Bitcoin must be regulated!

[*kimcil*]

They try, but the only thing they can do is manage how you get Bitcoin. We have seen this through KYC and various exchanges forced this on users. But sorry, Bitcoin really can't be regulated. There is no way for entities to "turn off" Bitcoin as they do for the stock market when prices are collapsing. Don't even have to worry about the price, just use it. We will weaken in the short term, but the long term is still very bullish.

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[victorski]

I can agree with you because right now bitcoin is as it is, a decentralized in unregulated insane and chaotic thing, which can both, help you out and destroy you completely. So it needs to be regulated.

[South Park]

They are trying, but the only thing they can do is adjust the way you receive Bitcoin. We have seen this through KYC and various exchanges tie this down when users. But sorry, Bitcoin really can not be adjusted. But I think someday Bitcoin will do this so that it can be accepted by the government, so that it can be widely used.

Governments can monitor their fiat channels since they have a very strict control over them but if at some point in the future people begin to accept bitcoin directly for all kind of products and services governments are going to have a huge problem not only regulating bitcoin but the rest of the economy as well since we will not need to follow their rules.

[Forsaken Kobolds]

"I think it needs to be easily accessible and useable by anyone and it needs to become so
common as to be accepted anywhere..Because no one wants to use a currency that does
not have a consistent valuation."

[Labyrinth Wraiths]

You should know the fundamentals of BTC first. BTC is such crypto currency that is not centralized precisely no bank, government or any other institute cannot control it. Only the user has all the control over his own btc .

[Teivion]

You have to check the roadmap very carefully when you are planning for investment in any ICO project. Lack of roadmap or under-constructed roadmap is like a red signal. If you could make it out then through this you could spot scam too.

[Exhim1940]

It seems quite illogical. If you want bitcoin to be regulated by the government then I would say you are completely not known about the functionality of it. There is no authority over it.

[cyriljundos]

if the bitcoin would be regulated in the government this would have sentralized the bitcoin to the government

[flying_bit]

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.

What happens to decentralization which is main idea behind bitcoin. Bitcoin transaction if you don't know yet is p2p, no intermediaries, decentralized and transparent. There's shouldn't have 3rd party or middle men. If it's regulated, then it will lose it will lose it's main objective.
What I believe that needs to be regulated are ICO projects. We, investor will need some protection from it but only to ensure that dev team will not disappear and run away with our money but cryptocurrency in general should remain unregulated and decentralized.

[Zumulong]

Bitcoin is a decentralized currency. Here no third party is involved in any transaction, and this is what make the transaction so secure. If we want to regulate bitcoin, we will need to make it centralized. But by doing so, bitcoin will go away from its mission. So, we should not regulate it.

[Bryrsyrog]

The mission of bitcoin was to make a decentralized peer-to-peer transaction system where there will not be any third party involved to make the transaction safe and secure. But if it is regulated, there will be a third party involved. Thus, bitcoin will deviate from its mission. So, bitcoin should not be controlled.

[GreenInformation547]

Bitcoin can't be regulated because it's use blockchain technology and that's why it's decentralized. So, it is beyond regulation.

[bp.comp69]

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.

yes, Bitcoin must have rules like government, so that there is no personal authority or the lowest figure can also enjoy Bitcoin, not just high ranks who enjoy Bitcoin.

[Neseece]

The nature of Bitcoin is that it can't be controlled. Bitcoin is not under anyone's control. There is not any person, or company or any government behind bitcoin controlling it. So, it can't be and should not be controlled.

[Matty96]

Look at all the huge buy and sell orders and you can tell how many whales are out there controlling the market the way they want.
It was borned to be a decentralized world but right now so many things are going on in the back we dont know such as regulation which is really sad.

I would say the market will be able to recover when they hype comes back and the great buying volume comes back again. Then the whales would also follow the hype. We dont have to worry too much.

[MatthewNaccarato]

Why bitcoin be regulated? Bitcoin is totally third party free. There is no third party or any government to regulate this.

[indayburakday012]

I like the response of the many people here in this thread and basing on the comment i read looks like it is indeed true that bitcoin does not needed any government regulations and we should work on our own not letting the government doing our business. They have no business with our system and that the fact they should not stepped in or if they want to then they should not implement regulations instead they should do a safety measures for the those who invested on bitcoin.

[jeromix]

Well the regulations will be identified of course we let the system remain on what it is intended for. Since it is decentralized and peer to peer transactions then it should be that way. However, regulations does not only limit on taking advantage on the system. There is another way to regulate bitcoin without changing the the system on how it works like only seeing the team development doing their job honestly without abusing on the way market price moves. IT should be the people to decide how market price moves and not the team developers who created the bitcoin if there could be such thing because if there is this is already called an abuse to the system and to the investors.

[HDContent751]

It's not possible to regulate BTC I hope. There are no one to regulate BTC because it's a decentralized crypto.

[rosemary4u]

Bitcoin liberates individuals from the   stress that the formal monetary system impose on them. Regulation of bitcoin will change the basis of blockchain technology which is decentralization.