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Author Topic: This is how you get a Regulation in work  (Read 98 times)
KingScorpio
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June 03, 2018, 07:13:05 PM
 #21

What you are trying to point out is already taking place, but just in a slightly different manner.

jes and why did we create bitcoin and the cryptoindustry and are fooling now those that still sell their time and work for money instead of creating it out of thin air?

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KingScorpio
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June 03, 2018, 07:14:33 PM
 #22

What do you mean by "open their data"?Do you mean ID verification?How can you force them to do that?
The plan you are writing about is impossible to be conducted,because it is against everything that cryptocurrencies represent-anonymous transactions,freedom from any transaction restrictions and free market environment.

well cryptocurrencies that dont join will stay unregulated, will all kinds of abuse and low quality

goal of regulation is to enforce and secure a quality standard under certain tolerance,

if not done, people might get abused by cryptocapitalists like desperate money earning cattle.

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June 03, 2018, 07:27:00 PM
 #23

The crux of this is enforcement. Different countries have to first agree on how to go about all this. Then your ‘economic hitman’ will have to act against people who do not register in this database you propose. Getting leads in a decentralised world won’t be easy.


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andriarto
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June 03, 2018, 07:37:15 PM
 #24

I don't know if a global cryptomarket regulatuon will work. First of all individual countries have their own kind of regulations like Japan and Korea as they have their own cryptocurrency exchange separate from the global market. Another reason is that not all governments are in favor of letting in this kinds of cryptocurrency in there country. Just like in their own respective stock markets, all of them have their own sets of rules which differs from other stock markets. But the best thing they can do is having some kind of standard for all individual countries to follow in order not to stray away, but even that kind of agreement needs to be agreed upon by the contracting parties first before it becomes binding to them.
indeed all countries have not allowed cryptocureency in their country. like in my country where government still forbids it to transact. but i think regulation is very important to set cryptocurrency for users to feel safe and can reduce the scam

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KingScorpio
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June 03, 2018, 07:48:36 PM
 #25

The crux of this is enforcement. Different countries have to first agree on how to go about all this. Then your ‘economic hitman’ will have to act against people who do not register in this database you propose. Getting leads in a decentralised world won’t be easy.

a regulation must be enforced and exectuted in a way that people trust it, people trust police because its violent, and consequent.

an economic hitman could be also a network of spies, which could work decentrally globally like the mossad.

the point is that if we would create such a regulatiory guardian, many cryptocurrencies will beg to be regulated and then indirectly be blessed or trusted by the market.

the alternative is basically what we have now

1. 30.000 cryptocurrencies

2. market running on annyoing never ending propagandacoins

3. high volatility

4. you have to justify yourself so you can spend and use a digital asset.

traders and craftsmen also want a regulatory system they can rely on.

you want to limit and make the amount of cryptocurrencies overviewable than you have to do this, also to limit volatility you must balance value generation in real world with token created.

making the market much less diverse and less confussive.

best way for that would be with a value sources related or backed system the former i am developing privately,

but you want quality controll and realiability and this is the way,

it can be violent it can be exposatory with spies, or it can be simply by "i demand insight" and the report of refusal of insight could then be published in the market and the market will then sanction the cryptocurrency.

so it can be violent it can be without violent, and it can be global and borderless. no problem

but most important thing of a regulation is basically protect those that work for money, and controll regulate the behavior of those that create money

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June 03, 2018, 08:02:00 PM
 #26

oh and i tell you something about the existing regulation systems:

they work in a way that:

they give licenses against lots of burocratic work and formalisation

experts have to be hired.

or in other words to get power in a country you have to be rich

i would say that a bafin license in germany can be obtained with around 5 million euro.

similar stuff in usa and so on.

the rich systematically stay rich and own everything because you have to be rich to get into the position of printing money.

but crypto is changing this. now you have to be supported and trusted to obtain power.

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