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Author Topic: Bitcoin must be regulated!  (Read 2070 times)
Buttermellow
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August 14, 2018, 01:30:39 PM
 #1

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.

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August 14, 2018, 02:48:46 PM
 #2

every single sentence here proves that you do not know what bitcoin is. you are just too caught up in the price and have been excited about it that you forgot to check out what is this thing called "bitcoin" that you got involved in!

i suggest that you start by educating yourself a little more. read the bitcoin paper. start watching some of the Andreas Antonopoulos' videos , you can read his book mastering bitcoin. and you will no longer think this way. here is a link: https://antonopoulos.com/

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August 14, 2018, 02:52:27 PM
 #3

Bitcoin can't be regulated. Period.
It's very simple.
Nobody own bitcoin or stand behind bitcoin.
There is no bank or any government behind bitcoin.
In fact, nobody control bitcoin.


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August 14, 2018, 02:57:05 PM
 #4

If bicoin could be controlled I should be destroyed. We have regulation and the government gets it's cut. But that's done and over. There will be no identity tied to bitcoin or any declaring of bitcoin.
We are not asking the government for permission, we are telling them that this is how it is.

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August 14, 2018, 02:57:49 PM
 #5

If they accept bitcoin and bitcoin are regulated then bitcoin will of course be accepted by the government and we will have plans and policies for longer term bitcoin investment.
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August 14, 2018, 02:59:13 PM
 #6

In the words of JayJuanGee - Get the fuck outta here.

Everything in that OP is utter bull shit, you don’t even know how bitcoin was intended to be used. Centralization was not Satoshi’s vision. Bitcoin should not & will not be regulated.




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August 14, 2018, 03:08:25 PM
 #7

I think that Bitcoin and cryptocurrencies are waiting for a lot of regulation in the future. The government will try to control Bitcoin.

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August 14, 2018, 03:15:05 PM
 #8

The basic idea of bitcoin is decentralization and keep running without any regulations. If it is regulated then it goes against its basic core principle. However, governments will keep pushing for regularization and then only we can see large scale adoption.
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August 14, 2018, 03:21:09 PM
 #9

Sounds like the price drop has you scared a bit! No country/governmental entity could regulate Bitcoin itself. They are trying to, but the only thing they can do is regulate how you get Bitcoin. We've seen this already through KYC and various exchanges forcing this upon the users. But sorry, Bitcoin truly could not be regulated. There is no way for an entity to "turn off" Bitcoin like they do for the stock market when the price is collapsing. Don't even worry about the price, just hodl on. We will go lower in the short-term, but long-term is still very bullish.
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August 14, 2018, 03:21:34 PM
 #10

What Bitcoin team are you talking about? The Bitcoin Core developers or ALL Bitcoin users? This is a open ended technology

that are not controlled by one centralized authority. Which government should control Bitcoin? {USA? UK? Asia? Australia?}

Yes, a little bit of regulation where FIAT currency is involved, would harm nobody, because the government's currency is

being used, but Bitcoin on it's own should be left alone.  Roll Eyes

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August 14, 2018, 03:29:09 PM
 #11

Bitcoin can be invested but cannot be regulated due to the fact that it has its own rules.Many people have not discovered bitcoin yet and if you regulate using bitcoin,they may not be able to invest also.

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August 14, 2018, 03:29:55 PM
 #12

Illogical complaint , if you don't want to take risk from investing in bitcoin then better not to invest.
 What are you talking about bitcoin regulation?  Do you really know what bitcoin is?
How many bitcoins did you invest and what is the reason why did it lost, if there is?  
Back to basic bud.

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August 14, 2018, 03:31:09 PM
 #13

bitcoin has been going on for quite a long time even without the rules governing it. in the past there were a lot of bad news that wanted to destroy bitcoin, but what happened was that more and more new investors wanted to hold bitcoin so be calm, bitcoin will still be valuable.

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August 14, 2018, 04:19:38 PM
 #14

I appreciate your argument, and you must know that when the market is bearish, many members suffer, whales, traders, investors, and all who have a bitcoin small pieces.

this is a crypto risk, bitcoin can be regulated, but a regulation cannot make the risk disappear.

we need regulation to control every bitcoin chart and to minimize a criminal action by bitcoin, not to stop high volatility or eliminate risk. and that is impossible.

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August 14, 2018, 06:08:36 PM
 #15

How do you regulate it then? unless your are asking that it be Centralized like fiat.
Centralizing Bitcoin will render it useless.

By the way, if you are familiar with Stock market you will know that Bitcoin fluctuats just like that and is doing better than many regulated Stocks.

Don't invest in Crypto what you can't afford to lose, just as in Stock.



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August 14, 2018, 06:38:56 PM
 #16

regulations are USELESS

how many people were saved due to regulations in 2008.. none. millions of people lost their homes.

regulations are not a consumer safety net.
regulations are to make businesses police their customers.
its purely a tactic so governemts do not need to police things themselves and give the appearance that something is being done.

but this policing policy is not even wrote out by regulators. infact they ask the business to make their own policies on how they will monitor and report their customers if thier customers do something wrong.

which in return allows a business to do things that consumers would see as criminal.

if anything what is actually needed is consumer protection. that way random anonymous consumers can actually report scammy businesses.. as that is the ultimate problem people have.

emphasis
regulations NO
consumer protections Yes

there needs to be a way to ensure if a business is going to scam. they cant hide behind insurance, insolvency, or other things to get away scot free

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Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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August 14, 2018, 06:50:24 PM
 #17

Regulation can be different. There can be a ban on everything that is new, what breaks down the old. With what I agree the rules of peaceful development it's time to create.
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August 14, 2018, 07:10:29 PM
 #18

every single sentence here proves that you do not know what bitcoin is. you are just too caught up in the price and have been excited about it that you forgot to check out what is this thing called "bitcoin" that you got involved in!

i suggest that you start by educating yourself a little more. read the bitcoin paper. start watching some of the Andreas Antonopoulos' videos , you can read his book mastering bitcoin. and you will no longer think this way. here is a link: https://antonopoulos.com/

Nice to not have to read the OP and just see a good summary about why this thread sucks...

Andreas on Joe Rogan helps a lot of the noobs understand, was quite informative to see his last appearance even if it was awhile ago.

Andreas is GOAT.

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August 18, 2018, 03:17:08 PM
 #19

Regulation is needed but strict regulation will break the principle of decentralization and it will be more centralized that can also affect the market negatively. In future it will be more developed and such problems will resolved.
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August 18, 2018, 03:23:31 PM
 #20

bitcoin regular then except all government and also people so more advantages and it will more helpful for people.
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