Winklevoss brothers suggests more regulations for cryptos

[Unblock_news]

During the conference at South by Southwest in Austin, Texas, Winklevoss brothers said that regulation is needed in order to bring back people’s trust to cryptos.

Full article here: https://www.unblock.news/news/winklevoss-brothers-suggests-more-regulations-cryptos

[boyptc]

Winklevoss brothers said that regulation is needed in order to bring back people’s trust to cryptos.

And in order to bring more money to the market.

Regulations will suddenly come and the purpose of decentralization will gradually change as well.

[TheBlock]

Also it feels like regular people not having a lot of knowledge about cryptos can trust companies, when bad things happens people loose their trust in letting people hold your funds.

[mk4]

"There are a lot of carcasses on the road of crypto that we’ve seen and learned from"

Unfortunately though, it looks like not enough people are learning their lesson from reading about these kinds of incidents(like what happened to QuadrigaCX). It seems like people only learn when they experience losing their funds firsthand themselves. 🤷‍♂️

[libert19]

We already trust crypto, we don't need any regulations — crypto was fine when there were no regulations, regulations has only made things complicated. May be that I am just looking at the worst side of it.

[pooya87]

people should not trust cryptocurrencies if they were regulations in place because regulations are not regulating the projects and the developers, they are instead regulating the market and the businesses! not to mention that anybody who thinks otherwise has not understood what the term "Decentralized" means!
obviously people like Winklevoss brothers having a business and running for their own ETF want regulations because it affects them the most. and they want their "business" to grow.

[Wind_FURY]

Bitcoin does not care. More regulations? Bring them on, Bitcoin will not be compromised. We can always use it to send coins, censorship free, and unstoppable to anyone in the world, thanks to the non-centralizing design decisions made by the Core developers.

[ranman09]

"There are a lot of carcasses on the road of crypto that we’ve seen and learned from"

Unfortunately though, it looks like not enough people are learning their lesson from reading about these kinds of incidents(like what happened to QuadrigaCX). It seems like people only learn when they experience losing their funds firsthand themselves. 🤷‍♂️

Repentance always happens at the end of everything we do. Let's just hope people will change and apply learnings from failures. I wish people, especially exchanges join on this move so more people will comfortable on using exchanges. Even I can't sleep with much of my funds on exchanges.

[Kemarit]

people should not trust cryptocurrencies if they were regulations in place because regulations are not regulating the projects and the developers, they are instead regulating the market and the businesses! not to mention that anybody who thinks otherwise has not understood what the term "Decentralized" means!
obviously people like Winklevoss brothers having a business and running for their own ETF want regulations because it affects them the most. and they want their "business" to grow.

This is the the main reason why Winklevoss brothers is pushing for more regulations in crypto because it simply means that they earn lots of money in the market. Everyone has it's own intention whether good or bad and I think the twins though, even though they really have the narratives to put forth a regulation, but I guess, it's debatable, will it really bring back confidence from the investors to bring their money in the market again?

[muslol67]

We already trust crypto, we don't need any regulations — crypto was fine when there were no regulations, regulations has only made things complicated. May be that I am just looking at the worst side of it.

Regulations can be useful for us. Of course there will be some arrangements we don't want. But in general it would be good to draw borders. It is not possible to completely block Blockchain transactions. The use of people cannot be prevented, but none of us want to be used for malicious purposes.

I can give the approval of the legal regulations to be done by giving the least harm to the subject of indifference. The right regulation will benefit all of us. Especially exchange should take responsibility for their transactions. So how many people think that if the Binance closes access to the system, how many people will be victims? Why should we say no to the regulations that will regulate this and ensure people's investments?

[NeuroticFish]

people should not trust cryptocurrencies if they were regulations in place because regulations are not regulating the projects and the developers, they are instead regulating the market and the businesses!

Clearly the regulations should be related to the businesses related to Bitcoin (especially exchanges) to reduce manipulation, fake volumes, maybe pump and dump schemes too and of course exit scams.
Even regulations about the coins being currency, security and so on are referring on how businesses or governments handle them (and tax them).

What would mean a regulation for a free project available for everyone?! Maybe my brain is not completely awake yet, but I have difficulties understanding that concept.
Imho everybody talking about regulations for Bitcoin or for crypto are referring to making regulations for the businesses.

[coin-investor]

During the conference at South by Southwest in Austin, Texas, Winklevoss brothers said that regulation is needed in order to bring back people’s trust to cryptos.

Full article here: https://www.unblock.news/news/winklevoss-brothers-suggests-more-regulations-cryptos

They are both observant on what's happening to the Cryptocurrency community exchanges and ICO and bounty hunting are at it's worst right now, we need a certain regulation to change everything, although I am loss on how this will be implemented but we need a fix as soon as possible or we will be in a very worst situation.

[kelz1]

They are kind of right in that regular joe public is always reading about these hacks and scams which puts people off from using it. Banks are easier to use for now, but times are changing so regulation will help improve trust and reduce scams

[Stanlo]

I think bitcoin and other coins will do fine without regulations and moreover regulations will only open door to more manipulations ,these people are just after there own gain is all

[Nadziratel]

I am in full support of this movement, regulations of cryptocurrency is the key. The only way to bring in more investors and encouragement is by regulations. Especially a huge regulations on a the amount of exchanges been created daily and also on the amount of Bitcoin that are been sold daily. All this will increase the price of Bitcoin and making it prominent as it was before.

We shouldn't say that. There will be no support. If we say that we agree with all regulations, they will may regulate full ban. Never let that happen!
We are OK if they are planning to make a boundaries and never touch decentralized structure. I can understand that if they have doubt about AML and terrorism. But nothing more!

I think bitcoin and other coins will do fine without regulations and moreover regulations will only open door to more manipulations ,these people are just after there own gain is all

I don't think so also. Without regulations we are completely unprotected! We should accept some regulations especially about user protection.

[MakeMoneyBtc]

I think bitcoin and other coins will do fine without regulations and moreover regulations will only open door to more manipulations ,these people are just after there own gain is all

We've already seen multiple cases of people getting scammed by companies worth billions of dollars. Most o them never got their money back and I a sure that 90% of those people are never going to invest in cryptocurrencies because of that. Along with them, other people lost trust in cryptocurrencies because their money and investments are not protected by any law. That's why cryptocurrencies need more regulations

[DeathAngel]

During the conference at South by Southwest in Austin, Texas, Winklevoss brothers said that regulation is needed in order to bring back people’s trust to cryptos.

Full article here: https://www.unblock.news/news/winklevoss-brothers-suggests-more-regulations-cryptos

I don’t disagree, not sure if bitcoin needs regulations to survive bit to bring in institutional money & big players regulations might be required.

[sekarindah3434]

regulation need for making crypto popular.

[eaLiTy]

And in order to bring more money to the market.

Regulations will suddenly come and the purpose of decentralization will gradually change as well.

This might not be exactly true, but the regulation must be there for exchanges so that we wont see much hacks and other shady activities we have seen throughout the past few years and we need to scrutinize the ICOs which are collecting huge amounts of money and doing nothing and to curtail the scams regulations are needed, but that does not mean that the decentralization will be reduced, but the exchanges and ICOs who run away with users coins will be held accountable.

[franky1]

regulations dont give crypto more trust
the crypto itself has built in trust

regulations are about giving business a shiny sherrifs badge so that when people interact with a business it makes people think that a business has authority/respect/trust to handle their funds

regulations are not really about consumer protection. they are actually about giving business authority for the business to police its customers in exchange for bing able to operate and do certain activity that normal joe blogs is not allowed to do

people using crypto dont need or care about business. crypto (true blockchain crypto) is meant to be self sufficient without need of business monitoring users

those desiring regulation dont care about crypto, dont understand the purpose of crypto, and just want some shiny badge that allows business to make FIAT profit.

but here is a funny thing.
the winkles want MORE regulation. and yet its actually regulation that has held the winkles back from just doing what thy wanted 5 years ago
its like inventing a 100metre race, and then asking for barriers to be added to slow the race down purely for hopes it will attract more participants. when infact those that want to just run 100mtres will get peed off with all the hurdles