Is Regulation The End For Bitcoin?

[inBitweTrust]

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?

Read some of the replies, 80% cons 20% pros.

The OP has presented a malformed question and a false dichotomy. Bitcoin was regulated by the protocol and incentive structure itself when it was invented and now is regulated by many governments to one degree or another.

There is no pro - or con because there is a spectrum of how one defines regulation and to what degree people want bitcoin regulated. Bitcoin will persist with or without government regulation because it is a very popular open source project.

[manwithat]

Only if they forbid internet. It is difficult To guard All transactions with bitcoin.

[BillyBobZorton]

Only if they forbid internet. It is difficult To guard All transactions with bitcoin.

Even if they forbid the entire internet it wouldn't matter, in the future we will have decentralized internet with decentralized satellites, its gonna be fun.

[Slaxt]

No it is not the end of bitcoin when it gets regulated and it will be regulated very soon ,this may the UK government are looking into it they want to learn more and have spent 12 million to research it before they decide on how to do it to apparently make it a safer place for both investors and merchants. Chances are when they have there foot in the door they will try to control as much as they can..

[Furio]

No it is not the end of bitcoin when it gets regulated and it will be regulated very soon ,this may the UK government are looking into it they want to learn more and have spent 12 million to research it before they decide on how to do it to apparently make it a safer place for both investors and merchants. Chances are when they have there foot in the door they will try to control as much as they can..

If they start to tax everything with Bitcoin, it will be the end for mass adoption, only for people interested in anonymously doing business or lefties

[maku]

Regulations are real, check this:

U.K. TREASURY TO REGULATE DIGITAL CURRENCY & BITCOIN,

HM Treasury, the U.K. government’s economic and finance ministry, intends to apply anti-money laundering regulation to digital currency exchanges in the U.K. as part of a plan to promote the legitimate use of digital currency. The goal, according to a newly-released 28-page document, is to support innovation and prevent criminal use. - cryptocoinsnews.com https://www.cryptocoinsnews.com/u-k-treasury-regulate-digital-currency-bitcoin/

[Sharona]

Regulation just means some people will flock to unregulated networks (like my own ..) .. So it is hardly the 'end of bitcoin'

I don't really understand the function of bitcoin mixers (yes even if I have a sig campaing of a bitcoin mixer running). My question is: how do you know the bitcoins you get are clean and not stolen or criminal related? can't this be a problem for you?

You won't know. You might get the cleanest coins in history or something freshly stolen. The point is that no one else will be able to tell either.

Unless they have solid evidence connecting you to any crime directly, they won't bother with you. Also, they would be going through a known mixer address so people would know it would be fruitless to trace any further.

[jjacob]

No it is not the end of bitcoin when it gets regulated and it will be regulated very soon ,this may the UK government are looking into it they want to learn more and have spent 12 million to research it before they decide on how to do it to apparently make it a safer place for both investors and merchants. Chances are when they have there foot in the door they will try to control as much as they can..

If they start to tax everything with Bitcoin, it will be the end for mass adoption, only for people interested in anonymously doing business or lefties

Most people do pay taxes, so that won't be a concern for Bitcoin. Tax avoidance/evasion is not the only reason why people flock to Bitcoin. This is like saying fiat cash is used only by tax evaders / money launderers.

[BTC-Bank]

They are looking to control and regulate Bitcoin when the Bitcoin is made to not be controlled and regulated.In my opinion the only really thing they can do is to forbidden internet access as other member notice above but where? to whole world? so i found an end as impossible, a disaster maybe... 

Kind Regards,
BTC-Bank.

[Slaxt]

They are looking to control and regulate Bitcoin when the Bitcoin is made to not be controlled and regulated.In my opinion the only really thing they can do is to forbidden internet access as other member notice above but where? to whole world? so i found an end as impossible, a disaster maybe... 

Kind Regards,
BTC-Bank.

Yes they will try and do what they can to control i mean regulate but that is not going to get them anywhere as you have stated above they will not be able to. What they will be able to regulate i mean control would be exchanges and as we speak the UK government are planning to do exactly that which will not be good by any means.

More than likely we can expect the exchanges to get regulated and then massive fee's will be a result because the governments obviously want their bit as well as they always do.

It will not be the end but i could be fairly annoying jumping threw hoops for these people.

[BTC-Bank]

They are looking to control and regulate Bitcoin when the Bitcoin is made to not be controlled and regulated.In my opinion the only really thing they can do is to forbidden internet access as other member notice above but where? to whole world? so i found an end as impossible, a disaster maybe...  

Kind Regards,
BTC-Bank.

Yes they will try and do what they can to control i mean regulate but that is not going to get them anywhere as you have stated above they will not be able to. What they will be able to regulate i mean control would be exchanges and as we speak the UK government are planning to do exactly that which will not be good by any means.

More than likely we can expect the exchanges to get regulated and then massive fee's will be a result because the governments obviously want their bit as well as they always do.

It will not be the end but i could be fairly annoying jumping threw hoops for these people.

Except if we all recognize it for what it is build for?Which is money we don't need to exchange it we need to use it between us sure they can control mean regulate companies but not us and not all the world.. the idea of Bitcoin is not an investment opportunity which we just convert it to pounds, dollars,euros or else but is to use it as the form of payment and money this is the future and its future is only in our hands my friend. 

Kind Regards,
BTC-Bank.

[Slaxt]

They are looking to control and regulate Bitcoin when the Bitcoin is made to not be controlled and regulated.In my opinion the only really thing they can do is to forbidden internet access as other member notice above but where? to whole world? so i found an end as impossible, a disaster maybe...  

Kind Regards,
BTC-Bank.

Yes they will try and do what they can to control i mean regulate but that is not going to get them anywhere as you have stated above they will not be able to. What they will be able to regulate i mean control would be exchanges and as we speak the UK government are planning to do exactly that which will not be good by any means.

More than likely we can expect the exchanges to get regulated and then massive fee's will be a result because the governments obviously want their bit as well as they always do.

It will not be the end but i could be fairly annoying jumping threw hoops for these people.

Except if we all recognize it for what it is build for?Which is money we don't need to exchange it we need to use it between us sure they can control mean regulate companies but not us and not all the world.. the idea of Bitcoin is not an investment opportunity which we just convert it to pounds, dollars,euros or else but is to use it as the form of payment and money this is the future and its future is only in our hands my friend. 

Kind Regards,
BTC-Bank.

Most of us do recognize but as we speak the only real way to get bitcoin to start is threw an exchange unfortunately, but we will soon have decentralized exchanges then they can only regulate what is already centralized which will end up becoming obsolete.

Bithalo is the first steps towards true bitcoin freedom away from the control and regulations and scams. It is p2p and uses smartcontracts when the time is right we do have places to go like this away from the regulations but at the moment people are comfortable with what we have. 

There are great minds working to keep this what it should be thankfully

[BTC-Bank]

They are looking to control and regulate Bitcoin when the Bitcoin is made to not be controlled and regulated.In my opinion the only really thing they can do is to forbidden internet access as other member notice above but where? to whole world? so i found an end as impossible, a disaster maybe...  

Kind Regards,
BTC-Bank.

Yes they will try and do what they can to control i mean regulate but that is not going to get them anywhere as you have stated above they will not be able to. What they will be able to regulate i mean control would be exchanges and as we speak the UK government are planning to do exactly that which will not be good by any means.

More than likely we can expect the exchanges to get regulated and then massive fee's will be a result because the governments obviously want their bit as well as they always do.

It will not be the end but i could be fairly annoying jumping threw hoops for these people.

Except if we all recognize it for what it is build for?Which is money we don't need to exchange it we need to use it between us sure they can control mean regulate companies but not us and not all the world.. the idea of Bitcoin is not an investment opportunity which we just convert it to pounds, dollars,euros or else but is to use it as the form of payment and money this is the future and its future is only in our hands my friend.  

Kind Regards,
BTC-Bank.

Most of us do recognize but as we speak the only real way to get bitcoin to start is threw an exchange unfortunately, but we will soon have decentralized exchanges then they can only regulate what is already centralized which will end up becoming obsolete.

Bithalo is the first steps towards true bitcoin freedom away from the control and regulations and scams. It is p2p and uses smartcontracts when the time is right we do have places to go like this away from the regulations but at the moment people are comfortable with what we have.  

There are great minds working to keep this what it should be thankfully

Yes i agree with you on that.As you said people found it only via exchanges and people like it as it is but in my personal opinion this is the bad path of the road because today everyone see it only as an opportunity people, exchanges, goverments i cant except my self me too i am in this path i do buy, investing, mining, lending and keeping or exchanging it and that is the mainly problem that we keep it and as we keep it and use those methods of investments is clear that govermants want to bit a part of the erninngs and this is the only reason wich dont see it for now as a problem for them..because when we really society it and be in our lifes then we will have the absolute control of it wich is uncontroled.Yes there are great mind working for it  but personally i am thankfull for them who are doing this without any profit.Mainly we agree so i hope that you wont misunderstood me.Be well my friend and hope for a better Bitocoin world. 

Kind Regards,
BTC-Bank.

[Bobblehead Pete]

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?

Regulation is far ahead of us. If it will come, let us just give it a chance and observe what it does before we even argue about it.

[bitcoinluv79]

I don't believe they will be able to fully regulate bitcoin. They may pass laws to make it's undocumented use illegal in certain countries etc. but since no single power controls the whole world it will be difficult to stop bitcoin use.

[calme]

Regulations are real, check this:

U.K. TREASURY TO REGULATE DIGITAL CURRENCY & BITCOIN,

HM Treasury, the U.K. government’s economic and finance ministry, intends to apply anti-money laundering regulation to digital currency exchanges in the U.K. as part of a plan to promote the legitimate use of digital currency. The goal, according to a newly-released 28-page document, is to support innovation and prevent criminal use. - cryptocoinsnews.com https://www.cryptocoinsnews.com/u-k-treasury-regulate-digital-currency-bitcoin/

is the goal really to support innovation? so much so that they list it before listing "prevent[ing] criminal use"? sounds a lot sleazier than if they just said what it is. when a mugger says to give him your wallet, at least he is being upfront about it.

[Mr.K]

Unregulated by any organization or government is one of the main features of Bitcoin. If under regulated,who will set the rules,or which organization would be trusted?

[howzar]

Can you give out negative effects if Bitcoin is regulated?

First of all, it will become like other things. And that's not good.
Secondly, it will lose all that is fascinating about it.

 

Spot on.
Bitcoin was made purely to be the first decentralized currency on the web. If it becomes regulated, we can all just kiss it goodbye. I'll be moving over to LTC, Doge, or heck even DarkCoin. Something where the legend will continue. I won't be participating in bitcoin if it becomes regulated. Not a chance.

[calme]

if you don't want to get regulated you can't be any geek off the street. you gotta be handy w/ the steel if you know what i mean, earn your keep

[Furio]

if you don't want to get regulated you can't be any geek off the street. you gotta be handy w/ the steel if you know what i mean, earn your keep

Regulate by Warren/G, nice one, gonna listin it tonight, longtime ago that I heard that song.