Topic: If most politicians know nothing about Bitcoin then how will they regulate it? (Read 567 times)

They needed not to know anything about bitcoin or about whatever they really have interest into, what they just need is a comprehensive paper on whatever they needed to discus about and if it's going to benefit themn then they sign it into law  but what they know won't pay themn they against it with all they've got.

Politicians may know that but they do not know the real purposse of bitcoin even they will always thought bitcoin was bad however my biggest fear from politicians when they know bitcoin and use that for their money laundery tools because bitcoin almost anonymous and if they know that then it's could makes bitcoin reputations will very bad

In some countries politicians are very uneducated people so they don't know much + they don't have to know everything in every aspect, Ministry of the economy and his team has to take care of this task, also regulations are made by national bank, it's like FED of USA. And oh no, they don't care about cor devs and etc, they have employees who work in those institutes and they take care of that tasks despite the fact that they don't have enough knowledge.

Actually it is impossible to know everything that is why politicians have many advisers and experts in deffierent fields. They consult the authorities. 

Many politician will claim to be rich enough than to come into bitcoin, can many of them even take good time and patience to work with it? Not even in this part of the world that I am. Where politicians believe in just getting to the position and gathering money with their signatures. The only thing the wise of them can still do is trade. But they may not be diligent enough to monitor it.

There's a highly likely chance that they'll recruit experts from the crypto industry, people who created coins or run exchanges, these guys will submit info and recommendations on regulation. The same thing happens in a lot of complex industries.

To be exact, politicians usually only interested in their own political interests. They prefer simple and rude things. Bitcoin is a difficult thing for them. No politician likes to use something uncertainty.  (although politicians usually equal liars). Honestly, when Bitcoin became a plaything in the hands of politicians, I think Bitcoin will not be far from death.

They might be average politicians but they have tons of advisors behind and perhaps getting some of the best minds out there. I have a friend who works with a Senator who runs for a VP position. He was simply a photographer but he has access to that politician office and he attest that he has a lot of advisors and researchers that's why when you see this politician in a hearing, damn you will be impressed because of the total knowledge of the subject matter being investigated. But it's obviously the work of those people behind him.


Bad idea. Those people will probably ignore or if they cooperate, they won't extract something that will help politicians write a "better regulations".

honestly

the us population gives a damn about "regulations" its just some private individuals that release something.

it means nothing, if sec regulated something, sec is weak. without the soviet union today even weaker then ever, they are just a bunch of private bankers that are seeking to enrich themselves privately.

if they "regulate something" or morph into communists no one will trust and care what they do.

infact i think that current cryptomarket is already regulated

take the index as an example that is privatly owned by gliss, with main influence. its simply a corrupt indexmafia nothing else it is of course regulated the regulating rules are:

1. Bitcoinmaximalism
-> no cryptocurrency can be listed with a bigger marketcapitalisation than bitcoin
2. Corruption
-> if someone wants to list a cryptocurrency with a huge number of token and a huge price (huge marketcapitalisation) it must be rich, powerful
or bribe the indexmafia
-> ripple/xrp
3. Denouncing all others that are not aligned with (1) and (2)
->everything else is a "shitcoin"


this is in fact a regulation, you are regulated.
what is the SEC supposed to do about it? the SEC is forced to respect free market principles, that comes from the constitution of the north american state (liberalism)

and its what the cryptomarket is standing for.
and i honestly dont think you will survive with that.

so if you want to be a different more nobel regulated so the world supports the market or much less likely "bitcoin"
fix this. (which is not easy)

How is this any different? A population has to accept the tax code, otherwise people risk tax audits, fines and penalties, or even prison time for tax evasion. You can't get around that by using BTC, at least according to current regulations. The same goes for engaging in fraud using virtual currencies. The CFTC has charged defendants for just that because their regulations cover Bitcoin and other cryptocurrencies.

these are "definitions" not "regulations"

regulations also bring in force. etc.

a population has to accept a regulation. thats even less possible in the united states since, everything is private there the population are just economic subjects, its not a national socialist democracy with a public.

if the SEC "regulates the cryptomarket" it means nothing because its simply a private organ of a private banking cartel.

I think it is not a problem, its not hard to learn cryptocurrency by just reading online anyone can learn and understand crypto because it is not that hard to understand what is cryptocurrency all about.

of course it will be difficult to influence the politician, because politicians will think about it if he learns bitcoin then legalizes it and how he will later manage it is definitely not easy. most politicians today are not concerned with what bitcoin is and they only focus on the rules of their country.

Most of the politicians got no knowledge about crypto, if they want to regulate then they need to study about it, they cannot invite someone and make the regulation based on what the people said, each countries got different regulations and got a different economic situation, so its really important the politicians to know the the potential and the crypto usage before they start to make any regulation

Most politicians have basically little or no knowledge about recent technological advancements. All that concerns them is how to make easy money by stealing from the country. They can never regulate bitcoin.

Politicians don't understand most things. Most of them don't even speak a single foreign language. Many have never been outside their own country. HOw can they decide what is good and what isn't? They are doing it because we are letting them. We are giving them power and they are abusing it thinking that we expect them to take a stance. Frankly, most of us do expect them to take care of everything, even if it means giving up some of our rights.

Politicians can try but they won't be able to regulate it unless they create it like the petro. Bitcoin can't be controlled unless they turn into mega whales and manipulate the market when they need the pumps and dumps

Bitcoin cryptocurrency most likely already in the knowledge of the politician. We may not know that they already invested huge amount here. Most likely they are investors already of course with the guide of their crypto consultant. But, knowing how things work around crypto is something that haven't come to their mind because their focus is profit.

they will begin to understand all this and I think that then all politicians will begin to regulate bitcoin and cryptocurrency in order to earn money on it

I also think that among the government there are very few (if any) who really understands cryptocurrency. I don't know how they can start regulating it if they don't know anything. In any case, they will try to do it, but how stupid will these laws we learn later.