Are you For or Against "Government" Regulation of Bitcoin.

[megynacuna]

I'm totally against it as this will lead the way for a possible centralization of Bitcoin. Bitcoin was indeed to bring us financial freedom from the hands of governments and unnecessarily taxation and so I'm all for decentralization and so we don't want any government interference.

[hajimasan]

Yes i am against the regulation of bitcoin. Now i am like a lost human in jungle who have no support from government  side instead they are opposing common people like me to earn money and honestly bitcoin gave me a good amount of money during last few months so I strongly protest against government's new rules and regulations. Government should not take such decision. First they should investigate everything from core of the technology and should see whether there is risk in the technology. Even there is risk in mutual fund also but why don't the make that illegal. Investing in bitcoin also should be make legal.

[haroldtee]

Regulation of bitcoin by the government? How do they even want to achieve that? I thought satoshi made it clear that bitcoin isn't fiat that can just be regulated by any governmental body as it is decentralised. What part of that don't they understand? Except maybe I am not clear on how decentralisation works. Moreover, if I am to answer your question, I will say definitely no way will government regulate bit coin.

[cruz49]

Yes government planning that they want to make same the bitcoin and gold they can manipulate the price of it,, well the advantage of the bitcoin is it is decentralized not like gold that can hoard for a long time without knowing of many people. I am against of the government when it comes to bitcoins.

[2bfree]

Regulation is just the freedom haters double-talk for tyranny. It's like an honest country calls its war depart a ward department a deceptive one calls it defense department (just an example) - my country to by the way. My government is a government of double talk and tyranny so I'm against regulation since i"m for freedom, problem is 99% of the people hate freedom and want to be regulated and they want their tyranny to be called freedom. I live in a a country of brainwashed people and bitcoin is a beacon of hope for freedom but I don't think it will last now that i see more and more bitcoin people demand tyranny.

[olushakes]

I am powerfully against government regulation as I prefer to live with this situation of non-government regulations despite the challenges it brings that the disadvantages we will be facing if government should bring their regulations simply because they have failed and its their failure and their established system that led to the financial crisis that gave birth to bitcoin itself so having them come into the space is like going back to the dark ages.

[South Park]

I noticed many pro government Regulation of Bitcoin popping up everywhere thesedays it makes me wonder whether fellow Bitcoiners are in support of these people or more focused on accumulating more Bitcoin & Altcoin.
Would Satochi be in Support of Regulation? Are you in support or against?

By design bitcoin cannot be regulated, think of bitcoin as torrent, governments have fought the battle against torrent despite the fact that no one gets injured by file sharing and they have some victories, but they cannot win the war, they can try to regulate bitcoin but all of their attempts are going to fail in the end, they will have to eventually accept that fact.

[krisnt80]

Im sure no one does wanna to get their coins regulated and have to pay a fee, but the most of us will always exchange their coins to fiat, and at the moment while banks doesnt know you can do it with small ammounts, but there is a risk you get your money frozened. I do believe legalization would benefict more bitcoin, since you would be able to go to the bank and say i wanna money to play with bitcoin, but for the other side i wouldnt wanna to had my information being public, or into any computer besides mine. Imagine those person wich hold a lot bitcoins they will need to moove and hire security to walk in the street, because hackers can and might attack the system to found those people adress.

[Armstand]

Government engaging in btc can ruin our transaction,we were already disappointed in transaction fees what more if they put tax on it.

[2bfree]

Im sure no one does wanna to get their coins regulated and have to pay a fee, but the most of us will always exchange their coins to fiat, and at the moment while banks doesnt know you can do it with small ammounts, but there is a risk you get your money frozened. I do believe legalization would benefict more bitcoin, since you would be able to go to the bank and say i wanna money to play with bitcoin, but for the other side i wouldnt wanna to had my information being public, or into any computer besides mine. Imagine those person wich hold a lot bitcoins they will need to moove and hire security to walk in the street, because hackers can and might attack the system to found those people adress.

"Im sure no one does wanna to get their coins regulated" ha ha ha!

You don't know how stupid and brainwashed people are. Most want government regulation. I bet you when germans took people to the camp the good citiziens probably said well they must have done something wrong. People are brainwashed to love their governemtn and thin it does good, so if there was a vote to regulate bitcion most would be for it! If you don't belive that I'm true then you are just anaware of what people are really like

[mrcash02]

Im sure no one does wanna to get their coins regulated and have to pay a fee, but the most of us will always exchange their coins to fiat, and at the moment while banks doesnt know you can do it with small ammounts, but there is a risk you get your money frozened. I do believe legalization would benefict more bitcoin, since you would be able to go to the bank and say i wanna money to play with bitcoin, but for the other side i wouldnt wanna to had my information being public, or into any computer besides mine. Imagine those person wich hold a lot bitcoins they will need to moove and hire security to walk in the street, because hackers can and might attack the system to found those people adress.

"Im sure no one does wanna to get their coins regulated" ha ha ha!

You don't know how stupid and brainwashed people are. Most want government regulation. I bet you when germans took people to the camp the good citiziens probably said well they must have done something wrong. People are brainwashed to love their governemtn and thin it does good, so if there was a vote to regulate bitcion most would be for it! If you don't belive that I'm true then you are just anaware of what people are really like

I personally don't want it, but I see many people cheering when there is a news about governments regulations about Bitcoins, countries accepting Bitcoins, this kind of news... There are some points that could be positive, but the most parts of a regulation are negative for the individual Bitcoin enthusiast. Regulations are made to be at government side and give advantages to them.

[2bfree]

Im sure no one does wanna to get their coins regulated and have to pay a fee, but the most of us will always exchange their coins to fiat, and at the moment while banks doesnt know you can do it with small ammounts, but there is a risk you get your money frozened. I do believe legalization would benefict more bitcoin, since you would be able to go to the bank and say i wanna money to play with bitcoin, but for the other side i wouldnt wanna to had my information being public, or into any computer besides mine. Imagine those person wich hold a lot bitcoins they will need to moove and hire security to walk in the street, because hackers can and might attack the system to found those people adress.

"Im sure no one does wanna to get their coins regulated" ha ha ha!

You don't know how stupid and brainwashed people are. Most want government regulation. I bet you when germans took people to the camp the good citiziens probably said well they must have done something wrong. People are brainwashed to love their governemtn and thin it does good, so if there was a vote to regulate bitcion most would be for it! If you don't belive that I'm true then you are just anaware of what people are really like

I personally don't want it, but I see many people cheering when there is a news about governments regulations about Bitcoins, countries accepting Bitcoins, this kind of news... There are some points that could be positive, but the most parts of a regulation are negative for the individual Bitcoin enthusiast. Regulations are made to be at government side and give advantages to them.

Finally someone smart! Imagine a bit mafia ran the country and you get to vote who the mafia boss is (from the aproved maia candidates they give you) which now makes it ok that mafia runs your life then when mafia passes a regulation it's in the interest to the mafia family NOT YOU! but the mafia says "this regulation is to protect you" or some shit like that. We have a mafia but ignorant people don't see it becasue they can "vote". Democracy is 2 wolves and a sheep voting what's for dinner. Dimacracy is a bad system and we don't even have that bad system we have corpore-insider-tyrany where they pass laws to help their corprate mafia and the banker mafia will regualte bitcoin to their benefit now ours! But the people are so ignorant it's hard to watch this ship go down because the people love to be ruled so much and hate to be free smart people.

[De Suga09]

I guess the government is obviously against the bitcoin is many reason and for obvious reason bitcoin is really a big threat in official government money the money is being regulated by the government and the bitcoin is really a threat and can can make the banks disappear in the coming year and obviously can make cash disappear.

[mrcash02]

Im sure no one does wanna to get their coins regulated and have to pay a fee, but the most of us will always exchange their coins to fiat, and at the moment while banks doesnt know you can do it with small ammounts, but there is a risk you get your money frozened. I do believe legalization would benefict more bitcoin, since you would be able to go to the bank and say i wanna money to play with bitcoin, but for the other side i wouldnt wanna to had my information being public, or into any computer besides mine. Imagine those person wich hold a lot bitcoins they will need to moove and hire security to walk in the street, because hackers can and might attack the system to found those people adress.

"Im sure no one does wanna to get their coins regulated" ha ha ha!

You don't know how stupid and brainwashed people are. Most want government regulation. I bet you when germans took people to the camp the good citiziens probably said well they must have done something wrong. People are brainwashed to love their governemtn and thin it does good, so if there was a vote to regulate bitcion most would be for it! If you don't belive that I'm true then you are just anaware of what people are really like

I personally don't want it, but I see many people cheering when there is a news about governments regulations about Bitcoins, countries accepting Bitcoins, this kind of news... There are some points that could be positive, but the most parts of a regulation are negative for the individual Bitcoin enthusiast. Regulations are made to be at government side and give advantages to them.

Finally someone smart! Imagine a bit mafia ran the country and you get to vote who the mafia boss is (from the aproved maia candidates they give you) which now makes it ok that mafia runs your life then when mafia passes a regulation it's in the interest to the mafia family NOT YOU! but the mafia says "this regulation is to protect you" or some shit like that. We have a mafia but ignorant people don't see it becasue they can "vote". Democracy is 2 wolves and a sheep voting what's for dinner. Dimacracy is a bad system and we don't even have that bad system we have corpore-insider-tyrany where they pass laws to help their corprate mafia and the banker mafia will regualte bitcoin to their benefit now ours! But the people are so ignorant it's hard to watch this ship go down because the people love to be ruled so much and hate to be free smart people.

Worse is when the polls are constituted by a fake polarization, which in the end, candidates are the same thing and interact very well among themselves, but worse yet is when you have to vote in an electronic voting machine.  

Unfortunatelly it's unevitable to make Bitcoin free of these regulamentations forever, at some point, when things become really good here, all the world governments will want to regulate it somehow. As minority can do nothing about it, better to enjoy the time while we can.

[2bfree]

Im sure no one does wanna to get their coins regulated and have to pay a fee, but the most of us will always exchange their coins to fiat, and at the moment while banks doesnt know you can do it with small ammounts, but there is a risk you get your money frozened. I do believe legalization would benefict more bitcoin, since you would be able to go to the bank and say i wanna money to play with bitcoin, but for the other side i wouldnt wanna to had my information being public, or into any computer besides mine. Imagine those person wich hold a lot bitcoins they will need to moove and hire security to walk in the street, because hackers can and might attack the system to found those people adress.

"Im sure no one does wanna to get their coins regulated" ha ha ha!

You don't know how stupid and brainwashed people are. Most want government regulation. I bet you when germans took people to the camp the good citiziens probably said well they must have done something wrong. People are brainwashed to love their governemtn and thin it does good, so if there was a vote to regulate bitcion most would be for it! If you don't belive that I'm true then you are just anaware of what people are really like

I personally don't want it, but I see many people cheering when there is a news about governments regulations about Bitcoins, countries accepting Bitcoins, this kind of news... There are some points that could be positive, but the most parts of a regulation are negative for the individual Bitcoin enthusiast. Regulations are made to be at government side and give advantages to them.

Finally someone smart! Imagine a bit mafia ran the country and you get to vote who the mafia boss is (from the aproved maia candidates they give you) which now makes it ok that mafia runs your life then when mafia passes a regulation it's in the interest to the mafia family NOT YOU! but the mafia says "this regulation is to protect you" or some shit like that. We have a mafia but ignorant people don't see it becasue they can "vote". Democracy is 2 wolves and a sheep voting what's for dinner. Dimacracy is a bad system and we don't even have that bad system we have corpore-insider-tyrany where they pass laws to help their corprate mafia and the banker mafia will regualte bitcoin to their benefit now ours! But the people are so ignorant it's hard to watch this ship go down because the people love to be ruled so much and hate to be free smart people.

Worse is when the polls are constituted by a fake polarization, which in the end, candidates are the same thing and interact very well among themselves, but worse yet is when you have to vote in an electronic voting machine.  

Unfortunatelly it's unevitable to make Bitcoin free of these regulamentations forever, at some point, when things become really good here, all the world governments will want to regulate it somehow. As minority can do nothing about it, better to enjoy the time while we can.

I agree with you 100%. I know those wicket dictators will come down on us, that is what they do, they hate us having even a little bit of freedom so bit by bit they steal it. It's like they are vampires feeding on our freedom. the day will come when they shut this little freedom down so I'm enjoying it today and while it lasts and preparing when it's no longer here. They will find some way and then declare to the sheep how it's to protect from money laundering or terrorist or some other sheet the sheep have been trained to believe.

[xuan87]

There are some positive outcome of bitcoin recognised by the government, it will crank up the popularity and it will spread the bitcoin usage to a lot of places, but it will come to consequences that it will be taxed and the transaction will be transparent, and I don't like this , I prefer to do my transaction secretly and the government doesn't know my wealth

[dinofelis]

I guess the government is obviously against the bitcoin is many reason and for obvious reason bitcoin is really a big threat in official government money the money is being regulated by the government and the bitcoin is really a threat and can can make the banks disappear in the coming year and obviously can make cash disappear.

I think this is a totally wrong view.  I think most governments are actually neutral, and when they look into it, would actually LOVE bitcoin, once they regulate its usage.  Bitcoin is a free man's night mare.  It is very easy to regulate (I'm not saying "regulating the protocol", nobody cares about the protocol ; I'm saying: regulating its usage).  It being totally automatic, it is extremely simple for a government to spell some laws that oblige you to *declare* all of your crypto movements (independent of their parallel movement on a block chain, whether obscured or not).  Using non-declaring software would simply put you in difficulties, because the non-match between your declared transactions, and others' would be very easy to find *automatically*.
Bitcoin and other crypto would be the end of any form of financial privacy if you want to use your coins with law-abiding partners.  Banks are still protecting your privacy until law enforcement comes in ; but with crypto, there's no such intermediate agent, and you'd have to declare EVERYTHING.  This is a DREAM for governments that want to know what their citizens do, and it wouldn't cost them much: only a good data centre that collects all the declared transactions from all the citizens, and analyses them.  

Banks will love crypto too.  They most probably already do, because crypto allows them the wild speculation they were forbidden after the financial crisis ; in the greater-fool game of speculative crypto, crypto is a mightly lever arm for professional speculators to pump value from amateurs into their pockets, but this time, without any regulation that tempers them in doing so.

Selling crypto and bitcoin in particular as something that brings freedom and is against banks and governments is a very naive view of things.  I think that at a certain point, governments and banks were indeed afraid that bitcoin might have been a freedom currency.  But now they realize that it is actually designed to be on their side, because it is not designed to be any threat to fiat (it has too many design errors for that), it is a highly speculative asset, and its regulation can be made entirely such, that not a single ounce of freedom and privacy remains.  Banks will love the speculative aspect of it.   This is nothing else but a Troyan horse that has entirely killed any future idea of a freedom currency.  Because bitcoin has introduced the irreversible idea that a freedom currency can make you immensely rich (hodling).  Once that greed is out of Pandora's box, no freedom currency that will NOT make you rich will ever be able to see the daylight.  And the "make you rich" aspect of bitcoin and all other copied crypto is exactly what turns it into a bad currency (banks will not fear it), speculators yelling for "regulation" and cheering when countries declare it to be a legal entity (killing the free aspect of it), banks loving it to speculate and in the end, governments to have the leverage to ask you to declare it.

[Juggy777]

I noticed many pro government Regulation of Bitcoin popping up everywhere thesedays it makes me wonder whether fellow Bitcoiners are in support of these people or more focused on accumulating more Bitcoin & Altcoin.
Would Satochi be in Support of Regulation? Are you in support or against?

Definitely against government controlling Bitcoins. What's the point if government was to control it, that's the end of Bitcoin for every Bitcoin user. They will charge tax, keep a fix amount per user, and who knows lots of restrictions. It will spell doom for everyone. No one will benefit, so if I can I will fight it for as long as I can before allowing government to gain any control over it.

[Amph]

i can't see how regulation is bad, you see on japan regulation mean more adoption and acceptance, if regulation mean seeing bitcoin as a currency i'm all for it

if it mean restriction of usage then not of course, the only reason why the government want to regulate bitcoin is to get taxes out of it, but if this also lead to more average joe using bitcoin, it's welcome for me

also they know they can't stop bitcoin anymore, therefore the only wise decision for them is to regulate it and take their profit

and with regulation they can track better some transaction movement that go to exchange like the european are doing with some exchange or like with coinbase

[dinofelis]

i can't see how regulation is bad, you see on japan regulation mean more adoption and acceptance, if regulation mean seeing bitcoin as a currency i'm all for it

if it mean restriction of usage then not of course, the only reason why the government want to regulate bitcoin is to get taxes out of it, but if this also lead to more average joe using bitcoin, it's welcome for me

This is exactly why bitcoin missed its goal as a freedom currency.  It is a speculative asset that induces people to give up their freedom in order to have the government help them play their greater-fool game at bigger scale and have them play their greedy benefit-taking game. 

A freedom currency would be a thing that gives economic freedom back to people, so that they can interact economically with one another without getting stolen (tax), spied (declaration) and limited (forbidden economic interaction) by rule makers.  If it can be taxed, has to be declared, and hence, can be regulated (forbidden for some actions), then it has no use as a freedom currency.