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Author Topic: How do you feel about market regulation?  (Read 2495 times)
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April 04, 2018, 09:46:21 PM
 #21

There's been a lot of talk about submitting the Bitcoin economy to governmental regulation and, frankly, it scares the hell out of me. One of the reasons I'm so excited about Bitcoin is because it presents the same promise of a fully free market that cash does without all the problems surrounding a fiat currency.

Personally, I am strongly against Bitcoin regulation. I believe the market is completely capable of caring for itself and regulation would simply expand government intrusion into people lives. I can see no benefit and a lot of detriment.

What do you think? Do you think the Bitcoin economy should be regulated? If so, to what extent?

Rage
In technical aspects bitcoin cant really be controlled out but when it comes to the services that involves bitcoin can really be controlled or regulated which means it is still being under the government regulation.There might be some hidden transactions can be done outside those services which is still good.I do see that regulation do have positive and negative effects into bitcoin market.We dont like regulation but talking about it between banning then i would choose regulation instead.

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April 05, 2018, 03:20:01 AM
 #22

I think the intervention of government will certainly be disliked by the users. The main USP of bitcoin is that it is decentralised. And now getting am authority, that too the government itself would be a set back for bitcoin.
The intrusion from government wouldnt be taken with good spirit I think.

We already have fiat money and bank for that purpose. The difference and the distinction that bitcoin have over fiat would juts be eliminated. It will turn into the online version of paper money, thats it.
It would be best kept decentralised. The algorithm and the whole anti-inflationary system is capable enough to handle itself.
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April 06, 2018, 11:33:45 AM
 #23

There's been a lot of talk about submitting the Bitcoin economy to governmental regulation and, frankly, it scares the hell out of me. One of the reasons I'm so excited about Bitcoin is because it presents the same promise of a fully free market that cash does without all the problems surrounding a fiat currency.

Personally, I am strongly against Bitcoin regulation. I believe the market is completely capable of caring for itself and regulation would simply expand government intrusion into people lives. I can see no benefit and a lot of detriment.

What do you think? Do you think the Bitcoin economy should be regulated? If so, to what extent?

Rage
In technical aspects bitcoin cant really be controlled out but when it comes to the services that involves bitcoin can really be controlled or regulated which means it is still being under the government regulation.There might be some hidden transactions can be done outside those services which is still good.I do see that regulation do have positive and negative effects into bitcoin market.We dont like regulation but talking about it between banning then i would choose regulation instead.
but with regulation and listing into the commodity market, i think more investors will join because they can feel secure with the legal protection from the government. so it will have a nice effect on the bitcoin price.

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April 06, 2018, 12:20:00 PM
 #24

Never ever. And impossible. Period.
 Thank you Smiley.
I think they used to improve their regulation in the market so that we are consistent in terms of buying and selling acrypto coins.They make this also as their plan so that the market will keep in strong forever.
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May 19, 2018, 07:04:30 PM
 #25

I am absolutely delighted that the market regulation agree with the legality of using and owning electronic money; the transparency and effectiveness of public administration through the use of blockchain , and recognizes the independence of the role of a nation that we would like to have in this creative industry.
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May 19, 2018, 07:16:21 PM
 #26

I am absolutely delighted that the market regulation agree with the legality of using and owning electronic money; the transparency and effectiveness of public administration through the use of blockchain , and recognizes the independence of the role of a nation that we would like to have in this creative industry.
I do not see any transparency coming from the government simply because of this technology, i like the free market concept but it is not possible since there are many frauds who will try to take advantage of the situation and because of that regulation is a necessary thing so that bad players wont enter the market, if the governments around the world accept the blockchain technology and make a transparent governance it would be revolutionary.



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Kizaki
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May 19, 2018, 07:22:54 PM
 #27

There's been a lot of talk about submitting the Bitcoin economy to governmental regulation and, frankly, it scares the hell out of me. One of the reasons I'm so excited about Bitcoin is because it presents the same promise of a fully free market that cash does without all the problems surrounding a fiat currency.

Personally, I am strongly against Bitcoin regulation. I believe the market is completely capable of caring for itself and regulation would simply expand government intrusion into people lives. I can see no benefit and a lot of detriment.

What do you think? Do you think the Bitcoin economy should be regulated? If so, to what extent?

Rage

I think the way how crypto system works right now is just fine. However, I think as cryptocurrency is gaining government's attention, it will be slowly regulated but I think in a good way. The government will most likely should regulate ICOs as we all know that there are a lot of ICOs that are scamming investors. If ICOs will have some legal requirement before the ICO stage, I think the chance of getting scammed in ICO investment will be less likely to happen.

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May 20, 2018, 08:05:40 AM
 #28

Regulations will be on the part fiat/crypto exchange, i'm afraid all countries will try to control it. But crupto exchange and transactions - it is impossible to regulate it.
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May 20, 2018, 08:37:40 AM
 #29

Yes, I believe that the crypto-currency market should be regulated. But not by governments of individual countries, but by the members of the crypto community themselves. It is those people who are really versed in Bitcoin and other crypto-currencies, are able to make decisions to provide better conditions for themselves. Governments pursue other goals. While those people who directly deal with crypto-currencies know what will be better for participants in the crypto-currency community.
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May 20, 2018, 12:00:33 PM
 #30

Yes, I believe that the crypto-currency market should be regulated. But not by governments of individual countries, but by the members of the crypto community themselves. It is those people who are really versed in Bitcoin and other crypto-currencies, are able to make decisions to provide better conditions for themselves. Governments pursue other goals. While those people who directly deal with crypto-currencies know what will be better for participants in the crypto-currency community.
It is a good thought to self regulate the entire market, but it is not that easy with this market as it does not have any boarders but countries could regulate the market according to their jurisdiction, moving forward regulation is inevitable but i personally do not like these regulations but i would like to see the ICO market regulated so that there will be no more scams.














 

 

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May 20, 2018, 12:14:11 PM
 #31

This is just my thought, cryptocurrency market cap already reach more than 300billions dolar and its involving big money and involving many people in various country, regulation on cryptomarket is a must because it will at less to protect peoples money from being fraud

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May 20, 2018, 12:28:24 PM
 #32

If bitcoin wants to enter a country or be accepted around the world definitely bitcoin will be governed by the state or government. Because after all, bitcoin can not bring its own rules into a country, it will create financial and economic turmoil.
I think setting bitcoin is also needed so bitcoin is in tune with other currencies and can grow faster.
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May 20, 2018, 11:55:25 PM
 #33

It would be better if bitcoin doesn't get regulated.But no government would be ready to allow it to continue without regulation.But we should also not forget that Japan government's regulation has made it widely accepted in Japan.

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May 21, 2018, 12:40:19 AM
 #34

It would be better if bitcoin doesn't get regulated.But no government would be ready to allow it to continue without regulation.But we should also not forget that Japan government's regulation has made it widely accepted in Japan.
What?japan does regulate bitcoin instead they adapted this and make their own currency ,this is what we need but more opposition here are against this becauseof taxation that might implementing if regulation started,they dont want income to be lessen by tax as if its not an obligation of every individuals than gaining invome to pay the goverment of theyre shares

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May 21, 2018, 01:56:46 AM
 #35

Regulations will be on the part fiat/crypto exchange, i'm afraid all countries will try to control it. But crupto exchange and transactions - it is impossible to regulate it.

Yes, most of the governments want to regulate the money going into crypto exchanges so that they know who is investing and can put taxes to it. But they can't regulate crypto to crypto exchanges. I feel it may help some extent because currently many investors are scared to invest their money because they are worried that governments can ban cryptos but if they regulate it then it can bring more investors to the market. It has both good and bad but from the long-term point of view, I feel that regulation may be a good option.

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May 21, 2018, 02:05:55 AM
 #36

Regulation goes against the core values of Bitcoin. No way we can regulate a global decentralized infrastructure. Who would be the global authority setting those regulations? In my opnion it should vontinue to be us, the people who use it and maintain it. Once Bitcoin and other cryptocurrencies get stablished I think that law enforment of each country will create strategies to combat crimes such as money laundering and terrorism  funding. For now the technology is just so new that law enforcement and government are just beginning to understand it. No matter how much regulation was created before to eradicate fiat  money crimes from happening it was never completely successful. Money crimes continue to happen using fiat currency and often involving bank executives  as well. So please lets keep things as is, unregulated and allow the technology to evolve and the devs to work. I am pretty certain that we the people will end up solving many of this problems much better than regulations ever will.

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May 21, 2018, 03:12:03 AM
 #37

Most of the countries are heading for regulation of the cryptocurrency exchanges. Some people consider regulation as a form of legalizing bitcoin and other cryptocurrency because it allow the use of the virtual but coins subject to some rules. I'm not against regulations as long as it is not strict and the right of buyers are not curtailed.

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tuikindu
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May 21, 2018, 03:47:03 AM
 #38

Market regulation is inevitable, the government could not let the currency under the conditions of no regulation, but depends on the government's attitude, if keep the attitude of the support, the regulation will let more people to join encryption currency.
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May 21, 2018, 04:57:55 AM
 #39

Market regulation is inevitable, the government could not let the currency under the conditions of no regulation, but depends on the government's attitude, if keep the attitude of the support, the regulation will let more people to join encryption currency.

I agreebwith what you said. Regulation of bitcoin cannot be avoided. Maybe the regulation would be up to the transactions. It could also be all up to the government of what or to what extent their regulations will take. But as long as it will help us to be protected from bad people who scam, I think it would be okay.
devinks
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May 21, 2018, 05:00:59 AM
 #40

Most of the countries are heading for regulation of the cryptocurrency exchanges. Some people consider regulation as a form of legalizing bitcoin and other cryptocurrency because it allow the use of the virtual but coins subject to some rules. I'm not against regulations as long as it is not strict and the right of buyers are not curtailed.
the legality for cryptocurrency now is very necessary in my opinion because indeed everyone hopes to invest comfortably so they can get a sense of security in the investment they are doing

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