Could we invalidate all regulations?

[jdarren]

In utopia it would work, but everyone has their own interests in mind including the government and us as well

[savushkinTA]

I think it's necessary that the bitcoin rate be more stable

[RenegadeMind]

I think it's necessary that the bitcoin rate be more stable

I'm not so sure about that. If merchants are using payment solutions to exchange instantly, then it's not really a big deal. Also, at that rate, then you've got a much higher velocity of money, which would put upwards pressure on the purchasing power of bitcoins. If anything, merchants would tend to hold what they didn't need for immediate liquidity and they'd welcome BTC purchases.

However, that's again predicated on enough merchants accepting it for it to be used much.

[centralbanksequalsbombs]

I think it's necessary that the bitcoin rate be more stable

I'm not so sure about that. If merchants are using payment solutions to exchange instantly, then it's not really a big deal. Also, at that rate, then you've got a much higher velocity of money, which would put upwards pressure on the purchasing power of bitcoins. If anything, merchants would tend to hold what they didn't need for immediate liquidity and they'd welcome BTC purchases.

However, that's again predicated on enough merchants accepting it for it to be used much.

Yes, with due time this will occur. Even though Bitcoin is incredibly strong, growing and established for 8 years....you gotta remember that its still not at 1% adoption of all people yet.

Once it hits around 1.5%, and then a few years later when it hits 3% global adoption, then that pretty much equals mainstream.

[8270thNinja]

Bitcoin as a payment on these merchants will always be "fiat-dependent" . Do you think stores will accept bitcoin if the price is on it's lowest value? Will the customer pay bitcoin if the price is on it's highest? SIMPLY NO. We are far away from the scenario that you've given. Stable prices most come first with a little volatility on it and an acceptable regulatory policies.

[Ccexicocartel]

That would be ideal but you have to think about the government. It survives off of collecting taxes. it would disintegrate if everyone just only used bitcoin without any regulation

[Yuhee]

That would be ideal but you have to think about the government. It survives off of collecting taxes. it would disintegrate if everyone just only used bitcoin without any regulation

Well then the economy of a government fall down if it is without taxes. Because if all transaction would eventually go to bitcoin, then their will be no money for the government and it will go to businessmen or corporation. That would mean big conglemerate is getting richer while the government itself is just stuck. Unless the government would make services with bitcoin, then it is really hard for the economy to increase without taxes.

[Lieldoryn]

I think it's necessary that the bitcoin rate be more stable

I'm not so sure about that. If merchants are using payment solutions to exchange instantly, then it's not really a big deal. Also, at that rate, then you've got a much higher velocity of money, which would put upwards pressure on the purchasing power of bitcoins. If anything, merchants would tend to hold what they didn't need for immediate liquidity and they'd welcome BTC purchases.

However, that's again predicated on enough merchants accepting it for it to be used much.

Traders who trade for cash are unable to accept bitcoins even if they wanted to. They are obliged to trade only in the national currency. Why not accept bitcoin online shops, I don't understand. It seems to me that it will be profitable for them, but they will lay in the cost of additional expenses and this may deter buyers because in bitcoin the price will be higher than Fiat. To be honest that buyers don't want to leave bitcoin because it is rising in price and they try to keep it in their wallets.

[centralbanksequalsbombs]

That would be ideal but you have to think about the government. It survives off of collecting taxes. it would disintegrate if everyone just only used bitcoin without any regulation

Well then the economy of a government fall down if it is without taxes. Because if all transaction would eventually go to bitcoin, then their will be no money for the government and it will go to businessmen or corporation. That would mean big conglemerate is getting richer while the government itself is just stuck. Unless the government would make services with bitcoin, then it is really hard for the economy to increase without taxes.

Opposite. The big conglomerates would become weaker and smaller/go out of business if governments got weaker or smaller.

Governments together with big banks protect the big congomerates and basically feed an anti-competitive environment especially as regulations are introduced. The biggest and richest can easily comply with any such regulations and also can afford to pay for sponsoring to make more regulations  to stave off competition.