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Author Topic: Bitcoin Acceptance.  (Read 2399 times)
gadimbrut
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October 16, 2018, 01:14:30 PM
 #101

in my opinion, what needs to be regulated by a country is to legalize the use of bitcoin, because after I have few countries legalize the use of bitcoin, including my country, if more countries legalize bitcoin, more people will use bitcoin.
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October 16, 2018, 01:42:31 PM
 #102

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?
Maybe what do you mean by acceptance of bitcoin by the government? if indeed the world government adopts bitcoin technology that is Blockchain I think it's permissible, but if the government regulates bitcoin I think it will not be possible. Because bitcoin can be accepted by anyone, but bitcoin is anonymous, no one will arrange it.
Decentralization is the main reason why people loves using bitcoin. Therefore if it will be gone then there is no use of it, or it has no difference to fiat. It will be useless as to be called as digital currency, or the new face of currency. The regulations must be implemented to protect the rights of the investors not for the government to take charge of the system.
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October 16, 2018, 02:06:29 PM
 #103

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?


the question, who set it up? after all bitcoin has fantastic value because no country can manage bitcoin. this is a fact aside from technology. so this discussion is not very relevant.

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October 16, 2018, 02:18:56 PM
 #104

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?
Maybe what do you mean by acceptance of bitcoin by the government? if indeed the world government adopts bitcoin technology that is Blockchain I think it's permissible, but if the government regulates bitcoin I think it will not be possible. Because bitcoin can be accepted by anyone, but bitcoin is anonymous, no one will arrange it.
Decentralization is the main reason why people loves using bitcoin. Therefore if it will be gone then there is no use of it, or it has no difference to fiat. It will be useless as to be called as digital currency, or the new face of currency. The regulations must be implemented to protect the rights of the investors not for the government to take charge of the system.
Indeed, if regulations needs to be implemented it should be focused with investors and traders rights, there's nothing to be changed with the system and how things works being decentralized, if the government are concerned with their people they should create additional laws about digital currency within their jurisdictions but the sole purpose for international decentralized chain should not be affected.

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October 16, 2018, 02:37:56 PM
 #105

if bitcoin accepted by the public and becomes the main facility for transactions, national or international. for small values or large values, bitcoin always requires regulation.

hacking, theft, scam, and every FUD always comes every time. regulation has the aim to protect each asset and protect users from all that. so, regulation is very important.

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October 16, 2018, 02:56:59 PM
 #106

Regulations are good but bitcoin decentralized nature is something to be concerned about,but I know certainly that the creator of bitcoin can create what anybody needs to regulate it,its like virus and anti virus,.then bitcoin can gain more acceptance..
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October 16, 2018, 02:59:22 PM
 #107

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?

Above fact " decentralized" you have mentioned is the main reason why the world hesitate to accept or regulate bitcoin today because how can governments allow a digital currency to use in there country when there is no centralized authority who can take the responsibility but if bitcoin becomes widely expanded in the financial world there is a possibility it will be accepted unofficially as an alternative international currency in the world  

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October 16, 2018, 03:09:24 PM
 #108

in my opinion for the time being that is the thing that must be considered, and if possible it should be realized, because I am sure that if the bcc can be received by the government and regulated by the government then the things we can feel directly are security against BTC which is better, then we can find out where the coin goes if there is hacking, and what is even better is if there is a btc theft or hack there will be a legal entity that regulates it so in my opinion it will be very good if realized.
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October 16, 2018, 03:11:53 PM
 #109

i think bitcoins is the future of digital currency and bitcoins will be the future currency
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October 16, 2018, 03:32:37 PM
 #110

If bitcoin is tuned to be legitimate and recognized by governments then I think it's an impossible thing because if bitcoin adjusts then it will lose many of its great functions. Bitcoin will no longer be bitcoin if it is managed from someone.
rtm125
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October 16, 2018, 07:35:21 PM
 #111

Of course, this will be a violation of all the principles of bitcoin. But on the other hand, it will enable cryptocurrency to develop officially. I think that if the government finds the right approach to regulation, it will not violate the decentralization of bitcoin.

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October 16, 2018, 07:42:53 PM
 #112

This is a very difficult question. For someone the official permission of the government to bitcoin to increase confidence in him. For someone bitcoin will lose its main feature in the case of regulation by the state. And I rather belong to the second category. Bitcoin needs to remain decentralized.

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October 16, 2018, 07:49:22 PM
 #113

I hope it never happens. Otherwise, bitcoin will lose its main feature, which has become one of the key factors of its success - decentarilization. However, time will show how things will actually be. I hope bitcoin will cope with the state pressure.


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October 17, 2018, 04:11:29 AM
 #114

Millions of people use cryptos and Bitcoin already and the nunber is increasing.

Bitcoin is so much superior to the US dollar, there's no comparison. It is traceable, impossible to steal without leaving a trace, it's decentralized and you can run your own bank at home.

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October 17, 2018, 07:43:25 AM
 #115

Cryptocurrency or bitcoin already accepted. About disregarding decentralized nature, The government should form a governing body who has the authority for centralized bitcoin.

Monitoring all activities like investing and trading and protecting users and investors from hacking.

The regulation should be based where the cryptocurrency receives negative publicity, and banned those illegal doers, and laws for better stability.
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October 17, 2018, 09:22:51 AM
 #116

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.
accepted by more and more people and government. people will have good understanding about bitcoin and start to enter them. secondly, government will accept bitcoin as a legal currency
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October 17, 2018, 11:13:58 AM
 #117

Without regulation, it will simply have no future.He will not give the road and just block the oxygen.The decentralized nature will always leave it on the other side of the law.Few States would agree to cooperate on such terms.There is no need to be afraid of legalization and centralization.They will not harm Bitcoin's activity in any way.

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October 17, 2018, 12:05:22 PM
 #118

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?
actually crypto currency receipts can all accept if all countries accept crypto currencies as the currency that applies to crypto currencies created as technological development demands and the era of economic development must also follow it in my opinion crypto currency will be acceptable because it follows the development of technology
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October 17, 2018, 12:30:35 PM
 #119

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.

Yes, regulation isnt necessary. But it would significantly accelerate the growth of popularity of bitcoin and other cryptocurrencies, but at the same time it would put an end to the huge incomes from these assets.
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October 17, 2018, 02:22:19 PM
 #120

I don't agree, if bitcoin is accepted on that condition. then bitcoin is not a decentralized technology. the purpose of Bitcoin is made to eliminate centralized control. and users are free to use their assets without rules restrictions. then if bitcoin follows fiat rules and others by the government. Bitcoin doesn't work on the way.
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