Regulation possible? Regulation Inevitable?

[maxreish]

If you'd noticed, anything that comes to be popular will be regulated in time by th government. And bitcoin is no exemption. About your question if this is possible? Yes it is. Some countries already started to regulate cryptocurrency preferably bitcoin.

You can check it here that few countries already regulate btc. Government has a good purpose for implementing this as we know that most of the fraudsters are using the new trend to scam people.

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[Yatsan]

We still do not certainly know and time will only tell if after such a span of time, lots of people can now be able to adapt on using Bitcoin worldwide. Probably, it will be regulated for there are instances that government will interfere and allow themselves to join into the discussion presenting themselves to the people the Bitcoin usage must be regulated due to certain issues and concerns that they think must be attended in advance to prevent the possible damage it can create. Surely once lots of people demand to use Bitcoin and it become mainstream within a certain span of time, government will stand in between to allow the adaption and usage but with regulation just like what they are doing on managing and regulating fiat currencies. Regulation will follow once the government see how people drastically demand on using it.

[yhiaali3]

I think that if a group of countries or the International Monetary Fund controls Bitcoin and regulates it in the future, then Bitcoin at that time will be no different from fiat at the present time, as these countries will impose their strict laws and conditions on all Bitcoin transfers and will also impose identity verification by (kYC) and more, and Bitcoin will turn into something more like decentralization and lose all of its current features.

[claire_lovely]

The trend towards the future will be towards more decentralized exchange, with UniSwap recently surpassing CoinBase's volume. There will always be demand for anonymous trading and money holding and cryptocurrencies will continue to evolve in that direction, Bitcoin is becoming more private with Taproot/Schnorr, and LTC is getting MimbleWimble implementation soon.

The idea of regulation compliant cryptocurrency also doesn't make sense as regulations are different around the world and it would be impossible to fit under all of them at the same time. This is why I believe the coins that focus on the actual technology and use rather than being compliant with regulations will succeed in the long term.

[celot]

Regarding bitcoin as legal or illegal as currency transaction depend how government want to adopt bitcoin and altcoin or not, I think each government have different ideas with bitcoin impact, some of them have seen how increase and most friendly transaction when using bitcoin will think more ahead to use bitcoin as legal currency payment because they want to get their country one step ahead than other country. How possibility when using bitcoin to take short time for sending and receiving money, how much your money less inflation when using bitcoin as transaction assets than you have use fiat or cash money where every year have lower value, but with bitcoin as currency payment transaction have function how to make double profit with higher price later.

[jademaxsuy]

Yes time will come that bitcoin will be regulated and will be restricted especially if it can create more abuses from other users taking advantage of the system.

For now bitcoin is doing well and that help others to earn by investing into it. This is why it is very encouraging to invest in bitcoin with the possible earning tha could be made.

If only the mindset of the people will only eye on investment, optional payment method and others. Bitcoin should not be use in illegal activities. Hopefully, regulations will be able to help reduce other users abusing bitcoin.

[Ozero]

Governments will not allow means of payment on their territory that they cannot regulate.  Governments cannot change the technology of cryptocurrency, but they can and will establish their own rules for its circulation and use by society.  If for some reason they cannot regulate the cryptocurrency in this way, they will prohibit its circulation.  Therefore, we will be forced to agree to such regulation of the cryptocurrency, this is absolutely inevitable.

[Xinarae*]

Bitcoin will be able to control if Bitcoin becomes acceptable everywhere but it will take a long time for the whole government to get its hands on it. The government does not legitimize Bitcoin because it cannot control it. Many investors and many companies cannot use them for their own benefit, illegal activities, because they are not under the control of the government. Crypto decentralized government control is almost inevitable. If there is government intervention, it will never be able to control it well.

[Debonaire217]

Governments will not allow means of payment on their territory that they cannot regulate.  Governments cannot change the technology of cryptocurrency, but they can and will establish their own rules for its circulation and use by society.  If for some reason they cannot regulate the cryptocurrency in this way, they will prohibit its circulation.  Therefore, we will be forced to agree to such regulation of the cryptocurrency, this is absolutely inevitable.

The easiest way this could be possible is when they have control over banks as the financial institution will be the key for people to buy and sell cryptocurrency such as Bitcoin. Banks might not fully adopt Bitcoin as of the moment. Most of the banks are strict and I think the reason behind this is because they might be waiting for the full comprehensive regulation by the Government on how they should treat Bitcoin. This is inevitable, the government will find its way to somehow put a tax on the activities we are doing such as trading and providing services.

Perhaps, they need to hire some cryptocurrency enthusiasts in order to fully impose Bitcoin and cryptocurrency regulations but the problem is that, those who really understand what cryptocurrency is all about will not really in favor of them as cryptocurrency is independent.

[Lorokan]

In 10 years, knowledge about Bitcoin will be mainstream.
But will enough people have adapted to this mainstream by then?

Once it has become mainstream, a group of countries - or even the IMF itself - could regulate all access to Bitcoin. Tracking coins and banning the sale of coins for fiat by exchanges if they come from certain regions ( exchanges, wallet suppliers). Illegalization of the exchange of Fiat for Bitcoin, with the regulation again targeting exchanges as entry points.

This regulates Bitcoin itself.

Is this possible?
How can we defend Bitcoin against it?

Having a mainstream of bitcoin in every countries has nothing to do with regulation of bitcoin; also having a crypto currency exchanges in each countries does not mean that bitcoin will regulate too; regulation of crypto currency in different countries has so fa targeted centralized exchanges; while decentralized exchange remain safe for now.

I believe it is better for everyone to enjoy involvement with crypo currency until regulation

[lifeforcepools]

Regulation is possible and even necessary, but the main thing is that it does not change the basic crypto paradigm

[sttvn]

I think it will still be usable as cash, some limit before your customer will be mandated for example 2k.

Or they might try to heavily regulate with demanding everyone tells their addresses to the gov, I don't see how would that be possible to do fully since you can always make new address and just keep quite about it not tying it up with real identity. We currently see growth of privacy, anonymity cenosrhip bypass tools as well as surveliance tools.

Also privacy coins might get more popular such as Monero, those would be more controlled or even illegal.  

[pawanjain]

In my perspective I think bitcoin will surely be regulated by governments when it becomes a mainstream cryptocurrency.
Masses will start adapting to the regulation and the financial system will have fiat as well as bitcoin as payment methods.
Also, I think governments will only benefit more by regulating bitcoin as they will be able to obtain more tax from their citizens.

[imstillthebest]

In my perspective I think bitcoin will surely be regulated by governments when it becomes a mainstream cryptocurrency.
Masses will start adapting to the regulation and the financial system will have fiat as well as bitcoin as payment methods.
Also, I think governments will only benefit more by regulating bitcoin as they will be able to obtain more tax from their citizens.

if we dont agree to the regulation given by the government we are free to let go btc but will you ? for me i cant afford to do that and im going to accept if what fate will happen to btc .
 it will only feel awkward at first but if we think that when btc is in the mainstream that means more people will use it and the more the crimes will also happen but regulatiom can play a major role to combat that .

government do also their job in helping minimize crimes that exist in btc and they deserve to get benefit from btc .

[Ratash]

As long as the crypto and bitcoin are decentralised currencies there won't be regulation because the world system is benefiting from the fact that all the money is centralized and they have complete control over it, why would they lose this privilege.

[GeorgeJohn]

See I believe that nothing that can't be achievable if follow proper step, its seem as Eve bitcoin is old based on it's influence across the countries, which looking at it everyone will say that is not possible but the possibility is there if really given  bitcoin some measures or time, I hope its regulations will soon come in feature existence

[Lorence.xD]

I dont think Bitcoin will become mainstream as a currency.
I suspect there could be a new player that adapts the bitcoin philosophy and method and becomes mainstream.
Bitcoin was the innovator but I think it will be overtaken. A bit like how AOL, alta vista etc got overtaken.

It will be a difficult endeavor for a predecessor replicate the success of bitcoin, by the time that something new appears, people will not take notice of it because they are already hooked in bitcoin, the only possible thing that can happen is that something far better and superior at every aspect will appear. It will be hard to imagine how it will be more superior than bitcoin but it will be difficult.

[Anonylz]

I think that if a group of countries or the International Monetary Fund controls Bitcoin and regulates it in the future, then Bitcoin at that time will be no different from fiat at the present time, as these countries will impose their strict laws and conditions on all Bitcoin transfers and will also impose identity verification by (kYC) and more, and Bitcoin will turn into something more like decentralization and lose all of its current features.

It will some how comes to this if we want government of all countries to adopt and accept btc as a mode of transaction by shifting away from fiat,
No government of any country will accept the use of a totally decentralise currency without any form of regulations, I don't see that happening, so the dream of government accepting it will still be more on theory than in practice.

[adzino]

The regulation is actually inevitable. See for yourself. As time is passing, more and more exchanges are getting regulated. If the exchanges don't comply, they get shutdown by the government authorities. Look how slowly all exchanges are making people eventually go through the KYC process.
But no, the government won't ban those exchanges. Instead they will use those exchanges to regulate the whole system.

[AniviaBtc]

How can we defend Bitcoin against it?

You use and hold it regardless. Hopefully by then bitcoin would have more privacy features to help non-techie people achieve more privacy.

I knew that bitcoin community will not let bitcoin to become so open where security is not a priority.

Probably as bitcoin is reaching the mainstream, people will make also a platform in the future where they will still make an exchange that will strictly keeps information of someone when they make transactions. In bitcoin, privacy is one of the most important so the security of everyone who will engage to it will be guaranteed.