Do we need regulations? - page 24. | Bitcointalksearch.org

fasdorcas

hero member

Activity: 798

Merit: 527

Quote from: Edrian on February 12, 2018, 11:18:40 AM

Quote from: Grandifer on February 07, 2018, 05:14:28 AM

How do you guys think? Do we need regulations in the crypto world? Should only ICO be regulated or legit coins (not "security tokens") too? Can we implement regulations mechanisms in code so that corrupted governmental institutions couldn't manipulate the industry? Can we still have free market with governments' regulations across the world?

Please, share your thoughts. I'm a bit confused about what's happening right now.

No, we don't need it but I'm afraid it was necessary. Some of the users use it for illegal purposes some are using it to evade taxes, we all know it was people currency and people friendly, but not all are positive, bitcoin can create a negative effect in the economic system of one country if lots of people engage on bitcoin it will affect the banking system because banks need investment but instead people are investing at BTC if bank lost its profit the economy is also affected.

It seems human actually need being controlled. This would not have been necessary but if we look at the side effects of not being regulated, this may actually end up destroying the crypto space before we even start. I am not a fan of regulation but recently, I just cannot come to terms that it is not necessary. Also, being regulated does not affect decentralization, as it all balls down to exchanges, and exchange between fiat and cryptocurrencies.

Ian Dave

member

Activity: 183

Merit: 10

I think we need a regulation because they are many hackers and scammers here. So we need to kick them out, they can't get a victim that has no knowledge on this forum.

StGermain

member

Activity: 224

Merit: 14

QuickX ICO

Quote from: rb26 on February 18, 2018, 05:10:16 AM

Quote from: Grandifer on February 07, 2018, 05:14:28 AM

How do you guys think? Do we need regulations in the crypto world? Should only ICO be regulated or legit coins (not "security tokens") too? Can we implement regulations mechanisms in code so that corrupted governmental institutions couldn't manipulate the industry? Can we still have free market with governments' regulations across the world?

Please, share your thoughts. I'm a bit confused about what's happening right now.

At some point, yes we need regulations for cryptocurrency. We've seen enough of those people abusing the use of it and it's imperative that regulations be formed. I don't know how and who shall implement this but the process will surely be quite a mess imo.

Free market? Say hello to the government and bid your market freedom goodbye. With all the money that cryptocurrency brought about, do you think government will not try to turn the wheels? There might be some differences on how a government in different countries will implement their crypto regulations but they have one common denominator: TAXES.

We have to pay taxes one way or the other or just risk sanctions or jail. At least we would be paying to have a certain level of legal protection against scams.

rb26

full member

Activity: 247

Merit: 101

OPEN GAMING PLATFORM

Quote from: Grandifer on February 07, 2018, 05:14:28 AM

How do you guys think? Do we need regulations in the crypto world? Should only ICO be regulated or legit coins (not "security tokens") too? Can we implement regulations mechanisms in code so that corrupted governmental institutions couldn't manipulate the industry? Can we still have free market with governments' regulations across the world?

Please, share your thoughts. I'm a bit confused about what's happening right now.

At some point, yes we need regulations for cryptocurrency. We've seen enough of those people abusing the use of it and it's imperative that regulations be formed. I don't know how and who shall implement this but the process will surely be quite a mess imo.

Free market? Say hello to the government and bid your market freedom goodbye. With all the money that cryptocurrency brought about, do you think government will not try to turn the wheels? There might be some differences on how a government in different countries will implement their crypto regulations but they have one common denominator: TAXES.

magnum357

member

Activity: 100

Merit: 10

For me i think we always need regulations so that things that have result we go in good process that work go smothly beyond that regulations.

Itjoker

full member

Activity: 532

Merit: 103

Cryptocurrencies have firmly entered our life and now nothing can change with simple prohibitions. The state will have to regulate this new industry and try to generate revenue from it. Therefore, it is precisely the correct regulation of the cryptomarket that will become the basis for the growth of the price of not only Bitcoin, but also other alternative coins.

2Godbdglory

newbie

Activity: 112

Merit: 0

i think we need a regulatory body that will regulate the market. the regulatory body will control the ICO in other to have smooth running of the whole market at large. there will be a regulatory body that will manage the whole market

sofikurban

member

Activity: 448

Merit: 10

you know some people dont trust in real world so crypto currency world same. I think we will better safe if make regulations of ico.

bgator76

newbie

Activity: 26

Merit: 0

Eventually, we're gonna need regulations if we want this to go big and be something that people put their 401k/IRA money into.

adzino

copper member

Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

Quote from: Koalamite on February 17, 2018, 08:06:28 AM

For me its yes to regulation of bitcoin because its can be legalized to goverment but in the other side we need to pay taxes

Why do you think we need regulations to make bitcoin legal? Regulating bitcoin means making it more centralized and the government having power over it. This is not what crypto currencies were made for. The more the regulations, the more you will be losing the freedom of your own money. Government control, bank, taxes, regulation etc. - none of them goes with bitcoin.

stantpro

full member

Activity: 280

Merit: 101

There is need for digital or decentralized regulation to avoid unruly
practices in the community.I guess the distributed ledger platform
can help regulate the system crypto currency clime as to maintain
required standards, eliminate scammers and those with fraudulent
intentions, nay-Sayers, et al without which such experiences as mentioned
is absolutely unavoidable.

lingwistiko

member

Activity: 322

Merit: 10

╔►[FILIPINO Translator]◄╝

Regulation means there is an intervention by government of whatever transaction you made in the blockchain. Whether you like it or not, you have to pay tax then. But it is good to help prevent people from scamming, IMO. ICOs should also pass certain requirements before they can start their ICO and in that way, investors are protected. But for those small time investors, i think regulation is not on their side.

burakdat

jr. member

Activity: 252

Merit: 2

"I invest and Doing Bounty Campaign"

Of course. all of our doings should be considered and should be accepted to our norms and standards in society here in bitcoim forum. So we have to follow the rulings here in this forum as to please the members here and respect their thoughts and opinions. If not then this forum could be so cruel that other members migh be attack with some.hurtful words to be used. So as to keep our pace in peace and harmony we have to obey these set of rules and regulations. That is also to attract more investors in this forum and that is bitcoin all about by encouraging all the members to inveat in bitcoin.

burnchan

newbie

Activity: 240

Merit: 0

Quote from: Grandifer on February 07, 2018, 05:14:28 AM

How do you guys think? Do we need regulations in the crypto world? Should only ICO be regulated or legit coins (not "security tokens") too? Can we implement regulations mechanisms in code so that corrupted governmental institutions couldn't manipulate the industry? Can we still have free market with governments' regulations across the world?

Please, share your thoughts. I'm a bit confused about what's happening right now.

Yes, it is highly recommended to have a regulation in the crypto world. It is recommended to protect the interest of the members/investors. This would help also to lower fraud incidents and protect the crypto's credibility and the market. A general rule should be impose to have equality to all involved in the crypto world. Likewise, a regulation ideally minimize corruption in an institution. Since crypto world deals with investment, then it is a must to minimize conflict of interest. Similar with the a company's regulations that all the employees should follow what is indicated in the rules of the company regardless of the position.

Sandijoee

member

Activity: 294

Merit: 10

yes that is of course, because otherwise there are rules many swindlers are hanging out there. We need a lot of rules that we can get, in order to avoid strange things and prevent the increasing number of victims and swindlers here in the crypto era.

bobbykulot

member

Activity: 126

Merit: 11

Quote from: Grandifer on February 07, 2018, 05:14:28 AM

How do you guys think? Do we need regulations in the crypto world? Should only ICO be regulated or legit coins (not "security tokens") too? Can we implement regulations mechanisms in code so that corrupted governmental institutions couldn't manipulate the industry? Can we still have free market with governments' regulations across the world?

Please, share your thoughts. I'm a bit confused about what's happening right now.

Why is it difficult to follow the policy?there are some but they do not follow.One if the things we have difficulty in obeying is the law and policy. sometimes we think pf suggestion not remedy if not suggestions or suggestions only.when in fact,it is made to unity and discipline and also to have a good life too.well if we follow it,it will prevent the fight and the trouble,but why is it difficult to others to comply with the policy?It is sad to think that many people do not comply with the laws,but those who are in power are the ones who abuse and do not comply with the law they set out.we just need to accept the rules that applies to all,no exemption.

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: binting on February 17, 2018, 08:12:15 AM

Quote from: Grandifer on February 07, 2018, 05:14:28 AM

How do you guys think? Do we need regulations in the crypto world? Should only ICO be regulated or legit coins (not "security tokens") too? Can we implement regulations mechanisms in code so that corrupted governmental institutions couldn't manipulate the industry? Can we still have free market with governments' regulations across the world?

Please, share your thoughts. I'm a bit confused about what's happening right now.

Actually yes because you need to follow the rules and regulation about bitcoin they have a policies of this oppurtunity to follow and we need to regulate the accross the world

We have the laws and that is the reason why we need regulation because we don't want to disobey the laws and the laws are the guidelines in order to have a very stable country and a good maintained and well organized country, without the regulation we will just have a chaotic country with a lot of bad people.

binting

member

Activity: 210

Merit: 10

Quote from: Grandifer on February 07, 2018, 05:14:28 AM

How do you guys think? Do we need regulations in the crypto world? Should only ICO be regulated or legit coins (not "security tokens") too? Can we implement regulations mechanisms in code so that corrupted governmental institutions couldn't manipulate the industry? Can we still have free market with governments' regulations across the world?

Please, share your thoughts. I'm a bit confused about what's happening right now.

Actually yes because you need to follow the rules and regulation about bitcoin they have a policies of this oppurtunity to follow and we need to regulate the accross the world

Koalamite

jr. member

Activity: 148

Merit: 1

For me its yes to regulation of bitcoin because its can be legalized to goverment but in the other side we need to pay taxes

reliable

full member

Activity: 868

Merit: 151

Quote from: G00DFe77a on February 16, 2018, 10:12:43 PM

Eventually this too will get regulated. Like everything else that involves money, regulations will come. It just harder and slower due to the nature of the Crypto blockchain technology.

It is important to have regulations in place so that things are streamlined. A very basic example in our daily life which we can relate is just imagine on roads their was no signals or no direction lane to go and to come so everywhere their would have being a chaos and nobody could reach where they want to. So this regulations helps everyone including the citizens to the country. It could be related to crypto or any other thing which and wherever it is necessary.

Topic: Do we need regulations? - page 24. (Read 2865 times)