Power to the people

[The Cryptovator]

Decentralization and regulation are conflicts with each other. Bitcoin is true Decentralization and it won't control by anyone. If the government wants to regulate, it may regulate centralized exchanges and wallets. This is something that should consider as crypto regulations. Otherwise, I don't see how the government will control non-custodial wallet transactions. It's not possible to find the address owner from the non-custodial wallet.

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[Sanitough]

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 '.

Just expect that the government will never support you as long as projects remain to be decentralized and unregulated. Its always a threat for them. However, if you are focused and more determined to get successful with bitcoin, then never rely on others or any group for permission. The power is in you. You know how risky the crypto market is, but if you always invest in potential projects and in those that have high utility cases, the community's demand will always be there. And that makes the project, regardless if its decentralized, will always have higher chances to succeed.

[isaac_clarke22]

That's why I prefer the power given by Bitcoin because everything runs from a large community and market capitalists in Bitcoin continue to grow and investment in Bitcoin is still quite safe even without current strict regulations, but regulation of crypto is also very important because with the existence of With these regulations, we can invest in altcoin projects comfortably because the project is already regulated by regulations but until now the development of regulations has not been made by the SEC so that market conditions are still sluggish because they are still waiting for a decision to be given.

KYC is quite an annoying of a policy to be honest (sorry for the word). Being underneath something that is regulated does not even guarantee security since surely every regulated exchanges is still being maintained by either an amateur programmer or the opposite ones making it quite hard for someone to know if their money is safe or not.

[jossiel]

That's the job of the government to regulate things and protect its people. That's why they're telling not to invest to unregistered investments and as well as cryptocurrencies.

They know that it's a mess for them if they don't do their job as they're part of the country's authority to help and educate the people about such investments.

And we as investors on this space, we should take accountability for our actions if our choices fail or we lose.

[bitcrystal]

Regulation is already with us because we have several developments for exchanges to mandate kyc for all users, also project owners doing kyc to prove confidence and make dealings transparent is okay as well. decentralization needs to still be maintained and freedom as well. if crypto loses these two then its no more in line with what it used to be. so much work still needs to be done. for now everyone still has his/her power with them to choose and do whatever they feel like doing.

[batou]

Actually you need to study the complete history of the cryptocurrency.Cryptocurrency had the investors all over the world,it mean you can sell the coin.Even if the coin is banned in your country,because you can exchange to USD in any exchange and then to your Fiat at the needed time.Even now the project power was in the traders,specially the decentralised cryptocurrency.When the power with the traders,you can hold for longer period for the profit.

[Silberman]

That's why I prefer the power given by Bitcoin because everything runs from a large community and market capitalists in Bitcoin continue to grow and investment in Bitcoin is still quite safe even without current strict regulations, but regulation of crypto is also very important because with the existence of With these regulations, we can invest in altcoin projects comfortably because the project is already regulated by regulations but until now the development of regulations has not been made by the SEC so that market conditions are still sluggish because they are still waiting for a decision to be given.

KYC is quite an annoying of a policy to be honest (sorry for the word). Being underneath something that is regulated does not even guarantee security since surely every regulated exchanges is still being maintained by either an amateur programmer or the opposite ones making it quite hard for someone to know if their money is safe or not.

Without a doubt KYC is a complete pain, governments use the excuse of terrorism or tax avoidance to force every single institution to force you to go through KYC policies, but that is a lie, they want to see how far they can push people around so their control over them is bigger and bigger, and unfortunately most people do not realize this and the few that do think that since they have nothing to hide then everything is fine, not realizing that whatever privacy they give up today it will never be returned by the governments.

[isaac_clarke22]

~

I see that notice quite a lot when I was passing by some remittance centers (also count money laundering for that). It is just a typical regulation of government for their people.
I use wallets that require KYC and still to this day, it annoys me even if I am verified because they just keep bugging me that I need to update my ID or all those kinds of verification that they require.
One day I might end up just doing p2p instead.

[Finestream]

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 '.

Government has made their own rules to follow and we have also our own rules too that reflect how we do in the market. Let the regulation be the basis for pro government aspiring investors but for those who have seen the real worth of decentralized coins, the power to choose is within us as whatever our decision will always reflect its outcome. But one thing is certain, regulated projects do not prioritize us as it’s still subject for government full control, and that they should always get some portion of our profits which I think is unfair for us.

[Oceat]

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 '.

Government has made their own rules to follow and we have also our own rules too that reflect how we do in the market. Let the regulation be the basis for pro government aspiring investors but for those who have seen the real worth of decentralized coins, the power to choose is within us as whatever our decision will always reflect its outcome. But one thing is certain, regulated projects do not prioritize us as it’s still subject for government full control, and that they should always get some portion of our profits which I think is unfair for us.

Well, all I can say is both regulated and unregulated crypto's are having pros and cons. People choose they allow to be use even if the government regulate it but in Bitcoin some of us choose it because of how easy it is to use than trusting your hard earned money to the government that would eventually be taken away from you if you made a some mistake. And when it comes to crypto, I think it's for investment only and not for choosing as a means of payment but of course, Bitcoin is different because it can be an investment and at the same time it can be use as a means of payment.

[Rengga Jati]

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?

Does it guarantee that a regulated crypto project will be safer? Safer from what? Scammers? or also from market fluctuation?
Well, every project has its risk that we must avoid and I will not be sure enough if this is called as a safer project even if they are regulated. As we know that many projects are failed (even the regulated projects), not only because of the lack of concept, funds, or teams but also because of their inability to survive during the bear market. And this will not be related to the regulation or not. However, many people here in the crypto industry also like something decentralized and not regulated, this is what differentiated it from the real business in the world which should be regulated under certain government institutions.

Bitcoin, here, is on another level this is the first crypto, that gains higher trust by the community, hold most crypto holders, have a high value. This is different with shit projects. exactly

[SistaFista]

Decentralization and regulation are conflicts with each other. Bitcoin is true Decentralization and it won't control by anyone. If the government wants to regulate, it may regulate centralized exchanges and wallets. This is something that should consider as crypto regulations. Otherwise, I don't see how the government will control non-custodial wallet transactions. It's not possible to find the address owner from the non-custodial wallet.

Indeed, decentralization means no regulator or center party. bitcoin should be decentralized, but seems like it has become centralized.
If we look at the bitcoin global hash rate mining, it centralized on mining pool which is not suppose to be.
But from year to year, bitcoin price is very sustainable and worth to buy.

[Oasisman]

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 '.

Its not that Satoshi is nowhere to be found that the government can't regulate Bitcoin, but it is how Bitcoin was designed to be decentralized. Government are trying to regulate it many times. The KYC would be the first step and crypto taxation.
But I don't think they can officially regulate Bitcoin. They can regulate it their own way to protect it's users, but would sacrifice the user's anonymity which I don't think everyone likes it.

[repear7]

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 have no idea what you mean by that. There is no argument with your words. Everyone knows that cryptocurrency is not under anyone's control. You can't say it's over. Because thousands of people invest here. Everyone trusts it. Maybe there is a little risk, so no one is sitting, everyone is investing. And explain what you want to say. That would be good.

[wxa7115]

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 '.

Anything can be regulated and that includes bitcoin, however how effective the regulation will be? That is the actual question, and I think that as long as there are people willing to fight for their privacy there will still be a sector of this market which will be impossible to regulate successfully, this has nothing to do with Satoshi as he has no control of bitcoin anymore, this has to do with the fact that bitcoin is in fact a decentralized currency.

A great deal of the projects we see in the market are in fact centralized, which means that if they do not comply the government then they will go for the owners of the project and even force them to change the rules of their networks, something not possible to do against bitcoin because even if they went against the developers and they changed the code the miners can reject the updates which are detrimental to bitcoin.

[bitcrystal]

Regulation is good but it will affect so many things. For me I think decentralization and regulation. Working together in the full way won't work as intended and making profits won't be easy because alot of things will be uncovered.

[TelolettOm]

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?

Are you sure that regulations or regulated crypto will be safer? is it really safe? Do they guarantee that the regulated crypto will be safer, not scams, or even will guarantee that the project will be rising p? In fact, no. The crypto market is not as easy as we think. It is about people around the world and about the trust in Bitcoin. Bitcoin is the first crypto, most people believe this because of this journey so far. This is different with the numerous altcoins that are created every day that will be probably heading to be shit coins.

[DeathAngel]

The government like the status quo to remain unchanged. They don’t want everybody getting rich & having control of their own financial futures. It works for the government if everybody is in debt with loans, mortgages, credit cards. They don’t want you to be financially independent. They want you to rely on them, they like to earn huge interest % from money you borrow through them. Now is the time for you to change yours & your families future by taking control back, buy bitcoin & control your own money.

[m2017]

The government like the status quo to remain unchanged. They don’t want everybody getting rich & having control of their own financial futures. It works for the government if everybody is in debt with loans, mortgages, credit cards. They don’t want you to be financially independent. They want you to rely on them, they like to earn huge interest % from money you borrow through them. Now is the time for you to change yours & your families future by taking control back, buy bitcoin & control your own money.

Well, I don't think it was possible at all for everyone to become rich, because there aren't enough resources for everyone. It has always been that way and is unlikely to change. Including, and with bitcoin. There are early investors with hundreds, thousands or even more than bitcoins, and there are those who have only 0.01-0.1 BTC. 21.000.000 BTC is already unevenly distributed and everyone can't become rich thanks to crypto.

But the control of the finances of citizens, this is the holy of holies for any government, and they will not give it up so easily. It is because of this that obstacles are created for the adoption of bitcoin around the world, such as the ban on mining in China.

I believe that the control of your money with crypto in the future will not be entirely complete, because governments will impose a tax on the use of it in all countries, as is already happening in some countries like the United States. But it's still better than trusting the traditional financial system.

[RussianEnglishTranslation]

The government like the status quo to remain unchanged. They don’t want everybody getting rich & having control of their own financial futures. It works for the government if everybody is in debt with loans, mortgages, credit cards. They don’t want you to be financially independent. They want you to rely on them, they like to earn huge interest % from money you borrow through them. Now is the time for you to change yours & your families future by taking control back, buy bitcoin & control your own money.

Well, I don't think it was possible at all for everyone to become rich, because there aren't enough resources for everyone. It has always been that way and is unlikely to change. Including, and with bitcoin. There are early investors with hundreds, thousands or even more than bitcoins, and there are those who have only 0.01-0.1 BTC. 21.000.000 BTC is already unevenly distributed and everyone can't become rich thanks to crypto.

But the control of the finances of citizens, this is the holy of holies for any government, and they will not give it up so easily. It is because of this that obstacles are created for the adoption of bitcoin around the world, such as the ban on mining in China.

I believe that the control of your money with crypto in the future will not be entirely complete, because governments will impose a tax on the use of it in all countries, as is already happening in some countries like the United States. But it's still better than trusting the traditional financial system.

This is a high brow discussion and a step above what I normally find on this forum. If I could upvote you and the comment you responded to I would. An argument that I would make is that they did allow a large number of people to get rich from the dot com bubble and similar events have occurred with housing bubbles. The issue, just like in crypto, is knowing when to take profits. I've been in this since 2017 and haven't taken any profits. I've used this entire time to accumulate XRP, ICP, and 0xMR. I think Q4 2022 is when the next bull run starts.