Regulations or Anonymity

[Red-Apple]

I think the blockchain should remain anonymous. And decentralized. Otherwise, the idea is lost.

you are wrong because the "idea" of the "blockchain technology" has nothing to do with decentralization or anonymity. the idea of blockchain technology is to use cryptography and to create a ledger that can create time-stamped documents and holds them which would be fraud proof since it is backed by the cryptography and can not be changed.

then we use it in cryptocurrencies which again do not have to be decentralized or anonymous!

so we have different categories. blockchain technology used elsewhere in different fields like a hospital storing patient data on a private centralized  ledger which has nothing to do with cryptocurrencies and has no tokens on it! and cryptocurrencies which can be centralized ones and decentralized ones.

[Script3d]

I would probably want both, not that much of regulation but with better anonymity, i guess you can't have both but both of them got its own advantages and disadvantages, you can't really pick both.

[vova.andreyan.94]

Personally, it seems to me regulation will not give us what we would like, most likely on the contrary, regulation will make the market unacceptable for a large number of investors, so it is possible that anonymity is preferable!

[matthewio]

The day you register your details into some centralized exchanges (which can sell/release your personal information to a third party e.g Government), that is the day you loose your anonymity , not the day some government regulations. Blockchains are pseudo-anonymous and centralized entities such as exchanges,some web forms where you have to input your name and wallet address, social media-linked wallets etc are all points of failure.

[libert19]

'Full kyc will make scams impossible' — not really true, scams also happen in regulated entities, although regulation will minimize them to some extent.

Anyway, most of scams in crypto happen due to users own less diligence.

[Saint1990]

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?

Scams are possible mostly because people are greedy and jumps in without thinking. Full KYC could allow a new level of scams, like identity theft (just think: not all coin developers are very good).
Even anon coins do have the feature of auditing. Monero has something like view keys.

What I want to say is: KYC would not help and scams can be checked out even on anon coins with auditing.
So imho even the current "transparency" where everybody can see what's in your pocket is too much.

Agreed, and I'm pretty sure KYC scams are already happening. You do see 'airdrops' that require KYC... it would be a very bad idea to hand over your valuable personal information in exchange for coins that are likely worth a couple of dollars at most. Unfortunately scammers can rely on the KYC requirement giving them a badge of legitimacy.

In cryptomarket there are honest & dishonest projects too, what about honest projects which are launching airdrop or bounty campaign? KYC will actually help all legitimate participants to get fair rewards from scammers. Automated bots might be able to submit online forms & join their TG community but they can not pass KYC?AML check. KYC/AML can be used as protective mechanism but we as a hunter or investors needs to be vigilant to find the legitimate projects. 

[batang_bitcoin]

Anonymity for transactions and regulation for exchanges that operates locally.

Many are subject against KYC because they are scared that their data will be hacked which is of a trend right now. Regulations strengthens the validity of exchanges and its users but it doesn't guarantee that prices will increase. People like to attest regulations because of the belief that it will increase prices.

Regulations should bring institutional investors, that is why people believe that regulations will help increase the price of cryptocurrencies. But I think, that regulations will decrease the volatility and is that good?

Regulation will decrease anonymity that's the counterpart of having it.

No another 10x,100x in the future? 

I'm optimistic with 10x in the future.

[CryptoBuds]

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?

The main reason why blockchain should be based on privacy is avoiding situation when somebody who knows that you have money come to you and force you to transfer your crypto to him. It sounds pretty scary, but it would be the future if every blockchain project implements mandatory KYC process.

[funchiestz]

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 think it's two-in-one. We need to be able to move anonymously in a regulated market. This regulation should not be too strict. It should be flexible structure suitable for decentralized applications.

[Bttzed03]

Most scams related to cryptocurrency came from ICOs. Focus the regulation to them. Regulating the entire market could hinder its growth.

[BitcoinHodler]

if they regulate the market your anonymity is still going to stay the same as it always been so your title doesn't make any sense at all. as for the rest i think that people are putting too much faith in regulations for some reason as if they haven't seen any regulations in their lives before. they are not going to do anything about scams. the market will still remain somewhat decentralized and scams will still occur. specially now that decentralized exchanges are becoming more popular.

[Bittalk12]

Without proper regulations, it will always be abused by many and will be used to scam people. That is what the government don't wanted to happen to its citizens. It is always possible to create regulation with anonymity like KYC requirement during ICO and their transaction on blockchain will be anonymous when they start trading it right? Besides, that also applies to trading platform where they can track the user of the wallet address if theu submitted KYC.

[Dewi Aries]

If me i will follow anything that can make bitcoin and other cryptos be better, not only in it's system, but it's value too. Even should do KYC, if a site force us to do that, we must do that thing. Even it is different with anonymity that offered by crypto before.

[iqlimasyadiqa]

for me that regulation is the most important thing. with the regulation, the circulation of digital currencies will be controlled much better. there will be a certainty that can make the price of the digital currency increase. this all requires development and the role of the government in making a regulation must be implemented immediately.

[Pffrt]

If you are thinking about KYC, just go back to the system introduction. Why cryptocurrency is here? To reduce all the problem we are having from govt, the bank I mean to reduce centralization. If you are going with regulation, you are not supporting decentralization which is opposite to the cryptocurrency system. So, I think no regulation is required.

[Evushko]

Unfortunately, there is no complete anonymity! And regulation of rules is good, although very strict rules often scare us!

[VanDeinsberg12]

Anonymity for transactions and regulation for exchanges that operates locally.

Many are subject against KYC because they are scared that their data will be hacked which is of a trend right now. Regulations strengthens the validity of exchanges and its users but it doesn't guarantee that prices will increase. People like to attest regulations because of the belief that it will increase prices.

Regulations should bring institutional investors, that is why people believe that regulations will help increase the price of cryptocurrencies. But I think, that regulations will decrease the volatility and is that good?

Regulation will decrease anonymity that's the counterpart of having it.

No another 10x,100x in the future? 

I'm optimistic with 10x in the future.

Regulation to remove the anonymity and the regulators can monitor the crypto market. But this time it's already happened through various centralized exchange site which give responsibility to the users to complete the identity verification.

[r_delossa]

I think we need to make the crypto currencies industry more safe for people. If we would not regulate projects, we would lose a lot of investors and it is definitely very sad. It does not mean that we need to undergo the full KYC, but something that can protect investors from fraud ICOs would be great.

[wuvdoll]

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?

There should be some sort of in between zone for this question. I mean if someone wants to be anon then they should be allowed to be anon however if they want to get regulated then they can. I know it looks like both can't coexist together but the closest we have is that "people can do whatever they want with their bitcoin and governments should not care about it, as soon as they turn their bitcoins into fiat then it should be regulated properly and traced".

Even if you turn your coins into fiat at a low amount or high amount regulations should check where that bitcoin came from and how you made it and so forth, which means they will go into your bitcoin history as well, just not when you do not want them to. If you do not want your bitcoins to be seen or known, it should be allowed to hide them, its the cashing out that should be regulated.

[jan.nicolas]

Thoughts that are very much in regulation today, but it must be remembered that cryptocurrencies were created anonymously, so in my opinion it is necessary to leave anonymity online.