Bitcoin and Regulations

[Opquar]

Honestly, Regulations of Bitcoin by government makes no sense. What really do they want to Regulate?

I'd bet what they mean by "Regulations"  is the ability to have total control of Bitcoin or better still the ability to Manipulate price, split, control and confisticate your Bitcoin whenever they want.

It's honestly not as much regulation as it is taxation. They want a hand in that money flow.

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[gribble]

Honestly, Regulations of Bitcoin by government makes no sense. What really do they want to Regulate?

I'd bet what they mean by "Regulations"  is the ability to have total control of Bitcoin or better still the ability to Manipulate price, split, control and confisticate your Bitcoin whenever they want.

It's honestly not as much regulation as it is taxation. They want a hand in that money flow.

Yes the government is always thinking about the money from their people. Even on Europe no needs regulation for bitcoin and the government can not take the taxes from the bitcoin, due to In Europe, Bitcoin is a very small niche market. That situation has remained rather stagnant for quite some time now. Mario Draghi States There’s no Need for Bitcoin Regulation in Europe Right now https://t.co/l0pfU1RXU6 the regulation of bitcoin on Europe will be the problem.

[avikz]

The most dangerous attack against Bitcoin is the "carrot": the promise of respectability. The cryptocurrency community wants the blockchain and its currencies to be widely accepted. Some want to expand freedom on an individual-by-individual basis until liberty wins the world. Others believe their holdings and investments will soar in value as governments and institutions become users. And respectability is viewed as the key to increasing value.

Unfortunately, “respectability” is becoming a synonym for “state-sanctioned” when the two terms should be viewed as antonyms. Bitcoin was needed precisely because governments and their associated institutions were looting the wealth of the average person through currency manipulation, inflation, obstructive regulation, taxes and other financial sleight-of-hand. They shut people out of prosperity through licensing, patents, artificial credit and investment restrictions, monopolies and other self-serving obstacles. Governments are the problem; they are not the solution and they never will be. They are the Power side of “the great conflict which is eternally waged” for Liberty. State sanction should mean “shame” and not “respectability.”

An added insult is the clear implication that freedom is not respectable, that freedom and respectability are in conflict with each other. This is a false dichotomy. The opposite is true. Nothing is more respectable than the sight of human beings dealing peacefully and honestly with other to mutual advantage. What governments contribute is violence or the threat of it.

The material is taken from here...

We all want Bitcoin to one day be part of the mainstream but along the way it can mean compromises with the government that can be also concern that they can't control and manipulate the whole thing so they come up with regulations on its use and movement. There are , of course, many grounds why would the government want to put up  regulations and some can be valid while others can be creepy (though of course they are not showing them).

Now, am wondering, if we go for regulations...does it mean we are actually making the Bitcoin movement less potent and possibly compromise the very reasons why it is existing?

Probably yes or probably not! But there is one thing for sure that government can't control the bitcoin. They can probably put taxes on it and put heavy regulations for the businesses built in bitcoin platform. But they can't control it. Governments can ban it or legalize the bitcoin in their country. They can also choose to remain silent as well. However, if government start taxing on bitcoin, it will be a good move towards its legalization. Bitcoin users worldwide are still unsure about the legal status of bitcoin and I am sure they won't mind paying a little tax on the bitcoin earning. So if a government start taxing on bitcoin earning, it will be a win-win situation for both of us. Government will earn money and bitcoin users will have peace of mind. But controlling bitcoin by a government is not an option. 

[Jeger.Kiting]

in my country anything to do with a project or a foreign company must follow the rules of government in my country. let alone this is related to the digital currency is bitcoin. surely every country will interfere with this bitcoin. because this will affect the income of citizens

Well, it all depends on each country, maybe in your country is allowed to Bitcoin, but in other countries not necessarily Bitcoin allowed, then let the country to show Bitcoin can be useful all over the world.

[HasHe]

Definitely,bitcoin has given financial freedom as well as freedom from the hands of the government to people by providing P2P system of transaction.People enjoy freedom by using bitcoins until it gets legalized and regulated by the governments.But unfortunately,we have to accept that we would have to loose this freedom when bitcoin gets regulated.

But still,unless we spend our bitcoins or convert it in to cash,it is still out of the reach of government's hand.But still,it would be a very hard work for government to regulate bitcoin exchanges and trace each and every transactions.That's why china and russia have taken a stand totally against bitcoin.

[Pursuer]

Definitely,bitcoin has given financial freedom as well as freedom from the hands of the government to people by providing P2P system of transaction.People enjoy freedom by using bitcoins until it gets legalized and regulated by the governments.But unfortunately,we have to accept that we would have to loose this freedom when bitcoin gets regulated.

But still,unless we spend our bitcoins or convert it in to cash,it is still out of the reach of government's hand.But still,it would be a very hard work for government to regulate bitcoin exchanges and trace each and every transactions.That's why china and russia have taken a stand totally against bitcoin.

being regulated doesn't necessarily mean losing freedom. even when regulated bitcoin will remain decentralized and you will have the freedom that you had before. look at Japan for example. they have already regulated bitcoin and people have even more freedom than they had before the regulations! and now the adoption has even grown because of it.

of course with regulations there will be rules that will restrict those who want to use bitcoin for illegal activities. so that kind of freedom will be restricted.

[Visbay]

Honestly, Regulations of Bitcoin by government makes no sense. What really do they want to Regulate?

I'd bet what they mean by "Regulations"  is the ability to have total control of Bitcoin or better still the ability to Manipulate price, split, control and confisticate your Bitcoin whenever they want.

It's honestly not as much regulation as it is taxation. They want a hand in that money flow.

Well in my opinion regulation is important for bitcoin first when bitcoin become regulate in any country so both the parties will bound for tax which is a good thing for both bitcoin can also get profit from regulation by any country if still some people have doubt in their mind about bitcoin so it will be also clear and they will join easily because they will be satisfied that bitcoin is tax payer and they will invest as much as they can there are a lot of benefits as well with regulation.

[novhitadaloma]

The most dangerous attack against Bitcoin is the "carrot": the promise of respectability. The cryptocurrency community wants the blockchain and its currencies to be widely accepted. Some want to expand freedom on an individual-by-individual basis until liberty wins the world. Others believe their holdings and investments will soar in value as governments and institutions become users. And respectability is viewed as the key to increasing value.

Unfortunately, “respectability” is becoming a synonym for “state-sanctioned” when the two terms should be viewed as antonyms. Bitcoin was needed precisely because governments and their associated institutions were looting the wealth of the average person through currency manipulation, inflation, obstructive regulation, taxes and other financial sleight-of-hand. They shut people out of prosperity through licensing, patents, artificial credit and investment restrictions, monopolies and other self-serving obstacles. Governments are the problem; they are not the solution and they never will be. They are the Power side of “the great conflict which is eternally waged” for Liberty. State sanction should mean “shame” and not “respectability.”

An added insult is the clear implication that freedom is not respectable, that freedom and respectability are in conflict with each other. This is a false dichotomy. The opposite is true. Nothing is more respectable than the sight of human beings dealing peacefully and honestly with other to mutual advantage. What governments contribute is violence or the threat of it.

The material is taken from here...

We all want Bitcoin to one day be part of the mainstream but along the way it can mean compromises with the government that can be also concern that they can't control and manipulate the whole thing so they come up with regulations on its use and movement. There are , of course, many grounds why would the government want to put up  regulations and some can be valid while others can be creepy (though of course they are not showing them).

Now, am wondering, if we go for regulations...does it mean we are actually making the Bitcoin movement less potent and possibly compromise the very reasons why it is existing?

I think the government will strongly agree, if later on the tax management carried out.

[moneycrypto]

The government is not going to ask us if we want to have Bitcoin regulated or outlawed - there is no official representative, no Bitcoin CEO, no Bitcoin citizens that could vote - regulations are going to happen regardless of what community wants. But everyone will have a choice - either to comply with regulations, pay your taxes, reveal your identity or use Bitcoin on gray markets. Bitcoin is like cash of the Internet - you are free to spend it however you like and no one can block your transactions unless you are using online wallets.

as per me regulation on bitcion make it centralized the main purpous of bitcoin isto make the wealth de centralised so that only you have can control over your wealth.
But there are some govments like india chaina bangladesh wants to have cerculations on it.Still this is early days for bitcoin but if it grows in the same rate as it is now surely other govment will come in play and willing to control it as well.