How do you feel about market regulation?

[Kolly]

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 that regulations would be good to the the market. Lots of people are afraid to invest because of uncertainties but if governments would regulate it then it would somehow eradicate the fears of investors.

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[gambitcoin53]

Good question OP.

Bitcoin should not be regulated in any way, period. However, it will be, and this doesn't bother me because deep down it cannot be regulated and we know that. So let the stupid senators make their laws regarding the exchanges and money laundering and blah blah blah. The fact that I can keep my coins secret, on a thumb drive, and transfer them across the world with nobody knowing means I care not what laws are plastered upon Mt. Gox.

And strategically speaking, if the politicians go ahead and regulate parts of bitcoin, it will lend it legitimacy and help it become even more ingrained in the economy. It will build and build. This is much better than if the politicians outlaw it fully... and we know they'll either regulate or outlaw, so I prefer the former.

And again, we know the meaningful essence of btc cannot be regulated anyway

i strongly agree, even they try to regulate it in whatever means, still they cannot, the whole system is designed to be decentralized, changing it would destroy the very essence of its platform, the algorithm is finite, they can try to decipher the series of numbers but they will not succeed. especially now that the users are exponentially increasing, hundreds of transactions per seconds, even the smartest computers cannot identify the users.

[Caradoc Moore]

You know about the G20 meeting, which is the forum of the 20 major economies of the 19 largest economies and the European Union. The meeting went to the unification of the country for regulatory issues, the management of electronic money market!

[osh5]

I feel if the government intervention does any good to the transactions and working with Bitcoins then it could prove advantageous to the users. Users have been concerned for the security issues majorly so government can charge a fixed amount on each transaction from users and in return can use this money to provide secure services to them.
On the other hand if the government intervention is for no good and it interferes with the users services and Bitcoin rules it wont be a very good idea to have it.
The main point is government should utilise the technology and promote it further so that Bitcoin can build trust and more value over time rather than suppressing it's working with its own regulations and protocols.

[queenlaurel]

Market regulations has its positive and negative sides, one of which if regulated it may cause some forms of restrictions to function regularly on Bitcoin, and again it will be good for those fake people and scammers out to gain from innocent people.

[mimienamphine]

For the market, regulations are only structures that they are trying to put in place to frustrate the widespread and acceptance of the cryptocurrency that is reaching all the corners of this world and gaining wide use and acceptance around the globe.

[thomas daniel]

The coin ICOs market can become an effective method of payment. Moreover, the market agrees to review existing laws and consider whether it is appropriate or necessary to allow banks and capital markets to become dynamic component of the asset coding market.

[Ilegendph]

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

The regulation itself is needed so that the government will have an issurance that their citizen would not use cryptocurrrency for illegal activities such as fraud and tax evasion. I believe that the regulation will not affect ordinary bitcoin earners.

[Park Minseo]

"The Bank of England governor and head of the Financial Stabilization Board (FSB), Mark Carney, told G20 members that electronic money is "not a danger" to the world economy." I was not worried about anything because it would affect the market rules with bitcoin.

[Cointertrade]

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

Well we don't still know the fact or reason why they regulate the bitcoin economy well in fact it really benefited a lot of people when it comes to financial. Rather than regulating this we should be thankful that there us bitcoin who help a lot of people to have a high economic status and with that we can solve the problem called poverty.

[endut15]

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

actually the rule is also necessary, because for the good of bitcoin development then the rules should be set so that everyone does not misuse bitcoin as they like, because it is also very influential in increasing the current bitcoin current

[Dudeperfect]

Well, if we call it the blockchain based technology which relies on the principle of decentralization then it should be free from any type of control of the third parties. Practically, there is no way to control or regulate it but if legalized then we can bring it into the flow of regular financial channels making it more accessible for everyone and ultimately resulting in the optimization of the global economy. So I am against regulation but I support legalization of Bitcoin and other cryptocurrencies out there.

[gaxfrwpy]

I don't think it's necessary to be afraid of regulation, the government can't get strict control, and it's impossible to control bitcoins severely because the digital currency is circulating all over the world. I think it is good for the government departments to formulate some related specifications of bitcoin.

[biboy]

I don't think it's necessary to be afraid of regulation, the government can't get strict control, and it's impossible to control bitcoins severely because the digital currency is circulating all over the world. I think it is good for the government departments to formulate some related specifications of bitcoin.

It is normal so I don't bother to be worried all the the time that price is going down, I am just checking the price so I'll know if I am going to withdraw or not, so for me it is up to us how we are going to treat market, but if we will  let the downtrend panic us I don't think we can will all the time.

[Stephen1989]

personally think that regulations over the exchanges would be a positive thing as it would give Bitcoin a more respectable appearance from the point of view of a lot of people. And once Bitcoin goes big politicians will have a hard time taking it down. Also, its not like we have a choice: when the government comes down to regulate the exchanges, what are they going to say? No thanks, we want to remain unregulated... I can almost hear the laughter of the regulators. So, as it is going to happen anyways, at least trying to work how it is done.

[Tylev]

You can regulate the circulation of bitcoin inside the country and the procedure for its exchange and use on exchanges, exchangers, banks, etc. You can regulate the procedure for its taxation, ICO. This is entirely permissible. However, one should not allow states to try to regulate the basic principles of the existence of bitcoin - decentralization, relative anonymity, confidentiality and some other of its technical characteristics.

[Sidiq SP]

the market regulation in this case about bitcoin should be very simple, in my opinion, bitcoin was originally designed to simplify complicated systems made simple, and for my bitcoin regulation also less agree on this matter, the more restricted and regulated it will even cause new problems that I think increasingly make ourselves less comfortable, here is my opinion about this

[jaysabi]

Man, these super old threads are fun to read today with all the benefit of hindsight and knowing how things have developed over the past 7 years since the OP. All these people saying Bitcoin regulation is bad and impossible sure turned out to be wrong. We know it's not only possible but definitely coming and for the better. There's one post on the first page about not caring what regulations get put on Mt. Gox, and boy does that seem stupid now. Regulations on Mt. Gox would have required much more stringent accounting practices and regulatory controls and would have likely prevented the loss of all those Bitcoins. The fact of the matter was that the exchange was set up by people who had no business running an exchange and nobody knew any better exactly because it wasn't regulated. Exchanges now actively seek to be regulated because that's how customers know they can trust there's oversight and will be responsibility if anything goes wrong, and people ought not to trust any exchange that seeks to avoid being regulated.

[Btcallans]

It seems that only government could benefit if this thing could really happen.

[bitcoin2048]

I feel quite easy, because I still have my regular job, and even if market will go down on and die completely, I will survive