Topic: Can REGULATION Really Be Beneficial to Bitcoin? (Read 17884 times)

I agree with that. It is true that most of the stock investors are afraid of bitcoin because they think that they will just lose their money if they will start investing to it because of the volatility and other matters but if the regulation will start to be implemented in bitcoin then they will surely change their mind and they will try to ride the wave of bitcoin by investing their money into it.

Regulation is what will bring in the traditional stock market investors.  They are still scared to enter this market but once more regulation is brought in they will start putting their money in.

Cryptocurrencies don’t need regulations by the government because it will kill the main concept of decentralization. They appeared and were developed without any help or assistance from governments. In other word, all achievements of Bitcoin and other Cryptos are possible on itself not thanks to regulations and authorities.
I hope to not see much regulation through governments. By regulation I'm referring to turning Cryptocurrency into a new stock market where government forces certain rules to be followed, and tracks and taxes profits and so on. The hard reality of this world is that you have obligation towards power.

It depend on the kind of regulation a government would want to impose in their country. If the government chooses to have a restrictive regulation, its people can't able buy or trade bitcoin without the approval of its central bank. But if a regulation is designed to protect the people from any scams, money laundering, drug trafficking and other illegal activities, it will be beneficial to bitcoin and other cryptocurrencies that under it. A group of wealthy nations has already planning to create a worldwide regulation for bitcoin and I believe that a lot of people will be benefitted from this once it is fully implemented.

I do not think that regulation will make the price of Bitcoin cheaper, even if it goes down not because of more regulation to the market that is waiting for a reaction to what will happen after the regulation is set. I see a decline in Bitcoin prices due to large investors taking advantage of the newly issued regulations to make the market panic until finally prices down.

dont worry about bitcoin regulation,

bitcoin cant be regulated, neither to damage it and nor to spread/upvalue it.

everyone claming something else is just a liar, or agenda driven gimmick be it a pro bitcoin agenda troll or anti bitcoin agenda troll.

bitcoin is neutral except when it comes to mining. there the POW nature/regulation of bitcoin is visible.

well done, good! That's right, regulation is the determinant of Bitcoin games here. Without the regulation of Bitcoin it will only be like this, it will not develop, many people will ignore and do not want to know about bitcoin if the regulation does not accompany it. This is the same thing as a business entity which without permission and regulations from the government will be categorized as illegal. And no one wants to deal with illegal business.

Regulation can be good for Bitcoin and the whole cryptocurrency industry as regulation can mean that Bitcoin will be integrated into the financial ecosystem and not anymore considered to be illegal. In this case, regulation can be opening up a bigger market for Bitcoin. This is fact what we should be wishing and working for. I am sure that those in the government are open to the many ideas and suggestions by those in this industry so they can come up with acceptable terms and conditions.

I think regulation would be extremely beneficial for bitcoin as it will be much more accepted in public and for uses around the globe. Regulation would make bitcoin a recognized currency for the mass to use.

Regulation can be beneficial to bitcoin because it will help bitcoin to get more people into its cryptocurrency space because people will trust bitcoin more because they know that it is regulated and they will no longer believe to the people who are keep on saying that bitcoin is a scam and it is not a good investment.

there are many pros and cons of this action. Regulation can surely rectify many huge problems such as security issues, theft control and exchanging coins for illegal goods in the tor network. but on the other hand, our privacy will be compromised and bitcoin will be in control of government, and something which was made against government can be said that if government tries to take over it still they won't have the complete control over the network as because the blockchain is controlled by the miners and the price is controlled by whales and other traders.

I think its needed. Especially now that its growing and there are reports of crimes and spams. Basically its somehow directly affect the usual flow that it had. But as this business grows, regulations need to be implemented to regulate its flow.

I think if Bitcoin on the regulation and set out in a statutory Government then society will increasingly believe and will make them dare to become investors Bitcoin, because if one day happen to their investment fund fraud then they (community) would be able to sue the Government.

Regulation will increase bitcoin security from criminals because there is legal protection for bitcoin owners based on regulations issued by a country. Actors of bitcoin crime can be charged by law.
The plus side is that more and more are using bitcoin because they are no longer afraid of being considered illegal. Bitcoin transactions will be available evenly throughout the world so people treat bitcoin as a currency in general.

The only way I see regulation being of any benefit is if #1 BTC transactions could somehow become reversible. Someone gets hacked and they can prove it, the funds can be tracked down and returned. Personally I don't think it is needed, after getting hacked once I learned my lesson, and although it isn't impossible it could happen again, I've spread my funds through several wallets with strong security.

#2 Would be if BTC becomes a reserve currency. The USD or Euro or both crash, there's a big conference, and world powers decide they are going with bitcoin. I think this is quite far fetched. While I believe the Ripple people are practically cult like dreamers, they do have a better case were something like this to happen.

Otherwise, regulations just make USD/Euros more attractive for travelling and Visa cards are much easier for everyday transactions. You don't have to pay a premium to buy BTC and you actually get cashback. And if someone steals your identity there's a good chance you'll get your funds back.

People here are SORELY underestimating how the relative privacy and lack of regulations has made bitcoin into a giant.

The reason I wouldn't go all in on bitcoin now is because I see two risk #1 overregulation causing the masses to either lose or never adopt interest in it. #2 Would be another coin with superiority technology, marketing and is more plugged in with the system taking over. As I've said in a previous post I think if btc dies anytime in the next ten years, crypto dies with it, so I think number 1 is our biggest risk.

If anyone on here has any power in governments, please discourage governments from getting involved, except perhaps to shut down bogus cloud miners and other obvious scams like bitconnect.

Honestly if goverment have a thought to regulate cryptocurrency then cryptocurrency will gone from its character, especially in anynomous character. Indeed, regulations from some countries will give a lot of effect in order to all people knows bitcoin and they will use it without any cares. But for the thing of scam/fraud, government has nothing to do with it, still has a lot of way for the scammer to try another ways to slip up subtly and swindey everyone with seductions that hasn't yet comes.

It's sad that this community seems to favor regulation. If I'm Joe baby boomer, I don't want to do KYC, I'll just use my visa card, thank you very much. A lot of millennials will feel the same way, but a percentage will be okay with it.

Why did I learn about bitcoin? To get around how the US and other governments have pressured Visa and Mastercard not to process gaming site transactions. If bitcoin were regulated in a similar way, it would be useless to me except as a greater fool theory investment. I'm not saying btc is only useful for gambling (in fact I recommend you just hold onto them rather than risk them) but many uses are to get around current regulations. If my btc is taxed, I need an Id record everytime I spend it, I would just use US dollars when I travel, why go through the hassle?

Bitcoin could be worth in the low trillions (market cap) without any regulations. We don't need or want the government involved. The Gold bugs weren't a bunch of idiots in the mid 2000s, their theory was sound. What they failed to realize is that the government regulates the gold market and they were simply not going to allow Gold to go to the moon to compete with the dollar and euro. I felt we were headed for a crash once Wall Street got involved and my gut instinct was correct. So if you want more red tape, post lots of messages whining about market suppression of BTC by fake derivative instrument sales and other actions, then sure, cheer on the regulations.

Yes, absolutely. In my country I know about a lot of people who wouldn't touch bitcoin because it is unregulated and is illegal to transact in fiat to buy/sell crypto. This is a barrier to a lot of people who don't want harrassment or do rounds of court just for putting in some money into bitcoin. If it was regulated, I am sure that barrier to entry will no longer be there and we would have lesser number of scams, like fiat does.

- Of course, the regulation will improve a lot of problems in the bitcoin world and crypto because the government is the one who wants to manage things well and provide safety for people, and want to encourage people to participate in something, ensuring a good environment is something that they cannot lack. However, because these criteria, they will probably maintain the price of bitcoin at a stable level because they always know that bitcoin fluctuations, it can greatly affect and create chaos, and that will not be safe for users, they need to limit and prevent it

..yeah that's right..if government will be involve in the crypto world,,then no one is excempted in paying tax..all people earning in crypto should mandatory pay their taxes,,but the questions is,how much will be the calculation of crypto tax that will be implemented??