Topic: Benefits of Bitcoin (Deregulated economy) (Read 407 times)

I am always looking forward when will bitcoin regulated by some group of people so that it may be officially accepted by countries around the world. However, based on current situation where it is deregulated I think one of the biggest benefits we get from it is that being with Bitcoin doesn’t mean always having extra charges for service fee, also I think it is not taxable at its current state.

We all know Bitcoin is a lot of money that people are interested in and participate in, in which Bitcoin is always very active on the floor, and this is the main reason for Bitcoin to get the attention from the government.

Government try to regulate bitcoin because they want to control bitcoin in legal way so people who use bitcoin is bad way will experience jail penalty.

Deregulated bitcoin means that bitcoin do not server any restriction so people can use bitcoin without any worry.
Of course the disadvantage is everyone can use bitcoin freely

The benefits of a deregulated cryptocurrency is avoiding any third party in your transactions, which means only the buyer and the seller transact each other and no tax to be added. The only difference is that if you use deregulated wallet is you cannot transact on online shops and cannot convert your bitcoin to fiat currency. So in order to do transactions aside from crypto to crypto you need a regulated wallet which government and central banks approved.

The main benefit of having a coin that is out of regulation is that unlike the dollar and other fiat currencies,bitcoin is not being controlled by anyone, which means that the coin will always stay stable, and you can always know the inflation rate is  not going to suddenly change.

Also , there is not a bank/country that can block your account or ban you from using your account, so the funds are yours as long as you protect the private key.

No one can touch your account, or ask any questions, because there is simply no organization that controls the network.

There's a lot of benefits to Bitcoin being deregulated and most of the same benefits of Bitcoin being deregulated also carry over to the rest of the economy as a whole. Most of them surround the ability for people to trade freely and with a small amount of taxes on their transaction. The ability for a ton of different services to run and be opened by anyone allows for people to make constant competition and find ways to give better experiences for users and consumers in general, among other benefits. I'd be happy to talk about it more if you want.

We know bitcoin since in the beginning that deregulated because it was decentralized,no authority can ruled it out and no tax that we need to pay in every income that we got in bitcoin.It cannot control by government and I like it for beinh decentralized because no third party can allow in our transaction.These our lots of  benefits that can bitcoin gave to us.

From the very beginning, bitcoin started being deregulated or without the direct control and power of government, bitcoin is free from any taxes and all benifits are directly controlled by the founder and users. In my own idea, about the economic system of bitcoin, it is only directly controlled by the founder.

When we say about bitcoin deregulated, actually, many people concern about bitcoin as being deregulated system, because when we say about deregulated, it is a system on which the government cannot control or no power to control, but in opposite side also, it can benifits to all bitcoiners and the bitcoin owner for the system does not control by government and it is a tax free, so talking about benifits both bitcoiners and the founder, we are all benifited of deregulated system.

One answer lies in the contrast between the united states economy and china's economy.

America's economy is extremely regulated. China's is extremely deregulated.

This leads to american businesses paying far more on taxes, safety, environmental concerns, unions and a host of other expenses than equivalent chinese enterprise. There are considerably greater regulatory impediments in the form of red tape and regulations which american businesses must contend with which chinese businesses do not. This hinders business in the USA, while giving chinese a big advantage.

It illustrates one fundamental reason for the USA's economy being stagnant and contracting while china's economy has grown at a high pace.

+1 example of deregulation being an advantage.

The things that benefit bitcoin from being deregulated is that there will be no tax for every transaction that you will make mostly for cashing out because it is not maintained and subjected to the authority under the laws of the government, most of the things that are being regulated by the government needs to taxed which will be under the jurisdiction of the law, another thing is you are not required to submit your identity in order to use some exchanges or an online wallets, they cannot put any regulation by the coin itself.

Cryptocurerncies are digital and cannot be counterfeited or reversed arbitrarily by the sender, as with credit card charge-backs.

Benifits of bitcoin according to different statistical observation we have found strong benifits in global online  marketing . Lower fraud risk for buyers, no risk on inflative or individual can preserve coins, reduced transaction fee, easy to use in any situation, no involvement of any third party, quick payments,and walletbuliding technology.

If we look at the positive features of bitcoin, then we’ll get to know that there are so many benefits of investing in bitcoin and keeping them in your wallets. The best thing which I like about bitcoin is that it is independent in nature and there is no one who is controlling bitcoin either directly or indirectly. Other than this, it can help you earn as much amount of money as you want to earn.

It is already deregulated and you can see what are the benefits it is having at the movement. Its growing faster than any regulated currency or asset in the world and that after coming in the era of expensive market. It is so true about the bitcoin than being decentralised suits it more and it can grow more only if it is kept free bird.


The benefit, no one can touch it really and try to cap the limits of its growth in terms of market, price and reach in the world. So if you ask me then its very much protective from the financial institutes which are trying to drop it form he market. But thats not gonna happen, well another benefit!

It is not a benefit to a country if the bitcoin is deregulated like what happens to the past like the silk road where they can buy illegal things like guns and different variety of drugs, they use the bitcoin for their own illegal activities such as money laundering, scamming and stealing which is bad for the bitcoin community part, that's why it needs to be regulated in order for the government and authorities to eliminate such activities and make the bitcoin transactions safe.

To answer OP's question, we might first answer a question of how regulation is implemented. Is regulation a system which functions on equality and objectivity, or is it a system which exists to maintain a precedent of privilege and favortism to some groups while keeping others on a lower scale of value?

There is also a question of how efficiently regulation functions. Is regulation imposed on citizens in the form of taxes, tariffs, fees and regulation in the form of regulatory bodies which oversee environmental protection, welfare, space exploration, certification of drivers license, mail delivery and so on function in a way that is cost effective? Efficient regulation might be described as a system which produces manageable levels of deficit and debt, while inefficient regulation could describe a system of high deficit and debt. The implications and consequences of either polar opposite can be extreme. An example of this is the USSR post economic collapse where every russian lost their state pension and death tolls climbed spectacularly as a result.

Suffice it to say there are many who claim the system (regulation) is broken. That it only exists to make the rich richer while ensuring the poor get poorer under a system of wealth redistribution. Bitcoin being unregulated may not be prone to these faults. A person could make a case for crypto being more fair and unbiased towards the poor than other financial platforms. Such might represent its main benefit.

The main benefit is that governments or banks can not manipulate its value like they do with the fiat money where they continuously print more and more and where you have a yearly inflation by default!

But I think you mix here deregulated bitcoin with deregulated economy.  Bitcoin can not deregulate the economy of a country and this is still regulated by the laws of a country, state budget and enforcement power of authorities.

It is not deregulated. It is decentralized. Bitcoin could still be subject to various regulations (and it is) in different countries.
What decentralization affords us is that there is no centralized point of failure. So governments cannot inflate away your money; they cannot seize your money.

One of the reasons bitcoin is growing popular is because we are able to spend our money anonymously without anyone having a trace on our transactions despite this information being publicly being available on the blockchain probably one of the reasons some governments don't like bitcoin.