Is Regulation The End For Bitcoin? | Bitcointalksearch.org

Dotakels

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Quote from: MicroGuy on May 21, 2015, 09:08:47 AM

Quote from: Dotakels on May 20, 2015, 08:48:08 PM

Quote from: thebenjamincode on May 20, 2015, 08:44:00 PM

i think if something is regulated, it can be corrupted.
i prefer bitcoin should not be regulated by anyone

Thats right it will like a government of any country. We will pay a taxes and also many of users will not agree to that regulation. YES its end of the bitcoin.

I think bitcoin will be regulated to the fringes but there's no way it will ever completely die. There's room in the word for hundreds or thousands of digital currencies to survive and thrive. But we'd be delusional to think any government would allow them to compete with its own national currency.

Welcome to bitcoin, the bittorrent of digital payments. It works, it's brilliant, it's amazing, but it ain't going to fly.

But if government will allowed to have a regulations or any law in bitcoin, for sure theres a big trouble and many users will disagree or will affect of that regulations.

thejaytiesto

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Unfotunately I dont see any other way for BTC to reach legit mainstream status without full regulation. If it helps the price because everyone uses it then let it be. But guess what, there will always be ways around that regulation if you want that.

MicroGuy

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Quote from: Dotakels on May 20, 2015, 08:48:08 PM

Quote from: thebenjamincode on May 20, 2015, 08:44:00 PM

i think if something is regulated, it can be corrupted.
i prefer bitcoin should not be regulated by anyone

Thats right it will like a government of any country. We will pay a taxes and also many of users will not agree to that regulation. YES its end of the bitcoin.

I think bitcoin will be regulated to the fringes but there's no way it will ever completely die. There's room in the word for hundreds or thousands of digital currencies to survive and thrive. But we'd be delusional to think any government would allow them to compete with its own national currency.

Welcome to bitcoin, the bittorrent of digital payments. It works, it's brilliant, it's amazing, but it ain't going to fly.

Dotakels

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Activity: 490

Merit: 255

Quote from: Amph on May 21, 2015, 03:01:07 AM

Quote from: BitmoreCoin on May 21, 2015, 02:52:52 AM

Quote from: Dotakels on May 20, 2015, 08:48:08 PM

Quote from: thebenjamincode on May 20, 2015, 08:44:00 PM

i think if something is regulated, it can be corrupted.
i prefer bitcoin should not be regulated by anyone

Thats right it will like a government of any country. We will pay a taxes and also many of users will not agree to that regulation. YES its end of the bitcoin.

The trading should be regulated to protect traders.

exchange should only be hit by the regulation not bitcoin itself, basically they are regulating the fiat that come from bitcoin

som eestate want to regulate bitcoin itself, which is no sense, they don't even know what bitcoin can be classified to

Yeah thats right they just only create an idea about bitcoin that is not really true. And they want to have a regulation like in fiat money but their can't do that because you can't handle it and theres so many possible things that can happened in your bitcoin like scammed or hacked.

randy8777

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Quote from: Dotakels on May 20, 2015, 08:48:08 PM

Quote from: thebenjamincode on May 20, 2015, 08:44:00 PM

i think if something is regulated, it can be corrupted.
i prefer bitcoin should not be regulated by anyone

Thats right it will like a government of any country. We will pay a taxes and also many of users will not agree to that regulation. YES its end of the bitcoin.

if bitcoin does get regulated, then you know bitcoin is being taken seriously by governments. it might attract a lot new investors who were waiting for such news.

louise123

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Quote from: Amph on May 21, 2015, 03:01:07 AM

Quote from: BitmoreCoin on May 21, 2015, 02:52:52 AM

Quote from: Dotakels on May 20, 2015, 08:48:08 PM

Quote from: thebenjamincode on May 20, 2015, 08:44:00 PM

i think if something is regulated, it can be corrupted.
i prefer bitcoin should not be regulated by anyone

Thats right it will like a government of any country. We will pay a taxes and also many of users will not agree to that regulation. YES its end of the bitcoin.

The trading should be regulated to protect traders.

exchange should only be hit by the regulation not bitcoin itself, basically they are regulating the fiat that come from bitcoin

som eestate want to regulate bitcoin itself, which is no sense, they don't even know what bitcoin can be classified to

Quote from: nvaler on May 20, 2015, 07:40:47 PM

LOL how many times people have declared Bitcoin is dead?... keep it coming...LOL

basically after every dump they say so

That is true and at the moment they do not want to recognize it as a currency.
If they did then that would cause them (or more like the banks that control the governments) problems.

Amph

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Quote from: BitmoreCoin on May 21, 2015, 02:52:52 AM

Quote from: Dotakels on May 20, 2015, 08:48:08 PM

Quote from: thebenjamincode on May 20, 2015, 08:44:00 PM

i think if something is regulated, it can be corrupted.
i prefer bitcoin should not be regulated by anyone

Thats right it will like a government of any country. We will pay a taxes and also many of users will not agree to that regulation. YES its end of the bitcoin.

The trading should be regulated to protect traders.

exchange should only be hit by the regulation not bitcoin itself, basically they are regulating the fiat that come from bitcoin

some states want to regulate bitcoin itself, which is no sense, they don't even know what bitcoin can be classified to

Quote from: nvaler on May 20, 2015, 07:40:47 PM

LOL how many times people have declared Bitcoin is dead?... keep it coming...LOL

basically after every dump they say so

BitmoreCoin

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Quote from: Dotakels on May 20, 2015, 08:48:08 PM

Quote from: thebenjamincode on May 20, 2015, 08:44:00 PM

i think if something is regulated, it can be corrupted.
i prefer bitcoin should not be regulated by anyone

Thats right it will like a government of any country. We will pay a taxes and also many of users will not agree to that regulation. YES its end of the bitcoin.

The trading should be regulated to protect traders.

Dotakels

sr. member

Activity: 490

Merit: 255

Quote from: thebenjamincode on May 20, 2015, 08:44:00 PM

i think if something is regulated, it can be corrupted.
i prefer bitcoin should not be regulated by anyone

Thats right it will like a government of any country. We will pay a taxes and also many of users will not agree to that regulation. YES its end of the bitcoin.

thebenjamincode

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Activity: 490

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37iGtdUJc2xXTDkw5TQZJQX1Wb98gSLYVP

i think if something is regulated, it can be corrupted.
i prefer bitcoin should not be regulated by anyone

nvaler

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LOL how many times people have declared Bitcoin is dead?... keep it coming...LOL

Xprim777

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Icarus team 🔐💳

To begin I think bitcoin needs an international statut, and not a different statut depending of the countries.
In my opinion, regulation does not mean the end for Bitcoin. I mean I think some huge compagnies and investors are waiting for more clarity in the existing regulation (depending on countries) , just to be sure that what they want to do is legal. But with his popularity growing day after day, I don't doubt that the gouvernements will try to put a strict regulation especially if Bitcoin is seen like a threat for the actual economic system. If it's the case I don't know how Bitcoin will face.

galbros

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I am very sympathetic to Furio's arguments. I would say that regulation is the end of the beginning for bitcoin. The early adopters have served the effort very well and gotten it in a position to go mainstream, if it does though, it will be regulated. Double edged sword.

Furio

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Quote from: bitparadise on May 14, 2015, 09:56:44 AM

Quote from: Netnox on March 13, 2015, 08:39:17 AM

Regulation is needed or else the whole ecosystem will be a wild west and regular people won't join the network, so there has to be trust.

I don’t believe Bitcoin can be regulated by any goverment… anyway Bitcoin runs well without any governmental regulation.

It can be, because exchanges and some businesses need to operate in fiat as well and fiat is regulated. It's enough for the regulators to focus on the movement of fiat within the Bitcoin ecosystem and you already have some regulations in place (it happened in China last year).
I also think regulation isn't needed but inevitable. They may not succeed but they will certainly keep on trying.

In order to achieve mainstream adoption, regulation and identification of wallet addresses is inevitable. But the paradox is that government regulation started the need of something like bitcoin, free of manipulation, controlled by no-one, yet overyone

Else it will remain within the circles in which it is now, maybe grow a little more, but never full adoption. The reason is that "the killer app" in order to achieve mainstream adoption means people want to use it like a bank, names and numbers.

My sad doom scenario is that because of the difficulties crypto faces and the enormous advantages of early adopters with regards to new users, the banks will have a own blockchain variant, before bitcoin or any other crypto could achieve full adoption.

I hope I'm wrong

Kyraishi

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Quote from: Amph on May 14, 2015, 09:53:47 AM

Quote from: Kyraishi on May 14, 2015, 09:40:55 AM

Quote from: Lauda on May 14, 2015, 09:31:41 AM

Quote from: BTC_Superman on May 14, 2015, 08:53:43 AM

I don't think Bitcoin will be regulated. If it is regulated, it will lose his own beauty.

This is just nonsense. It is already regulated and it will become even more regulated.
Bitcoin can't be traded on legit exchanges without regulation. Sure, you can always use localbitcoins to trade but that can't be compared to exchanges.
In order for Bitcoin to be legal and/or mainstream it has to be regulated.

Give it some time.
Decentralized exchanges will emerge, and they wont be able to regulate those.
Patience is a virtue Wink

apparently there is one already, i don't know if this is legit or what, but they say that it is decentralized...

https://bitshares.org/

Hmm, it seems to have quite some information on the site, and apparently poloniex is one of their partners: https://bitshares.org/partners
The project is also on github (https://github.com/BitShares/bitshares) so I am guessing anyone can fork it and create their own?

bitparadise

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Quote from: Netnox on March 13, 2015, 08:39:17 AM

Regulation is needed or else the whole ecosystem will be a wild west and regular people won't join the network, so there has to be trust.

I don’t believe Bitcoin can be regulated by any goverment… anyway Bitcoin runs well without any governmental regulation.

Amph

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Quote from: Kyraishi on May 14, 2015, 09:40:55 AM

Quote from: Lauda on May 14, 2015, 09:31:41 AM

Quote from: BTC_Superman on May 14, 2015, 08:53:43 AM

I don't think Bitcoin will be regulated. If it is regulated, it will lose his own beauty.

This is just nonsense. It is already regulated and it will become even more regulated.
Bitcoin can't be traded on legit exchanges without regulation. Sure, you can always use localbitcoins to trade but that can't be compared to exchanges.
In order for Bitcoin to be legal and/or mainstream it has to be regulated.

Give it some time.
Decentralized exchanges will emerge, and they wont be able to regulate those.
Patience is a virtue Wink

apparently there is one already, i don't know if this is legit or what, but they say that it is decentralized...

https://bitshares.org/

Kyraishi

hero member

Activity: 952

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Quote from: Lauda on May 14, 2015, 09:31:41 AM

Quote from: BTC_Superman on May 14, 2015, 08:53:43 AM

I don't think Bitcoin will be regulated. If it is regulated, it will lose his own beauty.

This is just nonsense. It is already regulated and it will become even more regulated.
Bitcoin can't be traded on legit exchanges without regulation. Sure, you can always use localbitcoins to trade but that can't be compared to exchanges.
In order for Bitcoin to be legal and/or mainstream it has to be regulated.

Give it some time.
Decentralized exchanges will emerge, and they wont be able to regulate those.
Patience is a virtue Wink

Kyraishi

hero member

Activity: 952

Merit: 513

Well,
Is regulation really needed?

I think that should be the question.
This kind of reminds me of this video: https://www.youtube.com/watch?v=xMoPBDz5ycA

Very educational, and I think it kind of goes hand to hand with this situation.

Lauda

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Terminated.

Quote from: BTC_Superman on May 14, 2015, 08:53:43 AM

I don't think Bitcoin will be regulated. If it is regulated, it will lose his own beauty.

This is just nonsense. It is already regulated and it will become even more regulated.
Bitcoin can't be traded on legit exchanges without regulation. Sure, you can always use localbitcoins to trade but that can't be compared to exchanges.
In order for Bitcoin to be legal and/or mainstream it has to be regulated.

Topic: Is Regulation The End For Bitcoin? (Read 6893 times)