Anyobsss
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DeFixy.com - The future of Decentralization
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October 08, 2017, 06:02:09 PM |
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whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?
I think for us who earned money with bitcoins it will have negative impact. For example, bitcoin doesn't have tax yet so if ever government try to impose tax on every bitcoin you make it will be really a pain in the *ss since we know that some governments are too greedy when it comes to money and they may charge a really huge tax.
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asus09
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October 08, 2017, 06:13:32 PM |
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whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?
every rule is always different in every country. I don't know for sure what is beneficial or disadvantageous, because in my country there is no problem with the rules on bitcoin.
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bitbunnny
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WOLF.BET - Provably Fair Crypto Casino
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October 08, 2017, 06:17:02 PM |
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I don't think that governments regulation would necessary represent something bad for Bitcoin. Some think that regulation means ban but that is not so and to my opinion regulation could help Bitcoin to get more established and more accepted, especialy in the business area, so regulation is not something that we should have fear of.
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HitbtcSCAM
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October 08, 2017, 06:18:36 PM |
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The government is using its own sites to spy on people, like hitbtc.com using fake offices and shell corporation for 4 years, stealing money and nothing happens.Controlled by the FBI? You should know before you think that is crazy it is confirmed the US FBI used to operate child porn sites
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Envrin
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October 08, 2017, 06:33:12 PM |
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State regulation will have a negative impact on bitcoin only a short time. So it was with China. If you store bitcoins for six months - a year, you will see only growth and profit, no matter how hard they try to settle it.
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kpcian
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October 08, 2017, 06:52:57 PM |
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it is not a panicked issue for all of us, I think governmental regulation should be welcomed because of getting the legal and transparent purpose. I think governmental regulation enhances the credibility of the people. so it will carry a goodwill for it.
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ragavancoin
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October 08, 2017, 07:02:55 PM |
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Bitcoin is a decentralized currency so some county has legalized the bitcoin and some of them still under regulation, no one can ban the bitcoin because of it's decentralized currency.
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bncbnc
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October 08, 2017, 07:34:50 PM |
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whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?
I think for us who earned money with bitcoins it will have negative impact. For example, bitcoin doesn't have tax yet so if ever government try to impose tax on every bitcoin you make it will be really a pain in the *ss since we know that some governments are too greedy when it comes to money and they may charge a really huge tax. I do not think that paying tax is a bad habit, If we are getting some profit, so it is our responsibility to pay tax on our income, either it is coming from bitcoin or from any other source. To me i think government should turn bitcoin as legal currency and should put a reasonable tax on it, and i am sure that people will willingly accept to pay tax on their bitcoin income.
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JaredStein
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October 08, 2017, 08:49:14 PM |
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Goverments can try to do whatever they want but they can't stop people from moving their bitcoins, it is impossible thanks to cryptography and private and public key encryption.
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2fresh
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October 08, 2017, 08:52:22 PM |
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Goverments can try to do whatever they want but they can't stop people from moving their bitcoins, it is impossible thanks to cryptography and private and public key encryption.
They can't do anything about the network, but they can make it next to impossible to cash btc out to fiat if they would want to.
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JaredStein
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October 08, 2017, 08:57:01 PM |
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Sooner or later governments will develop tracking software to make sure people pay tax on crypto!
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grermezter
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October 08, 2017, 09:00:01 PM |
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whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?
I think for us who earned money with bitcoins it will have negative impact. For example, bitcoin doesn't have tax yet so if ever government try to impose tax on every bitcoin you make it will be really a pain in the *ss since we know that some governments are too greedy when it comes to money and they may charge a really huge tax. I think the governments of the world regulating and taxing bitcoins will be better than banning it completely. Banning bitcoins will have a lot of repercussions and i don't think we the investors will be able to get out of that alive. Even the rumor of China banning bitcoins drove it so low, how much more they actually doing it followed by the major Countries like the USA and most of Europe.
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maku
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October 08, 2017, 09:13:14 PM |
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Some core elements of future cryptocurrency regulations we may see in the future:
1. It is almost sure that government intervention in the cryptocurrency is inevitable, it is only matter of time. 2. Government officials think that bitcoin is too unpredictable and hard to tame ATM, and it needs to be changed to bring it in line with other payment systems. 3. We may see even changes to the core bitcoin protocol, for example: regulators will try to add identity information to bitcoin transactions and will try to make it possible to blacklist funds.
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xiboothrezi
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October 08, 2017, 09:57:17 PM |
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all things must have positive and negative sides. the positive, we learn to hold back and be grateful that although not legalized, at least bitcoin is not banned in my country. On the downside, it is very difficult to use bitcoin technology because the rule is obstructed.
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audrey12
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October 08, 2017, 10:57:51 PM |
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The only thing I think government will take an impact if they were able to control bitcoin is that imposing tax on earnings that we get surely the government would like to have the majority of bitcoin in the market to sustain their power and to have control over the economy's wealth
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princesocapuyo
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Presale is live!
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October 14, 2017, 01:04:28 PM |
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Government regulation of Bitcoin will always be a non-factor. If anything it'll actually make Bitcoin more resilient in the long run as more and more people realize it's for them, and not FIAT $.
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Getmon
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October 14, 2017, 01:13:55 PM |
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whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?
It will have a negative effect to Bitcoin for sure. You have just seen how china shook bitcoin, albeit very temporarily. But the more interesting part here is that it will give a more negative effect to the government that is imposing the regulation itself. Bitcoin is designed to stay away from centralized authority. Government regulation is centralizing what was invented as a reaction to it.
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andrew24p
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October 14, 2017, 01:30:08 PM |
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Government regulation is good and bad. Good because it brings in a ton of money, but bad mostly because the chokepoints (companies mostly) will be forced to hold data and bypass a reason why bitcoin is good.
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Core.BUSTER
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October 14, 2017, 01:45:00 PM |
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whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?
If the current government in my country will regulate bitcoins now, I will be annoyed. Because I don't think they won't try to tax bitcoins and more paper works whenever I would trade it to fiat money. Then they will likely required me to tell my personal information to create a database which I doubt would be protected from hackers. I remember last time, the department body that facilitates the election and related stuff was hacked and the personal infos of some citizens where leaked. So I won't trust them the future of my investments.
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asebaby
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October 14, 2017, 02:51:36 PM |
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Some Government has drawn its attention to all banks and other financial institutions to Bitcoin.Government require the following regulations namely: 1 :Ensure that you do not use,hold, trade and/or transact in anyway in cryptocurrencies 2: Ensure that existing customers,that are virtual exchangers have AML/CFT control. 3:Relationship should be discontinued if banks and financial institutions are not satisfy with the control of transactions. This virtual exchangers includes bitcoin.
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