Is Regulation The End For Bitcoin? - page 3.

BTC-Bank

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Quote from: Slaxt on March 20, 2015, 08:43:26 PM

Quote from: BTC-Bank on March 20, 2015, 08:13:58 PM

They are looking to control and regulate Bitcoin when the Bitcoin is made to not be controlled and regulated.In my opinion the only really thing they can do is to forbidden internet access as other member notice above but where? to whole world? so i found an end as impossible, a disaster maybe... Cool

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BTC-Bank.

Yes they will try and do what they can to control i mean regulate but that is not going to get them anywhere as you have stated above they will not be able to. What they will be able to regulate i mean control would be exchanges and as we speak the UK government are planning to do exactly that which will not be good by any means.

More than likely we can expect the exchanges to get regulated and then massive fee's will be a result because the governments obviously want their bit as well as they always do.

It will not be the end but i could be fairly annoying jumping threw hoops for these people.

Except if we all recognize it for what it is build for?Which is money we don't need to exchange it we need to use it between us sure they can control mean regulate companies but not us and not all the world.. the idea of Bitcoin is not an investment opportunity which we just convert it to pounds, dollars,euros or else but is to use it as the form of payment and money this is the future and its future is only in our hands my friend.

Kind Regards,
BTC-Bank.

Slaxt

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Gone......

Quote from: BTC-Bank on March 20, 2015, 08:13:58 PM

They are looking to control and regulate Bitcoin when the Bitcoin is made to not be controlled and regulated.In my opinion the only really thing they can do is to forbidden internet access as other member notice above but where? to whole world? so i found an end as impossible, a disaster maybe... Cool

Kind Regards,
BTC-Bank.

Yes they will try and do what they can to control i mean regulate but that is not going to get them anywhere as you have stated above they will not be able to. What they will be able to regulate i mean control would be exchanges and as we speak the UK government are planning to do exactly that which will not be good by any means.

More than likely we can expect the exchanges to get regulated and then massive fee's will be a result because the governments obviously want their bit as well as they always do.

It will not be the end but i could be fairly annoying jumping threw hoops for these people.

BTC-Bank

member

Activity: 126

Merit: 10

They are looking to control and regulate Bitcoin when the Bitcoin is made to not be controlled and regulated.In my opinion the only really thing they can do is to forbidden internet access as other member notice above but where? to whole world? so i found an end as impossible, a disaster maybe... Cool

Kind Regards,
BTC-Bank.

jjacob

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Quote from: Furio on March 20, 2015, 02:03:15 AM

Quote from: Slaxt on March 19, 2015, 09:00:51 PM

No it is not the end of bitcoin when it gets regulated and it will be regulated very soon ,this may the UK government are looking into it they want to learn more and have spent 12 million to research it before they decide on how to do it to apparently make it a safer place for both investors and merchants. Chances are when they have there foot in the door they will try to control as much as they can..

If they start to tax everything with Bitcoin, it will be the end for mass adoption, only for people interested in anonymously doing business or lefties Wink

Most people do pay taxes, so that won't be a concern for Bitcoin. Tax avoidance/evasion is not the only reason why people flock to Bitcoin. This is like saying fiat cash is used only by tax evaders / money launderers.

Sharona

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Quote from: gentlemand on March 18, 2015, 02:47:58 PM

Quote from: cellard on March 18, 2015, 02:42:37 PM

Quote from: moriartybitcoin on March 18, 2015, 02:35:48 PM

Regulation just means some people will flock to unregulated networks (like my own ..) .. So it is hardly the 'end of bitcoin'

I don't really understand the function of bitcoin mixers (yes even if I have a sig campaing of a bitcoin mixer running). My question is: how do you know the bitcoins you get are clean and not stolen or criminal related? can't this be a problem for you?

You won't know. You might get the cleanest coins in history or something freshly stolen. The point is that no one else will be able to tell either.

Unless they have solid evidence connecting you to any crime directly, they won't bother with you. Also, they would be going through a known mixer address so people would know it would be fruitless to trace any further.

maku

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Regulations are real, check this:

U.K. TREASURY TO REGULATE DIGITAL CURRENCY & BITCOIN,

HM Treasury, the U.K. government’s economic and finance ministry, intends to apply anti-money laundering regulation to digital currency exchanges in the U.K. as part of a plan to promote the legitimate use of digital currency. The goal, according to a newly-released 28-page document, is to support innovation and prevent criminal use. - cryptocoinsnews.com https://www.cryptocoinsnews.com/u-k-treasury-regulate-digital-currency-bitcoin/

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Quote from: Slaxt on March 19, 2015, 09:00:51 PM

No it is not the end of bitcoin when it gets regulated and it will be regulated very soon ,this may the UK government are looking into it they want to learn more and have spent 12 million to research it before they decide on how to do it to apparently make it a safer place for both investors and merchants. Chances are when they have there foot in the door they will try to control as much as they can..

If they start to tax everything with Bitcoin, it will be the end for mass adoption, only for people interested in anonymously doing business or lefties Wink

Slaxt

sr. member

Activity: 476

Merit: 250

Gone......

No it is not the end of bitcoin when it gets regulated and it will be regulated very soon ,this may the UK government are looking into it they want to learn more and have spent 12 million to research it before they decide on how to do it to apparently make it a safer place for both investors and merchants. Chances are when they have there foot in the door they will try to control as much as they can..

BillyBobZorton

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Quote from: manwithat on March 19, 2015, 10:55:10 AM

Only if they forbid internet. It is difficult To guard All transactions with bitcoin.

Even if they forbid the entire internet it wouldn't matter, in the future we will have decentralized internet with decentralized satellites, its gonna be fun.

manwithat

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Only if they forbid internet. It is difficult To guard All transactions with bitcoin.

inBitweTrust

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Quote from: SueGiant on March 19, 2015, 09:35:45 AM

Quote from: Beatkoyn on March 13, 2015, 02:56:37 AM

Is Regulation The End For Bitcoin?

http://bitforum.info/t/is-regulation-the-end-for-bitcoin/396

Maybe bitcoiners doesnt say this out loud but majority of us question ourselves, if Bitcoin will be regulated. Would it be the end?

I mean, if there is a central entity that regulates Bitcoin, do you think that they're regulation would be 'limited' or will they violate a bitcoiners privacy for the sake of 'regulation'?

In the article, it reads the advantages of regulation.

Can you give out negative effects if Bitcoin is regulated?

Read some of the replies, 80% cons 20% pros.

The OP has presented a malformed question and a false dichotomy. Bitcoin was regulated by the protocol and incentive structure itself when it was invented and now is regulated by many governments to one degree or another.

There is no pro - or con because there is a spectrum of how one defines regulation and to what degree people want bitcoin regulated. Bitcoin will persist with or without government regulation because it is a very popular open source project.

SueGiant

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Quote from: Beatkoyn on March 13, 2015, 02:56:37 AM

Is Regulation The End For Bitcoin?

http://bitforum.info/t/is-regulation-the-end-for-bitcoin/396

Maybe bitcoiners doesnt say this out loud but majority of us question ourselves, if Bitcoin will be regulated. Would it be the end?

I mean, if there is a central entity that regulates Bitcoin, do you think that they're regulation would be 'limited' or will they violate a bitcoiners privacy for the sake of 'regulation'?

In the article, it reads the advantages of regulation.

Can you give out negative effects if Bitcoin is regulated?

Read some of the replies, 80% cons 20% pros.

btc.to.moon

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I think if someone could take the regulation to bitcoin then it must be dead (because one of the reasons that people invest in bitcoin because it is decentralized). Otherwise bitcoin is going to the moon!

Hazir

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Quote from: NeuroticFish on March 18, 2015, 02:40:15 PM

Bitcoin will be regulated - more or less. But it will have almost no effect.

1. The regulation will come late, way after bitcoin will become mainstream.
2. The regulation will be "soft" and maybe only in some countries - see http. (for example child porn is not allowed, which is good. In some countries some sites are blocked, which is bad. But overall most ppl don't feel like http is regulated)
3. There will always be "alternative ways", so the regulation will not worth much for the ones that know a little tech.

The problem with Bitcoin regulations is the fact that no one can regulate bitcoin itself because of the decentralized nature of it. But when they can't regulate bitcoin, government will be trying to regulate bitcoin related services like payment processors and exchanges.

gentlemand

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Quote from: cellard on March 18, 2015, 02:42:37 PM

Quote from: moriartybitcoin on March 18, 2015, 02:35:48 PM

Regulation just means some people will flock to unregulated networks (like my own ..) .. So it is hardly the 'end of bitcoin'

I don't really understand the function of bitcoin mixers (yes even if I have a sig campaing of a bitcoin mixer running). My question is: how do you know the bitcoins you get are clean and not stolen or criminal related? can't this be a problem for you?

You won't know. You might get the cleanest coins in history or something freshly stolen. The point is that no one else will be able to tell either.

cellard

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Quote from: moriartybitcoin on March 18, 2015, 02:35:48 PM

Regulation just means some people will flock to unregulated networks (like my own ..) .. So it is hardly the 'end of bitcoin'

I don't really understand the function of bitcoin mixers (yes even if I have a sig campaing of a bitcoin mixer running). My question is: how do you know the bitcoins you get are clean and not stolen or criminal related? can't this be a problem for you?

NeuroticFish

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Bitcoin will be regulated - more or less. But it will have almost no effect.

1. The regulation will come late, way after bitcoin will become mainstream.
2. The regulation will be "soft" and maybe only in some countries - see http. (for example child porn is not allowed, which is good. In some countries some sites are blocked, which is bad. But overall most ppl don't feel like http is regulated)
3. There will always be "alternative ways", so the regulation will not worth much for the ones that know a little tech.

moriartybitcoin

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Regulation just means some people will flock to unregulated networks (like my own ..) .. So it is hardly the 'end of bitcoin'

Hazir

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Quote from: DeboraMeeks on March 18, 2015, 02:24:12 PM

If Bitcoins are to get regulated, people will fear to gamble, stop using them for wrong deeds (such as terrorists), transactions may become reversible (in least cases possible, as if one person will be allowed to hold just one address/IP or /PC), it would be easier for Centrals to track everyone's transactions as they might give the orders to either make public notes that for what purpose the funds are being sent, etc.

I wish this scenario never happened because it sound like Big Brother's ultimate dream. Organizations and government agencies spying on everyone.
You could say it is ok because I am not doing nothing wrong with my coins. But that is not the point here. After all control over people is not the greatest form of trust you know.

inBitweTrust

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Quote from: DeboraMeeks on March 18, 2015, 02:24:12 PM

If Bitcoins are to get regulated, people will fear to gamble, stop using them for wrong deeds (such as terrorists), transactions may become reversible (in least cases possible, as if one person will be allowed to hold just one address/IP or /PC), it would be easier for Centrals to track everyone's transactions as they might give the orders to either make public notes that for what purpose the funds are being sent, etc.

Regulation will happen with or without our involvement and will do little to curve corruption and theft but simply changes who is involved in the theft. What we should focus on is developing more technological solutions to "regulate" and secure bitcoin which doesn't involve trusting a central party which history has shown leads to failure time and time again.

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