The more they regulate it the more attention Bitcoin gets. Consider it free advertisement when people already don't trust the government. The people paying attention will likely do what is in their best interest and Bitcoin is in everybody's best interest generally speaking.
There are some situations when it is not in a person's best interest to you bitcoin. One example of this would be a title company or a law firm account that is holding funds on behalf of their clients. Both of these types of companies need to have a very clear paper trail documenting every single transaction into and out of their bank accounts. 
Topic: POLL: How do you think government regulation will effect bitcoin? (Read 2784 times)
August 10, 2014, 01:00:45 PM
Bitcoin is a self-regulating system, so any outside interference will have a negative impact on the development of this system
August 08, 2014, 06:58:08 AM
Negative, it should stay like it is now without regulations, BTC dont need government control
August 08, 2014, 06:49:19 AM
if exchane controlled by goverment and no hacker can steal it .
it will big exchange.
it will big exchange.
August 08, 2014, 06:38:02 AM
It will have negative effect on the concept of bitcoin.
August 07, 2014, 11:05:34 AM
I prefer using fiat if government get involve in bitcoin.
August 07, 2014, 10:57:55 AM
I don't want government regulation.
I think regulating money is a pretty bad thing and highly invasive. i think you at most should have to declare income and pay tax but i think that in its current state money regulation (at least in the UK) is highly invasive and against what bitcoin aimed to achieve (Anonymity of money)
I think regulating money is a pretty bad thing and highly invasive. i think you at most should have to declare income and pay tax but i think that in its current state money regulation (at least in the UK) is highly invasive and against what bitcoin aimed to achieve (Anonymity of money)
August 07, 2014, 06:56:20 AM
Please vote. I am curious to find out what the general consensus of the forum is with regards to this issue. Thank you.
As the number of regulatory issues being discussed, many are wondering what it will do to the value of bitcoin. BTC does not operate in a vacuum. Regulatory decisions that will affect the price of bitcoin. The question is: will it help or hurt the value? August 07, 2014, 05:52:29 AM
Depends what regulation, in which country. The btc industry is already so big that even if it will become overregulated in one country, there always will be an alternative.
August 05, 2014, 10:46:22 PM
The more they regulate it the more attention Bitcoin gets. Consider it free advertisement when people already don't trust the government. The people paying attention will likely do what is in their best interest and Bitcoin is in everybody's best interest generally speaking.
This is only true to a point. It bitcoin becomes so regulated that people need to jump through 12 hoops to buy or sell it then the amount of press that it gets will not matter - people will not want to use it or buy it. 
August 05, 2014, 10:06:31 PM
The more they regulate it the more attention Bitcoin gets. Consider it free advertisement when people already don't trust the government. The people paying attention will likely do what is in their best interest and Bitcoin is in everybody's best interest generally speaking.
August 05, 2014, 09:21:45 PM
Have to be regulated to become mainstream unfortunately - if you wanna see $40k a BTC.
August 05, 2014, 09:21:39 PM
Governments will never be able to regulate bitcoin itself. They are only possible to regulate the operations of companies under their jurisdiction. If the legislations are fair and sensible it will be a good and useful thing, protecting the customers, etc. But if the regulations are abusive it will simply scare away investors (tax payers/employment creators) from that specific jurisdiction.
Bitcoin is stronger than all that.
Posted From bitcointalk.org Android App
What they can really only regulate is when bitcoin is converted to fiat. It would be very difficult to regulate any other part of the bitcoin economy. This is exactly what the NY regulators are trying to do (regulate exchanges)Bitcoin is stronger than all that.
Posted From bitcointalk.org Android App
Interesting. Yeah to regulate exchanges, they can do that, but the nature of Bitcoin and the community means there's always going to be transactions "off the grid" and on places like localbitcoins, I think. Or, do you think they could regulate it to make it "illegal" to trade Bitcoin anywhere other than on a regulated exchange? That would suck. Imagine localbitcoins would have like "Bitcoin marshals" who would try to get you to trade with them, then arrest you?
August 05, 2014, 09:02:39 PM
Governments will never be able to regulate bitcoin itself. They are only possible to regulate the operations of companies under their jurisdiction. If the legislations are fair and sensible it will be a good and useful thing, protecting the customers, etc. But if the regulations are abusive it will simply scare away investors (tax payers/employment creators) from that specific jurisdiction.
Bitcoin is stronger than all that.
Posted From bitcointalk.org Android App
What they can really only regulate is when bitcoin is converted to fiat. It would be very difficult to regulate any other part of the bitcoin economy. This is exactly what the NY regulators are trying to do (regulate exchanges) Bitcoin is stronger than all that.
Posted From bitcointalk.org Android App
August 04, 2014, 09:01:47 AM
Governments will never be able to regulate bitcoin itself. They are only possible to regulate the operations of companies under their jurisdiction. If the legislations are fair and sensible it will be a good and useful thing, protecting the customers, etc. But if the regulations are abusive it will simply scare away investors (tax payers/employment creators) from that specific jurisdiction.
Bitcoin is stronger than all that.
Posted From bitcointalk.org Android App
Bitcoin is stronger than all that.
Posted From bitcointalk.org Android App
August 04, 2014, 04:21:56 AM
Have to be regulated to become mainstream unfortunately - if you wanna see $40k a BTC.
August 03, 2014, 11:24:16 AM
I voted "positive" (for the Bitcoin economy at large) because government regulation is part of becoming mainstream. However, government regulation is negative for those who don't like to be monitored by the government. As Bitcoin becomes regulated and mainstream, I think it's important to preserve its underground aspects.
July 31, 2014, 06:17:05 PM
It's going to have a negative effect I would think it's against the whole concept of Bitcoin and I really can't understand how they managed to regulate it.
Regulation of bitcoin will give it some level of legitimacy and will prevent some percentage of scams that are attempted and scams that are successful. Both should help bitcoin over the long run. July 31, 2014, 06:29:56 AM
It's going to have a negative effect I would think it's against the whole concept of Bitcoin and I really can't understand how they managed to regulate it.
The gov can easily put regulation on btc companies and their customers. It makes then run and behave legally. It's nothing to do with BTC's core. The protocol and block chain of btc wont be effected by the regulations.
They can't regulate anything.
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