bazzais
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November 24, 2018, 03:24:50 AM |
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The reason it has to be regulated is because its sold by the few to the many under the guise of investment - when really its like betting on a horse. The money has to come from somewhere - its doesnt grow on a tree. It doesnt have any 'value' at all as no real work has gone into it (in terms of the after effects, not the running) I suspect that the OP just doesnt want to pay any tax, ie in it for yourself lifelong, doesnt want to make any input to a wider society and save for a big fence? I am not into anarchy, I am too weak and feeble.  There should be a 'tobin tax' - payed by the exchange - a bit like how the gambling industry works here in the UK - they cercumvent most taxes but have to contribute through direct taxation to access the 'cattle market'. |
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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biskitop
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November 24, 2018, 03:33:37 AM |
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regulation will actually make the government add some work that they must regulate about the market situation and how they can calm the public and overcome some problems if someone loses. and because of that busyness, surely the government will impose a tax for each bitcoin transaction and that will be burdensome for us. I agree, that bitcoin can maintain itself, so there is no need for regulation from the government. there might be other opinions.
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Indai24
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November 24, 2018, 03:55:17 AM |
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regulation will actually make the government add some work that they must regulate about the market situation and how they can calm the public and overcome some problems if someone loses. and because of that busyness, surely the government will impose a tax for each bitcoin transaction and that will be burdensome for us. I agree, that bitcoin can maintain itself, so there is no need for regulation from the government. there might be other opinions.
For me it would be best to implement regulations still, even if bitcoin can handle itself however this will help us also maintain and protect its name. I know there a lot of individuals who's not okay with it but for me this is the best. |
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bazzais
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November 24, 2018, 04:09:07 AM |
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You cant tax 'bitcoin' - you can only tax or refund tax on the profits or losses made by the individual based on the country they live in - and these systems are already in place but just dont have the correct scope or ability or intelligence to do so - most tax relies on honesty. You can years or even a lifetime without an inspection from the tax office as they dont know shit, especially if your shed accidentally burned down with all your paperwork in it.  Tax is mostly about being up front and paying and reducing paranoia and feeling like your part of a greater good. Regulation is needed because the industry looks like a ponzi scheme - people creating token here and there - people masternoding this and that - wrapping their crap in a bag and selling it for christmas to the desperate |
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deppil
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November 24, 2018, 04:26:35 AM |
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regulation will actually make the government add some work that they must regulate about the market situation and how they can calm the public and overcome some problems if someone loses. and because of that busyness, surely the government will impose a tax for each bitcoin transaction and that will be burdensome for us. I agree, that bitcoin can maintain itself, so there is no need for regulation from the government. there might be other opinions.
I think the government can easily create a special team to handle cryptocurrency regulations for mutual interests. and if it can be beneficial for crypto development why not? regulation in general will make your identity visible but surely there will be large mass adoption after regulation and legalization exist? |
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Adhichan
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November 24, 2018, 04:30:49 AM |
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regulation will actually make the government add some work that they must regulate about the market situation and how they can calm the public and overcome some problems if someone loses. and because of that busyness, surely the government will impose a tax for each bitcoin transaction and that will be burdensome for us. I agree, that bitcoin can maintain itself, so there is no need for regulation from the government. there might be other opinions.
regulation important for certainity about investors money.we didnt expect if someday suddenly government restrict all crypto transaction.and crypto holder could not acces their asset.they will suffering lot of money.so it is not about bitcoin could maintain itself. |
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bazzais
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November 24, 2018, 04:31:47 AM |
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It will be tiny - the team to deal with the latest tax avoidance schemes such as the EFERBS and the like is a handfull - lets not forget although we have money invested cyrpto currency is just a dot on the landscape of financial services - its frickin tiny - minuscule.
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bazzais
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November 24, 2018, 04:33:39 AM |
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bazzais
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November 24, 2018, 04:35:22 AM |
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Thats why its not regulated - cos we as cyrpto - are just a spec of dust
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Seeker#9
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November 24, 2018, 06:15:49 AM |
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Governments can't regulate some cryptocurrencies that are decentralized except ripple and other coins with centralized structure. Only those with centralized structures can be regulated by the government like centralized cryptocurrency exchanges. Regulation is good for those who want to protect the cryptocurrencies from scams, money laundering and other illegal activities but not on restricting people from buying and selling cryptocurrencies.
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chenhaonan
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November 24, 2018, 08:53:26 AM |
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Regulatory may have become a fact in the future, and regulation is also good for cryptocurrencies. When regulators realize that investors can actively invest in ICO projects. The cryptocurrency market may move toward securitization.
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TheClownSong
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solidtradebank.com | 5%-15% Welcome Bonus
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November 24, 2018, 10:38:45 AM |
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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 am agree if cryptomarket regulated by government. With regulation, it will reducing scam project from market and avoid from manipulation price. Bitcoin can not regulated but market can regulated by government because its involving peoples money and rules of the game in market |
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trauchot
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November 24, 2018, 11:27:31 AM |
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I believe that cryptocurrency, like bitcoin, should be regulated by governments, because now in this area a lot of scammers work with dirty money and scammers who make their ICOs and throw people on money. It's one thing that many scammers simply transfer their dirty money and do not interfere with anyone, and another thing is when scammers cheat people through ICO's providence and then go unpunished, so I think that something needs to be done about it. Also, prices are constantly falling and falling, people are losing money due to the fact that bitcoin and the whole cryptocurrency falls in hundreds of times, with this, too, we need to do something. Bitcoin economy will not suffer from this.
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Escf4
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GIGZI - INDEPENDENT WEALTH MANAGEMENT
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November 24, 2018, 12:20:49 PM |
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If the market will be regulated ,so there is no other who will regulate it , the government , so if there is nothing negative about this regulation of cryptocurrency market then its good, we would support it as we support the bitcoin and the entire cryptocurrency.
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GIGZI - INDEPENDENT WEALTH MANAGEMENT
www.gigzi.com |
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lovesybitz
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November 24, 2018, 12:36:58 PM |
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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
Bitcoin we all knows that this was a type of decentralized system and because of its features the mass adaption all over the world was rapidly increased, where it leads bitcoin into popularity. Therefore, it is really hard for the government to regulate it due to its centralization. which means they are opposed to one another and do not match the system in place as well. |
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LeGaulois
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November 24, 2018, 01:35:43 PM |
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Many of you are ok with the regulations but then complain about taxes lol. But why were you sing cryptocurrency in the first place? While others are not ok with the regulations but have no problem to upload their ID card to follow the KYC bullshits.
Accepting regulations is nothing more than a backward to Bitcoin (and crypto generally speaking).
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viananda2525
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November 25, 2018, 02:45:42 AM |
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Many of you are ok with the regulations but then complain about taxes lol. But why were you sing cryptocurrency in the first place? While others are not ok with the regulations but have no problem to upload their ID card to follow the KYC bullshits.
Accepting regulations is nothing more than a backward to Bitcoin (and crypto generally speaking).
many contradictive between the opinion and the fact.they shouting about taxes and regulation but unconcious they doing KYC.meanwhile both of this was unseparate things. |
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squog
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November 26, 2018, 06:41:25 AM |
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Personally I'm ok with crypto currency regulation. This just means that people with vested interests in crypto currency would be protected by tje law and by extension will be prosecuted if found of fraud or any criminal activities involved in such in return for paying taxes. But the thing is it should be pro crypto currency and not just getting taxed without any protection.
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boyz97
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November 26, 2018, 07:08:49 AM |
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Personally I'm ok with crypto currency regulation. This just means that people with vested interests in crypto currency would be protected by tje law and by extension will be prosecuted if found of fraud or any criminal activities involved in such in return for paying taxes. But the thing is it should be pro crypto currency and not just getting taxed without any protection.
and investors become confidence about their money.there are certainity and they would not banned anymore cryptocurrency market.maybe this is the way to boost again bitcoin price and altcoin. |
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