How is bitcoin supposed to be?

[CDAnggoro]

If you search at the google about bitcoin for criminals, there is a lot.
For example at this link https://www.thesun.co.uk/tech/5092224/criminals-use-bitcoin-for-dark-web-illegal-activity/amp/.
So if there is nothing correct regulations, maybe a lot of countries will be block this payment system.
And as the effects, price of BTC will be drop soon.
So let's start to discuss, what it the right regulations to avoid Bitcoin used as a payment for crime. 

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[davis196]

If you search at the google about bitcoin for criminals, there is a lot.
For example at this link https://www.thesun.co.uk/tech/5092224/criminals-use-bitcoin-for-dark-web-illegal-activity/amp/.
So if there is nothing correct regulations, maybe a lot of countries will be block this payment system.
And as the effects, price of BTC will be drop soon.
So let's start to discuss, what it the right regulations to avoid Bitcoin used as a payment for crime. 

The "right" regulations would be all the new rules that remove the anonymousy of btc transactions.
"Know your customer" policies and ID verifications would become mandatory for all online bitcoin wallet services and all exchange platforms.The harder for criminals to stay anonymous ,the better for the bitcoin community.I know that a lot of crypto supporters hate the KYC regulations,but there`s no other way to reduce the crimes and fraudulent activities with btc involved.

[virendarnagpal]

Honest adjusting nature, understanding other's problems, intelligent category members will raise no objection if it bitcoin is regulated.  KYC is made necessary for purchasing / selling bitcoin.
But there may be members which may not be so adjusting nature.  They will oppose any regulation of the bitcoin transactions for whatever the reason it be. 
So it will be difficult to regulate bitcoin transactions.
Another logic which can be given that criminals are not making payments or receipts in bitcoin only.  They are using fiat currency too.  So regulating bitcoin transactions may though have some effect on criminal's activities but it will not fully control their crimes.

[fatirborju]

I think the existing rules in bitcoin are very good like making KYC, using ID and using ETH address and many more, just have to run and refine the requirements that have been specified....

[freesia_pnp888]

cuz there's bitcoin rush so everyone be like rushing and dashing to get it, they don't mind anything to get more and more, which leads to the result of being scammed so, it's such a sad reality, but we should be careful. MAKE BITCOIN GREAT AGAIN!

[crocozino]

i think those attacks to the bitcoin is well coordinated
and my guess would be that the primary target is to control cryptomarket
first they want to compromise bitcoin and then other currencies.
because all financial   flow must be controlled by them ( governments )

[Dudeperfect]

Well, if criminals are using Bitcoin then they were using fiat currency before 2009, right? So if governments are banning Bitcoin, for this reason, the same logic should be there for fiat currencies. However, coming to the fact, governments can not ban crypto to crypto transactions and they should not blame Bitcoin for the criminal activities. Everyone would use what is convenient for him and it doesn't make any sense to destroy the whole system just because the tiny group of people are using it for illegal activities.

[wer9d25gqj]

If you search at the google about bitcoin for criminals, there is a lot.
For example at this link https://www.thesun.co.uk/tech/5092224/criminals-use-bitcoin-for-dark-web-illegal-activity/amp/.
So if there is nothing correct regulations, maybe a lot of countries will be block this payment system.
And as the effects, price of BTC will be drop soon.
So let's start to discuss, what it the right regulations to avoid Bitcoin used as a payment for crime. 

Im starting to think that bitcoin was made for crimes, maintained by great minds.

[CDAnggoro]

Well, if criminals are using Bitcoin then they were using fiat currency before 2009, right? So if governments are banning Bitcoin, for this reason, the same logic should be there for fiat currencies. However, coming to the fact, governments can not ban crypto to crypto transactions and they should not blame Bitcoin for the criminal activities. Everyone would use what is convenient for him and it doesn't make any sense to destroy the whole system just because the tiny group of people are using it for illegal activities.

That's the great opinion. But if they didn't make a regulation for this crypto, that crime transaction will be easier by using this crypto. And the worst thing, maybe a lot of corruptor using it for money laundy.

[jikurpa]

If you search at the google about bitcoin for criminals, there is a lot.
For example at this link https://www.thesun.co.uk/tech/5092224/criminals-use-bitcoin-for-dark-web-illegal-activity/amp/.
So if there is nothing correct regulations, maybe a lot of countries will be block this payment system.
And as the effects, price of BTC will be drop soon.
So let's start to discuss, what it the right regulations to avoid Bitcoin used as a payment for crime. 

bitcoin can be accessed by anyone, anytime and anywhere so bitcoin can be used anything good bad bitcoin is the purpose and intention of its users

[kastara]

I also ask what rules should be in place, because bitcoin is in my opinion a system that anyone can access

[silent17]

If you search at the google about bitcoin for criminals, there is a lot.
For example at this link https://www.thesun.co.uk/tech/5092224/criminals-use-bitcoin-for-dark-web-illegal-activity/amp/.
So if there is nothing correct regulations, maybe a lot of countries will be block this payment system.
And as the effects, price of BTC will be drop soon.
So let's start to discuss, what it the right regulations to avoid Bitcoin used as a payment for crime. 

The "right" regulations would be all the new rules that remove the anonymousy of btc transactions.
"Know your customer" policies and ID verifications would become mandatory for all online bitcoin wallet services and all exchange platforms.The harder for criminals to stay anonymous ,the better for the bitcoin community.I know that a lot of crypto supporters hate the KYC regulations,but there`s no other way to reduce the crimes and fraudulent activities with btc involved.

I'm with you, For the sake of bitcoin and to increase the Bitcoin and Altcoins users we need to accept the fact that Bitcoin needs to have KYC Regulating it, But of course, we can still control our money. The only difference is that We can't really use the Bitcoin for crimes. And I think that will be better for all Bitcoin user around the world. As a Cryptocurrency supporter accepting this fact will allow other countries to accept Bitcoin even if it's value is volatile.

[liseff3]

If you search at the google about bitcoin for criminals, there is a lot.
For example at this link https://www.thesun.co.uk/tech/5092224/criminals-use-bitcoin-for-dark-web-illegal-activity/amp/.
So if there is nothing correct regulations, maybe a lot of countries will be block this payment system.
And as the effects, price of BTC will be drop soon.
So let's start to discuss, what it the right regulations to avoid Bitcoin used as a payment for crime. 

The "right" regulations would be all the new rules that remove the anonymousy of btc transactions.
"Know your customer" policies and ID verifications would become mandatory for all online bitcoin wallet services and all exchange platforms.The harder for criminals to stay anonymous ,the better for the bitcoin community.I know that a lot of crypto supporters hate the KYC regulations,but there`s no other way to reduce the crimes and fraudulent activities with btc involved.

I strongly agree with the statement by davis196, but the existence of KYC may not work properly if it isn't supported by many in the bitcoin community, the lack of awareness, pros, and cons, still continue to occur within the community. We cannot move on its own we need a strong hand to socialize it.

[dothebeats]

If you search at the google about bitcoin for criminals, there is a lot.
For example at this link https://www.thesun.co.uk/tech/5092224/criminals-use-bitcoin-for-dark-web-illegal-activity/amp/.
So if there is nothing correct regulations, maybe a lot of countries will be block this payment system.
And as the effects, price of BTC will be drop soon.
So let's start to discuss, what it the right regulations to avoid Bitcoin used as a payment for crime. 

There wouldn't be a regulation wherein every form of illicit activity will be blocked. Bitcoin is deemed as money and can be exchanged for local currencies, so as long as it carries value in its shoulders, this will be a hot target for criminals. Fiat money also faces the same scenario: fiat is heavily used in illegal arms trades and drug money as well yet no one bats an eye since, well, it's printed by the lovely government. Money can be literally used in everything that demands payment, so as long as there are the shady guys demanding bitcoins as a form of payment, people will pay it to get what they want. No regulations would fix that, IMO.

[tonylewisverdu]

no its not, but it all depends on who use it and how it is use.. if its use in criminal activites then its bad..

[darkangel11]

If you do the same research for any other currency, you'll find that there's even more hits.
For instance:
https://www.reuters.com/article/us-russia-cyber-swift/hackers-stole-6-million-from-russian-bank-via-swift-system-central-bank-idUSKCN1G00DV
https://securityaffairs.co/wordpress/70046/cyber-crime/raiffeisen-cyber-heist.html

There were many similar threads and the main stance, also the one that I like to take is that the currency is never responsible for the crimes that people are using it for. It's just a tool, like a knife that you can stab someone with or make yourself a sandwich. I don't believe that a currency which makes all transactions clearly visible in the blockchain, would be the preferred choice of criminals. At least not when you can choose cash or monero.

[thinkme1st]

If you search at the google about bitcoin for criminals, there is a lot.
For example at this link https://www.thesun.co.uk/tech/5092224/criminals-use-bitcoin-for-dark-web-illegal-activity/amp/.
So if there is nothing correct regulations, maybe a lot of countries will be block this payment system.
And as the effects, price of BTC will be drop soon.
So let's start to discuss, what it the right regulations to avoid Bitcoin used as a payment for crime. 

I think soon every single exchange platform and wallet services will make it mandatory for everyone to complete KYC and id verifications to use their services or platform that's how this problem can be controlled to some extent.

[tonylewisverdu]

a payment crypto

[eternalgloom]

I think Bitcoin should be classified as a currency instead of an asset, at least in the USA this is something that needs to be changed.
Now the IRS is demanding taxes between each trade, because cryptocurrencies are seen as an asset, so each trade between cryptos is seen as a taxable instance.

I really hope that all cryptocurrencies would be exempt from taxes on each trade, just like with Forex.

It's better in my country, Belgium, as crypto is only taxed when it's exchanged for fiat. You pay a flat rate of 33% on taxes on your profit.

[mammothine]

If you search at the google about bitcoin for criminals, there is a lot.
For example at this link https://www.thesun.co.uk/tech/5092224/criminals-use-bitcoin-for-dark-web-illegal-activity/amp/.
So if there is nothing correct regulations, maybe a lot of countries will be block this payment system.
And as the effects, price of BTC will be drop soon.
So let's start to discuss, what it the right regulations to avoid Bitcoin used as a payment for crime. 

Can't control it any more than you can control cash.