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Question: What type of effect will regulation have on bitcoin and bitcoins long-term future?
Positive
Negative
None
I don't know

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Author Topic: POLL: How do you think government regulation will effect bitcoin?  (Read 2721 times)
Icardi09
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August 07, 2014, 11:56:20 AM
 #21

Please vote. I am curious to find out what the general consensus of the forum is with regards to this issue. Thank you.
As the number of regulatory issues being discussed, many are wondering what it will do to the value of bitcoin. BTC does not operate in a vacuum. Regulatory decisions that will affect the price of bitcoin. The question is: will it help or hurt the value?
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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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elliwilli
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August 07, 2014, 03:57:55 PM
 #22

I don't want government regulation.
I think regulating money is a pretty bad thing and highly invasive. i think you at most should have to declare income and pay tax but i think that in its current state money regulation (at least in the UK) is highly invasive and against what bitcoin aimed to achieve (Anonymity of money)

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August 07, 2014, 04:05:34 PM
 #23

I prefer using fiat if government get involve in bitcoin.

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August 08, 2014, 11:38:02 AM
 #24

It will have negative effect on the concept of bitcoin.

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August 08, 2014, 11:49:19 AM
 #25

if exchane controlled by goverment and no hacker can steal it .
it will big exchange.
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August 08, 2014, 11:58:08 AM
 #26

Negative, it should stay like it is now without regulations, BTC dont need government control

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August 10, 2014, 06:00:45 PM
 #27

Bitcoin is a self-regulating system, so any outside interference will have a negative impact on the development of this system
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August 10, 2014, 06:08:51 PM
 #28

The more they regulate it the more attention Bitcoin gets.  Consider it free advertisement when people already don't trust the government.  The people paying attention will likely do what is in their best interest and Bitcoin is in everybody's best interest generally speaking.
There are some situations when it is not in a person's best interest to you bitcoin. One example of this would be a title company or a law firm account that is holding funds on behalf of their clients. Both of these types of companies need to have a very clear paper trail documenting every single transaction into and out of their bank accounts.
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