Is regulation good or bad? - page 69.

BitDane

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Quote from: Adebits on September 18, 2018, 01:26:04 AM

In my view, regulation will be good for Crypto industry. As we can now see that many Govt are looking for ways to regulate the industry.

Regulation will be a good thing in the long run. It will build trust for the industry among the masses thereby resulting in mass adoption. With regulation, people will feel more comfortable and have a sense of security to invest in crypto.

I don't believe that regulation means we have to declare our portfolio. Just as nobody cares to know exactly how much you own in the bank.

Regulation will also help in curbing the possibility of using crypto to launder money and place a check and balance in ICO which will make it very difficult for scam ICOs to operate.

I say regulation will in the end be a good thing for crypto..

What's your view about it?

Well, I strongly agree with you. If we really have a long-term plan for Cryptocurrency, then we need to be regulated. Yes, it can impose taxes on everything we do and there will be restrictions that will hinder us to do such things. But on the contrary, these laws will also protect us and will give us more security especially to those scammers who hide from their unknown identity. The most important thing about Blockchain is that it is more transparent and corruption will be more evident if they will do it.

shinchan123

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Quote from: Adebits on September 18, 2018, 01:26:04 AM

In my view, regulation will be good for Crypto industry. As we can now see that many Govt are looking for ways to regulate the industry.

Regulation will be a good thing in the long run. It will build trust for the industry among the masses thereby resulting in mass adoption. With regulation, people will feel more comfortable and have a sense of security to invest in crypto.

I don't believe that regulation means we have to declare our portfolio. Just as nobody cares to know exactly how much you own in the bank.

Regulation will also help in curbing the possibility of using crypto to launder money and place a check and balance in ICO which will make it very difficult for scam ICOs to operate.

I say regulation will in the end be a good thing for crypto..

What's your view about it?

It could either be good or bad. I think it's good since with government regulation, the chances of people scamming and getting scammed in cryptocurrency will be lesser since cryptocurrency will be bound by law. However, the other bad thing about it is that it beats the purpose of cryptocurrency which is decentralization.

BogdanGFTP

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Regulation of cryptocurrencies is necessary thing and nothing could cancel it. No matter is it good for coin holders or bad. Unregulated market will just bring the chaos and no one government could allow it.

mahvia

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who am I to judge. I only flame

Quote from: goldenstatewarriors123 on September 18, 2018, 01:54:48 AM

I agree that bitcoin or other kind of cryptocurrency should be regulated. Regulation doesn't mean that we have to give up our freedom, but instead, rules protect us from scam stuff like that.

So what you say is that decentralized systems should be centralized?
Why are you in crypto?

Crypto Lady

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dApps Development Automation Platform

I think that it is impossible to regulate crypto currency. Perhaps it will destroy it, because the crypto currency was created in order to avoid centralization.

ivanklich

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WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

Regulation is already taking place, albeit on a small scale. Regulation can greatly affect the price of cryptocurrencies, hence manipulation can occur. Also, the very idea of cryptocurrencies does not include regulation. But I agree that it is necessary to regulate ICOs, because a lot of people have lost their money because of scams.

Galley

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Everything that happens around the ICO, attracts a large number of scammers. Of course, some kind of reasonable regulation by the relevant authorities is necessary, but this should be all within reasonable limits, so as not to scare away normal investors.

Piskeante

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YOU ARE ALL SOOOOOOOO WRONG......

to make it simple: does governments and banks want crypto with them YES or NO.

If the answer is NO, there is no point in expecting governments to legislate laws and taxes to benefit this market, which will lead them to a huge collapse that is happening at the moment.

If you say YES, that you think crypto will not affect governments and banks in the way they get money from users and enterprises, so you are terribly wrong.

Crypto will die, BECAUSE GOVERNMENTS WILL MAKE IT DIE.

abstmain

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if cryptocurrency gets regulated by a single entity, will not it lose the purpose of being decentralized? I think cryptocurrency should not be regulated. Regulation will take us in the same era we are in now with the traditional currency which I personally really hate the most.

Ucy

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Compare rates on different exchanges & swap.

Depends on the kind of regulation you want? Do you prefer Regulation by opaque, slow and corrupt systems or regulations by transparent, fast and honest system? I choose the latter.
Fiat belongs to the former which is controlled by government while Cryptocurrency belongs to the latter which is Blockchain sustained.

Reid

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Quote from: unusualfacts30 on September 18, 2018, 10:12:13 AM

Quote from: Adebits on September 18, 2018, 01:26:04 AM

In my view, regulation will be good for Crypto industry. As we can now see that many Govt are looking for ways to regulate the industry.

Regulation will be a good thing in the long run. It will build trust for the industry among the masses thereby resulting in mass adoption. With regulation, people will feel more comfortable and have a sense of security to invest in crypto.

I don't believe that regulation means we have to declare our portfolio. Just as nobody cares to know exactly how much you own in the bank.

Regulation will also help in curbing the possibility of using crypto to launder money and place a check and balance in ICO which will make it very difficult for scam ICOs to operate.

I say regulation will in the end be a good thing for crypto..

What's your view about it?

If you had asked people few years ago their opinion would be completely opposite of what you're seeing in this thread and it's understandable. I think regulation can help more people get involved in crypto and overall it will be extremely helpful in wider adoption.

Yes. Before we could see that it will be difficult to pull people from doing it. Beta users are not even opening conversations like this before.

But I am still against this regulation.
It is actually not part of what satoshi is aiming for.
But if it is the people's vote then I guess I will just have to go with it. Let us say I am still at the neutral part.

Entei

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I agree with the view that regulation will bring positive results and that market health can improve but this in the same proportion can bring negative results. Not being pessimistic but the current market is the result of all structure and initiation ie without regulation and unfortunately or fortunately the emotion of cryptocurrency is in the market without regulation.

cepot9

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Cryptocurrency addict | Invest at your own risk.

there is no problem for me that rule but what we all want is a rule that does not limit our freedom in crypto but that regulation can protect us from something that is harmful to users like a scam

krauzzer02

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Quote from: tangbori on September 19, 2018, 11:25:17 AM

I do not see crypto regulation as a bad thing. For me, it is a welcome development because regulation will surely limit scam in the crypto world. There are lot of scam ICOs and I think if ICOs are regulated, we will surely be free from scam.

We all wanted that we can just mind those projects that will fail most of the projects are no excuse to that part they have the chance to flop as others did from the past the only thing about regulation is the Government of a specific country that will be imposing regulation to crypto we can't deny they have different perception towards it as some of them will hate it and some of them will welcome it with an open arms.

BitcoinPanther

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I am really torn in two with the issue of regulation.

You see, cryptocurrency was designed to operate under no central authority. And that's what makes it great. Cryptocurrency being decentralized is the reason why crypto is permissionless with no one forcing you to use it nor anyone stopping you from utilizing it. With no central authority, our transactions are transparent. And yes, our choice of pseudonymity became a reality.

But should regulation takes effect, we are bound to lose the wonders of cryptocurrency as a whole. Unfortunately, it seems the only way for crypto to flourish even further is government backing of which, i believe, can only be achieved with regulation.

Benarand

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Like or dislike us, but the regulation of the cryptocurrency will be, only this is a matter of time. If the regulation of the cryptocurrency is introduced, this will reduce the scam in the ICO. But many will be categorically against the regulation of the cryptocurrency. It seems to me that this is contrary to the original basic principles of anonymity.

tangbori

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I do not see crypto regulation as a bad thing. For me, it is a welcome development because regulation will surely limit scam in the crypto world. There are lot of scam ICOs and I think if ICOs are regulated, we will surely be free from scam.

Iykecollins

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Only if this could be possible, then it would be a laudable idea, but again I do not see the possibility, the internet is somehow unregulated as it allows the possibility of every individual who can have its access to use it, same way it is for crypto as its decentralized structure makes it almost impossible, though there are some aspects of the cryptos that can be decentralized such as the exchanges and ICO's but to get a trusted body to this and how long is the challenge

rika0223

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Quote from: Psalms23 on September 18, 2018, 09:12:34 AM

I think it will be good for crypto because it will at least bring some security to investors and holders. And since security will be higher, more investor might be tempted to participate in crypto investments.

I agree with what you are talking about that the rules are made aiming to be even better and I also believe that with the existing regulations it will definitely be better in the crypto world, it will be very profitable

hachiman13

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Regulations are not a good thing for crypto because it eliminates the essence of confidentiality. However, this is necessary to reduce the number of people who us it for illegal things. Anyway, people can still use decentralized exchanges to avoid regulations--the volume is not high though.

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