Regulations or Anonymity

[BitDane]

Well, I don't think anonymity will remain in Blockchain technology because it promotes transparency of transactions but some of the so-called "millionaires" were really afraid to expose their true identity because of security reason while some of them avoid taxes and to be traced if they are doing something that is illegal. While regulating the Blockchain or cryptocurrency will somehow protect us from fraudulent projects and scammers. Illegal activities will also be stopped and processes will also be regulated. But this will surely affect us when taxes were imposed on our profits and earnings.

[wewe123]

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.

If anonymity can still be carried on then it could be much better but it depends the current situations, but I must preferrably go with regulations because this could lessen many scams or totally eliminate scams which ever could take effect, it is very important if there is really regulations for the good of cryptocurrency.

[ottogary]

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 regulation should be applied for the developer who are creating a project, that is to avoid people making any scam project that getting more common in the past months. Hopefully with that regulation, the potential of any scam project will be minimized.

[batang_bitcoin]

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.

It really happens today, regulators are starting to involve themselves in crypto market.

Why? there's a big money that awaits for the gov't once they understand that it's not just a simple market or another payment method. There's a big market cap that lies to crypto so they just can't ignore that fact. But most crypto folks wanted anonymity.

[Dreamchaser21]

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?

KYC doesn't guaranteed that you will not be scam because it is being used now to collect information and scam people so technically this won't help much. Regulations is important, but it must be clear so everyone can know their rights. Government regulations will make things better but there's still no guaranteed for security since everything is accessible from the hackers.

[antsam]

Seeing the current state of regulation is indeed very necessary, but not with KYC regulation because the interesting idea of the krypto currency is privacy.

[ishirut009]

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?

it can be both i believe. because some crypto really needs to have regulation in able to perform safe and secure. While on the other hand, anonimity of a crypto or token can perform good as well because of being able to transfer money without any entity tracking what you are buying or selling which is the main goal of crypto since the start imo.

[Horas1976]

Regulations are made to be more orderly, but the fraudster remains and seems difficult to eliminate. Anonymity also needs to be able to protect what we want, but fraud continues, all of this has risks and is full of intrigue. Regulation and anonymity provide an opportunity to be able to accept the risks that occur but cannot eliminate them, but regulations can minimize fraud.

[sabine80]

we only need regulation at icos and not at crypto in general. in my option a complete regulation of crypto could have a negative impact on the market and nobody wants that.

[PanGiMoon]

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 fraud will be in any case. Just adoption makes the market stable and virtually completely profitable, anonymity leaves a lot of old and exposes new market problems.

[chakhigh]

I think regulation and anonymity have to work together for the better future of cryptocurrency.
If there is no regulation, then we are at risk facing scam and fraudulent offers. If there is no anonymity, then we lose transparency and financial freedom.

Take the Gigzi ico project for wealth management, for a sample .. it has a regulated treasury and localised banks for crypto to fiat or gold storage. Plus an anonymous crypto wallet for security.. This is good to answer both regulation and anonymity.

[cryptonight9631]

It is just good to leave both available. Because most of the users wants full anonymity on their transactions while others wants to be regulated to filter out scam coins and other scam services.

[hellyah070]

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?

For most of the smartest projects here on crypto, they prefer to stay anonymous, on the other hand, anonymous project are not that trusted, in addition, regulation is not needed if we prove the project can really stand well.

[ilcapitano]

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 if cryptocurrency market is completely mananged by regulations, it will be no longer its self. Regulations should just be complementary things to help it grow up in a sustainable way

[South Park]

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.

Regulations on the surface seem like a good idea but once you see the regulations being applied your mind will change but then it will be too late, it is better to learn to regulate yourself, when we know that more than 90% of icos are scams instead of looking for reasons to invest in them you need to find reasons to not invest in them and at the slightest sign of something being wrong then you need to consider it as a huge red flag and make you doubtful of investing in that particular ico.

[PuertoLibre]

It is just good to leave both available. Because most of the users wants full anonymity on their transactions while others wants to be regulated to filter out scam coins and other scam services.

Applying strict rules to this industry will not let things turn like in old days. After passing KYC the variables for trading will be limited and liquidity issues will start to appear. Wise scammer will found new ways like phishing  to grab free money.

[Thomas-s]

It is just good to leave both available. Because most of the users wants full anonymity on their transactions while others wants to be regulated to filter out scam coins and other scam services.

Applying strict rules to this industry will not let things turn like in old days. After passing KYC the variables for trading will be limited and liquidity issues will start to appear. Wise scammer will found new ways like phishing  to grab free money.

scammers are becoming more sophisticated. It scares me how smart they are. Market regulation is needed as soon as possible

[Bomber007]

Even if it is fully regulated, scammer would still think of ways to exploit the system, I think we shouldn't go for regulation because people are getting wiser and know to stay away from scams.

[Esterklu]

I am for the idea of anonymity, because with the regulation the meaning of cryptocurrency is lost. As I see, the scammers cheating KYC rules by purchasing someone else's data that are being sold by those who have collected them from naive users who have participated in ICO, bounties and airdrops.

[adzino]

The KYC thing will not be stopping scam. It might help reduce it, but will never stop it. No matter how much verification and other stuffs are required, you can't totally stop people from scamming. They will find their way to just rip off people.
Regulations might help but having extremely strict regulations might make the system end up being some what centralized. We don't want that to be happening.