Regulation seem like the only option left

[hyudien]

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.

Encouraging to get a positive reaction to government support to open decentralized transparency and give access to your wallet? then what is the difference with the CBDC which is now issued by the government if there is no purpose?
In fact, the government just wants to control your money and becomes an alibi for Bitcoin or crypto as a fraud nest label. For an irresponsible group of people, it is possible. But that's not entirely encouraging for adoption.

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[goldkingcoiner]

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

Exactly. The only form of "regulation" that governments have over Bitcoin or any crypto for that matter, is mere scare tactics. Don't do this and that or we will punish you. A lot of people do not understand that even if they knew who was behind the wallets, they would have an impossibly hard time punishing them by financial means. They would have to put everyone in prison. And even then they would not get their hands on their coins.

But lets say we made Bitcoin even more anonymous to the point where businesses could fully hide their transactions, funds, profits and so on. What exactly could the government hope to do? Force people to show them their wallets? They could easily make dummy wallets while hiding the real wallets.

[so98nn]

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.

Why having market cap in trillions of dollars is problem for crypto? In fact I am putting it in exactly opposite way: having high market cap such as this makes me think there are big investors, huge support from all over the world for this. The network of crypto is wide spread and there is no kill switch for the same. At this point it’s impossible to turn it off but to continue the way it is. If government starts regulating it then there are many loop holes in the system. Peeps can simply buy and sell stuff online by using third party services and yet paying in the bitcoin. I see no issues so far.

[gunhell16]

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

Honestly speaking, there are a lot of countries nowadays, where they've adopted the concept of the cryptocurrency business.
Where Bitcoin is the top brand of crypto's and you can see all over the world now via online system payment and even in the stock market as well. Moreover, there are some of thecryptocurrency in which are now regulated by some of the country I think few of them are in that situation so far. And for me regulation in some of the cryptocurrency is can be a good thing for us to make our assets will become more secure and to be lessen or remove the scammers who used cryptocurrency to get a victim to collect funds from the other people here in this industry.

[Semar Mesem]

It's time for cryptocurrencies to have strict and clear rules, it's been more than 10 years but cryptocurrencies don't have clear regulations yet, this certainly makes us worry about the future, as happened with LUNA which was previously ranked 10 with a price of more than $100 but only take a week to be under 1 cent.

[bitgov]

It's time for cryptocurrencies to have strict and clear rules, it's been more than 10 years but cryptocurrencies don't have clear regulations yet, this certainly makes us worry about the future, as happened with LUNA which was previously ranked 10 with a price of more than $100 but only take a week to be under 1 cent.

Luna was a horrible mistake - Two of my friends made the same mistake and they have lost trust on crypto.
They are not ready to invest in crypto ever again - they say they had no idea that they will end up in such disaster. But that is how gambling works.

[SirLancelot]

It's time for cryptocurrencies to have strict and clear rules, it's been more than 10 years but cryptocurrencies don't have clear regulations yet, this certainly makes us worry about the future, as happened with LUNA which was previously ranked 10 with a price of more than $100 but only take a week to be under 1 cent.

You want regulations, or do you want centralization? What happened to Luna was a bad thing, but if you put governments on top of these projects with a justice hammer, then they will still fail if they are going to fail but now they will also be controlled by the government as well. We have fiat for that and we do not need anything else.

Sure exchanges could be under control for example, because exchanges are corporations and they are not coins, and that is why they could be obliged to follow laws. But coins and tokens should be out of everyone's control, even the project creators should release it and then have as much power as we would, not anything more.

[Abiky]

It's time for cryptocurrencies to have strict and clear rules, it's been more than 10 years but cryptocurrencies don't have clear regulations yet, this certainly makes us worry about the future, as happened with LUNA which was previously ranked 10 with a price of more than $100 but only take a week to be under 1 cent.

Couldn't agree more with you, mate. With strict and clear rules, the whole crypto/Blockchain space will be legitimized for mainstream use. Investors will feel confident in the crypto market, just like they're confident with the stock market today. With regulations, scams and theft are reduced to a minimum. We cannot say the same when there's absolutely no regulation at all (as it would enable full anarchy on the crypto/Blockchain space). While regulations cannot be enforced at the protocol level (due to crypto/Blockchain tech's decentralization), it's still possible to regulate the industry by requiring centralized exchanges and wallet providers to comply with the law. It's only been 13 years since Bitcoin inception's, yet there's no clear regulatory framework for the whole industry. At least, there's interest among institutional investors and mainstream governments to bring the rule of law into crypto/Blockchain tech. As long as individuals and governments cooperate, crypto won't be going anywhere soon. Just my opinion

[TheUltraElite]

Luna was a horrible mistake - Two of my friends made the same mistake and they have lost trust on crypto.
They are not ready to invest in crypto ever again - they say they had no idea that they will end up in such disaster. But that is how gambling works.

Bitconnect saw its stud days too and then crashed as well. It was promoted like anything specially among low income countries and became a very popular topic of discussion among the common users in the casino trollboxes too. Then there are these social media friend circles where such coins become circle jerk topics and then all buy it like anything.

Eventually they will all lose and the same cycle will repeat after a few years in another name and in another form. The winner is the person running these scams and not the investors. Chit funds and HYIPs/Ponzis exist in real life while LUNA exists in the internet. No difference between them at all.

Regulation will not stop such projects from being popular. If someone willingly wants to get scammed without doing research on the project they are investing in, why will the government force them to stop?

[monineklutak]

It's time for cryptocurrencies to have strict and clear rules, it's been more than 10 years but cryptocurrencies don't have clear regulations yet, this certainly makes us worry about the future, as happened with LUNA which was previously ranked 10 with a price of more than $100 but only take a week to be under 1 cent.

Luna was a horrible mistake - Two of my friends made the same mistake and they have lost trust on crypto.
They are not ready to invest in crypto ever again - they say they had no idea that they will end up in such disaster. But that is how gambling works.

I think it's normal and when we see it from your friend's point of view maybe we will also do the same thing,
no one thought something like that would happen to Luna because previously Luna's reputation could be said to be good and became the top coin,
but maybe your friend needs time to believe in crypto again

[bitgov]

I think it's normal and when we see it from your friend's point of view maybe we will also do the same thing,
no one thought something like that would happen to Luna because previously Luna's reputation could be said to be good and became the top coin,
but maybe your friend needs time to believe in crypto again

A part from crypto - losses occur be it business or personal life. So one cannot  only trust what is going on gambling and in personal life.
Many people comes in trouble due to natural disaster , diseases so it doesn't happen with crypto - the losses are through out.

[Sir Legend]

If we hear regulations, we will think of rules that will create many limits, there is no more freedom so many developers and even exchange owners don't want to make regulations, and I think this is good, let the laws of nature work and we will see if cryptocurrencies will continue to grow .

[348Judah]

Will there ever come a time that the government reaction to crypto will be encouraging for the people?

Yes that time is getting closer and approaching soon, there will be need arising whereby government itself will have no reason than to take cryptocurrency as an alternative and only available option to scale through economy challenges, many countries have in place suitable regulations on crypto to ride on a smooth surface, but they can't regulate bitcoin itself because of the decentralization but can regulate exchanges and miners by receiving tax from them.

[virasisog]

If we hear regulations, we will think of rules that will create many limits, there is no more freedom so many developers and even exchange owners don't want to make regulations, and I think this is good, let the laws of nature work and we will see if cryptocurrencies will continue to grow .

The government can't regulate crypto but they will do everything to tax it. They could possibly control crypto in a certain country but they won't be able to take over and rule it. We have our freedom in the crypto world because of its decentralization. I hope the government won't take the hope of financial freedom in the future that we have.

[Pomogator]

It's time for cryptocurrencies to have strict and clear rules, it's been more than 10 years but cryptocurrencies don't have clear regulations yet, this certainly makes us worry about the future, as happened with LUNA which was previously ranked 10 with a price of more than $100 but only take a week to be under 1 cent.

We really need some kind of system of rules that would restrict inexperienced investors from rash investments. The Luna situation happened because of the inexperience of the system, it happened even with tight regulation.

[Abiky]

Bitconnect saw its stud days too and then crashed as well. It was promoted like anything specially among low income countries and became a very popular topic of discussion among the common users in the casino trollboxes too. Then there are these social media friend circles where such coins become circle jerk topics and then all buy it like anything.

Eventually they will all lose and the same cycle will repeat after a few years in another name and in another form. The winner is the person running these scams and not the investors. Chit funds and HYIPs/Ponzis exist in real life while LUNA exists in the internet. No difference between them at all.

Regulation will not stop such projects from being popular. If someone willingly wants to get scammed without doing research on the project they are investing in, why will the government force them to stop?

That's certainly true, mate. Regulations won't stop scams from happening, but they will minimize their effect in the crypto/Blockchain industry. The more legislation we have towards crypto assets, the better it'll be for crypto/Blockchain tech's mainstream adoption. Remember that regulations bring investors' confidence into the crypto market. Without them, how do you think they'll pour money into unprotected crypto investments?

Unfortunately, Bitconnect, Terra/LUNA, and several other scams have scared away investors from the crypto/Blockchain space. But that doesn't mean it's the end of the world. Things will only get better over time as regulations are enforced. As long as individuals and governments work together, crypto won't be going anywhere soon. Just my thoughts

[kapalmabur]

If we hear regulations, we will think of rules that will create many limits, there is no more freedom so many developers and even exchange owners don't want to make regulations, and I think this is good, let the laws of nature work and we will see if cryptocurrencies will continue to grow .

The government can't regulate crypto but they will do everything to tax it. They could possibly control crypto in a certain country but they won't be able to take over and rule it. We have our freedom in the crypto world because of its decentralization. I hope the government won't take the hope of financial freedom in the future that we have.

Basically the government will not be able to go deeper into crypto and regulate it,
the government can only regulate it on the outside, so it's useless if you want to take over,
we'll see what will be done later and just follow the progress

[gunhell16]

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

when that happens there are advantages and disadvantages I'm sure in that matter, I also know that many crypto enthusiasts favor that matter as well.

Moreover, other countries have also made cryptocurrency regulated, which means that many countries are gradually becoming aware of this type of digital currency industry.

[tbterryboy]

It's time for cryptocurrencies to have strict and clear rules, it's been more than 10 years but cryptocurrencies don't have clear regulations yet, this certainly makes us worry about the future, as happened with LUNA which was previously ranked 10 with a price of more than $100 but only take a week to be under 1 cent.

You want regulations, or do you want centralization? What happened to Luna was a bad thing, but if you put governments on top of these projects with a justice hammer, then they will still fail if they are going to fail but now they will also be controlled by the government as well. We have fiat for that and we do not need anything else.

Sure exchanges could be under control for example, because exchanges are corporations and they are not coins, and that is why they could be obliged to follow laws. But coins and tokens should be out of everyone's control, even the project creators should release it and then have as much power as we would, not anything more.

This is the real fear. There are so many people who are willing to invest into projects that are centralized these days that they are also willing to consider a government centralization to crypto as well. I feel that there is a good chance they could end up with something that would be scary, and hopefully that will not happen as a big deal right now, it should be something they do not talk about and stay in silence.

If we have government intervention then we are going to have to face the fact that some people will spend millions even maybe more than billions of dollars into those centralized and government controlled things and this would be end of decentralization in crypto as we know it.

[saint_casanova]

Never thought I would prefer govt regulation to crypto but this is it. Yes, we're in need of regulation of crypto so we can attract more hedge funds and investors to our crypto market. So we can see a new craze of net inflow of money into crypto instead stuck in the bear market like this.