Is Regulation The End For Bitcoin?

[NyeFe]

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.

 

Don't forget anonymity. I'm sure there's alot of people who would love to get rid of this feature.

[Minerjoe]

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.

 

Don't forget anonymity. I'm sure there's alot of people who would love to get rid of this feature.

+1

Anonymity s the worst thing which has ever happened to BTC. It only attracts scammers and ponzi operators.

[pumawolf]

the public loves it when authority figures give them the "ok".  btc is probably gonna sky rocket.

[Onestopbrokers Directory]

ESMA is seeking information on new developments in virtual currency investment

http://www.onestopbrokers.com/2015/04/22/esma-seeking-information-new-developments-virtual-currency-investment/

[ChuckBuck]

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.

REGULATORS!  MOUNT UP!!



Nothing like 90s Hip Hop.  Real creativity and music, no BS like today's.

That said Bitcoin itself is in "1990's" so to speak, if were to correlate Bitcoin to the Internet, growth wise.

[Hazir]

We all keep saying that they will/can/be regulating bitcoin. But I did not really see any comment how mining can be regulated. And it is the easiest way to influence bitcoin.
Governments can start to to endorse ASIC manufacturers a with special kind of permits and that will rise equipment cost for mining bitcoin.  

[ensurance982]

We all keep saying that they will/can/be regulating bitcoin. But I did not really see any comment how mining can be regulated. And it is the easiest way to influence bitcoin.
Governments can start to to endorse ASIC manufacturers a with special kind of permits and that will rise equipment cost for mining bitcoin.  

You could just go and ban the use of Bitcoin or make it punishable by law. Boom - the majority of citizens will never touch Bitcoin again. It's far easier for a country to ban something than you may think, you don't need to circumvent SHA256 or something, you just need an executive force

[BitmoreCoin]

The services for bitcoin should be regulated, but not the coin itself.

[bornil267645]

One of the basic needs of Bitcoin creation was to beat the regulation.
So, it's better for the bitcoin to be dead rather than regulated.

[RodeoX]

+1
...
Anonymity s the worst thing which has ever happened to BTC. It only attracts scammers and ponzi operators.

It does make it easier for scammers but it is also a central feature that needs to be maintained. It's a new paradigm. No banks, no oversight. That puts security on you and me brother. Sure it's more work, but freedom often is.

[BTC_Superman]

I don't think Bitcoin will be regulated. If it is regulated, it will lose his own beauty.

[Lauda]

I don't think Bitcoin will be regulated. If it is regulated, it will lose his own beauty.

This is just nonsense. It is already regulated and it will become even more regulated.
Bitcoin can't be traded on legit exchanges without regulation. Sure, you can always use localbitcoins to trade but that can't be compared to exchanges.
In order for Bitcoin to be legal and/or mainstream it has to be regulated.

[Kyraishi]

Well,
Is regulation really needed?

I think that should be the question.
This kind of reminds me of this video: https://www.youtube.com/watch?v=xMoPBDz5ycA

Very educational, and I think it kind of goes hand to hand with this situation.

[Kyraishi]

I don't think Bitcoin will be regulated. If it is regulated, it will lose his own beauty.

This is just nonsense. It is already regulated and it will become even more regulated.
Bitcoin can't be traded on legit exchanges without regulation. Sure, you can always use localbitcoins to trade but that can't be compared to exchanges.
In order for Bitcoin to be legal and/or mainstream it has to be regulated.

Give it some time.
Decentralized exchanges will emerge, and they wont be able to regulate those.
Patience is a virtue 

[Amph]

I don't think Bitcoin will be regulated. If it is regulated, it will lose his own beauty.

This is just nonsense. It is already regulated and it will become even more regulated.
Bitcoin can't be traded on legit exchanges without regulation. Sure, you can always use localbitcoins to trade but that can't be compared to exchanges.
In order for Bitcoin to be legal and/or mainstream it has to be regulated.

Give it some time.
Decentralized exchanges will emerge, and they wont be able to regulate those.
Patience is a virtue 

apparently there is one already, i don't know if this is legit or what, but they say that it is decentralized...

https://bitshares.org/

[bitparadise]

Regulation is needed or else the whole ecosystem will be a wild west and regular people won't join the network, so there has to be trust.

I don’t believe Bitcoin can be regulated by any goverment… anyway Bitcoin runs well without any governmental regulation.

[Kyraishi]

I don't think Bitcoin will be regulated. If it is regulated, it will lose his own beauty.

This is just nonsense. It is already regulated and it will become even more regulated.
Bitcoin can't be traded on legit exchanges without regulation. Sure, you can always use localbitcoins to trade but that can't be compared to exchanges.
In order for Bitcoin to be legal and/or mainstream it has to be regulated.

Give it some time.
Decentralized exchanges will emerge, and they wont be able to regulate those.
Patience is a virtue 

apparently there is one already, i don't know if this is legit or what, but they say that it is decentralized...

https://bitshares.org/

Hmm, it seems to have quite some information on the site, and apparently poloniex is one of their partners: https://bitshares.org/partners
The project is also on github (https://github.com/BitShares/bitshares) so I am guessing anyone can fork it and create their own?

[Furio]

Regulation is needed or else the whole ecosystem will be a wild west and regular people won't join the network, so there has to be trust.

I don’t believe Bitcoin can be regulated by any goverment… anyway Bitcoin runs well without any governmental regulation.

It can be, because exchanges and some businesses need to operate in fiat as well and fiat is regulated. It's enough for the regulators to focus on the movement of fiat within the Bitcoin ecosystem and you already have some regulations in place (it happened in China last year).
I also think regulation isn't needed but inevitable. They may not succeed but they will certainly keep on trying.

In order to achieve mainstream adoption, regulation and identification of wallet addresses is inevitable. But the paradox is that government regulation started the need of something like bitcoin, free of manipulation, controlled by no-one, yet overyone

Else it will remain within the circles in which it is now, maybe grow a little more, but never full adoption. The reason is that "the killer app" in order to achieve mainstream adoption means people want to use it like a bank, names and numbers.

My sad doom scenario is that because of the difficulties crypto faces and the enormous advantages of early adopters with regards to new users, the banks will have a own blockchain variant, before bitcoin or any other crypto could achieve full adoption.

I hope I'm wrong

[galbros]

I am very sympathetic to Furio's arguments.  I would say that regulation is the end of the beginning for bitcoin.  The early adopters have served the effort very well and gotten it in a position to go mainstream, if it does though, it will be regulated.  Double edged sword.

[Xprim777]

To begin I think bitcoin needs an international statut, and not a different statut depending of the countries.
In my opinion, regulation does not mean the end for Bitcoin. I mean I think some huge compagnies and investors are waiting for more clarity in the existing regulation (depending on countries) , just to be sure that what they want to do is legal. But with his popularity growing day after day, I don't doubt that the gouvernements will try to put a strict regulation especially if Bitcoin is seen like a threat for the actual economic system. If it's the case I don't know how Bitcoin will face.