IS THERE A WAY TO KEEP BITCOIN FROM GOVERNMENTAL CONTROL?

Shamie1002

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Quote from: FlightyPouch on December 02, 2017, 08:10:42 AM

Well the top post says it all about this site, but why would you really escape the regulation of the government in bitcoin, what if it is for the good? What if it is a sign that the government is accepting the future of the crypto currency?

Speaking of regulations, the Philippines are starting to regulate bitcoin and I think this is one of the recent examples that you need to read.

Yes, securities and exchange commissions are already talking about it but with no specific plans yet.

http://news.abs-cbn.com/business/11/21/17/sec-looks-to-regulate-cryptocurrencies-crowdfunding

I am a bit worried about this, as we experience today, even without the regulations yet it's already very expensive converting BTC to fiat. Remittances have very high fees. I am hoping that crypto will still be worth investing in especially for new investors.

orka39

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Quote from: FlightyPouch on December 02, 2017, 08:10:42 AM

Well the top post says it all about this site, but why would you really escape the regulation of the government in bitcoin, what if it is for the good? What if it is a sign that the government is accepting the future of the crypto currency?

Speaking of regulations, the Philippines are starting to regulate bitcoin and I think this is one of the recent examples that you need to read.

If philippines start to regulate bitcoin i think philipphines have quick and good move.
Regulation is not bad, but the control is very bad.
If regulated, bitcoin will become more valuable and easier to get bitcoin without hiding from government especially for government that banned bitcoin.

phr0stbyt3

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Trying to escape regulation isn't a good idea if you get caught things might turn up worse for you instead just buy any altcoin like zcash or dash , your address can't be traced and it's more a anonymous type of coin which was created to protect privacy , if not then use any bitcoin mixing site and keep doing it to avoid any regulations

rockyfeller

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🚀🚀 ATHERO.IO 🚀🚀

Governments has government banks and has a law, they can't control bitcoin coz it's decentralized by holding bitcoin into a secured wallet, governments doesn't know everything what amount of bitcoin you hold. i believe in technology and we as well. bitcoin is going to be the most secured currency and digital asset that no one is holding except you.

care2yak

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I'm with everyone here who has explained to you that it will be impossible to regulate bitcoin. But what the government can do is scare users of bitcoin. For example, in the US, a newly proposed legislation may criminalize those who conceal ownership of cryptocurrencies (https://news.bitcoin.com/proposed-u-s-legislation-may-criminalize-those-who-conceal-bitcoin/)

That way, they have control over those who use bitcoin and other cryptocurrencies, hoping to "combat money laundering and the financing of terrorists".

But those who believe in privacy will continue to use bitcoin. With this news, every diligent user in the cryptoverse will be watching this closely and see how other countries will respond. If it becomes a law, what can we do? Anyway, it's still too early to tell, and maybe we'll cross the bridge when we get there?

ImHash

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I'm gonna ignore all the bull sh*t replies here Cheesy

Governments have a large amount of bitcoin with no doubt, They are also trying to find the rest of the coins by monitoring exchanges, The only thing that could render them unable in regulating the market and controlling the system is by using any means necessary to avoid using any regulated services.

finthebar

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You need to reverse your question fully - there is no way for governments to control Bitcoin. Even if governments go so far as to shut down the internet, you could send a Bitcoin transaction to a Bitcoin miner in the mail (if they would input it) and it will still work. Or you could transmit it by radio waves. This is why you hear about paper wallets. You dont have to have a computer running to own bitcoin.

Governments will try to control it - and where they will partially succeed is where bitcoin transfers from fiat to btc and back - but the fact that they think they can control it just goes to show that they dont understand what is going on.

hv_

legendary

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Clean Code and Scale

If the masses will use bitcoin on a daily base and buy food and services than it will be no way for goverments to shut it down.

If only speculative use as is by today... easy to shut down.

yoseph

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Quote from: Delilonia1 on December 02, 2017, 07:51:53 AM

I need someone well informed and educated as what to cryptocurrency says to educate us on this..can bitcointalk and block chain as a whole escape the regulations of governmental policies?

Bitcointalk is just a website and falls under the regulation of the government but bitcoin itself and a large number of cyrptocurrencies are decentralized meaning that there is no way that the government can in any way influence or control it.

RodeoX

legendary

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The revolution will be monetized!

There are ways for a government to pressure users within it's jurisdiction. But consider that..

Governments are local law, bitcoin is global.
Even extreme government Internet controls can be circumvented with just a bit of work.
As long as we continue to insist on using it, governments will have to accommodate it.
It is not in the interest of most governments to opt-out of a growing economic opportunity.

GreatOrchid

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What the fuck? Bitcointalk is a forum, maybe you are talking about Bitcoin....

Quote from: Delilonia1 on December 02, 2017, 07:51:53 AM

can bitcointalk and block chain as a whole escape the regulations of governmental policies?

And no, i have not even understand a single pharagraph of your thread because it is impossible to read it.

If you keep using a multisignature wallet + a mixer, there is no way that a government can look over your transactions.

There are some wallets that provide you more than 100 addreses, it is enough to keep yourself out of the radar.

Please, buy a dictionary.

kafeelniazi

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Organic PR on Tier 1 media

Quote from: FlightyPouch on December 02, 2017, 08:10:42 AM

Well the top post says it all about this site, but why would you really escape the regulation of the government in bitcoin, what if it is for the good? What if it is a sign that the government is accepting the future of the crypto currency?

Speaking of regulations, the Philippines are starting to regulate bitcoin and I think this is one of the recent examples that you need to read.

Exactly we should consider bitcoin being regulated as a positive thing or as its increased acceptance among government bodies.

Chekitan

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bitcoin is a decentralized system and such system is only as strong as its users. if we educate ourselves enough to understand basics of everything about bitcoin then nobody can damage it in any ways.
I don't think any government can impose strict regulations on Bitcoin because it is not within their power unless the whole world says no.
Thee worst I see any government doing is to make its usage difficult by imposing bans on exchanges and restricting internet in their domain fromaccess cerrain websites related to Bitcoin.

petewrt

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as long as you keep your mouth shut no government or institution knows how much bitcoin you own

HabBear

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The decentrlized locqtion of Bitcoin Core nodes and miners helps prevent any single government regulation from stalling or seriously interfering with the Bitcoin network.

Governments own Bitcoin, don't believe that they haven't put a stake in this to understand how it works.

As long as Bitcoin doesn't become a haven for tax evasion governments will keep their distance.

Valentina N

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https://www.swanfinance.io/

No so simple as you think! I am sure we all are under control! From birth to death. Don't make an illusion Wink

t309

legendary

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Government and regulations are crap in any cases.

Pettuh4

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Quote from: stompix on December 02, 2017, 08:05:38 AM

Quote from: Delilonia1 on December 02, 2017, 07:51:53 AM

I need someone well informed and educated as what to cryptocurrency says to educate us on this..can bitcointalk and block chain as a whole escape the regulations of governmental policies?

1. Bitcointalk is a forum , it needs web servers and internet access
2. The blockchain is a record of all transactions and it runs on nodes spread around the globe
3. Bitcoin is the currency used on the blockchain

3 different things.

And the most important thing, why do you want them to "escape" regulation ?
What kind of regulations??

Exactly, the question is too vague and leave a lot to be desired, but I will attempt answering; I don't think any government can impose strict regulations on Bitcoin because it is not within their power unless the whole world says no and so for me the worst I see any government doing is to make its usage difficult by imposing bans on exchanges and restricting internet in their domain fromaccess cerrain websites related to Bitcoin.

pikebu

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Quote from: Delilonia1 on December 02, 2017, 07:51:53 AM

I need someone well informed and educated as what to cryptocurrency says to educate us on this..can bitcointalk and block chain as a whole escape the regulations of governmental policies?

I am not sure what is your problem with the regulation of government polices, you must give us more information about your problem, but if you want to make anonymous your bitcoin and untraceable, you can use the bitcoin mixing services, they can helps you the bitcoin to be anonymous and just you know about your bitcoin, you can use https://[banned mixer]/ it is reliable service and high volume too, if you want try it makes sure you have read the FAQ include the risk losing the bitcoin on there. Good luck

Pursuer

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Where is my ring of blades...

well bitcoin is a decentralized system and such system is only as strong as its users. if the users (the majority of them at least) educate themselves enough to understand basics of everything about bitcoin then nobody can damage it in any ways.

but when they start being lazy and only care about how much money they can make out of bitcoin short term then I believe that is when bitcoin becomes vulnerable. and the more people involved in bitcoin want the money (profit) out of it, the weaker bitcoin will be.
that's just my 2 cents.

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