Regulations of bitcoin

Falcon98 (OP)

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Regulations of bitcoin

August 20, 2014, 01:18:32 PM

Noob question from me . Can bitcoin be regulated so much that it losses alot of its value??? (banned from the country etc.)

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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.

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Xiaoxiao

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Re: Regulations of bitcoin

August 20, 2014, 01:27:54 PM

Quote from: Falcon98 on August 20, 2014, 01:18:32 PM

Noob question from me . Can bitcoin be regulated so much that it losses alot of its value??? (banned from the country etc.)

Yes it can. It stops circulation and liquidity and therefore adoption.

silversmith

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Re: Regulations of bitcoin

August 20, 2014, 03:57:20 PM

We don't need any regulations. My bitcoins are safe and sound in Mt.Gox.

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Re: Regulations of bitcoin

August 20, 2014, 04:04:45 PM

regulation might kill bitcoin

wenben

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Re: Regulations of bitcoin

August 20, 2014, 04:08:25 PM

Quote from: Xiaoxiao on August 20, 2014, 01:27:54 PM

Quote from: Falcon98 on August 20, 2014, 01:18:32 PM

Noob question from me . Can bitcoin be regulated so much that it losses alot of its value??? (banned from the country etc.)

Yes it can. It stops circulation and liquidity and therefore adoption.

The recent price dropped of bitcoin is probably related to bitlicense beng proposed by New York.

If bitcoin business follow every rules and accept it, that will make btc no difference than fiat.

maker88

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Re: Regulations of bitcoin

August 20, 2014, 05:04:04 PM

Quote from: wenben on August 20, 2014, 04:08:25 PM

Quote from: Xiaoxiao on August 20, 2014, 01:27:54 PM

Quote from: Falcon98 on August 20, 2014, 01:18:32 PM

Noob question from me . Can bitcoin be regulated so much that it losses alot of its value??? (banned from the country etc.)

Yes it can. It stops circulation and liquidity and therefore adoption.

The recent price dropped of bitcoin is probably related to bitlicense beng proposed by New York.

If bitcoin business follow every rules and accept it, that will make btc no difference than fiat.

Except for the whole decentralized deflationary asset part. Like you know everything that makes bitcoin bitcoin? No regulation can change that, and no regulation can stop fiat from losing value year after year.

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