Regulation seem like the only option left

[Wong Gendheng]

The current marketcap of cryptocurrencies is more than $2 trillion and is unique because there is no regulation that regulates it, of course this is a serious problem for us, so there are always scam projects that are very detrimental to investors, without regulation then we walk without direction.

[TheNineClub]

Will there ever come a time that the government reaction to crypto will be encouraging for the people? Lately the head if international monetary fund Christine lagarde stated that regulatory action from the international community on crypto is inevitable ..what do you think

I think the reaction is definitely more optimistic and more positive than it ever was, so it makes sense that the trend will continue, but it depends on the will for crypto's adjustments on how strong that trend would be. So government's reaction will depend on how much adjustments crypto is willing to make, and those issues will need to be addressed, and that's an issue of privacy and decentralization.

[TheUltraElite]

The current marketcap of cryptocurrencies is more than $2 trillion and is unique because there is no regulation that regulates it, of course this is a serious problem for us, so there are always scam projects that are very detrimental to investors, without regulation then we walk without direction.

Scams can be avoided with proper awareness and knowledge, but they cannot be stopped completely. Here the importance of knowing what to invest in comes in play. It is a though thing for a newbie but this is necessary to survive in the market.

well, it is true that any cryptocurrency enthusiasts fervently oppose new regulations. They say it would hinder innovation and goes against the spirit of cryptocurrency, which emphasizes decentralization at its core.

Nope. There are many enthusiasts who are into crypto and earning it well, but unable to spend it on daily necessities because their country is not allowing it. Instead if it was regulated they probably would have a chance to sell their coins and earn some fiat money which they could spend or spend the crypto directly, either of which would be a use case. Therefore there is a big market boom that will happen post-regulation if it really happens.

and for these anti-regulation crypto enthusiasts, the decentralized nature of digital currencies is a big draw. So in this view, any new regulation would pose a threat to the decentralization that is a feature, rather than a bug.

Those who are against regulation include the criminals who are trying to use pseudo-anonymity of crypto to mask their wrong doings, mainly money laundering and tax evasion.

[cheezcarls]

Will there ever come a time that the government reaction to crypto will be encouraging for the people? Lately the head if international monetary fund Christine lagarde stated that regulatory action from the international community on crypto is inevitable ..what do you think

Because the banks and government can’t do anything about cryptocurrency since it’s unstoppable and contagious, regulation is the only option for them. If you look at China right now, they are criminalizing those people who are engaging in cryptocurrencies whether for trading, mining, etc.

They may have outlawed cryptocurrencies by imposing an outright ban within China, but the cryptocurrency activity can’t be stopped because there are still some Chinese who are engaging with it and has so much belief about it.

[Abiky]

Because the banks and government can’t do anything about cryptocurrency since it’s unstoppable and contagious, regulation is the only option for them. If you look at China right now, they are criminalizing those people who are engaging in cryptocurrencies whether for trading, mining, etc.

They may have outlawed cryptocurrencies by imposing an outright ban within China, but the cryptocurrency activity can’t be stopped because there are still some Chinese who are engaging with it and has so much belief about it.

Regulations are as far as the government can get in order to try to "control" crypto at its fullest. But they won't be successful at the end, because of the way crypto is designed (decentralized and censorship-resistant). China may have made crypto "illegal" to own, use, and/or trade. But people can still get access to crypto "behind the scenes". If crypto was centralized, this wouldn't been possible.

We should expect more regulations from other countries as crypto becomes more popular in the mainstream world. This is no reason to be alarmed, since governments will do anything in their power to keep Fiat afloat as much as possible. As long as crypto remains decentralized, we should have nothing to fear. Just my opinion

[Joshapat]

Bitcoin marketcap is currently more than $800 billion and the total marketcap for cryptocurrencies is more than $4 trillion, which is unique because there are no rules regarding cryptocurrencies so the community must immediately make strict regulations so that they are not used for scams.

[newdevices]

Bitcoin marketcap is currently more than $800 billion and the total marketcap for cryptocurrencies is more than $4 trillion, which is unique because there are no rules regarding cryptocurrencies so the community must immediately make strict regulations so that they are not used for scams.

It's not easy to make rules and it takes a lot of time for sure,
after all the community must be really compact in making these rules in order to run well,
obviously no one wants it to be used for scams and we'll see what the community will do to solve this

[Sir Legend]

Of course there will be differences of opinion about regulation, I think cryptocurrencies are unlimited freedom, nowadays it's easy to choose a good project or not because there are many ways to find out, and most importantly if there is regulation there will be many things that other users don't like, what is happening now is good and competition in the market is commonplace.

[TheUltraElite]

Bitcoin marketcap is currently more than $800 billion and the total marketcap for cryptocurrencies is more than $4 trillion, which is unique because there are no rules regarding cryptocurrencies so the community must immediately make strict regulations so that they are not used for scams.

How does a community stop scams from happening? They can attempt to prevent a scam but they do not have the legal power to punish or judge a scammer. This must be done in the traditional manner through law and court.

As far as this community goes, members are active in posting about any scams they come across and they get analyzed by others too. Beyond that you have to be your own boss here and learn to avoid scams. Regulation and its effect on scams is not available to us yet, so we cannot comment on that.

Of course there will be differences of opinion about regulation, I think cryptocurrencies are unlimited freedom, nowadays it's easy to choose a good project or not because there are many ways to find out, and most importantly if there is regulation there will be many things that other users don't like, what is happening now is good and competition in the market is commonplace.

Not sure what you imply by "unlimited freedom" but in reality we are are bound by some rules of the land we live in. Being able to choose to invest in a project will be available post-regulation too, just that it might not be available in "white" markets and therefore you will be taking your own risk investing in it. Such things are already happening in many fiat markets, nothing new here.

[Abiky]

How does a community stop scams from happening? They can attempt to prevent a scam but they do not have the legal power to punish or judge a scammer. This must be done in the traditional manner through law and court.

As far as this community goes, members are active in posting about any scams they come across and they get analyzed by others too. Beyond that you have to be your own boss here and learn to avoid scams. Regulation and its effect on scams is not available to us yet, so we cannot comment on that.

With a proper regulatory environment, it may be possible to diminish (not eradicate) the number of scams in the crypto/Blockchain space. As you've said before, the community is always active seeking out scams in order to prevent newbies from falling right into the trap. Without regulations, crypto will be the wild west. There needs to be law and order for crypto to flourish in the mainstream world. But I have to say that too much regulations will stifle the growth of the entire industry. As long as individuals and governments cooperate, there should be nothing to worry about. Just my opinion

[bitgov]

Indeed proper regulation must be done. Regulations establish order so that a system can function more consistently, safely, with mostly predictable outcomes. This means that in a more controllable environment, cryptocurrencies can be seen as a normal, less volatile risk that can be managed with sophisticated technology and have better protection.

It is not as easy as we perceive. Why would the official regularize to give a control to  other.
Crypto is not that protected though many wallets which got hacked and people lost so much money. Also Luna was such a disappointment. So we can not predict what is coming up next.

[TheUltraElite]

With a proper regulatory environment, it may be possible to diminish (not eradicate) the number of scams in the crypto/Blockchain space.

It will curb the number of scams running in open air, while the bigger ones will go underground in the name of big risk big reward schemes. It will defenitely reduce the number of scams people have quick access to put a hand one while it gets slashed away.

As you've said before, the community is always active seeking out scams in order to prevent newbies from falling right into the trap.

Truely, I am thankful to this community for the efforts they put in, I try to contribute or support them whenever and in whatever method I can, from raising awareness to pointing out mistakes while supporting flags.

Without regulations, crypto will be the wild west. There needs to be law and order for crypto to flourish in the mainstream world. But I have to say that too much regulations will stifle the growth of the entire industry. As long as individuals and governments cooperate, there should be nothing to worry about. Just my opinion

I dont think it will stifle development, it will rather channel the growth in the proper method. Without regulation it is like a child's playground which is bad for serious investors willing to make money and for the mainstream growth of this niche sector. If emerging scams end up shooing away potential investors, legit projects feel the heat too.

[sovie]

With a proper regulatory environment, it may be possible to diminish (not eradicate) the number of scams in the crypto/Blockchain space.

It will curb the number of scams running in open air, while the bigger ones will go underground in the name of big risk big reward schemes. It will defenitely reduce the number of scams people have quick access to put a hand one while it gets slashed away.

As you've said before, the community is always active seeking out scams in order to prevent newbies from falling right into the trap.

Truely, I am thankful to this community for the efforts they put in, I try to contribute or support them whenever and in whatever method I can, from raising awareness to pointing out mistakes while supporting flags.

Without regulations, crypto will be the wild west. There needs to be law and order for crypto to flourish in the mainstream world. But I have to say that too much regulations will stifle the growth of the entire industry. As long as individuals and governments cooperate, there should be nothing to worry about. Just my opinion

I dont think it will stifle development, it will rather channel the growth in the proper method. Without regulation it is like a child's playground which is bad for serious investors willing to make money and for the mainstream growth of this niche sector. If emerging scams end up shooing away potential investors, legit projects feel the heat too.

Well I agree that there are many active discussion forums which help raise awareness and points out what mistakes are already been made.
Absolutely - that is correct.
And the best part is we get awareness and $$ at the same time . .

[Kadal Ijo]

The thing that makes us uncomfortable when we want to invite friends or family investments in cryptocurrencies are too many scam projects, strict regulations must be made to prevent anyone to make cryptocurrencies from becoming a scammer, for example providing large amounts of money so as to reduce the number of scam projects.

[Abiky]

I dont think it will stifle development, it will rather channel the growth in the proper method. Without regulation it is like a child's playground which is bad for serious investors willing to make money and for the mainstream growth of this niche sector. If emerging scams end up shooing away potential investors, legit projects feel the heat too.

Only if regulations are flexible enough for crypto/Blockchain tech to flourish in the mainstream world. Too much regulations are bad for crypto in every sense. The same can be said if there were no regulations at all (which will enable anarchy in the crypto/Blockchain space). There needs to be a balance in order to prevent growth from stalling altogether. It seems like governments worldwide are embracing the revolution, so it's likely crypto will be here to stay for a very long time. As long as crypto's legitimate use cases are expanded, there should be nothing to worry about. Just my thoughts

[tygeade]

The thing that makes us uncomfortable when we want to invite friends or family investments in cryptocurrencies are too many scam projects, strict regulations must be made to prevent anyone to make cryptocurrencies from becoming a scammer, for example providing large amounts of money so as to reduce the number of scam projects.

What makes me uncomfortable when I invite them is the loss, nothing else. I warn them about it, but it is still a bad feeling, like right now there is one person who bought at 40k, and asked me before hand and I said to be careful but could be profitable, and now I am feeling guilty about it even though they do not mind and even consider buying another batch.

Scammers however are a thing to be worried about because the people we help could end up doing their own thing for a bigger gain, and could end up at the wrong hands and lose a ton of money. I do not know why they do that, but there are plenty of people who do that and it is a very risky thing.

[bitgov]

With the current condition or has been running for more than 10 years, of course it is very difficult to make regulations, the presence of regulations will make boundaries and of course there are those who think that the regulation is to kill other projects, what is happening with cryptocurrencies is now good, natural law applies, Decentralization works well, what we do is invest in projects or coins that have the potential to skyrocket in the future.

Maybe in coming 30 years things will get better - but at the moment there are hardly any chance for the BTC to be regularized.
But the trends show that many be in coming time - it wll happen. And the world will be a different place altogether ...

[add1ct3dd]

People from the crypto space or normal people? From us here we can encourage it as long the reaction is positive like they can allow crypto from their own country but they can give conditions like they will regulate it. I think that was still fine since regulations do still have some positive effects like making those anonymous hackers/scammers being exposed or they can now be tracked easily, something like that.

For the normal types of people or those who aren't into cryptos I think they wont care about it but some of them will like it even more if crypto was not allowed on their country because they think it is just a scam or its a money used by the criminals.

[carlfebz2]

With the current condition or has been running for more than 10 years, of course it is very difficult to make regulations, the presence of regulations will make boundaries and of course there are those who think that the regulation is to kill other projects, what is happening with cryptocurrencies is now good, natural law applies, Decentralization works well, what we do is invest in projects or coins that have the potential to skyrocket in the future.

Maybe in coming 30 years things will get better - but at the moment there are hardly any chance for the BTC to be regularized.
But the trends show that many be in coming time - it wll happen. And the world will be a different place altogether ...

Changes and development will really be that inevitable and this is something that cant really be stopped since innovation and changes will really be  that next in line and same goes into this crypto market.

Speaking about regulation then we are really heading there but talking technically then this is something which cant be possible thats why the only thing that they could touched up is to those crypto centralized

platforms or companies which are regulated and this is the only way they could get involved with. For recognition and acceptance then it will really be normally coming as we do go ahead on future years to come.

[dataispower]

Will there ever come a time that the government reaction to crypto will be encouraging for the people? Lately the head if international monetary fund Christine lagarde stated that regulatory action from the international community on crypto is inevitable ..what do you think

it's right because government don't have any way of obstructing cryptocurrency or regulate it value, because from what I'm noticing and observing for cryptocurrency government can not give any account of how cryptocurrency started and how the initiation come to passed, so i believed that Bitcoin regulates it value without any support from government and besides government hate cryptocurrency from the beginning