Topic: Is Regulation The End For Bitcoin? - page 7. (Read 6909 times)
I feel that it's better that bitcoins are regulated. It will be more safer to use and a recognized entity as it is said in the article that currently Bitcoin can be used for illegal activities like funding terrorist organizations but with the regulation, this risk will reduce significantly.
The blockchain will treat any harmful regulation as damage to the system, and will route around it as indifferently as a river routes around a boulder.
When Bitcoin finally becomes fully regulated and widely used like MasterCard I think many early adopters will sell out their holdings at the first giant price spike and stop coming here to post. Think about it, do you go over and hang out at the MasterCard forum? Of course not because MasterCard isn't trendy-edgy-cool. Bitcoin won't be either at that point.
Can you give reasons why they would do that when bitcoin network effect surpasses that of mastercard? The fact of the matter is bitcoin allows you to make transactions without the middle man so even if its regulated i can still send people money p2p without a middleman.
Where do you buy your coins?
And where do you buy your fiat tokens?
You can't really "regulate" bit coin. You can regulate people. The borderless nature of bitcoin makes it impossible to ever completely control it or the people using it. I think current consumer laws provide a framework for protection, it is simply a question of law enforcement catching up.
When Bitcoin finally becomes fully regulated and widely used like MasterCard I think many early adopters will sell out their holdings at the first giant price spike and stop coming here to post. Think about it, do you go over and hang out at the MasterCard forum? Of course not because MasterCard isn't trendy-edgy-cool. Bitcoin won't be either at that point.
Can you give reasons why they would do that when bitcoin network effect surpasses that of mastercard? The fact of the matter is bitcoin allows you to make transactions without the middle man so even if its regulated i can still send people money p2p without a middleman.
Where do you buy your coins?
Agreed ^. Bitcoin runs completely fine without any governmental intrusion or regulation. The network and users regulates itself and that is the beauty of bitcoin. People were using and transacting with it just fine for years without any regulation so I don't see your logic.
How much like a couple thousand? Trust me bitcoin won't go mainstream if its not regulated, 99% of people won't use it.
Have to whole-heartedly agree there. Bitcoin will die before it's even out of beta, if we don't get things like consumer and fraud protection in place. Insurance is another factor.
All the Gox'ing, Stamp'ing, Mycoin'ing, Neo and Bees, and continuous scams will prevent Bitcoin from maturing and taking off if only the 200,000 or so Bitcoin users in the world use it. Need to add a few a more decimals to that figure, and only way to do that is to provide protection.
+1 one of the reasons why bitcoins has been crashing big time and that for a couple times is because unregulated exchanges and incompetent people running those.
When Bitcoin finally becomes fully regulated and widely used like MasterCard I think many early adopters will sell out their holdings at the first giant price spike and stop coming here to post. Think about it, do you go over and hang out at the MasterCard forum? Of course not because MasterCard isn't trendy-edgy-cool. Bitcoin won't be either at that point.
Can you give reasons why they would do that when bitcoin network effect surpasses that of mastercard? The fact of the matter is bitcoin allows you to make transactions without the middle man so even if its regulated i can still send people money p2p without a middleman.
Agreed ^. Bitcoin runs completely fine without any governmental intrusion or regulation. The network and users regulates itself and that is the beauty of bitcoin. People were using and transacting with it just fine for years without any regulation so I don't see your logic.
How much like a couple thousand? Trust me bitcoin won't go mainstream if its not regulated, 99% of people won't use it.
Have to whole-heartedly agree there. Bitcoin will die before it's even out of beta, if we don't get things like consumer and fraud protection in place. Insurance is another factor.
All the Gox'ing, Stamp'ing, Mycoin'ing, Neo and Bees, and continuous scams will prevent Bitcoin from maturing and taking off if only the 200,000 or so Bitcoin users in the world use it. Need to add a few a more decimals to that figure, and only way to do that is to provide protection.
Agreed ^. Bitcoin runs completely fine without any governmental intrusion or regulation. The network and users regulates itself and that is the beauty of bitcoin. People were using and transacting with it just fine for years without any regulation so I don't see your logic.
How much like a couple thousand? Trust me bitcoin won't go mainstream if its not regulated, 99% of people won't use it.
When Bitcoin finally becomes fully regulated and widely used like MasterCard I think many early adopters will sell out their holdings at the first giant price spike and stop coming here to post. Think about it, do you go over and hang out at the MasterCard forum? Of course not because MasterCard isn't trendy-edgy-cool. Bitcoin won't be either at that point.
I agree with you.
After all, it's all about business and money.
If early adopters think that bitcoin is good investment, they will stick with it, regulated or not regulated.
In terms of protocol ; I dont believe Bitcoin can be regulated by any goverment.
However, in terms of currency ,Bitcoin can be regulated and be taxed etc. Goverments can make some restrictions what people can do with Bitcoin.
However, in terms of currency ,Bitcoin can be regulated and be taxed etc. Goverments can make some restrictions what people can do with Bitcoin.
When Bitcoin finally becomes fully regulated and widely used like MasterCard I think many early adopters will sell out their holdings at the first giant price spike and stop coming here to post. Think about it, do you go over and hang out at the MasterCard forum? Of course not because MasterCard isn't trendy-edgy-cool. Bitcoin won't be either at that point.
Agreed ^. Bitcoin runs completely fine without any governmental intrusion or regulation. The network and users regulates itself and that is the beauty of bitcoin. People were using and transacting with it just fine for years without any regulation so I don't see your logic.
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.
Total cluelessness noted.
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?
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?
Didnt you think that this regulation is backed up by other bitcoin loyalist who just want to make a more civilized bitcoin world.
Regulation will not be the end but just a start for bitcoin.
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.
Can you give out negative effects if Bitcoin is regulated?
i think the most affected if bitcoin is regulated is about privacynow we can say bitcoin is anonymous, but if bitcoin is reglated i don't think so
To be honest, I am still not totally sold out with the idea of regulation.
What if the goverment make bitcoin use a criminal activity? Theres nothing we could do.
There is something we can do, we can do the same as what we have been doing if we believe in it, it is decentralized and they cannot stop us if we do not want them to. The only regulation i would agree with is all the centralized parts of bitcoin at the moment to begin with exchanges unless they become decentralized pretty soon they should be regulated because they have proven they need to be. I will be in crypto whatever happens
Is Regulation The End for Bitcoin?
Nope.
Next question...
Nope.
Next question...
Can you give out negative effects if Bitcoin is regulated?
i think the most affected if bitcoin is regulated is about privacynow we can say bitcoin is anonymous, but if bitcoin is reglated i don't think so
To be honest, I am still not totally sold out with the idea of regulation.
What if the goverment make bitcoin use a criminal activity? Theres nothing we could do.
Govt regulation could be the end of it, as for example someone in Chine why should care about US or EU regulations and vica-versa so in some cases that could led to hard-forks (like the debate around the 20MB fork).
Jump to: