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Question: Do you think the United States Government will ever have total power over bitcoin?
Yes - 5 (29.4%)
No - 7 (41.2%)
Very Little Control - 5 (29.4%)
Total Voters: 17

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Author Topic: Will The Government Ever Find a way to Regulate Bitcoin?  (Read 1382 times)
sgtbrownpants (OP)
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February 13, 2014, 02:13:10 AM
 #1

What Do You Think?
DannyHamilton
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February 13, 2014, 02:20:57 AM
 #2

You are asking 2 completely different questions.

Your thread "Subject" asks:
"Will The Government Ever Find a way to Regulate Bitcoin?"

Your poll asks:
"Do you think the United States Government will ever have total power over bitcoin?"

Regulating is not the same thing as "total power over".

The results of your poll will be meaningless since you won't be able to tell who is answering the first question and who is answering the second one.
guybrushthreepwood
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February 13, 2014, 11:27:18 AM
 #3

Of course they will. It'll be difficult but they are going to regulate it one way or another.
hilariousandco
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February 13, 2014, 11:49:26 AM
 #4

Governments aren’t just gonna sit back and let us use and launder this money for free. They're going to want their cut. Regulation is inevitable in some form.

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Sonny
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February 13, 2014, 04:12:04 PM
 #5

Governments can regular the exchanges (Bitcoin <-> fiat), but I don't think they can regulate bitcoin itself...
moriartypants
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February 13, 2014, 04:38:42 PM
 #6

Right, not anymore than they can regulate cash.

They can watch the entry and exit points like a hawk. (Banks, etc)  but two guys exchanging cash for something in an alleyway will be hard to crack down on.

That isn't to say if one of the guys tries too many alleyway transactions and becomes perceived as a menace (like say a drug dealer) they'll certainly TRY.
lightfoot
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February 13, 2014, 04:39:52 PM
 #7

Never underestimate the security ramifications of a rubber hose.
roslinpl
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February 13, 2014, 04:45:49 PM
 #8

What Do You Think?

I think they will do.

In next 15 years.
bitbitz
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February 13, 2014, 05:09:16 PM
 #9

Of course they will. It'll be difficult but they are going to regulate it one way or another.

It will never be 100% regulated just a tiny bit controlled.
GAML
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February 13, 2014, 06:26:29 PM
 #10

Of course they will. It'll be difficult but they are going to regulate it one way or another.

They will most definitely regulate trading and Bitcoin  will be given a legal status so they can tax it.

guybrushthreepwood
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February 13, 2014, 06:34:58 PM
 #11

Of course they will. It'll be difficult but they are going to regulate it one way or another.

It will never be 100% regulated just a tiny bit controlled.

Surely cash isn't 100% regulated either?
hilariousandco
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February 13, 2014, 06:39:19 PM
 #12

Of course they will. It'll be difficult but they are going to regulate it one way or another.

They will most definitely regulate trading and Bitcoin  will be given a legal status so they can tax it.

They'll most probably just tax it when you spend it or exchange it for fiat.

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ajaxmoor
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February 13, 2014, 06:45:40 PM
 #13

They will , so btc price will be fixed .
rohnearner
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February 13, 2014, 06:54:08 PM
 #14

You are asking 2 completely different questions.

Your thread "Subject" asks:
"Will The Government Ever Find a way to Regulate Bitcoin?"

Your poll asks:
"Do you think the United States Government will ever have total power over bitcoin?"

Regulating is not the same thing as "total power over".

The results of your poll will be meaningless since you won't be able to tell who is answering the first question and who is answering the second one.
yeah agree with you , the heading of the thread and the question asked itself are contradicting each other..!

rohnearner
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February 13, 2014, 06:57:00 PM
 #15

They will , so btc price will be fixed .
fixing btc price for a particular time-period is fine like they do with petroleum in my country but then again they Raise it every second month.. I won't complain about BTC rate soaring the way i complain about petroleum Smiley 

Lethn
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February 13, 2014, 07:18:42 PM
 #16

To answer both questions, you will find Bitcoin will work a lot like Bittorrent so as is the case with Bittorrent, the people who keep trying to shut everything down will cheer and declare victory when they've shut down one website or arrested a couple of people ( As they have with Silkroad ) and then several more websites will pop up after and people will simply migrate the activity or operate from countries that are more friendly.

I'm really doubtful the nightmare scenario people sometimes fear will ever happen, for one thing, the people in charge who are against Bitcoin and Bittorrent have always been incredibly stupid.
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February 13, 2014, 07:24:57 PM
 #17

Its already regulated if you exchange Bitcoins to fiat.

Bitcoins to Bitcoins is harder to regulate, but given how many stupid laws are here, I wouldnt be surprised
roslinpl
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February 13, 2014, 07:40:24 PM
 #18

Its already regulated if you exchange Bitcoins to fiat.

Bitcoins to Bitcoins is harder to regulate, but given how many stupid laws are here, I wouldnt be surprised

But nowadayd you dont realy have to turn btc into cash. You can buy things for btc Smiley
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February 14, 2014, 06:49:14 AM
 #19

One of possible ways to regulate bitcoin's price in a bad way is simply close down major exchanges. Think if they manage to close gox, bitstamp, btc-e, coinbase and localbitcoins.
This will affect price seriously. Just my IMHO.
hilariousandco
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February 14, 2014, 12:13:44 PM
 #20

One of possible ways to regulate bitcoin's price in a bad way is simply close down major exchanges. Think if they manage to close gox, bitstamp, btc-e, coinbase and localbitcoins.
This will affect price seriously. Just my IMHO.


They'll never be able to close them all, so it'll be futile anyway.

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