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thet
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October 09, 2017, 11:07:21 PM
 #41

I will like to have your view on this?  Can government's regulatory agency actually determined how bitcoin or others coins be use? If governments cannot regulate a currency be it fiat or cryptocurrency, are we having our financial freedom or investing in something that is going to create inflation and another financial crisis in future? What is the advantage or disadvantage of bitcoin unregulated? Thank, your view will be appreciated.


There is a great possibility that bitcoin can be manipulated by government agencies. With that, it will have a great effect with it's price stability.

I guess, when btc is manipulated there will be a limited transactions and may observe some rules and tax may implemented also.

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October 09, 2017, 11:10:36 PM
 #42

Yes, by some international body or governments itself but i do not think they can manipulate the market of cryptocurrencies because the blockchain it self cannot be control hence only those whales can manipulate the prices of bitcoin and etherium but not the altcoins in my own opinion.

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October 09, 2017, 11:10:53 PM
 #43

Can government's regulatory agency actually determined how bitcoin or others coins be use?
What is the advantage or disadvantage of bitcoin unregulated? Thank, your view will be appreciated.

Yes, government can regulate cryptocurrency such as US, China, Japan and Singapore did.
The advantages of bitcoin regulations:
- to avoid illegal funding or money laundering
- to protect citizens from fraudulent activities in crypto world
- if bitcoin could be legalized, it's created a perfect environment for bitcoin to grow even better

The disadvatages of bitcoin regulations:
- You may have to pay tax, but not always
- Your transactions through exchanges could be monitored
- Financial authority over watch all of the crypto transactions

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October 10, 2017, 09:51:32 PM
 #44

The main thing is that the Bitcoin can't be regulated because of its heritage which is a decentralization. Banks for sure can control and "regulate" people whom own Bitcoin but not stricte Bitcoin as a asset.
For some people it is huge advantegs and for the others it is disadvantage.

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October 10, 2017, 10:12:48 PM
 #45

I will like to have your view on this?  Can government's regulatory agency actually determined how bitcoin or others coins be use? If governments cannot regulate a currency be it fiat or cryptocurrency, are we having our financial freedom or investing in something that is going to create inflation and another financial crisis in future? What is the advantage or disadvantage of bitcoin unregulated? Thank, your view will be appreciated.


There is a great possibility that bitcoin can be manipulated by government agencies. With that, it will have a great effect with it's price stability.

I guess, when btc is manipulated there will be a limited transactions and may observe some rules and tax may implemented also.

I can see in the future there is a big possibility to make it happen. Because there are some countries has been do legalization and regulated by the government. I agree with others it can really happen manipulated by the government but some countries bitcoin is not yet legalized. Somehow it is okay and benefited them because it hasnt legalized yet and no tax involved during transaction.


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October 10, 2017, 10:27:21 PM
 #46

I will like to have your view on this?  Can government's regulatory agency actually determined how bitcoin or others coins be use?

Yes, just like in China they have figured it out on how to use bitcoin and other alt coins, look at the ICOs they were ban because of misuse and just for crowdfunding without any good project.

If governments cannot regulate a currency be it fiat or cryptocurrency, are we having our financial freedom or investing in something that is going to create inflation and another financial crisis in future?
If the government cannot regulate a currency/crypto it will be a problem to them since their citizens won't pay tax.

What is the advantage or disadvantage of bitcoin unregulated? Thank, your view will be appreciated.

Advantage of bitcoin unregulated is that you are not obliged to pay tax and you are free of it's use wherever you are in your country. Disadvantage is that they'll know your transactions, they can easily track it and you've got limitations when transacting.

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October 10, 2017, 10:38:40 PM
 #47

No, China didn't regulate Bitcoin and its hard to regulate directly, because it is decentralized. Just put high taxes on Bitcoin, offer as government a low taxed crypto and you can take take influence to Bitcoin.


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October 14, 2017, 07:10:42 AM
 #48

yes, even if our president still supports it the more it gets in our country is that bitcoin can help in our country especially the poor people will give them hope for the new life and the bad ones will also be reduced because the bitcoin is open to all anything else if this bitcoin effect in our colt is likely to be permanent.

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October 14, 2017, 08:15:26 AM
 #49

i brought this up on another topic. I think that it will be a very hard task to be able to regulate bitcoin, although transactions can be traced - wallets can easily be conjured and discarded at will creating a lengthy trail, but it IS possible to regulate. Cryptocurrencies are slowly gaining traction in their introduction to the vast majority and in a matter of time it will be inevitable not to notice. BTC is already in the SEC's radar. I think that instead of BTC being banned in most countries we may see the opposite - it will be introduced as a new frontier like that of the internet. We may even see government identification and social security becoming a mandatory protocol in block chain technologies adapted by large fiat banks. Every node identified.

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October 14, 2017, 08:16:29 AM
 #50

The government can make regulation but bitcoin cant be regulated, there will be a lot of way to used bitcoin, and it got the potential to create inflation,  if it's unregulated the risks will be a lot of scammer wandering around freely, because it will be very difficult to know the villain,  but I still prefer bitcoin unregulated, I really like the freedom that bitcoin gives us

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October 30, 2017, 05:01:44 PM
 #51

The government cannot completely have full control over bitcoins but they can definetely try and regulate it by allowing its acceptance, properly advertising it, and increasing trust in the citizens.

Because of its popularity and user base we may in coming years see govt. regularise cryptocurrencies with some moderation may be.
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November 10, 2017, 10:01:20 PM
 #52

At us in Russia Roskomnadzor only bans the exchange so far) and then the Chinese are still no body movements
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November 10, 2017, 10:43:12 PM
 #53

I will like to have your view on this?  Can government's regulatory agency actually determined how bitcoin or others coins be use? If governments cannot regulate a currency be it fiat or cryptocurrency, are we having our financial freedom or investing in something that is going to create inflation and another financial crisis in future? What is the advantage or disadvantage of bitcoin unregulated? Thank, your view will be appreciated.

We all know that Bitcoin was categorized in unregulated system while government was regulated, So with this things it is not possible that bitcoin can become a regulated due to its decentralization, it can only be happen that once bitcoin be legalize in one country they could give some restriction and give some regulations. That's all I know about it Smiley

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November 10, 2017, 10:45:49 PM
 #54

Yes, I think that soon the government will regulate bitcoin since the authorities are not profitable when people can freely manage their funds and not pay taxes.

You're wrong. You can't regulate Bitcoin and you have to pay taxes with Bitcoin as well. Not doing it is called frauding your country, friends, and family.
As I said you can't regulate Bitcoin as it is decentralized and nobody can control it. But in the opposite governments can regulate the ecosystem, the service related to Bitcoin etc. But it's totally different.

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November 10, 2017, 10:52:51 PM
 #55

I will like to have your view on this?  Can government's regulatory agency actually determined how bitcoin or others coins be use? If governments cannot regulate a currency be it fiat or cryptocurrency, are we having our financial freedom or investing in something that is going to create inflation and another financial crisis in future? What is the advantage or disadvantage of bitcoin unregulated? Thank, your view will be appreciated.

Bitcoin can actually be regulated. There are countries right now that allow Bitcoin's existence but they are within some government regulations. If governments can ban Bitcoin, they could also regulate its use but only within their specific territory. In terms of fiat currency, it is of course moving according to the plans and analysis of each country's central banks. Bitcoin unregulated means freedom and instability in value because the world's demand is changing every second. 

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November 11, 2017, 02:28:00 AM
 #56

You can pass a law saying that the Sun may only rise after 8 am, and must stay at high noon position for at least 25% of the day.

Doesn't mean it's going to work.

The issue isn't about regulating Bitcoin -- it's about whether or not it can be enforced.

It can't.

Because people will simply start using Zcash, Monero, or some other privacy-centric coin that offers real anonymity.



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dissgo
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November 11, 2017, 02:37:26 AM
 #57

Probably it can be, but I don't agree since bitcoin is decentralized.
Cause when government or maybe bank is in, then it means they can push up and down the price significantly.


coinpimp321
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November 11, 2017, 02:42:01 AM
 #58

one angle that is not often heard is what happens when governments put up their own crypto and mandate general population usage.

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November 11, 2017, 03:35:18 AM
 #59

Probably it can be, but I don't agree since bitcoin is decentralized.
Cause when government or maybe bank is in, then it means they can push up and down the price significantly.


Although it might happen in the future but in terms of controlling its price is hardly to take. Knowing that bitcoin is decentralized, and it wouldn't have any possibilities that it could be manipulate by anyone even though it is being regulated.
Maybe its being regulated not ia@n the way of controlling but it is made to set rules and regulations to improved its efficiency and build-up a strong foundation. In this way, people will strongly trust bitcoin and other crypto currencies.

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November 11, 2017, 04:18:24 AM
 #60

Bitcoin can be easily regulated by the people who are in the government and have the power to declare law that will be followed by the people in their country. Regulating bitcoin is common in some of the countries because that is how they can make sure that bitcoin has its safety and it will not become a threat. Bitcoin is a good currency but it has its own dark side so i think it is just good for bitcoin to be regulated.

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