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Author Topic: Bitcoin must be regulated!  (Read 2406 times)
Sirait
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November 08, 2018, 10:02:23 PM
 #401

in my opinion, Bitcoin regulation it's not easy, there are many conditions that Bitcoin cannot yet fulfill, among others:
- the creator of Bitcoin is still uncertain, whether it's Satoshi or someone else
- Bitcoin is a  decentralization coin, it is very difficult to change that
Bitcoin must be regulated so that the owner is clear, but Bitcoin must be able to fulfill these requirements.

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KingOfWinterfell01
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November 09, 2018, 02:01:06 AM
 #402

This is necesarry now because bitcoin involve huge money and the possibilities is that the bitcoin that we may hold may not have any value any more for its equivalency to fiat money are already secured in the owners system pocket. Our trust is slowly degrading for what we had on the current market even the huge investors are already withdrawing their money on bitcoin. And it does not help with small scale investors so there should be a preventive measure to be undertaken but hey where are the team? Common people like me does not even know who owns bitcoin and who are the team composing of bitcoin. If the system needs advancement they should create a remedial for the current market like having another promotion to get more investors. With the attitude of the market price manipulator right now there is no guarantee that bitcoin market price could recover. There is no action being taken and i do not if the team are so selfish with their business on this system they created. Are they only milking the investors? Obviously if this is their ideals then i will not expect bitcoin will last long.

I don't think it is a good idea to regulate bitcoins. It defeats the main purpose why bitcoins were created and that is to be decentralized and unregulated by nature. If bitcoins were to be regulated then it defeats the purpose in the first place. So might as well leave it as it is now.

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November 09, 2018, 03:02:45 AM
 #403

I believe bitcoin can not be regulated because nobody can control it. Bitcoin is decentralized cryptocurrency. If it is regulated then it lost its basic core principle.
right your word must be arranged so that it can run properly and not only people carelessly use and misuse in my opinion must be developed and there are rules that apply

Bitcoin is decentralized, therefore, it cannot be regulated. People that say that we need some regulations for the cryptocurrencies, simply do not know what they are talking about.
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November 09, 2018, 03:52:35 AM
 #404

I am against regulation of Bitcoin. It is a decentralized currency and there is no need for anyone to regulate it. On the other hand, I would react positively to regulating the ICOs. There are a lot of scams ongoing in that sector right now.
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