have certain collateral and undergoes normal bankruptcy procedures. It can still go bankrupt but it cannot disappear with your money. So the biggest advantage of regulation is transparency.
Gold and Silver markets are of course regulated.

Remember that regulation doesn't mean the end of the black market or p2p exchange. It's more like an official recognition.

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