We need regulation pretty bad

[ghermghuda]

Well this regulatory issues are something that can be debated on for years. Fact is that we should know scammers are scammers and they won't stop. moreover we shoul note that Bitcoin and cryptos in general were built to be uncensored so overregulation could kill it tho.

[kram31]

I second the motion.
Regulation will make many country open for cryptocurrency and bitcoin mass adoption.
Their local merchants will start to accept cryptos.
Many future scammer team will be regulated or put in jail.

[pelumi20]

The regulators won't help the defrauded investors for recuperating their misfortunes, the inconveniences of the regulation can demolish the genuine Satoshi vision. IEO extends nearly diminished the trick pace of over 70% as I would like to think, the presence of exacting standards will just bring less opportunity for crypto financial specialists. The genuine devotees consistently pick the correct way of the real influencers, different ways are not getting down to business as I would like to think

[odukoyaewatomi27]

Regulations won't be very helpful,  con artists to couldn't care less about the law and they will make false characters and qualifications and after that individuals will put resources into those tricks thinking they are secure in light of the fact that presently there is regulation set up, in certainty it is conceivable that regulation can aggravate things even, we can see this with the regulations that constrained icos to request KYC data out of their financial specialists, tricksters were extremely upbeat that such regulation go since they could likewise take the personalities of their speculators and not just their cash.

[furball64]

Apart from scam artists in crypto space we have too many unprofessional developers that falsely act like they are really good in a particular field and try to build blockchain based projects but failed in the end,if there is really any way to make blockchain available to only professionals that are qualified it would have been a different story for crypto,even scammers wont have a chance,this is why i think we need REGULATIONS pretty bad.

I am sure that in the crypto market it is possible to skillfully combine regulation during the various rounds of ICO and IEO in order to protect investors from scammers. At the same time, do not allow regulation for trade, mining and other areas of the crypto market. With the wise use of regulation for the crypto market, it can be beneficial not to amend freedom.

[nightflightcourt]

Its the same people who wants regulation on the open crypto markets. NO we don't!

I don't need uncle SAM to know what I'm trading, what I buy, or anything else for that matter. Bitcoin and crypto wasn't invented to regulate it, better buy stocks if you are in that belief!

Decentralized trading is gonna be huge soon, which is why I'm very excited to see Stakenet's Lightning DEX solution which will compete against against a LOT of other DEX solutions. It's gonna be superior in trading fees, speed, and liquidity, since it runs on Lightning through masternode lightning hubs.

Do your own research on this one, but this project aims to REMOVE all kinds of regulations from crypto, and will enhance BTC and LTC massviely with their dApps.

I agree with you. A tightly-controlled, permissioned blockchain authorized by a central bank sounds like an absolute nightmare.
I don't believe Satoshi Nakomoto would have even bothered developing Bitcoin had he expected blockchain to be used as an instrument of slavery like that. Honestly, we'd be better off using fiat cash at that rate.

If Stakenet succeeds at providing an immutable DEX with full interoperability between a theoretically-unlimited coins directly from a private qt wallet, the only thing lawmakers and regulators could do is punish people for using it. It'd be completely out of their control..

[jthor]

Its the same people who wants regulation on the open crypto markets. NO we don't!

I don't need uncle SAM to know what I'm trading, what I buy, or anything else for that matter. Bitcoin and crypto wasn't invented to regulate it, better buy stocks if you are in that belief!

Decentralized trading is gonna be huge soon, which is why I'm very excited to see Stakenet's Lightning DEX solution which will compete against against a LOT of other DEX solutions. It's gonna be superior in trading fees, speed, and liquidity, since it runs on Lightning through masternode lightning hubs.

Do your own research on this one, but this project aims to REMOVE all kinds of regulations from crypto, and will enhance BTC and LTC massviely with their dApps.

I agree with you. A tightly-controlled, permissioned blockchain authorized by a central bank sounds like an absolute nightmare.
I don't believe Satoshi Nakomoto would have even bothered developing Bitcoin had he expected blockchain to be used as an instrument of slavery like that. Honestly, we'd be better off using fiat cash at that rate.

If Stakenet succeeds at providing an immutable DEX with full interoperability between a theoretically-unlimited coins directly from a private qt wallet, the only thing lawmakers and regulators could do is punish people for using it. It'd be completely out of their control..

Paper money, unlike Bitcoin, has a high level of anonymity. I think that Bitcoin will serve us on the contrary, there will be no more anonymity in payments.

[nightflightcourt]

Its the same people who wants regulation on the open crypto markets. NO we don't!

I don't need uncle SAM to know what I'm trading, what I buy, or anything else for that matter. Bitcoin and crypto wasn't invented to regulate it, better buy stocks if you are in that belief!

Decentralized trading is gonna be huge soon, which is why I'm very excited to see Stakenet's Lightning DEX solution which will compete against against a LOT of other DEX solutions. It's gonna be superior in trading fees, speed, and liquidity, since it runs on Lightning through masternode lightning hubs.

Do your own research on this one, but this project aims to REMOVE all kinds of regulations from crypto, and will enhance BTC and LTC massviely with their dApps.

I agree with you. A tightly-controlled, permissioned blockchain authorized by a central bank sounds like an absolute nightmare.
I don't believe Satoshi Nakomoto would have even bothered developing Bitcoin had he expected blockchain to be used as an instrument of slavery like that. Honestly, we'd be better off using fiat cash at that rate.

If Stakenet succeeds at providing an immutable DEX with full interoperability between a theoretically-unlimited coins directly from a private qt wallet, the only thing lawmakers and regulators could do is punish people for using it. It'd be completely out of their control..

Paper money, unlike Bitcoin, has a high level of anonymity. I think that Bitcoin will serve us on the contrary, there will be no more anonymity in payments.

Bitcoin allows for plenty of anonymity. The infrastructure of its ecosystem, on the other hand, compromises it. The centralized mediums which it is exchanged on have been compromised by KYC policies. Every time someone gives up their identification, it compromises that inherent privacy. This has been going on since at least 2011. Stakenet attempts to finally eliminate this problem with instant private lightning atomic swaps. If you have Bitcoin, you will be able to swap it into LTC, XSN, LTC, and BTC again - privately - all within a matter of seconds - no matter the amount - without any KYC. This should fully restore Bitcoin's essence as P2P cash.
Here's a more detailed read on it, if you're interested.
https://medium.com/altcoin-magazine/the-cypherpunk-standard-of-banking-88f84a834180

[Kwansimaa]

This is a good idea since the crypto world is now made up of unprofessional developers are pretends they know it all but honestly they know nothing and fail in all the project they build based on blockchain and surely if crypto is to be regulated, it will help curb all these unprofessional developers and do away of these scammers. Regulation doing all these will bring much adoption as well into the crypto industry.

[JeromeL]

The crypto market is a place where people want to be anonymous and do not want to undergo the same regulation as in our daily lives. That is why many of us do not want to allow the regulation of the crypto market in one way or another. They cheat on you during ICO - do not participate in ICO, but this is not a reason to ask to regulate the crypto market.

[guydin]

no we don't need regulations at all and the worst part is that regulation is not going to solve anything in the way you think they are!

the same scams are going to continue to happen if not more if this market was heavily regulated and people were restricted about what they could create. that would just push people into off-the-market and in shady places for trading.

the solution to the problem you are concerned with is so easy! people simply have to stop giving away their money to any random person who asks for it in return for garbage.

Without regulations crypto will not move from geeks to real people. Real people are used to be "protected" by the law. 

Finally, crypto will be regulated, but in some countries. However, it will be something like a "paper" law. In reality, it is impossible to regulate the market as millions of people are involved in the operations, and almost all of them are pseudonymous (not anonymous now, as we understand). Therefore, in the future (at least in 3-7 years) nothing here can be changed globally, even if the laws are signed.

[trauchot]

Apart from scam artists in crypto space we have too many unprofessional developers that falsely act like they are really good in a particular field and try to build blockchain based projects but failed in the end,if there is really any way to make blockchain available to only professionals that are qualified it would have been a different story for crypto,even scammers wont have a chance,this is why i think we need REGULATIONS pretty bad.

Here, of course, from which side to look at, because on the one hand regulation of cryptocurrencies will lead to honest people who use cryptocurrencies will begin to experience various problems that their countries have imposed on the use of cryptocurrencies, and on the other hand, governments will be able to track down scammers and punish them and less different scammers will create various companies to raise funds and disappear after that, but at the moment how I know governments already working on regulation, but I not saw any info about it already long time.

[thesosorr]

overall, of course there will always be blockhains, so in all likelihood that the determination of the crypto currency really will not be known at all in a statute, therefore the determination will always be a period of improvement.

[efxtrader]

Apart from scam artists in crypto space we have too many unprofessional developers that falsely act like they are really good in a particular field and try to build blockchain based projects but failed in the end,if there is really any way to make blockchain available to only professionals that are qualified it would have been a different story for crypto,even scammers wont have a chance,this is why i think we need REGULATIONS pretty bad.

Regulations are needed but in my opinion regulations are limited in collecting funds or selling tokens. There is no guarantee that a project can produce a good product and be used by many people and I think it is difficult to manage the developer team must produce a good product in a regulation.

[NoirSuccubus]

The thing that will really help us out in filtering the scams is our own brains and a little bit of common sense. You just need to ask people to do some research before investing their money into something, and not just blindly follow the scammers into their trap holes.

[Ben Shedly]

Apart from scam artists in crypto space we have too many unprofessional developers that falsely act like they are really good in a particular field and try to build blockchain based projects but failed in the end,if there is really any way to make blockchain available to only professionals that are qualified it would have been a different story for crypto,even scammers wont have a chance,this is why i think we need REGULATIONS pretty bad.

Many people will be against state regulation of the crypto market. It's like hackers giving the green light to assigning them regular numbers.
If you want to avoid scammers, it is better to come up with your own internal checks that new projects will have to go through, and this will help reduce the risk of fraud.

[Crytodon]

I have been shouting since 2017 but only few cared
Until people go to jail for incompetence,scams and behaviors that cost investors a fortune,we will not grow

[CryptoBry]

Apart from scam artists in crypto space we have too many unprofessional developers that falsely act like they are really good in a particular field and try to build blockchain based projects but failed in the end,if there is really any way to make blockchain available to only professionals that are qualified it would have been a different story for crypto,even scammers wont have a chance,this is why i think we need REGULATIONS pretty bad.

Many people will be against state regulation of the crypto market. It's like hackers giving the green light to assigning them regular numbers.
If you want to avoid scammers, it is better to come up with your own internal checks that new projects will have to go through, and this will help reduce the risk of fraud.

I am also suggesting an industry-wide self-regulation wherein a platform can be established manned by people who are into the blockchain and cryptocurrency that can help vet on different projects, platforms, products, services in making sure that they adhere to the standards that the industry will itself established. This in addition to limited regulations that the government will have to do and in case of a proven scam prosecution in the courts of law. Scamming will always be here as long as we are dealing with human beings as proven with our own human history...what we can do is make sure they are minimized to the very least possible.

[NeelMariaWarner]

I think it is one of the right solutions to overcome all this, if only scammers can be eradicated then I am sure that good crypto prices like bitcoin will also soar because basically investors have high purchasing power but unfortunately they sometimes buy the wrong coins so the market loses its foundation, if the scammer does not exist anymore then the purchasing power of investors will be directed to the market again and of course this will make the market go green again but because investors always lose money because of the actions of scammers, then their purchasing power is low and makes them somewhat paranoid about new project

[kevincandra]

regulations cannot solve scam problems, because the many projects that are on the market make it difficult to know scam projects, regulations cannot completely solve scam problems because in the real world scams can still occur even though there are regulation and laws, Scam project problems can only be prevented by analyzing and researching the project