Bitcoin is already the most regulated currency ever to exist. ALL new coin issuance, and ALL transactions are fully transparent and regulated by all participants and any and all citizens of the planet.
So, regulation is the beginning not the end, and always has been the core of bitcoin's strength.
However, this obvious fact assumes that we use the meaning of words as they are described by dictionaries.
I am well aware that many times words have hidden meanings, and in the case of "regulated" we sometimes mean, subject to a criminal psychopathic heirarchy and immediate change using the tools of fear by anyone who would so choose to use them.
Public coin is like the moon (please excuse the common analogy). The motion is perfectly regulated by well known and documented natural law. However, there is no way for me when i am on some tragic pharmaceutical downturn to threaten anyone with violence, blackmail, etc. to effect its motion. Hence: "unregulated". And so it will stay.
Topic: Is Regulation The End For Bitcoin? - page 8. (Read 6909 times)
Regulation is actually just a natural process if you want bitcoin to succeed, but of course whether it is dangerous or not is the level of regulation. Governments could certainly throttle and tie it down with needless laws and regulation but hopefully it won't be this severe. Governments are going to want their tax cut percentage in purchases though so if you think you can use it forever to avoid this you're very wrong.
Depends on the level of regulation. If it's insanely taxed and you have to jump through hoops to use/spend/sell it then maybe, but likely regulation will just be the same as everything else and expected. If it is to exceed as a currency then it's natural it will be regulated in some capacity.
Bitcoin and the blockchain itself cannot be regulated. Governments will make laws around it, collect taxes on your wallet, they will try to enforce their will upon the bitcoin community. They might even ban the use of bitcoin. Bad thing indeed.
Can you give out negative effects if Bitcoin is regulated?
I can't see how bitcoin could be regulated so I don't think it's anything we need to worry about just yet.
Supposing it could it would mean a lot more bureacracy and red-tape, something I'm not too keen on. If bitcoin turns into Fedcoin I'm sure a lot of hodlers will be switching to alt currencies.
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
It definitely wouldn't mean the end for Bitcoin. Some form of regulation is actually needed if we ever want to see Bitcoin go mainstream. There is no way the powers that be will allow the 'wild west' back into the system. It doesn't matter how innovative the idea is, if it can't be controlled, it's not getting in. Regulation doesn't necessarily mean the end of privacy and anonymity either, at least not completely.
Regulation is a good thing.
Regulation means, that there is a rulebook, about how to use Bitcoin. That means, that government institutions can not act arbitrary.
Today, if you want to found a business and ask a government institution about how to do it(even if it is not a BTC business, you have to follow some rules), you get an official, who doesn't like Bitcoin and just tells you bullshit. I know a business owner, who would like to use Bitcoin, but he is just to afraid, that he might get into trouble and doesn't want to endanger the (not BTC)company he build over the last years.
No Regulations means less innovation.
Regulation also means, that people can't say anymore, that Bitcoin is illegal money.
Sure, if there are too strict regulations, it might hurt Bitcoin, but I don't think, that will happen and even if it happens e.g. in the USA: Bitcoin is Internet money, just move your business to a country, with less strict regulations.
Regulation means, that there is a rulebook, about how to use Bitcoin. That means, that government institutions can not act arbitrary.
Today, if you want to found a business and ask a government institution about how to do it(even if it is not a BTC business, you have to follow some rules), you get an official, who doesn't like Bitcoin and just tells you bullshit. I know a business owner, who would like to use Bitcoin, but he is just to afraid, that he might get into trouble and doesn't want to endanger the (not BTC)company he build over the last years.
No Regulations means less innovation.
Regulation also means, that people can't say anymore, that Bitcoin is illegal money.
Sure, if there are too strict regulations, it might hurt Bitcoin, but I don't think, that will happen and even if it happens e.g. in the USA: Bitcoin is Internet money, just move your business to a country, with less strict regulations.
I think the harder it is to get, the more valuable it becomes. And talks about regulation, how is that possible for someone to actually control it? The idea behind bitcoin principle and creation is not for it to be controlled by anybody. They will just have to shut down the internet in order to do that. And even if somehow there is a way to regulate, can somebody ensure that it will always be fair and done in the best interest of bitcoin
First, there will be less bitcoiner, since it's regulated
Second, some bitcoin will sell their coins & dropping bitcoin price, since it's better to hold fiat than regulated bitcoin
Third, some bitcoin service will be closed, especially ilegal service
But, i think bitcoin better die than must be regulated
Second, some bitcoin will sell their coins & dropping bitcoin price, since it's better to hold fiat than regulated bitcoin
Third, some bitcoin service will be closed, especially ilegal service
But, i think bitcoin better die than must be regulated
Can you give out negative effects if Bitcoin is regulated?
First of all, it will become like other things. And that's not good.
Secondly, it will lose all that is fascinating about it.
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?
Jump to: