Do we need regulations?

[rushel22]

How do you guys think? Do we need regulations in the crypto world? Should only ICO be regulated or legit coins (not "security tokens") too? Can we implement regulations mechanisms in code so that corrupted governmental institutions couldn't manipulate the industry? Can we still have free market with governments' regulations across the world?

Please, share your thoughts. I'm a bit confused about what's happening right now.

My friend dont make yourself to be worried because it is stressful.Just enjoy life and think always positive.And for regulation this is the best way to make cryptocurrency long last forever.

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[Dansamiv]

I am sure there will be rules and regulations for cryptocurrency in the future. Take a look at what the stock market has suffered. crypto will be harder but the government will still have ways to impose regulations. Crypto will face greater challenges to maintain a broader impact on the community and we are here to support crypto. In fact, the need for clarity is there to remove scam issues on crypto, but perhaps no one cares, because then the value will no longer be a volatile process for greater profitability.

[jademaxsuy]

Of course so that the system will be kept in order the way it is. Some of the members here are good for nothing as they only matter to get the number of post which is being required by the bounty they are joining. That is why one of the regulations being implemented in the system is all about merits. Merits are the things that controlled this kind of post and promote healthy environment for bitcoin system. However, the implementation should have the need from everybody that regulates the posting especially in giving merits. Hopefully that post that are constructively done could get merits. There are some members already asking for it for them to rank up their account so which means there is a need to support them to rank up specifically if they do good posts also. So i guess, the need to implement regulations should have also the need in supporting it.

[josh07]

Certainly we need the rules here at bitcointalk.org because it is the target of scammers so that thereby reduce those people who are victimized by scams excessive amounts of regulations especially on these sites or trade to prevent people from calamity.

[noictib]

How do you guys think? Do we need regulations in the crypto world? Should only ICO be regulated or legit coins (not "security tokens") too? Can we implement regulations mechanisms in code so that corrupted governmental institutions couldn't manipulate the industry? Can we still have free market with governments' regulations across the world?

Please, share your thoughts. I'm a bit confused about what's happening right now.

Not only you but many people are confused whether we are under regulation of the cryptocurrency or not because at one side many people are saying that it is not legal but at the opposite side who are using bitcoin are saying it is also not illegal .
And also governments are saying we will make cryptourrency like to not to spread his market in country but at another side they want to make lots of tax from bitcoin .
So governments and public both of them are reacting from the both side and no one exactly able to understand that what going on in reality .
But still here I guess that this will happen like this and government will take tax for this easily and also they can't stop because this is decentralised cryptourrency .

[Niobeh]

How do you guys think? Do we need regulations in the crypto world? Should only ICO be regulated or legit coins (not "security tokens") too? Can we implement regulations mechanisms in code so that corrupted governmental institutions couldn't manipulate the industry? Can we still have free market with governments' regulations across the world?

Please, share your thoughts. I'm a bit confused about what's happening right now.

I think we need to have regulations to provide a systematic flow of processes and transactions. It will ensure safety, personal well-being and accountability for all bit coiners.

[DaftAjax]

yes need rules and regulations because some terrorism works and fraud works can be happen with the bitcoin.

Actually that might be the case, as cryptocurrency being regulated, the government will have the power to monitor the movement of any coin inside the country's premises. Well if they have the equipment that is.

So you mentioned terrorism, because cryptocurrencies are decentralized we can say that maybe this could be the source of major funds of the terrorists, by some politician. The government is quite have some issues indeed.

I think we need to have regulations to provide a systematic flow of processes and transactions. It will ensure safety, personal well-being and accountability for all bit coiners.

I'm sure it will (sarcastically), well that is if they have the same security measure as those of the 1st world countries like USA. They could easily track those personnel that are seemingly using a large amount of that coin.

Certainly we need the rules here at bitcointalk.org because it is the target of scammers so that thereby reduce those people who are victimized by scams excessive amounts of regulations especially on these sites or trade to prevent people from calamity.

Well, you see this forum is international, meaning the regulation of a country won't have effect whatever misdeeds they did in this platform they will not go to jail. The admins will just have them red trusted.

[CongHoan]

If have regulation btc will loose something unique

[Greenkarki]

If have regulation btc will loose something unique

I agree to it. When regulations are set and commanded to follow, its omitted or disrespected. We live amongst corruption. I understand its individuals responsibility to obey the rules and regulations set. But it does not happen. Just money is enough to eradicate everything. I would say, crypto currencies should be treated unique. It should set up a standard and be a role model for fiats and its handlers.

[Harrow30]

How do you guys think? Do we need regulations in the crypto world? Should only ICO be regulated or legit coins (not "security tokens") too? Can we implement regulations mechanisms in code so that corrupted governmental institutions couldn't manipulate the industry? Can we still have free market with governments' regulations across the world?

Please, share your thoughts. I'm a bit confused about what's happening right now.

I strongly think a regulation should be put in place in the world of Cryptocurrency especially for the ICOs! Not all and sundry; not every Tom, Dick and Harry should be allowed to come into doing ICOs. I feel there must go through a process where they are being scrutinized adequately. So, we can have few ICOs now and then.

[Boknoi321]

Of course so that the system will be kept in order the way it is. Some of the members here are good for nothing as they only matter to get the number of post which is being required by the bounty they are joining. That is why one of the regulations being implemented in the system is all about merits. Merits are the things that controlled this kind of post and promote healthy environment for bitcoin system. However, the implementation should have the need from everybody that regulates the posting especially in giving merits. Hopefully that post that are constructively done could get merits. There are some members already asking for it for them to rank up their account so which means there is a need to support them to rank up specifically if they do good posts also. So i guess, the need to implement regulations should have also the need in supporting it.

We really need regulations to avoid spamming and construct bad words in terms of posting your opinion in the topic we chosen. It will be a peaceful transaction if we have regulation because probably users will not commit any kinds of bad thing. We need to be professional in everything so that this will be a great threads for us. We need to be respected as always so better to have regulations on bitcoin.

[JasmineToken]

I think it's the time to have some kind of international regulation of cryptocurrency to avoid scam ICOs or exchanges. Important for the health of crypto market.

[anzhanbei1214068]

The bitcoin protocol itself cannot be modified, unless almost all users work together to choose which software to use. It is unrealistic to try to grant special rights to a regional governing body in the global bitcoin network. Any rich organization can choose to invest in mining hardware to control half of the computing power of the entire network, thus achieving a freeze and revocation of recent transactions. However, they cannot guarantee that they will always have this ability, because the investment needs to be equal to the rest of the world's miners.


However, it is possible to regulate the use of bitcoin in a similar way to any other currency. Like the dollar, bitcoins can be used for a variety of purposes, some of which can be considered legal, or not in accordance with the laws of each jurisdiction. At this point, bitcoin is tantamount to any other tool or resource, subject to different rules in each country. The use of bitcoins can also be difficult under restrictive rules, and it is difficult to determine how many users will continue to use the technology. The government that chooses to ban bitcoin will hinder the development of domestic enterprises and markets and transfer innovation to other countries. As usual, the challenge for regulators is to work out effective solutions without hurting the growth of emerging markets and companies.

[Techie5879]

Of course regulating bitcoin will be beneficial for both bitcoin and the government, as, since the government will be regulating its usage, they will support and allow citizens to use bitcoins, thus the citizens will be happy with the government and support it. Also, due to mass adoption, the price of bitcoin will become much more stable.
Regulations just mean a kind of supervision that will help to keep a watch on illegal activities with bitcoin, and lets be honest, there have been many. However, the level or amount of regulation has to be kept in mind, as if governments regulate bitcoin too much, then there might be uproar in the BTC community, as bitcoin is a decentralized currency after all, for the people, by the people.

[Alanpigi80]

The only regulation that cryptos needs, in my opinion, is about the ton of scammers spreading in the internet. I don't know how this should be done, but I think that this is an urgent issue and must be fixed soon

[AmberStephenson]

With a huge marketcap, it's time for all countries to regulate with cryptocurrency, if this is allowed then I'm afraid that more and more scammers are making cryptocurrency or ICO, and even the many scammers who wait a long time to make their tricks look perfect.

[King Sastro]

I think it's the time to have some kind of international regulation of cryptocurrency to avoid scam ICOs or exchanges. Important for the health of crypto market.

With the marketcap reaching more than $ 500 billion then it is time for the world to care about cryptocurrency, I'm sure that the growth of cryptocurrency marketcap this year could reach at least $ 5 trillion and if the state does not make the regulation it is feared to be a money laundering place.

[BitcoinTurk]

How do you guys think? Do we need regulations in the crypto world? Should only ICO be regulated or legit coins (not "security tokens") too? Can we implement regulations mechanisms in code so that corrupted governmental institutions couldn't manipulate the industry? Can we still have free market with governments' regulations across the world?

Please, share your thoughts. I'm a bit confused about what's happening right now.

When the regulation is made, what difference will the crypto money from the price? Because cryptography is a liberty in the money market compared to foreign markets, many people have opted to invest in such areas. Of course, it is hard to say how accurate or how healthy this freedom is, but it is not hard to become a crypto money-starter with some luck. Under control of this market will seriously decrease the volume and it will be the most beneficial decision to accept as it is.

[emezh10]

Every now and then we need always a regulations in order to have a proper process or anything else because regulation intends to regulate what people are allowed to do, and I think that in crypto world we need a regulation to have a clearer transactions for all.

Regulation in a specific system is always normal when it comes to having or settling a value with a given state. it means that

Yes in order to lessen or prevent the increasing number of victims and scammers here in the cryptocurrency. Like managing a country everything is based on regulations because without it there will be an outburst or too many conflicts that the other cryptocurency coins might suffer in the future this also one way of lessening the risk.

It is true , regulation is established in order for a specific country to have a better way or system in transaction. Likewise in regulation of bitcoin that could actually help to monitor or somehow balanced the transaction on either buying or selling bitcoin in the market or trading site. It is must yet, bitcoin decentralized system may have a bigger impact on having a regulation in terms of transaction and the whole system of bitcoin.

[jaysabi]

The bitcoin protocol itself cannot be modified, unless almost all users work together to choose which software to use. It is unrealistic to try to grant special rights to a regional governing body in the global bitcoin network. Any rich organization can choose to invest in mining hardware to control half of the computing power of the entire network, thus achieving a freeze and revocation of recent transactions. However, they cannot guarantee that they will always have this ability, because the investment needs to be equal to the rest of the world's miners.

It's actually not hard to alter the protocol, anyone can split off a fork for any reason very easily, and this has been done dozens of times. The difficult part is getting anyone else to use the forked chain and protocol or acknowledging it as the real Bitcoin. I think we've probably seen enough at this point to probably expect that consensus is pretty much impossible. For any major change, there's always going to be some percentage of the users who are against change, and a competing faction that insists either the pre-fork or post-fork is the true Bitcoin while the other side are heretics. You saw this happen with Bitcoin Cash. Both sides claiming they're the "true" Bitcoin. For a decentralized ledger that is controlled by the masses, I guess the only real Bitcoin is what the most people claim it to be. It's all arbitrary, and could change at any time.

But this has nothing to do with regulation. You don't need to control Bitcoin to regulate it.