Bitcoin must be regulated! - page 4.

max fray

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JOIN THE NEXT MEGATREND IN CRYPTO!

Quote from: Buttermellow on August 14, 2018, 08:30:39 AM

Common people like me does not even know who owns bitcoin and who are the team composing of bitcoin.

Bitcoin is not owned by anybody.
Yes, there are so-called whales that hold a large amount of btc in their wallets, but these will cost nothing in case common people like you stop mining bitcoins.
So there is actually not a team, blockchain itself was created by a single person, and its purpose was far from constant price speculations we are currently witnessing.

Jyominall

newbie

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Yeah, I agree with you. I hope, that regulation will help to overcome high volatility inherent to cryptocurrency and diminish market manipulations.

Gila uang

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Quote from: billygarrison on September 01, 2018, 07:12:15 PM

don't think negatively about bitcoin lol ...! Mr. Satoshi makes bitcoin for digital money and not for investment, and I hope you understand what I think.

I think what can be done is to adjust many things in the economic system so that the law continues to apply, for example, tax payments cannot be influenced by cryptocurrency.
This is a rather complicated problem, because blockchain technology is based on freedom and control of people.

F_Ivanov1993_

newbie

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Bitcoin needs to be regulated and it will be regulated, since this is about the economic relations of the country.

fuding12

member

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Well, I think so, Maybe Bitcoin must be regulated.

This uncertainty raises a number of major risks for Bitcoin stakeholders. Therefore, there is a clear need for Bitcoin regulations that aim to ensure the maximum possible balance between the interests of Bitcoin stakeholders.

However, this situation creates a challenge for policymakers to develop efficient solutions without hindering the growth of new emerging markets and markets.

BestBoardroom36

newbie

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I totally support this and I think in order to control the scammers and hackers and also control the misuse of bitcoin there is no substitute of it.

vnck25

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I don't think Bitcoins and other crypocurrencies can be regulated by any government in the World. However, governments, international organizations can regulate Initial Coin Offerings (ICOs) as well as when people try to exchange their cryptos to fiat or fiat to cryptos. There are regulations for ICOs as well as exchange of cryptos to fiat in terms of KYC, AML screenings, but I think there are certain lapses in doing those, which must be solved as soon as possible. Again I am in the opinion that Bitcoins and other cryptos cannot be regulated directly.

Roboabhishek

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Quote from: Buttermellow on August 14, 2018, 08:30:39 AM

This is necesarry now because bitcoin involve huge money and the possibilities is that the bitcoin that we may hold may not have any value any more for its equivalency to fiat money are already secured in the owners system pocket. Our trust is slowly degrading for what we had on the current market even the huge investors are already withdrawing their money on bitcoin. And it does not help with small scale investors so there should be a preventive measure to be undertaken but hey where are the team? Common people like me does not even know who owns bitcoin and who are the team composing of bitcoin. If the system needs advancement they should create a remedial for the current market like having another promotion to get more investors. With the attitude of the market price manipulator right now there is no guarantee that bitcoin market price could recover. There is no action being taken and i do not if the team are so selfish with their business on this system they created. Are they only milking the investors? Obviously if this is their ideals then i will not expect bitcoin will last long.

Yes it's very necessary to regulate bitcoin to control and stop it's dangerous use in many sense's. Also we have seen the regulations which Chinese government has implemented on bitcoins trade and transaction to control it's use and to make it a safer banking way . Maybe this step can help bitcoin to be more safer to use for user friendly experience of its holders .

Renampun

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Quote from: Daniel91 on August 14, 2018, 09:52:27 AM

Bitcoin can't be regulated. Period.
It's very simple.
Nobody own bitcoin or stand behind bitcoin.
There is no bank or any government behind bitcoin.
In fact, nobody control bitcoin.

I hate the fact, but the fact can't be deceived. Bitcoin can never be regulated because it is very different from the currency issued by a country, Bitcoin will forever continue to be a decentralized cryptocurrency.

optimistic172

brand new

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bitcoin need to be regulated but i think we can not regulate it. Because bitcoin is really hard to control

Rosa Paula

full member

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in the event that it will likely be controlled after that this beats the reason the reason why bitcoin was made, to begin with. that's absolutely no legislation as well as decentralized. we do not exactly how this could coincide along with the thought of crypto however in some way their own ought to be a method to counter-top rip-off within crypto.

ladyinredcoins2018

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Quote from: BrewMaster on August 14, 2018, 09:48:46 AM

every single sentence here proves that you do not know what bitcoin is. you are just too caught up in the price and have been excited about it that you forgot to check out what is this thing called "bitcoin" that you got involved in!

i suggest that you start by educating yourself a little more. read the bitcoin paper. start watching some of the Andreas Antonopoulos' videos , you can read his book mastering bitcoin. and you will no longer think this way. here is a link: https://antonopoulos.com/

If it becomes regulated it is more accepted to the conservative world because they can somehow take a control over it. And in a way bitcoin could lose its essence in this case.

BitcoinPanther

hero member

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Quote from: Ayasena on September 07, 2018, 02:46:37 PM

It's just that implementing excessive rules will increase bulk reliability. In addition, too many regulations will destroy the sole purpose of decentralization.

A really sad part to lose should regulation be in place. When people took in the anatomy of bitcoin as a whole, being unregulated was among the favorite picks of early adopters.

Bitcoin was never really designed to be regulated since regulation pertains to central control. A central control that could take away a person's innate ability to transact freely. And as much as many see that government backing is quite important nowadays, bitcoin's primal design would simply go to waste at an instant should regulation takes place.

We are supposed to live in a permission-less crypto world, regulation will change all of that.

monster2

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Traders and investors will find it difficult when bitcoins are regulated because they are potentially big enough to beat our funds because they can really get the price of bitcoin.

Abigail Asi

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Bitcoin can be regulated and that is fine but regulating it so strictly will affect the market negatively. I believe bitcoin can make it even without regulation. It will survive in the future.

Tapyaks72

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Quote from: Blackwhite69 on September 11, 2018, 07:53:37 AM

Quote from: TheLoser on September 07, 2018, 02:57:04 PM

The very technology of decentralization bitcoin is created for the impossibility of its regulation. Bitcoin attracted attention by an unprecedented growth last year. Now interest in him fell.

It only happens for people who are new to Bitcoin and do not have a good strategy to make prices rise again or will wait for prices to rise again. This is the very thing for investors to buy Bitcoin at a low price.

The only thing that some that feel worried is the price which I think normal to all like block market in nature. Because prices will vary from time to time depending on the factors like the world economy, supply and demand, but the important things the system integrity. Still strong don't bother with the price just be patient and still trust the system.

Menawi12

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I think regulation needed on new ICOs not on bitcoin. Bitcoin is cryptocurrency and decentralized, no government can touch bitcoin data. The best government can do is make trading regulation.

carrieM

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Quote from: crypteris on September 11, 2018, 07:43:55 AM

Bitcoin can’t be regulated! It’s nonsense. The idea of blockchain and crypto includes decentralization and anonymity. Means, there can be no Bitcoin owner who defines how currency should develop. Governments try to control crypto but they can't do it fully because of the nature of crypto itself.

And that's the exact beauty of it.

husnanparebok

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Just Post Junk Posts

Quote from: Buttermellow on August 14, 2018, 08:30:39 AM

Our trust is slowly degrading for what we had on the current market even the huge investors are already withdrawing their money on bitcoin.

No. Untill today, I still believe that Bitcoin Price will go up in next few months. You must have confident. If every investor is like you, Not only Bitcoin will die, but also all Cryptocurrency will end. But Almost all investor have confidents

Quote from: Buttermellow on August 14, 2018, 08:30:39 AM

but hey where are the team?

I think, until now, Bitcoin Team still anynomous, specially the founder, Sathosi Nakamuto

Quote from: Buttermellow on August 14, 2018, 08:30:39 AM

then i will not expect bitcoin will last long.

No, we dont need regulation to make Bitcoin will last long term. Regulation is needed to control Exchanges from stolen their costumers, Trader!

northcoin2018

newbie

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Quote from: Buttermellow on August 14, 2018, 08:30:39 AM

This is necesarry now because bitcoin involve huge money and the possibilities is that the bitcoin that we may hold may not have any value any more for its equivalency to fiat money are already secured in the owners system pocket. Our trust is slowly degrading for what we had on the current market even the huge investors are already withdrawing their money on bitcoin. And it does not help with small scale investors so there should be a preventive measure to be undertaken but hey where are the team? Common people like me does not even know who owns bitcoin and who are the team composing of bitcoin. If the system needs advancement they should create a remedial for the current market like having another promotion to get more investors. With the attitude of the market price manipulator right now there is no guarantee that bitcoin market price could recover. There is no action being taken and i do not if the team are so selfish with their business on this system they created. Are they only milking the investors? Obviously if this is their ideals then i will not expect bitcoin will last long.

Yes its been long over due. People who work against it most especially its competitor must start to realize that it is the next big Thing.

Topic: Bitcoin must be regulated! - page 4. (Read 2409 times)