Winklevoss brothers suggests more regulations for cryptos

[kryptqnick]

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

There twins are cool, because they've been promoting Bitcoin for a long time now. They are big holders and influential people. However, the problem is that they see Bitcoin as an investment, somthing similar to stock, while it is supposed to be money. I neer heard of QuadrigaCX, but hacks are a problem, to be honest, so if by regulations they mean adequate responsibility for crypto-related crimes and perhaps more strict requirements for launching exchanges in the first place, then I don't see anything bad in it. If, however, it's about KYC for every crypto user or attempts to regulate the crypto market it terms of the prices and stuff, it's too much of a sacrifice for safety.

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[vv181]

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.

Another 'expert' said nonsense about cryptocurrency. Anyway, What kind of trust do people need from cryptocurrency? Bitcoin especially built based on a trustless system, and are we gonna fix the problem using regulation. That is some nonsense shit that spread in the cryptocurrencies community, they are all misguided about what decentralization means.

[KingScorpio]

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

there is no soviet union of crypto around, that recognizes them and helps them run regulations

entire regulation of the united states basically came as an enforcment from soviet russia, and the american capitalists, constantly passed them after time and time.

that was the history of american capital regulation

without soviet union and socialism/communism from sovietunion american capitalism would have never worked.

[BestSSS]

The brothers Winklevoss is certainly clever people, but if they were even smarter you would sell your bitcoins when you had gzip in 2017 and puresecurity today on bottoms. And so lost 80% of the profits from what they had in December 2017. And to sit in bitcoin for 10 years and do nothing is boring.

[gabmen]

The brothers Winklevoss is certainly clever people, but if they were even smarter you would sell your bitcoins when you had gzip in 2017 and puresecurity today on bottoms. And so lost 80% of the profits from what they had in December 2017. And to sit in bitcoin for 10 years and do nothing is boring.

Well i'm pretty sure that not all their assets are in crypto so they can afford to keep their btcs for probably that long. And they may very well have sold during that time in december. And i agree with them as well with the regulations. For an investor outside the crypto community, it adds to getting a more secure feeling if you're assured that it's in a way regulated.

[YuginKadoya]

The brothers Winklevoss is certainly clever people, but if they were even smarter you would sell your bitcoins when you had gzip in 2017 and puresecurity today on bottoms. And so lost 80% of the profits from what they had in December 2017. And to sit in bitcoin for 10 years and do nothing is boring.

Well i'm pretty sure that not all their assets are in crypto so they can afford to keep their btcs for probably that long. And they may very well have sold during that time in december. And i agree with them as well with the regulations. For an investor outside the crypto community, it adds to getting a more secure feeling if you're assured that it's in a way regulated.

We can surely say that several incidents of hacks and other exchange that turned out to be a fraud had many people doubting the security over cryptocurrency and because it is digital many think that hackers can surely grab into it like taking a candy from a baby, the mindset of most people think this is true that is why this needs to stop, but I guess regulating more cryptos is not the answer for this problem but the knowledge in storing your cryptos in a safe storage and knowing the right exchange to make your trades and be cautious about it is a thing that most traders should do,

[Argoo]

I agree that we need more rules in cryptocurrency. However, the rules are not for changing the essence of cryptocurrency, but clear rules for its circulation in each state. Now we see that the lack of clear rules in the activities of the ICO led to the permissiveness of the ICO team, who are no longer shy to write in the conditions of the bounty hunters joining that they have the right to change any conditions in the ICO at any time. That is, these arbitrarily established rules will correspond to the fact that they can change their mind to pay us the earned tokens or select only a few tokens. This can not last long. We need clear rules for all participants in the cryptocurrency market.

[Halmater]

Some regulations can be implemented without harming decentralized character of bitcoins and these regulations has potential in order to help to strengthen bitcoin position in financial markets in a long term. This issue must be discussed in an open minded mode by people in a platform like this forum.

[Sandus_Cryptolover]

In as much as everyone wants regulation within the cryptospace it should be done at the appointed time and not just to satisfy the heart desires of some individuals. And when it comes, it will surely put an end to exchanges with dirty deals.

[juragane]

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.

we should look from both sides. if in my opinion the good side of all regulations is made to protect traders from criminals, who usually enter trade only to cheat or for something bad, for this reason regulations are made. because those who have evil intentions will certainly be detected by law enforcers, so regulations are the protection of the authorities to protect all citizens.

[Bonsaiav]

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

The crypto market industry has lately seemed sluggish both in terms of the number of investors and buyers. So what they say isn't wrong, considering how important this particular regulation's to encourage the role of the crypto market to become even better, and of course this's the goal aspired by every crypto holder in general. This regulation indeed 'it's time' is needed, especially to provoke enthusiasm and public confidence in the crypto currency.

[Catmurs]

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

The fact that they are smart people I think everyone here is already clear, but I think they consider bitcoin as a speculation and not the promotion of bitcoin as a product for people , I think trust can return without regulating the cryptocurrency, as then bitcoin is lost as a decentralized currency

[jseverson]

The crypto market industry has lately seemed sluggish both in terms of the number of investors and buyers. So what they say isn't wrong, considering how important this particular regulation's to encourage the role of the crypto market to become even better, and of course this's the goal aspired by every crypto holder in general. This regulation indeed 'it's time' is needed, especially to provoke enthusiasm and public confidence in the crypto currency.

You probably mean every crypto holder who wants to make money with their holdings. I mean, I'm not entirely opposed to regulations and I don't particularly care whether or not people are only using crypto to earn, but let's call a spade a spade. The Winklevoss twins are pushing this to make more money.

Everyone wants the market go get better, but not everyone believes that regulation is the way to go about it.

[Xenrise]

I agree on their statement that trust is the problem that made other people regret cryptocurrency. Once a trust that was broken and will be built again, it's big.

A lot of people misunderstood regulations of crypto. Most in here probably think that regulation is of a bad news in cryptocurrency. Technically it is not a bad news, it is a good news in disguise. Regulation only wanted us to have limitations in using cryptocurrencies. I remember a meeting but I don't remember the name of that meeting, in which there was a regulation in cryptocurrency and they wanted to make bitcoin less volatile.

[shamc]

Next week we will see the outcome for 2 applications for the ETF. If there was more regulation then it is more likely to get the green light. There is wisdom in their theories

[jseverson]

Next week we will see the outcome for 2 applications for the ETF. If there was more regulation then it is more likely to get the green light. There is wisdom in their theories

Bolded part is only true if it has been established that ETFs are good for the crypto community as a whole. The community is still split on this.

But yeah, that's their end game. They've been trying to push an ETF for a while now, and more regulations would increase their chances. They could truly believe that ETFs are good for Bitcoin, but anyone supporting them should keep in mind that they're going to benefit directly.

[lyks15]

Yes this is the only way that I think also to take back the people's trust and interest. Because people are always afraid if something especially money involving activities like bitcoin and other cryptocurrency. But I think this is impossible here in Asian country because the government that they have. But I hope regulation or legalization of bitcoin will come even in the long period of time because this is the only way to rise up again.

[dothebeats]

The Winklevoss brothers have already done enough for making crypto visible in the eyes of the world though I think this time they got it wrong. More unwanted regulations being imposed in the cryptospace would mean drifting away from what cryptocurrencies, especially bitcoin initially stood for, which is decentralization, privacy and security. All of this will get tainted if countless useless regulations were to pass and get its hands on bitcoin, and I believe the Winklevoss brothers know of that, though still want to continue shouting for more regulations for 'public confidence' with bitcoin and crypto's identity at stake.

[avikz]

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

Personally I won't contradict with this idea because I also feel the same and it is not just about trust factor. There are numbers of factors can be streamlines if cryptos are more regulated! I have explained the math quite a few time here in this forum. Let me do it again!

1. Regulation brings more users to the ecosystem as a lot of people are not interested in using an illegal currency.

2. Regulation will onboard a lot of merchants to accept cryptos to their daily business. No cryptocurrency can survive with just investors. Imagine you are buying a bottle of beer from Walmart using your bitcoin. Local merchants are the major economic volume drivers.

3. Regulation will reduce the chance of money laundering and terrorism financing. It is a much needed thing to do because terrorism is a big threat to the humanity. Regulation is needed to reduce/stop such kind of transactions.

These three are the main reasons for me to belive that regulation is needed in crypto space. There are more factors but these are the major ones!

[South Park]

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

If what they want is to bring more money to the market and to do it in the fastest way possible then they are correct, more regulation will be needed for it to happen, but if what we want is that cryptocurrencies are as independent as possible from government control so we can decide what do we do with our money regardless of what they do, then we cannot accept so many regulations, and since decentralization is the whole reason of why cryptocurrencies still exist it is my opinion that we should aim for less regulations for the market.