Is Regulation The End For Bitcoin?

[networthsigns]

Regulation? Drugs are highly regulated. In most places, they're illegal, and yet they're everywhere, available to all. If governments have failed  with drugs, I can't imagine how they could control BTC with whatever regulation.

Yes i am with you i can't see how they can possibly regulate bitcoin, only be able to regulate the already centralized parts of bitcoin and that will be good that is all that needs regulating is the exchanges. Last i heard bitcoin was banned in china by their govt yet they are probably the biggest user base goes to show how well they can control bitcoin No doubt in my mind they will fail trying

[Snail2]

All the Gox'ing, Stamp'ing, Mycoin'ing, Neo and Bees, and continuous scams will prevent Bitcoin from maturing and taking off if only the 200,000 or so Bitcoin users in the world use it.  Need to add a few a more decimals to that figure, and only way to do that is to provide protection.

Sure. In the fiat world we never ever seen any scams... bankers, brokers and politicians are all honest blokes. Do you guys really this naive?

[croato]

Exchanges and most businesses related to bitcoin should be regulated in my opinion if we want Bitcoin to succed and Bitcoin it self cant be regulated as long as it is decentralised.

[M28MmickT]

Exchanges and most businesses related to bitcoin should be regulated in my opinion if we want Bitcoin to succed and Bitcoin it self cant be regulated as long as it is decentralised.

This is right and that is all we need to be regulated is the greedy's who run some of the exchanges as it was and has been a free for all steal what you can and get out the door. (After blaming a hacker of course) lol

[ajareselde]

It is near to impossible to regulate bitcoin itself,so i doubt that will ever happen, however, the regulation will come sooner or later to trading,exchanging and many
of the services that are linked with bitcoin.

Its not the end of bitcoin, and it never will be, but it sure will be the end of the bitcoins wild west adventure where people get ripped off at ever corner.
I think regulations will enforce audits of large exchanges, force them to report buyers and sellers, no more hiding behind the nicknames, and that will be the strongest hit to popularity,
unless larger players see their chance in entering the game once "all rules are known".
Bitcoin mixing services will be the first ones to be outright forbidden and closed down, since they are the ones who will provide most anonymity to abusers of crypto-currency.

cheers

[mayax]

First, there will be less bitcoiner, since it's regulated
Second, some bitcoin will sell their coins & dropping bitcoin price, since it's better to hold fiat than regulated bitcoin
Third, some bitcoin service will be closed, especially ilegal service

But, i think bitcoin better die than must be regulated

correct. what is VERY strange is that many are very happy that someone exchanges are regulated

they are either blinds,stupid or kids.

Regulated = reporting to gov, taxes and so on. this is contrary to what BTC goal.

[Hazir]

Exchanges and most businesses related to bitcoin should be regulated in my opinion if we want Bitcoin to succed and Bitcoin it self cant be regulated as long as it is decentralised.

This is right and that is all we need to be regulated is the greedy's who run some of the exchanges as it was and has been a free for all steal what you can and get out the door. (After blaming a hacker of course) lol

I guess you are missing something here. Exchanges doesn't need regulations! They need better protection! Operators of exchange markets should be more aware of dangers and keep people's coins stored in SECURE way. That is the only thing that I would change, really, because if you try to regulate exchanges it will be first step to regulate all services linked to bitcoin.

[johnyj]

Technically it is not possible to regulate, and in fact banks are dodging government regulations regularly using different tricks. So I don't think bitcoin business will be any different, they will always find a way to get around regulation, because the governments are technically incompetent to regulate either banks or bitcoin

[333seven]

Bitcoin cant be regulated. Any attempt to control it would render it invaluable.

[Honeybooboo]

Regulation is essentially a necessary evil for mainstream adoption/acceptance whether people like it or not. What is problematic is the level of regulation it receives. Minimal is fine and perfectly acceptable but if they start making complex regulations around it then it will become troublesome to use and work out your taxes on it.

Technically it is not possible to regulate, and in fact banks are dodging government regulations regularly using different tricks. So I don't think bitcoin business will be any different, they will always find a way to get around regulation, because the governments are technically incompetent to regulate either banks or bitcoin

They won't regulate bitcoin directly but just people using it. They'll tax the products purchased with it in the same way fiat is taxed on regular goods and services etc. People evading taxes and laws will be punished in the usual way.

Bitcoin cant be regulated. Any attempt to control it would render it invaluable.

How do you work that out? Please expand and clarify your statement.

[asuryan180]

Technically it is not possible to regulate, and in fact banks are dodging government regulations regularly using different tricks. So I don't think bitcoin business will be any different, they will always find a way to get around regulation, because the governments are technically incompetent to regulate either banks or bitcoin

Have to agree with this they can barley regulate anything as it stands, banks drugs, stocks, tax the list is endless whatever they try lik eyou say there is always a way around it people always find a way around the governments attempts to take full control which is a good thing would hate to see something as good as bitcoin become tarnished with their potential regs.

[QuestionAuthority]

The U.S. government already regulates Bitcoin fairly well. If you want to trade them back and forth like gaming tokens they don't care. If you want to trade them for product you'd better pay your taxes. If you want to trade them for cash you better have a license. They are assimilating Bitcoin into their system very effectively. When they bust someone for a crime and confiscate their Bitcoins do they wipe the hard drives and auction off the computers? No, they have a separate auction for the Bitcoins. That says not only do they see the value of Bitcoin but feel confident they can regulate your freedom to use it as you see fit.

That's not the end of Bitcoin but it is the end of Bitcoin's radical value to facilitate societal change. It is quickly becoming nothing more than a private ACH/EFT system with lower fees (I would expect lower fees at this point because it's not processing as many transactions as ACH). Instead of the ACH/EFT system happening seamlessly behind the scenes when you use a debit card you must first purchase ACH tokens (btc) for the value of the money you want to send. Eventually that system will be seamless too. You will no longer need to go to coinbase and buy btc to send and the store will take those btc and exchange them. Companies like MasterCard or Visa will do that exchange for you. You will spend in Bitcoin using your special card and the company you purchased from will take those btc and have a merchant service automatically deposit fiat into their account. Over time items will be listed in fiat and the store will accept fiat and you will never know btc was the clearing house used for the value transfer. That's a lot like what happens today isn't it?

[BrunesBTC45]

Is Regulation The End For Bitcoin?

http://bitforum.info/t/is-regulation-the-end-for-bitcoin/396

Maybe bitcoiners doesnt say this out loud but majority of us question ourselves, if Bitcoin will be regulated. Would it be the end?

I mean, if there is a central entity that regulates Bitcoin, do you think that they're regulation would be 'limited' or will they violate a bitcoiners privacy for the sake of 'regulation'?

In the article, it reads the advantages of regulation.

Can you give out negative effects if Bitcoin is regulated?

Why are people too negative about regulation?
Let is give these pro-regulators a chance? Hm?
Maybe they have something good for us.

[asuryan180]

Is Regulation The End For Bitcoin?

http://bitforum.info/t/is-regulation-the-end-for-bitcoin/396

Maybe bitcoiners doesnt say this out loud but majority of us question ourselves, if Bitcoin will be regulated. Would it be the end?

I mean, if there is a central entity that regulates Bitcoin, do you think that they're regulation would be 'limited' or will they violate a bitcoiners privacy for the sake of 'regulation'?

In the article, it reads the advantages of regulation.

Can you give out negative effects if Bitcoin is regulated?

Why are people too negative about regulation?
Let is give these pro-regulators a chance? Hm?
Maybe they have something good for us.

I hope you are joking, why are most negative about it just take a look at the economy and control they have over us because of regulation, read up fractional reserve read up the regulations they have controlled us with then come back.

Lets not give them a chance our fathers fathers gave them a chance and that is why we are at where we are at.

I repeat nothing good can come from this, research then come back.  

[TheBitcoinGroup]

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[ChuckBuck]

All the Gox'ing, Stamp'ing, Mycoin'ing, Neo and Bees, and continuous scams will prevent Bitcoin from maturing and taking off if only the 200,000 or so Bitcoin users in the world use it.  Need to add a few a more decimals to that figure, and only way to do that is to provide protection.

Sure. In the fiat world we never ever seen any scams... bankers, brokers and politicians are all honest blokes. Do you guys really this naive?

In the fiat world, you've never heard of the NYSE, AMEX, NASDAQ, CME, CBOT, etc run off with their customers money.

I know you guys all want your cake and eat it too, but the mainstream won't buy into Bitcoin without consumer protection and insurance like they're used to.  Not saying alot of these banks are perfect or aren't corrupt forces, but when's the last time you've heard of a major exchange like say the NASDAQ run off with like a half a billion dollars without recourse?

[QuestionAuthority]

Is Regulation The End For Bitcoin?

http://bitforum.info/t/is-regulation-the-end-for-bitcoin/396

Maybe bitcoiners doesnt say this out loud but majority of us question ourselves, if Bitcoin will be regulated. Would it be the end?

I mean, if there is a central entity that regulates Bitcoin, do you think that they're regulation would be 'limited' or will they violate a bitcoiners privacy for the sake of 'regulation'?

In the article, it reads the advantages of regulation.

Can you give out negative effects if Bitcoin is regulated?

Why are people too negative about regulation?
Let is give these pro-regulators a chance? Hm?
Maybe they have something good for us.

That's like saying, hey maybe being raped isn't so bad. Let's take one up the ass and see how it feels first.

[thejaytiesto]

Is Regulation The End For Bitcoin?

http://bitforum.info/t/is-regulation-the-end-for-bitcoin/396

Maybe bitcoiners doesnt say this out loud but majority of us question ourselves, if Bitcoin will be regulated. Would it be the end?

I mean, if there is a central entity that regulates Bitcoin, do you think that they're regulation would be 'limited' or will they violate a bitcoiners privacy for the sake of 'regulation'?

In the article, it reads the advantages of regulation.

Can you give out negative effects if Bitcoin is regulated?

They can regulate all they want, they cannot come into your house and tell you what to do with your Bitcoins. As long as you don't convert to fiat reguations don't even matter.

[blablaace]

no, because some people will simply flock to UNREGULATED exchanges .. which will always exist

[GenieBTC]

Is Regulation The End For Bitcoin?

http://bitforum.info/t/is-regulation-the-end-for-bitcoin/396

Maybe bitcoiners doesnt say this out loud but majority of us question ourselves, if Bitcoin will be regulated. Would it be the end?

I mean, if there is a central entity that regulates Bitcoin, do you think that they're regulation would be 'limited' or will they violate a bitcoiners privacy for the sake of 'regulation'?

In the article, it reads the advantages of regulation.

Can you give out negative effects if Bitcoin is regulated?

They can regulate all they want, they cannot come into your house and tell you what to do with your Bitcoins. As long as you don't convert to fiat reguations don't even matter.

Are you really that sure that authorities will not barge in to your house if you use unregulated coins? Think again.