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Author Topic: Bitcoin Acceptance.  (Read 2190 times)
Webberson
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October 05, 2018, 08:41:20 PM
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If bitcoin were to be accepted, on the condition that it should be regulated. Do you think it should be done, disregarding its decentralized nature?

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October 05, 2018, 08:50:10 PM
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Accepted by who? There is already a large, enthusiastic community supporting the goal and targets of bitcoin.

Regulation isn't necessary for growth or mass global adoption, this would happen naturally as more people become aware of the potential and possibilities. And decentralization is what makes bitcoin a suitable alternative to fiat.

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October 05, 2018, 09:01:55 PM
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If bitcoin were to be accepted, on the condition that it should be regulated. Do you think it should be done, disregarding its decentralized nature?
If bitcoin gain recognition or accepted on a global platform on the ground of be regulated by the authorities, will no longer represent the core value of it purpose and also the regulation will distort it power of decentralization.

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October 05, 2018, 09:06:36 PM
 #4

According to what is being done in Mexico, due to the nature of bitcoin, it would be practically impossible to try to regulate its technology, so the authorities of the country are trying to regulate the companies that use bitcoin to prevent they use it as a way to launder money or to commit illegal activities, and I think that maybe in that direction all regularization proposals go: to the people or institutions that use them, not to cryptocurrencies.
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October 05, 2018, 09:07:56 PM
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Bitcoin will be an acceptable currency. But first, there are two important issues. First, the Bitcoin transaction speed needs to be improved. It is not practical to make payments quickly. The second is a legal arrangement. In other words, countries should regulate their crypto-money business in a way that is lawful. If these two issues are completed, we can often use crypto coins in the future.

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October 05, 2018, 09:11:41 PM
 #6

If bitcoin were to be accepted, on the condition that it should be regulated. Do you think it should be done, disregarding its decentralized nature?
Here is something that is currently unrelated but could potentially alter the price of bitcoin, it is the fact that the stock market has been on its longest bull run and will be hit with a crash soon,when that happens ,a lot of investors are going to flood the crypto market with whatever they can salvage from the cash. Cryptos will be the likely choice because it seems to be among the markets that is not positively correlated to the stock market.

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October 05, 2018, 09:19:51 PM
 #7

I think that btc should be accepted by the largest companies and businesses soon. In the nearest future, this will definitely happen because the market will move forward and changes are obvious
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October 05, 2018, 09:21:37 PM
 #8

If bitcoin were to be accepted, on the condition that it should be regulated. Do you think it should be done, disregarding its decentralized nature?
OP, as far as i believe you are very much aware that the main purpose for which Bitcoin or crypto currency in general was created it to be a coins that is decentralized in nature and be accepted world over. If it must be accepted on the condition of regulation by the government which is contrary to its original purpose then government should continue with their fait currency and leave crypto currency because is was as a result of government manipulation and regulation that led to the creation of crypto if am not mistaken.

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franky1
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October 05, 2018, 09:27:42 PM
 #9

why are people obsessed about regulation.

you might aswell ask will people eat if food was/wasnt regulated, wil people go toilet if bathrooms were/were not regulated, will people talk if voices were/were not regulated
things do not need regulation.

regulation PRETENDS to help normal people. but all it does is give businesses a bit of accreditation. its like a toddler preschool gold sticker of well done accreditation.

in a world where no regulation is required. a business with regulation showing up and publicising their policy. it just makes any business without the shiny star or the sherrif's badge of KYC automatically look shady. thus makes people stupidly trust something due to a gold star/accreditation.
yet the financial criss of 2007-8 shows that regulation didnt do anything. and banks still do what they did before. and people got screwed

whats really needed is to stop begging/hoping/lobbying for regulation. as that helped no one with bank mortgages and loans in 2007-8..
instead people should lobby for consumer protection and easy access to the court systems and other things that help normal people, not businesses

regulations and consumer protections are 2 separate things

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October 05, 2018, 09:40:11 PM
 #10

If bitcoin were to be accepted, on the condition that it should be regulated. Do you think it should be done, disregarding its decentralized nature?
I understand were your going with this topic,you may be correct that bitcoin is not accepted worldwide,but there is mass adoption of the currency In numerous nationalities and it's a wonderful feat..

  Yeah for a truth most countries have placed bans on the bitcoin as their views of the currency is one of indifference,so if the proposition be that bans be lifted and the currency being freely circulated in exchange for government regulations,then its a big no for me everyday of the week

This currency was created to be decentralized,no government rules,no central body nor banks,no insurance...just you I and every individual in the system,yes we alone decide its value whether intentionally or unintentionally...

 I think government involvement in this system could lead to many throwing in the towel..
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October 05, 2018, 09:58:42 PM
 #11

If bitcoin were to be accepted, on the condition that it should be regulated. Do you think it should be done, disregarding its decentralized nature?

Disregarding it's a Decentralized nature, I think it's should be accepted this should be done by big companies and organisations at large which I turn we know it has a future to stay and we need to understand the potential benefits and risk it involves.
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October 05, 2018, 10:34:56 PM
 #12

Regulatory bodies would surely press these regulations on bitcoin no matter what. It's needed for widespread adoption knowing that most businesses and establishments are in compliance with their local SEC and department of trades. If they are to not impose regulations on cryptocurrencies and people began accepting it, how can the government apprehend wrong-doers and fraudsters if they have no grounds to do so? It'll be easy for scammers to scam knowing that there are no regulations that they should be afraid of.

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October 05, 2018, 10:36:12 PM
 #13

If bitcoin were to be accepted, on the condition that it should be regulated. Do you think it should be done, disregarding its decentralized nature?

Accepted by who?

There are clearly people who think bitcoin will be accepted by governments
around the world as their currency. Its dilusional to think this

The question has to be asked, how can bitcoin become centralised?
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October 05, 2018, 11:45:56 PM
 #14

In my opinion, there is no need for btc to be regulated as this has been proven to be successful to it's purpose and function of being a decentralized currency. With or without the government support of some governments globally, btc has manage to more independent and work efficiently as a payment system and a digital currency for investment. All it needs is mass adaptation wherein the more people supporting btc, the market growth could be substantial and more investors will be coming in thus resulting to a marginal profit.
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October 05, 2018, 11:55:16 PM
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I don't think that needs to be regulated if it eliminates the decentralization that bitcoin has, and I think it's also difficult and won't work, because bitcoin doesn't need it all.
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October 06, 2018, 03:27:24 AM
 #16

why are people obsessed about regulation.

for some reason some people tend to think in black and white when it comes to bitcoin!

they say it is either be regulated or  die. or not be regulated or die! in case of OP he thinks decentralization will go away if regulations come! which has nothing to do with each other.
it is like the bitcoin and banks thing all over again. where for years these people said bitcoin will either die or replace banks. they never said bitcoin grows while banks still exist...

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October 06, 2018, 03:44:41 AM
 #17

There is a problem. You want Bitcoin growth and acceptance by a large number of people. To do this, you need to go for Bitcoin without problems, quickly buy bread. But entrepreneurs do not want to work with a volatile currency. For business it is good when the currency is stable.
Perhaps now Bitcoin is stabilizing and will show slow growth. This is the best scenario for adoption.
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October 06, 2018, 03:54:17 AM
 #18

Bitcoin has received a lot, the existence of bitcoin really helps the community, don't get me wrong.
The bitcoin community is starting to develop well, so I think this is widespread, it's just that those who haven't or are less sensitive to the existence of bitcoins who can't accept bitcoin.
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October 06, 2018, 03:57:43 AM
 #19

Bitcoin was already a legal currency that all people can accept it or any stablishment and businesses but in some condition their government should accept it first also they need to set up their own wallet that may recieved bitcoin but in an individual we can only used online wallet to used bitcoin.

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October 06, 2018, 03:58:04 AM
 #20

I think Bitcoin will be acceptable and be legitimate in the future. And it will be adjusted accordingly to put more active use.
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