weblouartisan
Full Member
 Offline
Activity: 448
Merit: 100
Lets Go Adab
|
 |
May 25, 2018, 09:12:05 PM |
|
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
Market regulations today is just fine because most of the people are still investing a huge amount or using markets to hold their coins, it only means that the security is still improving. |
|
|
|
|
|
|
Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
|
futuret
|
|
May 25, 2018, 10:33:46 PM |
|
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.
It sounds terrible man. Market regulations are not good for they will limit the services Bitcoin offers. Government would be able to alter the prices or the supply of the coins and might even implement tax on earnings that comes through Bitcoin. Having said that, I feel very bad about it but I hope the government has no intention of entering the crypto market or implementing any kind of regulations. |
|
|
|
|
|
n0ne
|
|
May 25, 2018, 10:38:43 PM |
|
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
Market regulations today is just fine because most of the people are still investing a huge amount or using markets to hold their coins, it only means that the security is still improving. I never think that the market regulation is fine and it is much needed. From my thoughts, the way it was found before more regulations seems to be good growing than growing along with the different forms of regulatory compliance. It is also a reason for the unbalanced growth. |
|
|
|
sevenbits
Member
Offline
Activity: 166
Merit: 12
|
|
May 25, 2018, 10:43:17 PM |
|
It all depends on who is regulating the market and with what purposes it is done. in many countries now, for various reasons, governments limit the development of crypto. Perhaps they will find a way to integrate crypto not to the detriment of their interests, but it is not known how this will affect the market.
|
|
|
|
|
richardsNY
Legendary
Offline
Activity: 1232
Merit: 1091
|
|
May 25, 2018, 10:44:49 PM |
|
I feel very bad about it but I hope the government has no intention of entering the crypto market or implementing any kind of regulations.
If I was you I would start getting used to more regulations, because we'll be seeing loads of them make it to crypto land in the coming years. It's a necessary process allowing Bitcoin to become that asset people want it to become. Everyone talks about how they want professional traders and banks to enter this space, but that requires regulations. Bitcoin has grown too large to not become a heavily regulated market as a whole. It's no longer mainly a niche, and I'm happy that it made this step forward. People are hypocrites mostly. They want Bitcoin to keep growing, but don't want it to become regulated. It's an impossible combination with how governments aren't keen on losing control. |
|
|
|
|
rickadone
Legendary
Offline
Activity: 1176
Merit: 1024
|
|
May 26, 2018, 12:31:27 PM |
|
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.
Seriously ? That is pretty funny because how really do you think that would end up being pulled off making our own policies without the government having a say and where is the central authority going to be coming from ? That is very unrealistic and something that obviously cannot happen. It is a decentralized space and if there would ever be any regulation, it would end up coming from the government of each country, but that does not change the decentralization aspect of any cryptocurrency and the activities are the only things being monitored. |
|
|
|
|
|
Hirameki
|
|
May 26, 2018, 12:55:27 PM |
|
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 believe that the regulation that will be done is to avoid the usage of cryptocurrencies to illegal activities like tax evasion and money laundering. I think that they will preserved what bitcoin is which is a free market and if they do something about it, I will strongly disagree to the regulation. |
|
|
|
|
iyan33
|
|
May 26, 2018, 01:09:13 PM |
|
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 bitcoin economy is badly needed, because with the bitcoin of the world economy is strongly influenced. The Influence of Bitcoin In The World Economy the increasing globalization of the world economy is accompanied by rapid digital technology, the public need for speed, ease and security of financial transactions is increasing. So required payment system that is reliable and easy. One of its bitcoin this |
|
|
|
|
FrueGreads
Legendary
Offline
Activity: 1582
Merit: 1059
|
|
May 26, 2018, 02:00:39 PM |
|
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 understand what you are saying but I think regulation is a necessary evil. Bitcoin can't be used as a currency if it's not regulated. It's not like we will just start rejecting governments in our society. We are built that way, and we need government approval. Of course they are not dictators, and they can't just do what they please, so we will have a word to say on how regulation is done. Basically I believe that a middle term needs to be encountered for BTC to work. I don't think bitcoin will impose itself in our lives, it will be regulated so that all parties are satisfied and able to use it with all it's potential, and without any harm. There are also some trust issues regarding BTC, and regulation could just solve that, resulting in more adoption. If regulation is done right, I think it's a good thing. |
|
|
|
|
Apple Mac
|
|
May 26, 2018, 02:28:55 PM |
|
Anyway, it would be appropriate to have several non-profit organizations to be so-called market-regulators. It may increase the trust for newcomers, I guess.
Yes it is but it prolongs the process and process makes waiting time longer and Ihink its kind of bad thing since we chase the better state of price and if they will hold the distributions and make regulations very strict About the payments and transactions, I dont really agree with kyc due to the fact that not everyone has the legit papers like passport and license especially for those less fortunate who tries their luck here, it's kinda unfair to me since I am just a student . |
|
|
|
|
okala
|
|
May 26, 2018, 02:30:58 PM |
|
Yes, I think bitcoin and blockchain technology should be regulated in other to bring sanity into the market. A lot of scamming activities are on going and we are to support governments and regulations authorities to put eye on those evils people that want to scam people using this wonderful technology.
|
|
|
|
|
|
0t3p0t
|
|
May 26, 2018, 02:54:14 PM |
|
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 best thing is that the government will leave the system as is it is because Bitcoin is in a decentralized blochain technology based system that does not requires regulation. Governments wants to control everything here in this world and that is against our privacy and rights. They should only regulate ICO's not Bitcoin system as a whole because it is so impossible to happen. |
|
|
|
Blekok001
Newbie
Offline
Activity: 47
Merit: 0
|
|
May 26, 2018, 04:14:53 PM |
|
Will never happen…!!!!!
Bitcoin, which is part of the crypto world, will never allow the involvement of a third party in this case we call it a governing government because of its decentralized nature.
I strongly believe that if any intervention the government will think only to take their profits without thinking of the benefits of its users by taking part in the form of "TAX", this is what Bitcoin users do not want and will have an impact on reducing the number of Bitcoin Users.
|
|
|
|
|
Chaki
Jr. Member
Offline
Activity: 196
Merit: 1
|
|
May 26, 2018, 04:21:09 PM |
|
It's hard to say what will happen if some law are going to be approved on the government, laws that provide security on investors is good and some laws to make sure ICO project is legal and not going to scam is also better.
|
█▄█▄█ ⚷ ROCATI ⚷ █▄█▄█
First Cryptocurrency Linked to a Tangible Asset: Real Estate Properties
https://www.rocati.net/ |
|
|
laravuemaster
Full Member
Offline
Activity: 378
Merit: 100
When Football meets Crypto
|
|
May 26, 2018, 05:22:41 PM |
|
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 market regulations is fine for me, the transaction fee's is just decent in order to compensate the security and that is the reason why there are banks today who are getting popularity, its all because of their security system. |
|
|
|
|
BChydro
|
|
May 26, 2018, 09:50:01 PM |
|
Market regulations today is just fine because most of the people are still investing a huge amount or using markets to hold their coins, it only means that the security is still improving.
I am not sure how regulation will improve the security of bitcoin, even with all the regulations, if an exchange is hacked you will end up loosing all your coins unless the exchange is insured. I would like to see a market without much regulation but it is bound to happen one time or another, so i expect the regulations to come into full effect in a couple of years globally. |
|
|
|
|
Mr.ZODIAC
Member
Offline
Activity: 336
Merit: 11
|
|
May 26, 2018, 09:53:01 PM |
|
Market regulations today is just fine because most of the people are still investing a huge amount or using markets to hold their coins, it only means that the security is still improving.
I am not sure how regulation will improve the security of bitcoin, even with all the regulations, if an exchange is hacked you will end up loosing all your coins unless the exchange is insured. I would like to see a market without much regulation but it is bound to happen one time or another, so i expect the regulations to come into full effect in a couple of years globally. It seems to me that after a while, when the crypto currency will become more legal in most countries, then the impact on the market will be even greater. then other state-level players will enter into force, which will squeeze out crypto-currencies from the market of ordinary users. |
|
|
|
|
jaysabi
Legendary
Offline
Activity: 2044
Merit: 1115
★777Coin.com★ Fun BTC Casino!
|
|
May 28, 2018, 12:45:37 PM |
|
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.
It sounds terrible man. Market regulations are not good for they will limit the services Bitcoin offers. Government would be able to alter the prices or the supply of the coins and might even implement tax on earnings that comes through Bitcoin. Having said that, I feel very bad about it but I hope the government has no intention of entering the crypto market or implementing any kind of regulations. "Market regulations are not good for they will limit the services Bitcoin offers." Market regulations are inevitable and necessary. There are far too many scammers who have stolen far too much money in the absence of regulated exchanges. There may be a small decrease in service providers who won't go into business because of the regulations, but this is a small price to pay for providing confidence and accountability in the system. "Government would be able to alter the prices or the supply of the coins..." False. The government wouldn't and couldn't do this. To suggest they could is to announce you don't understand how Bitcoin works. "... and might even implement tax on earnings that comes through Bitcoin." Hate to be the one to break this to you, but this is already in place. You are required to pay tax on your Bitcoin earnings, both in terms of earnings and capital gains. |
|
|
|
1Referee
Legendary
Offline
Activity: 2170
Merit: 1427
|
|
May 28, 2018, 03:28:26 PM |
|
It seems to me that after a while, when the crypto currency will become more legal in most countries, then the impact on the market will be even greater. then other state-level players will enter into force, which will squeeze out crypto-currencies from the market of ordinary users.
That will definitely happen, and I am sure this process has already started. In no shape or form do I think the peak of last year was genuine. It was nothing more than an artificially created hype (likely funded by institutions) in the runup to the future markets that would be going live. The massive correction afterwards is where the so called squeeze out happened. People don't realize it, but they are in this market before institutions, which isn't something that happens frequently. It probably won't ever happen again, so praise yourself for owning Bitcoin. Selling coins means handing over your coins to the elite that will sell you back only a fraction of the coins you sold in recent times, but for the same amount of fiat. Don't feed the elite that you are trying to avoid in the regular economy.  |
|
|
|
|
Boldcom
Newbie
Offline
Activity: 149
Merit: 0
|
|
May 28, 2018, 03:33:00 PM |
|
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
no! no! no! bitcoin should not be regulated. it is very impossible as well. as we all know government will always find a way to sow what we plant, it shouldn’t work that way in bitcoin. |
|
|
|
|
|
