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

[Shenzou]

Regulating bitcoin defies the whole idea of it, which not being under the controll of goverments and banking systems, and if bitcoin gets regulated it will limite its potential and ut will become more or less a common thing then it will lose its value, right now bitcoin is a good thing because not everyone has it but if it becomes used by a lot of people that will dtop its value.

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[shimbark123]

I support this one. I am a support on the regulation of bitcoin by the government. It would be really cool for our country. Or the whole world rather to validate bitcoin as a form of currency itself. It would be fun to be in a cryptocurrency world. Wow it would be so awesome.

[olubams]

As it is currently, I would say I am in-between because of the fact that if its being regulated then the freedom bitcoin promises might be eroded on the other hand, if we go against government regulations, then we are giving a free card to be duped by either developers or promoters all in the name of either ICOs or exchange sites or even gambling sites without anybody calling them to order or even bringing them to be responsible for their actions against the general populace of in the crypto-world.

[Harlot]

As a Bitcoin user the side of the government regulating Bitcoin is a no for me but if a country's government will identify Bitcoin as a payment method or even as a currency then I am on their side. If my country identifies Bitcoin as a currency it means that it will make the Bitcoin user's life in our country convenient as not only it can be used in exchanges but now it can be use to purchase items from a business.

[Oralmat]

Now i don't see anything about it. Also i don't see that my Government could do something for bitcoin. Because now in my country government is not doing properly work for welfare working in country, and government have some political issues like panama, that's why my government have no time to see bitcoin regulations.

[JoMarrah Iarim Dan]

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?

Before entering bitcoin I read some site in the google about bitcoin.
https://bitcoin.org/en/faq
As said on that site "Nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world. "
So my answer if I am For or Against "Government" Regulation of bitcoin is I am Against about this idea. We bitcoiners have only the right to control/ regulate bitcoin. The government will only use bitcoin as source of income to the point that they will make sure they will earn more than the people who do bitcoin. They will collect tax for this and other fees they want.

[ArIMy11]

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?

Before entering bitcoin I read some site in the google about bitcoin.
https://bitcoin.org/en/faq
As said on that site "Nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world. "
So my answer if I am For or Against "Government" Regulation of bitcoin is I am Against about this idea. We bitcoiners have only the right to control/ regulate bitcoin. The government will only use bitcoin as source of income to the point that they will make sure they will earn more than the people who do bitcoin. They will collect tax for this and other fees they want.

Hello I go to the address and I read it. Yes the page contain the sentences inside your quotation mark.
After reading it, I agree with you JoMarrah. I am also against about the idea of regulation.
It seems like we will be dictated by the government if that happened. Government don't own bitcoin in the fisrt place, they do not fund for it so I think it is really a bad idea.

[badungs]

it depends on what we can earn. whether to support the government's step can be profitable or even harmful, if harmful of course many people focus on finding bits and alt coin. and the fact many country still refuse bitcoin

[maeusi]

But decentralized doesn't mean in all cases, that you can't control or regulate. In opposite: Nothing is more transparent like bitcoin. You can follow all payments from beginning on, I think.

[Ucy]

Well, If government couldn't regulate nor tax the Internet, I don't know if it's possible to regulate or tax Bitcoin... It's just not possible. Government MIGHT end up taxing big Bitcoin companies just as ISP, Apple, Google, Amazon are taxed. however. majority will not be taxed
Same as regulation. Bitcoin cannot be regulated.  I wasn't too familiar with the workings of Bitcoin when I asked the dumb question.
So, don't worry, Bitcoin can neither be taxed nor regulated.

[oktana]

So far my country hasn't yet ruled it out so I'm not against the rules and pay transaction taxes as per the specified rules, many bitcoin profits can be withdrawn from the tax sector but the government cannot see it as a potential prospect, I have no problem and the most important thing is to find bitcoin for deadline which is not specified.

[SacriFries11]

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?

I am also one of the people who are against to that regulation. I don't think it is a good at all. Bitcoin exist for so many years without any government that controls. Now the value of bitcoin doubled and tripled then they get interested about it?
We people have the right to control it not them. Government does not own it. We respect the government but they must also respect us because without people there is no government.
If it happens so many bitcoiners will not follow it.

[SoyLaCasa]

Regulation can be seen as positive if we talk about getting mass adoption.
99% of the people are not willing to "take the risk" of using the "unknown and scary" bitcoin.

99% of people simply do what they are told by media, like opening bank accounts to be tracked 24/7, get life-long loans without knowing the rate of interest, etc etc.

If they are told bitcoin is good to use, they will start doing so, at a very basic level, following every instruction and being subject to regulation and tracking.

Those who understand the reality of bitcoin and cryptocurrency will take advantage of its full potential, and its price spike due to mass adoption.

One of the things I learned from cryptocurrency is that general public asks for freedom, but they don't really want freedom. They just want to complain about their lives.

To me, understanding that decentralization will never be a reality for the masses, the fact that governments accept bitcoin, even regulating it, is amazing news.

[Ucy]

Lol. Am speechless