Topic: Bitcoin community does not make sense (Read 400 times)
Until now some government in their community is not accepting bitcoin because not everyone agree that Cryptocurrency related regulations. Because bitcoin will change our life sooner.
You have completely misunderstood it, when we cheer regulations are in place a part of us dies inside but then we look at the bigger picture, we look at Bitcoins survival. We can't be like the dinosaurs who became extinct, times have changed we need to adapt if all countries were to ban it bitcoins would be a memory and that's not all we want, so stop cribbing and understand what's for the stake it's the survival.
It's true that bitcoin can change a person's life, if the government stops it there will be a lot of hatred from the community itself, as it hurts some investors in the crypto.
I think they will choose hurts some investors than let them creates the risk for the government. 
regulations doesn't have to be a bad thing but it doesn't mean it is always good either.
regulation can actually help the growth of bitcoin if done correctly. for instance Japanese regulations helped the adoption of bitcoin in their country which was a good thing. many people and businesses that are already regulated wouldn't want to enter something that is not. and that effectively means the market stays small and that leads to high volatility and manipulation as we have been seeing so far.
regulations in a way can help the market expand and bring in more investors, we can see much more solid exchanges with a lot more users and packed order books and as a result a much lower volatility and near zero manipulation.
but at the same time regulations can be restrictive and damaging. for example unreasonable taxes, rules for licenses to operate,.... can also be discouraging for businesses to adopt bitcoin. so in a way it depends on which country and what rules.
regulation can actually help the growth of bitcoin if done correctly. for instance Japanese regulations helped the adoption of bitcoin in their country which was a good thing. many people and businesses that are already regulated wouldn't want to enter something that is not. and that effectively means the market stays small and that leads to high volatility and manipulation as we have been seeing so far.
regulations in a way can help the market expand and bring in more investors, we can see much more solid exchanges with a lot more users and packed order books and as a result a much lower volatility and near zero manipulation.
but at the same time regulations can be restrictive and damaging. for example unreasonable taxes, rules for licenses to operate,.... can also be discouraging for businesses to adopt bitcoin. so in a way it depends on which country and what rules.
it is true that every community finds them too selfish but some people think that with their community they can be frequent or learn together and this is often the case and it is unfortunate sometimes that even if the community has many communities they don't believe if they are a community and this It needs to be reviewed that many communities have worked hard to develop bitcoin.
The bitcoin community is becoming too focused on their earnings. What I’d really like to happen is people to see bitcoin as more than just as an asset or investment and start using it as a virtual currency –which is the reason bitcoin was designed in the first place, right? I feel like we’re not doing bitcoin any justice right now by panicking over price fluctuations.
Bitcoin community is still waiting when governments accept bitcoin but still many countries are confused what they do regulate or ban cryptocurrencies.
but governments can't control it because bitcoin is decentralized currency if they will try to ban than first need to ban internet so better option is they need to accept cryptocurrency still peoples are using crypto without any barriers.
but governments can't control it because bitcoin is decentralized currency if they will try to ban than first need to ban internet so better option is they need to accept cryptocurrency still peoples are using crypto without any barriers.
Everywhere I look I read about how the bitcoin community wants more clear regulation from governments ...
Offer that people a legal taxation on their cryptocurrency saves and they'll vanish forever from your sight
Yes, you are right. I think Bitcoin is doing work in this way that government allow it. Some good news has come but I think that's not enough. It is taking the time but I think in future it will get success.
Bitcoin users wants the ETF approval for the bullrun time, I think that's just one of the purpose. But even its its approved and regulated, Bitcoin won't be controlled and the government knew that whcih is why this might just be denied again. There are crypto currencies however that they could control like the XRP. One crypto being recognized by the government and banks will bring most of the cryptocurrencies in the spotlight for regular investors from other markets. It does make sense to me.
I'm not cheering for regulation, but it's better to have regulated market rather than having Bitcoin outlawed. With regulations you will have a choice, either comply and pay the taxes, forfeit some privacy and so on, or break those regulations and risk getting caught. But if Bitcoin is banned, you'll have only one choice - using it at your own risk. There's no way that Bitcoin will forever stay in the gray zone forever, sooner or later every government in the world will have laws regarding cryptocurrency.
It's true that bitcoin can change a person's life, if the government stops it there will be a lot of hatred from the community itself, as it hurts some investors in the crypto.
We just have to face the fact the we need government approval to get the optimal usage of bitcoin. I mean government banning bitcoin in the country limits our use of it within that place. You really are right about this and this is the sad reality we have
Unfortunately not everyone agree that Crypto currency related regulations are bad. If you run a legitimate business and you want to accept bitcoin payment, then you have to adhere to the rules and laws of your country and there are also some tax implications. If they want to keep their doors open to the public, then they have to adhere to these rules.
In the end, they have to report to the government at the end of the tax year, and if Bitcoin was banned in their country and they accepted it as a payment, then their business will be forced to close their doors.
In the end, they have to report to the government at the end of the tax year, and if Bitcoin was banned in their country and they accepted it as a payment, then their business will be forced to close their doors.
Smuggling theft decoity drugs terrorism are so many illegal acts which are banned by governments. But these are still happening . But governments can take strict action against the persons involved in these acts. Bitcoin as stated by you is currency in opposition to governments regulations. But dear do not forget governments have power to regulate control or even ban it. Though banning will not be 100% success it's true
We all in the crypto community hate governments and banks,but we all (or atleast most of us) want to abide by the laws.Laws are created to make nations more organized and civilized.If the government regulations regarding crypto are fair and good for the community and the industry,there's nothing wrong in supporting them.If the regulations are bad,nobody in the crypto world will abide by those rules.
Does it make sense to you now?
Does it make sense to you now?
Yes that is fair enough and most reasonable people would understand this but
I think the OP was meaning that the speculators in the crypto community dont
care either way. They equate acceptance by a country as a price hike in their
'jnvestment'.
There are those in the community who dont care about what bitcoin was invented
for or how to use it as a currency, the bottom line is ROI
I think you are wrong Satoshi Nakamoto dont intend to compete with these government and banks he want's a decentralized money that government dont like because will be harder for them to corrupt and also they will not get any taxes anymore from those banks like before.
Those governments and banks are fighting bitcoin but bitcoin is doing nothing.
There is nothing wrong to "WAIT" for the government to accept crypto world and it is not impossible to happen if all of us will contribute to spread the word to the world.
Those governments and banks are fighting bitcoin but bitcoin is doing nothing.
There is nothing wrong to "WAIT" for the government to accept crypto world and it is not impossible to happen if all of us will contribute to spread the word to the world.
You Got it there mate,Satoshi Nakamoto knows how hard to conquer governments if this will be his intention so in this case its clear that theres no competition about governments,and about the banks its a different thing since people will decide from where they wanna put money
In some places they still do not accept bitcoin even as bitcoin is forbidden
That is true, but we are improving and growing daily and slowly countries are accepting and integrating bitcoin. time is needed so everything can fall into place. we cant rush this process.
In some places they still do not accept bitcoin even as bitcoin is forbidden
I think you are wrong Satoshi Nakamoto dont intend to compete with these government and banks he want's a decentralized money that government dont like because will be harder for them to corrupt and also they will not get any taxes anymore from those banks like before.
Those governments and banks are fighting bitcoin but bitcoin is doing nothing.
There is nothing wrong to "WAIT" for the government to accept crypto world and it is not impossible to happen if all of us will contribute to spread the word to the world.
Those governments and banks are fighting bitcoin but bitcoin is doing nothing.
There is nothing wrong to "WAIT" for the government to accept crypto world and it is not impossible to happen if all of us will contribute to spread the word to the world.
Jump to: