Regulations or Anonymity

[aceptamosbitcoin]

These two have been topics of debates for quite some time. Some want Anonymity, while others want Regulation. Either of these two will work best for us.
It will get to a time that we just have to choose between Regulations and Anonymity.

In my opinion:
If blockchain  is redesigned without privacy, everything will work fine. Full KYC will make scams impossible.
What is your take on this?

I value my privacy more so I prefer Anonymity.

And how full KYC will make scams impossible? In countries like Hungary and Bulgaria, you can't buy prepaid SIM cards without ID. Do you think this solve the scams with phone scammers? Nope, criminals just hired gypsies to register cards on their names for 10-20 Euros and then everything continue in usual manner. This was just a simple example. In countries like Croatia and Slovenia you could buy a SIM card from every kiosk or gas station without ID or anything for 2-3 Euros and criminal rates are few times lower than Hungary and Bulgaria.

[LUGHUL]

Everyone has their own opinions about this. Because regulation is not always good and anonymity is not always bad. Both of them have their own portions. And I think blockchain technology is correct with its anonymity.

[anobtc]

I think the blockchain as well as Bitcoin was originally created for the purpose of anonymity. And we should follow that original goal, rather than now looking for ways to manage and bring it into law.

[tamango]

If I have to choose I will prefer a full regulation if this means no more scams..unfortunately there are too many scams nowadays and this is the worse thing that makes every  big investors stay out of the market

[CLywaTeLb]

I think the blockchain as well as Bitcoin was originally created for the purpose of anonymity. And we should follow that original goal, rather than now looking for ways to manage and bring it into law.

Yes, something like this.
Crypto environment was originally created as anonymous and transparent. For individuals. If an organization appears in a crypto area, then it is a legal entity, then it must be public. With regulation for legal entities. This is necessary to protect individual users. In this case, a system with anonymity and transparency is possible, where only petty fraud is possible.

[CaptainKid]

These two have been topics of debates for quite some time. Some want Anonymity, while others want Regulation. Either of these two will work best for us.
It will get to a time that we just have to choose between Regulations and Anonymity.

In my opinion:
If blockchain  is redesigned without privacy, everything will work fine. Full KYC will make scams impossible.
What is your take on this?

I value my privacy more so I prefer Anonymity.

And how full KYC will make scams impossible? In countries like Hungary and Bulgaria, you can't buy prepaid SIM cards without ID. Do you think this solve the scams with phone scammers? Nope, criminals just hired gypsies to register cards on their names for 10-20 Euros and then everything continue in usual manner. This was just a simple example. In countries like Croatia and Slovenia you could buy a SIM card from every kiosk or gas station without ID or anything for 2-3 Euros and criminal rates are few times lower than Hungary and Bulgaria.

I agree with you, and I also believe that fraudsters will always find a way to deceive us, whether there will be regulation or not, therefore we need to be extremely careful. But when the market is regulated, it can be assumed that it will not be so volatile, which means that it will not attract many investors.

[Oceat]

At some point, these two had some pros and cons. Better regulations don't stop scammers from scamming, it will just make a new way to scam people again. If blockchain had no security, you think the mined coins would be safe from hacking? It is not totally anonymous because everyone can still view the transaction history but the only anonymous to it is the person who is using the address.

If they want a better anonymity, i suggest they have to simply make your transaction history hidden to everyone except to the one that you have negotiated with. But just like i said, these had pros and con. Everyone can freely make a choice what is convenient to them.

[Idrisu]

I think regulations will work better for us.  The rate of scam in cryptocurrencies is at the slamming rate and this is happening because Cryptocoins market and transactions is anonymity.  I think if it is regulated governments will set up measures that will reduce crime and criminality.

[kaito.]

i would prefer anonymity rather than regulation using KYC if possible.
because even KYC nowadays can't fully prevent scam, people can fake their identity on social media or full KYC check. even video call for KYC can be cheated by hiring someone. so to say that it can prevent scam was not really true, the best it can do was only minimize it.
the first cryptocurrency bitcoin was created to make it's transaction posible confirmed by everyone but can also stay anonymous. also blockchain selling points is anonymity. so it's right to say if crypto community boast it's anonymity and it's nearly imposible to be regulated at least for now.

[IPFSHASH]

KYC is a joke, What they inherently do is deputise you so you can rat everyone out to the government. no one is safe ever. Its up to you to keep your funds safe. Pirate chain will be the most anon currency in about 3 weeks with the first sapling only implementation. Closest crypto to cash imo. You cannot even look up transactions on the explorer. IRS cannot trace shit and nor can anyone else.
Anonymity = Security = Privacy
 If you need someone to protect you then..  you just need to stop being a pussy

[Ozero]

These two have been topics of debates for quite some time. Some want Anonymity, while others want Regulation. Either of these two will work best for us.
It will get to a time that we just have to choose between Regulations and Anonymity.

In my opinion:
If blockchain  is redesigned without privacy, everything will work fine. Full KYC will make scams impossible.
What is your take on this?

Privacy is necessary, especially in cryptocurrency. States will strive to reduce the maximum level of privacy and anonymity in cryptocurrency, so that the level of popularity of cryptocurrency among the population fell. Therefore, we need to defend our right to anonymity and privacy when working with cryptocurrency and to give the minimum possible from these concepts, only what is reasonable and really necessary.
KYC verification will not eliminate the problem of fraud. Now here on the forum there is information that on the Internet you can buy KYC check data from many well-known exchanges. For ten dollars you can buy hundreds of information about individuals and their documents, and with them anywhere you can get tested by KYC now. Bulk will be much cheaper. Do not be naive, fraudsters only gain from KYC testing.

[spike420211]

The whole 2018 year was devoted to anonymity, which we saw this year, an incredible amount of manipulation, fraud, fraudulent schemes, a huge number of scam projects, and all this for the most part went unpunished. Perhaps it is time regulation.

[yesyes18]

Honestly speaking, many people would've loved the anonymity aspects but we shouldn't also forget that the governments run everything in relations to human affairs and so we won't get pass them very easy and conveniently. So in my opinion, I think regulations are surely gonna come in.

[Classica35]

I have seen so many scam projects that stole the identity of participants. I then sometimes wonder why this happens. Perhaps they will be selling to identities out.
I would prefer decentralization and based on my observation, decentralization has been the attractive force of investors to the space.
Identity is an integral part of one's life, which needs to be protected.
This is more reason I prefer decentralized exchanges.

[semobo]

These two have been topics of debates for quite some time. Some want Anonymity, while others want Regulation. Either of these two will work best for us.
It will get to a time that we just have to choose between Regulations and Anonymity.

In my opinion:
If blockchain  is redesigned without privacy, everything will work fine. Full KYC will make scams impossible.
What is your take on this?

But most of the people who accepted cryptocurrencies in the early days are just because of its anonymity so making points based on the anonymous is more better to be a cryptocurrency than a regulated one.

[South Park]

These two have been topics of debates for quite some time. Some want Anonymity, while others want Regulation. Either of these two will work best for us.
It will get to a time that we just have to choose between Regulations and Anonymity.

In my opinion:
If blockchain  is redesigned without privacy, everything will work fine. Full KYC will make scams impossible.
What is your take on this?

If you want everyone to go through KYC then why use cryptocurrencies in the first place? Use fiat and be happy with it, cryptocurrencies are a new way to understand money so you cannot expect to apply all the regulations of fiat in this market and somehow make it work, if you want the number of scams to go down then we need to begin by avoiding being scammed ourselves and that is relatively easy since you only need to use your common sense and avoid greed taking control of your decisions.

[oudekaas]

I think that these two words are not connected. I think that there is nothing bad in regulations. You're right, it should reduce the % of scam projects. But blockchain became popular for it's anonymity. It was a great advantage. As for me, between these sides I'll choose Anonymity.

[PuertoLibre]

Honestly anonymity is meaning more rather regulation for me. States should apply strict rules to centralized exchanges based on same origin but crossing red line is unacceptable for me.

[awilliams]

I think the blockchain should remain anonymous. And decentralized. Otherwise, the idea is lost.
KYC should be carried out just for project organizers. Then the scam will be impossible since the scammers can be found and punished according to the law.

Yep, I agree with you on all the above

[thunderbitz2717]

For some cases, regulations is badly needed just to give a bit of security and assurance that if any thing happens, there will be someone to catch with. This is just a tool to protect the overall situation of the system from illegal activities. Example in ICO, regulations should be done to protect investors from scam. For some, anonymity is also needed to preserved the decentralization characteristics of cryptocurrency.