Just as you said in your submission that bitcoin is a decentralized virtual currency .
The decentralized structure of the bitcoin to my understanding is w-at makes it bitcoin, remove the decentralized structure and bitcoin will be like any other fiat currency.
Regulatory authority over bitcoin is good , but that would mean that the structure will have to be changed to centralized before that can happen.
Topic: Can REGULATION Really Be Beneficial to Bitcoin? - page 9. (Read 17885 times)
you are just referring to bad sources and it is a normal thing to be confused after reading a huge amount of nonsense that has been circulating in the bitcoin related news sites which only care about creating some clickbaits so that they can earn more money as people read their crap regardless of what they are doing to the system itself!
the thing about bitcoin is that it is decentralized. and that is not just a buzzword that we use. it is a very important concept. and that essentially means that regulations are meaningless for something that is decentralized.
but a big part of bitcoin's usage is its usage by the companies, businesses and merchants and they can be regulated. so regulations are only affecting them. and they affect the adoption. so if they aren't regulated, the adoption will go on at a slower pace and if there is regulation and more merchants adopt bitcoin then the adoption will grow faster and with it the price will go faster.
this means that lack of regulations is not going to cause a price drop!
In order for dealers to start using Bitcoin in large quantities, they need the appropriate regulatory acts adopted by the state on the procedure for its use and interrelationships with tax services and auditing. Without this, the state will simply crush these merchants with its sanctions. Therefore, without clear rules and instructions from government agencies, traders will be afraid to introduce Bitcoin in their calculations. Without state regulation, Bitcoin can only further develop in the private sector, but it will not be widely used by business structures. Regulation by the states, which will mean the establishment of the order and conditions for the circulation of cryptocurrency in society, we need. the thing about bitcoin is that it is decentralized. and that is not just a buzzword that we use. it is a very important concept. and that essentially means that regulations are meaningless for something that is decentralized.
but a big part of bitcoin's usage is its usage by the companies, businesses and merchants and they can be regulated. so regulations are only affecting them. and they affect the adoption. so if they aren't regulated, the adoption will go on at a slower pace and if there is regulation and more merchants adopt bitcoin then the adoption will grow faster and with it the price will go faster.
this means that lack of regulations is not going to cause a price drop!
Regulation introduces limitations, and limitation is not something people in the crypto space will be comfortable with due to the fact that its goes against the nature of a decentralized platform or ecosystem. The main purpose behind the development of Bitcoin was to bring financial freedom and not limitations. Regulating Bitcoin makes it a centralized system which will be no different from how the banking sector operates. Bitcoin regulation will not bring anything beneficial,but it will just be a hindrance to the solutions Bitcoin present to the financial space.
Once bitcoin may regulated probably it would temporarily fall down the price but in long run it could benefit the investor since there is a regulation that govern in bitcoin.
I don't think so,there is no concrete rule like protecting investors with strict regulatory authorities. Investor confidence index is down since 2017 because of scam issues which mainly happen in ICOs. Regulation will not bring any advantage for crypto community.not all investors though.
if anything the 2018 dumps shattered the illusions that many newcomers had about ICOs and altcoins in general and made them open their eyes and treat them with more logic instead of more emotions. in other words the "fake confidence" went away and people became more logical or simply exited the altcoin market due to large losses.
you are correct regarding regulations though.
Regulation will give limited space for bitcoin and become not profitable when bitcoin could growing up, when have regulation bitcoin always at the same price and investor could not take profit more than 100% at the next time.
give me one concrete example
how to regulate bitcoin?
you want policement to lie publicly to everyone that its regulated?
everyone with mind knows its not egalitarian. its a powergrapsh and grasp for consumption capacities by concrete group of technicians.
in a time where there are a lot of abundand offered goods, but now a lot of people want to do that. and now they protect bitcoin with a corrupt cryptocurrency index.
The price of BTC rises even when there was no regulation yet, if regulation come I think its price will also rise now that its a sign for the masses that its okay and they can trust Bitcoin. The government is bound to regulate this market in the end if they wanted to make money out of it so they might just be accepting and approving ETF one day.
Regulation will give limited space for bitcoin and become not profitable when bitcoin could growing up, when have regulation bitcoin always at the same price and investor could not take profit more than 100% at the next time.
Regulation will make bitcoin demands much better.
There will be countries accepting bitcoin to merchant because it is regulated.
This regulation keeps the bitcoin at low, demands will come soon once done!
There will be countries accepting bitcoin to merchant because it is regulated.
This regulation keeps the bitcoin at low, demands will come soon once done!
bitcoin cannot be regulated. only the cryptocurrency indexation and advertisement can be regulated, plus the usage of fiat style token.
bitcoin is defined in its code.
its idiotic that people ask this question at all.
the government does not provide regulations internally, of course it will not be possible, the government will provide regulations outside or around the use of bitcoin. such as the presence of KYC or something like that is a form of regulation that might be applied. it might have a positive and negative effectbitcoin is defined in its code.
its idiotic that people ask this question at all.
regulation cant be applied on bitcoin, how? can you explain me that detailed?
and why should anyone have an interest upkeeping a regulation on "bitcoin" upkeeping regulation has costs.
this forum is full of noobs that have no idea how the world works
Actually it would be great if BTC'd go to zero dollars in value like in the beginning of 2009 to shake off weak hands, bankster/institutional interests, ETFs, futures, regulation pressure and everything that is generally bad for BTC. Then we'd begin from scratch with the real enthusiasts and make it even better for every common people in the world to change the world.
Depends on what and how bitcoin is going to be regulated. If it brings some strict regulations and imposes policies that favors only the government, then it won't be beneficial to the community. Instead, it will end up being a centralized currency. There will be no difference between other digital currency and bitcoin. Now we don't what that, do we?
Yeah it depends on some aspects such as what rules the government makes, when there are limitations in usage, maybe it will be detrimental to investors and users. but for required data verification, some users may still approve it, as long as bitcoin is legalized and many merchants will accept it, so that bitcoin is easy to use, its not a problem
I don't think regularization will not do any good to BTC. Regularization mainly means bringing BTC under single authority control, which will mainly destroy the original concept of cryptocurrency.
regulation is one form of recognition of a country on the product or currency that enters the country, obviously this is a huge advantage because bitcoin has been recognized in countries that implement the education. about the provisions usually in each country is different, if the country has supported then there will be convenience that we can use to use bitcoin in every sale transaction, but if the country rejects bitcoin as a currency then we can still use bitcoin as an asset.
It will be depending on how strict will be the regulations, the regulations could attract more adoption, and in some case it could make the investors feel more secure about investing in bitcoin, to be honest we don't need any interference from the government, but bitcoin popularity already so big, so in order to grow bigger we need the government permit, actually bitcoin will grow better without any regulation
It will be depending on how strict will be the regulations
whenever i hear the word regulation , the first thing that comes thru my mind is strict rules . im sure that other's also feel the same .
the regulations could attract more adoption, and in some case it could make the investors feel more secure about investing in bitcoin
yes i agree on this but many users dont also like regulation and that include's me . i guess other's will switch on unregulated crypto's if ever btc could finally be regulated .
we don't need any interference from the government, but bitcoin popularity already so big, so in order to grow bigger we need the government permit, actually bitcoin will grow better without any regulation
given that bitcoin popularity is already big ,then why would we still need a regulation? bitcoin can still grow on its own without these help of governments . it just need to take some adequate time .
It will be depending on how strict will be the regulations, the regulations could attract more adoption, and in some case it could make the investors feel more secure about investing in bitcoin, to be honest we don't need any interference from the government, but bitcoin popularity already so big, so in order to grow bigger we need the government permit, actually bitcoin will grow better without any regulation
bitcoin cannot be regulated. only the cryptocurrency indexation and advertisement can be regulated, plus the usage of fiat style token.
bitcoin is defined in its code.
its idiotic that people ask this question at all.
bitcoin is defined in its code.
its idiotic that people ask this question at all.
When this issue is discussed of course people don't say to regulate it via the code of the bitcoin.
It is discussed about the operations that occur in the ecosystem that may have an impact on the cryptocurrencies market.
The usage of fiat in acquiring crypto can be a case for example.
Regulation can have both good and bad effects. On the one hand, it can attract new users, but on the other hand it can bring strict rules that will create inconvenience for cryptocurrency users.
It attracts some and scares others away. I don't like KYC and used to run away from exchanges that demanded too much. Some want you to make a selfie holding your ID or some other ridiculous things like going to a video conference with them to prove that it's you. I have not been asked for such things when I opened a bank account and suddenly exchanges are starting to demand it.
Joseph Stiglitz, the Nobel Prize-winning former chief economist of the World Bank, Nouriel Roubini and Kenneth Rogoff were in unity in claiming that Bitcoin’s value could drop to just $100 after being "regulated into oblivion".
However experts from trading platform Blocktrade.com and LoyalCoin stressed that "REGULATION WILL NOT MAKE BITCOIN PLUMMET TO $100. It will not kill off cryptocurrency but will in fact be vital to crypto's growth. It will be essential to the adoption of cryptocurrency on a global scale. And will encourage more businesses to start taking the emerging technology seriously. The key issues affecting cryptocurrency, like security and volatility, can be rectified through regulation". [https://www.businesscloud.co.uk/news/regulation-will-not-make-bitcoin-plummet-to-100]
I've read this somewhere; The currencies that succeed, are not those that circumvent the state, but rather those that are legitimised by the state.
But it is a known fact that, Bitcoin is a decentralized digital currency. Free from government interference and manipulation.
Does this mean that Bitcoin, being the most popular and most sought after cryptocurrency, still cannot be considered a successful currency?
How can regulation help Bitcoin along with other cryptocurrencies? Will it benefit the investors as well?
Your thoughts guys...
However experts from trading platform Blocktrade.com and LoyalCoin stressed that "REGULATION WILL NOT MAKE BITCOIN PLUMMET TO $100. It will not kill off cryptocurrency but will in fact be vital to crypto's growth. It will be essential to the adoption of cryptocurrency on a global scale. And will encourage more businesses to start taking the emerging technology seriously. The key issues affecting cryptocurrency, like security and volatility, can be rectified through regulation". [https://www.businesscloud.co.uk/news/regulation-will-not-make-bitcoin-plummet-to-100]
I've read this somewhere; The currencies that succeed, are not those that circumvent the state, but rather those that are legitimised by the state.
But it is a known fact that, Bitcoin is a decentralized digital currency. Free from government interference and manipulation.
Does this mean that Bitcoin, being the most popular and most sought after cryptocurrency, still cannot be considered a successful currency?
How can regulation help Bitcoin along with other cryptocurrencies? Will it benefit the investors as well?
Your thoughts guys...
For me, I would say it would. Regulation can do a lot of things, and although it can surely tighten or add some sort of processes and mainly red tape to transacting cryptocurrencies, it can also add a protection cushion for those who use it. Part and parcel of regulating something is to protect it. And so, in turn, it's users will also be protected against scams or entities that may want to actually take advantage of others as compared to its current state wherein once something bad happens to you, you can't really run to anyone to seek help. So, I think it would be good.
I think there is a need for a clear strategy for Bitcoin’s regulation aiming to ensure the maximum possible balance between the interests of Bitcoin holders longing for the maintenance of Bitcoin’s benefits and mitigation of relevant risks, and the interests of regulators striving for ensuring the compliance of Bitcoin holders with the law and regulations.
Still, many people don't believe in bitcoin because they don't know who controls it. Regulations will make bitcoin investment less risky.
Still, many people don't believe in bitcoin because they don't know who controls it. Regulations will make bitcoin investment less risky.
Once bitcoin may regulated probably it would temporarily fall down the price but in long run it could benefit the investor since there is a regulation that govern in bitcoin.
I don't think so,there is no concrete rule like protecting investors with strict regulatory authorities. Investor confidence index is down since 2017 because of scam issues which mainly happen in ICOs. Regulation will not bring any advantage for crypto community. Jump to: