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Author Topic: Power to the people  (Read 482 times)
CryptoATM (OP)
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June 10, 2022, 06:31:34 AM
 #1

When regulation comes many will feel safer with regulated crypto projects but BTC for example cant be regulated because the founder cant be found, he (Nakamoto) saw this coming all along so what's going to happen? I believe the power to choose which project to invest in will be given to the people. The warning from the government will be ' do not invest in unregulated projects '.
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June 10, 2022, 06:36:07 AM
 #2

When regulation comes many will feel safer with regulated crypto projects but BTC for example cant be regulated because the founder cant be found, he (Nakamoto) saw this coming all along so what's going to happen? I believe the power to choose which project to invest in will be given to the people. The warning from the government will be ' do not invest in unregulated projects '.

I really don't understand your question, bitcoin has been in the space for many years and authorities have been trying to regulate it. Haven't you heard of exchanges requiring their customers to follow mandated KYC for AML purposes?

That alone came from the directive of world governing bodies. And it has been discussed every year in G summit. So Satoshi Nakamato being anonymous doesn't affect bitcoin per se if this is what you are trying to come up.

R


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June 10, 2022, 07:39:45 AM
 #3

When regulation comes many will feel safer with regulated crypto projects but BTC for example cant be regulated because the founder cant be found, he (Nakamoto) saw this coming all along so what's going to happen? I believe the power to choose which project to invest in will be given to the people. The warning from the government will be ' do not invest in unregulated projects '.
If thats the case then stay with bitcoin. Cause no matter what government do they cant interrupt bitcoin since its decentralized and no one can intervene. Of course thats Satoshi's goal from the start. So no matter what they do and say they cant stop bitcoin since its a system made for everybody. They can apprehend other project since they are known but not btc.

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June 10, 2022, 08:03:37 AM
 #4

I think the power to choose crypto will be ultimately given to the people, governments and authorities aren't that stupid to ignore that, they are very well in their own interest. Have you ever seen them supporting something with out the purpose of making a profit? That's right, never! I believe most people would feel better trusting a cryptocurrency that has been vetted by the government than one with no founder they can regulate.

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June 10, 2022, 09:15:52 AM
 #5

Let's just say that worse comes to worse, I will abandoned all crypto coins and tokens for BTC only, the problem is we have many decentralised projects today but they don't stand their ground as a decentralised project, this is why people will always prefer BTC over many altcoins, when it comes to BTC the government is totally powerless.

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June 10, 2022, 09:45:04 AM
 #6

When regulation comes many will feel safer with regulated crypto projects but BTC for example cant be regulated because the founder cant be found, he (Nakamoto) saw this coming all along so what's going to happen? I believe the power to choose which project to invest in will be given to the people. The warning from the government will be ' do not invest in unregulated projects '.
Governments in all countries only give warnings to every citizen so as not to lose out with unregulated crypto projects and I think that is also very good for everyone because in every country there are still very many citizens who are not crypto savvy so heed the warnings from the government That's not a bad thing, I think, because the ones who come forward to stay abreast of crypto projects are those who understand the risks and only themselves who bear it when they experience losses.

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June 10, 2022, 10:15:37 AM
 #7

When regulation comes many will feel safer with regulated crypto projects but BTC for example cant be regulated because the founder cant be found,
Why do you need to regulate bitcoin. You have exchange site that has become gateway for money to go in or out from the crypto market. The regulators are having better consideration rather than you. They are eyeing the gateway of money to enter into the crypto.

he (Nakamoto) saw this coming all along so what's going to happen? I believe the power to choose which project to invest in will be given to the people. The warning from the government will be ' do not invest in unregulated projects '.
The launch of new tokens can be fully regulated. All of centralized and decentralized platforms can comply with the regulation if it will be forced by the regulators. DEX and CEX are still being created by human. The regulators just need to forced human behind these platforms to make it happen.

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June 10, 2022, 04:39:23 PM
 #8

When regulation comes many will feel safer with regulated crypto projects but BTC for example cant be regulated because the founder cant be found, he (Nakamoto) saw this coming all along so what's going to happen? I believe the power to choose which project to invest in will be given to the people. The warning from the government will be ' do not invest in unregulated projects '.
That power is already on the people, nothing more to do here.

The government's words are not the basis here. Once there starts a regulation-unregulation division, the unregulated projects will go underground and still run rampantly taking money from people just like they used to pre-regulation in far future. At such times, the effect of scams will therefore be much more and also those giving huge profits.

So even if the projects get regulated the "Wild West" sort of projects will still remains - because humans love to take risks and this is a prime example.

If one wants to make money, they should just be in bitcoin, why even go into the realms of scams and shitcoins?

R


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kapalmabur
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June 10, 2022, 04:57:23 PM
 #9

When regulation comes many will feel safer with regulated crypto projects but BTC for example cant be regulated because the founder cant be found, he (Nakamoto) saw this coming all along so what's going to happen? I believe the power to choose which project to invest in will be given to the people. The warning from the government will be ' do not invest in unregulated projects '.
Governments in all countries only give warnings to every citizen so as not to lose out with unregulated crypto projects and I think that is also very good for everyone because in every country there are still very many citizens who are not crypto savvy so heed the warnings from the government That's not a bad thing, I think, because the ones who come forward to stay abreast of crypto projects are those who understand the risks and only themselves who bear it when they experience losses.
Before joining the project of course everyone needs to be responsible for himself,
crypto is very risky and when someone suffers a loss due to fraud, of course the government has no right to take care of it,
That's why it's important to have such thorough preparations
learn knowledge and skills about crypto
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June 10, 2022, 05:03:52 PM
 #10

The warning from the government will be ' do not invest in unregulated projects '.

This is sounding like what they sing as song to blow away those who don't understand bitcoin or believe in themselves. As usual when they come up with such kind of threat the low IQ run off for sell and yet bitcoin still growing in awareness, adoption of a certain, the freedom keeps reaching to every corner of the world. It is what we keep hearing but the bitcoin atmosphere gets clearer with blockchain. Mostly they are doing that to protect their business which banks and financial institution represent.
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June 10, 2022, 05:32:34 PM
 #11

What point are you trying to make exactly, Bitcoin is decentralized and so are some altcoins, and these decentralized coins can be controlled and this is the original satoshi idea for creating Bitcoin to serve as a p2p payment method that is free from bank involvement, but centralized coins can easily be controlled and regulated.
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June 10, 2022, 06:56:03 PM
 #12

When regulation comes many will feel safer with regulated crypto projects but BTC for example cant be regulated because the founder cant be found, he (Nakamoto) saw this coming all along so what's going to happen? I believe the power to choose which project to invest in will be given to the people. The warning from the government will be ' do not invest in unregulated projects '.
Bitcoin is an entity which is separate from Satoshi in a similar way how if a person creates a company the company is an entity which is separate from the owner, and even if you were to sue the company you cannot touch the assets of the owner due to their independence from each other, now while the extent of the regulations that can be applied to bitcoin is limited due to its decentralized nature, regulating bitcoin is difficult but not outright impossible as we have seen many governments establishing regulations against bitcoin for years.
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June 10, 2022, 07:05:08 PM
 #13

When regulation comes many will feel safer with regulated crypto projects but BTC for example cant be regulated because the founder cant be found, he (Nakamoto) saw this coming all along so what's going to happen? I believe the power to choose which project to invest in will be given to the people. The warning from the government will be ' do not invest in unregulated projects '.

They can't regulate the bitcoin blockchain network indeed but they can regulate the FIAT gates (exchanges) and that would effectively regulate bitcoin because almost everybody trade bitcoins against the dollar or dollar based stable coins. Since those coins are centralized, once they regulate the other side of the trades, bitcoin gets regulated automatically.

If you think you can purchase stuff without the services provided by the exchanges, then the government will regulate the merchants. Dead ends everywhere.

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June 10, 2022, 07:15:16 PM
 #14

When regulation comes many will feel safer with regulated crypto projects but BTC for example cant be regulated because the founder cant be found, he (Nakamoto) saw this coming all along so what's going to happen? I believe the power to choose which project to invest in will be given to the people. The warning from the government will be ' do not invest in unregulated projects '.

Well as far as i know the main reason why Satoshi Nakamoto invented Bitcoin was to create a way of payment that is not controlled by countries or by federal banks. The promise and the goal of bitcoin was that everyone should be able to send payments anywhere or to receive payments from anywhere and that this can not be blocked or controlled by the authorities first before the payment goes through.
There are always rumors coming up about impending regulations for crypto currencies and what this might mean for the crypto market as a whole. Most of the time the news of such regulations have caused a drop in the prices of crypto currencies because people are stillt htinking that regulations would be a bad thing. I think we will see some form of regulation sooner or later.
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June 10, 2022, 08:06:57 PM
 #15

What makes you think bitcoin is not regulated? Just because its founder is anonymous? I think you confuse the concepts of regulation and decentralization. Bitcoin has been regulated for a long time by most countries, legislation and tax regulations are in place, licenses for exchanges are being introduced, exchanges are introducing KYC, and the SEC is keeping a close eye on big companies that invest in bitcoin. So I wouldn't say bitcoin is unregulated, it is one of the regulated projects in the crypto industry.

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June 10, 2022, 08:32:43 PM
 #16

When regulation comes many will feel safer with regulated crypto projects but BTC for example cant be regulated because the founder cant be found, he (Nakamoto) saw this coming all along so what's going to happen?

The government can't modify the blockchain transaction or stop the Bitcoin network.  Even with Satoshi missing,  the Bitcoin economy continues to bloom.  The only action the government can take is to implement KYC in the centralized institution that deals with cryptocurrency.  

I believe the power to choose which project to invest in will be given to the people.

It is actually the current status in terms of investment.  We are the ones who chose where to invest, how much we are going to invest, and when we are going to invest.  It does not need to be given because we already have it.


The warning from the government will be ' do not invest in unregulated projects '.

It is normal for the government to issue a warning against unregulated projects because many scams are done by this kind of project.  Aside from that, unregulated projects are kinda careless with their decisions that cause millions to billions of dollars lost to their investors.  You can see the recent event in LUNA as an example.

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June 10, 2022, 08:53:23 PM
 #17

Yes you are right, the decision to give out your money to willing con artists is entirely up to you. Anyways, always do your own research, because ultimately it's still your money and not the government's
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June 10, 2022, 08:55:21 PM
 #18

When regulation comes many will feel safer with regulated crypto projects but BTC for example cant be regulated because the founder cant be found, he (Nakamoto) saw this coming all along so what's going to happen? I believe the power to choose which project to invest in will be given to the people. The warning from the government will be ' do not invest in unregulated projects '.
It's totally different for bitcoin. It was all about the decentralization that it has given to everyone but these days, it's important to know the people behind new projects because they are possible to run away. BTC has proven its worth and it has started all of this decentralization and anonymity. Whilst the new projects, even it is portraying anonymity, it's hard to put trust in it especially when most of the projects today are prone to rug pulling. Unless, these projects even with anonymous team are proving themselves but it's hard to see such projects these days.

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June 10, 2022, 09:38:34 PM
 #19

Because Bitcoin is decentralized, the ways we are trading Bitcoin may be controlled again by the government by regulating certain exchanges to do KYC and most centralized exchanges require it. However, the underlined thing about Bitcoin is that this is the first cryptocurrency, the most valued crypto in the world, has never been beaten, and has had high trust from all holders and investors for years. How can it be equated with shitcoins?
Even it is about the new projects that require KYC or even the centralized projects, will it guarantee that the project is legit? NO, big no
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June 10, 2022, 09:46:10 PM
 #20

When regulation comes many will feel safer with regulated crypto projects but BTC for example cant be regulated because the founder cant be found, he (Nakamoto) saw this coming all along so what's going to happen? I believe the power to choose which project to invest in will be given to the people. The warning from the government will be ' do not invest in unregulated projects '.

I disagree with you, when theres outside regulation to the crypto currency world; then there is nothing like 'power to the people' instead, you hand over power back to the government to determine and decide for you what and when you can use your own crypto assets. The blockchain should remained decentralized with DAO embraced to give power back to the people

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