possible government regulations? - page 2.

arseaboy

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Quote from: deisik on November 27, 2016, 04:46:12 PM

Quote from: South Park on November 27, 2016, 12:19:25 PM

Quote from: deisik on November 27, 2016, 10:34:21 AM

And to mitigate the problem would mean to ban Bitcoin, right?

Crimes happen not because of Bitcoin but because there are criminals (or would be criminals until they get caught and convicted). Blaming Bitcoin is like blaming the gun and not the guy who pulled the trigger. Though you are right, at least to a degree, that governments don't care and more often than not just don't want to deal with the real causes of a problem

Correct, and why the government doesn't want to deal with the real problem? Because they can get more power because of it. If there is a lot of crimes governments can ask for more taxes and more intrusive laws and people give in because they want those things to stop but it doesn't.

I have to agree with that

Government (any particular government, for that matter) seems to be the worst problem "solver" out there. Instead of dealing directly with the root of the problem, they seem to be more busy incessantly fighting with symptoms. I guess if it were any other way (and any other way would still be a better way, lol), people would start questioning why there are so many slackers and shirkers sticking around in the government. Rephrasing Winston Churchill, we can always count on the government to do the right thing after they have tried everything else

And that is why we most of us here in bitcoin community don't agree to have a government intervening with bitcoin. Because it would be a bad news for us if they will apply taxes and some fees to every transactions we made using our bitcoins.

deisik

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Quote from: South Park on November 27, 2016, 12:19:25 PM

Quote from: deisik on November 27, 2016, 10:34:21 AM

And to mitigate the problem would mean to ban Bitcoin, right?

Crimes happen not because of Bitcoin but because there are criminals (or would be criminals until they get caught and convicted). Blaming Bitcoin is like blaming the gun and not the guy who pulled the trigger. Though you are right, at least to a degree, that governments don't care and more often than not just don't want to deal with the real causes of a problem

Correct, and why the government doesn't want to deal with the real problem? Because they can get more power because of it. If there is a lot of crimes governments can ask for more taxes and more intrusive laws and people give in because they want those things to stop but it doesn't.

I have to agree with that

Government (any particular government, for that matter) seems to be the worst problem "solver" out there. Instead of dealing directly with the root of the problem, they seem to be more busy incessantly fighting with symptoms. I guess if it were any other way (and any other way would still be a better way, lol), people would start questioning why there are so many slackers and shirkers sticking around in the government. Rephrasing Winston Churchill, we can always count on the government to do the right thing after they have tried everything else

dothebeats

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That would be shit if they would also put value added tax into bitcoin purchases. Here in our country, it's already 12% of what the original price of the item is. If we are gonna add that amount into bitcoin purchases then I don't think people would be enticed to use bitcoin thereafter. Also take into consideration on what they're planning which is really nuts: capital gains tax. Since bitcoin is considered as an investment tool, you must declare any profits you have and give a portion of it to the government, lol.

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Quote from: diegz on November 24, 2016, 08:57:57 PM

Quote from: Kotone on November 24, 2016, 11:03:10 AM

Quote from: shyich03 on November 03, 2016, 09:51:39 PM

Since bitcoin and other digital currencies are such a game changer for the traditional economics systems, could there be any government policies that can be devastating to this new market? and even if governments in North America or Europe might not be able to do such things, how about policies from other more centralized countries that could bring the same effect?

I think goverment will never create a regulation about bitcoin and the matter of fact that goverment don't really cares what will happening in bitcoin now as long as they are earning in real world and if they are going to charge trading and transaction well let's wait until the news further.

Who knows. Since bitcoin is affecting people and been used by people, for sure government might create or formulate a law. Though they never care about bitcoin, but if it is affecting the community, and there are crimes (theft, or worst than that ) that happens because of bitcoin, for sure they will do something and create a law to mitigate the problem.

Now you are blaming bitcoin as cause of crimes. Anyway whether it is bitcoin fault or not, when bitcoin become popular and being used by majority of the citizen, the government can not do anything but to implement rules and regulation on usage of bitcoin. this mainly for purpose of "protecting" their citzien while imposing taxes to every earnin made in bitcoin.

South Park

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Quote from: deisik on November 27, 2016, 10:34:21 AM

Quote from: diegz on November 24, 2016, 08:57:57 PM

Quote from: Kotone on November 24, 2016, 11:03:10 AM

Quote from: shyich03 on November 03, 2016, 09:51:39 PM

Since bitcoin and other digital currencies are such a game changer for the traditional economics systems, could there be any government policies that can be devastating to this new market? and even if governments in North America or Europe might not be able to do such things, how about policies from other more centralized countries that could bring the same effect?

I think goverment will never create a regulation about bitcoin and the matter of fact that goverment don't really cares what will happening in bitcoin now as long as they are earning in real world and if they are going to charge trading and transaction well let's wait until the news further.

Who knows. Since bitcoin is affecting people and been used by people, for sure government might create or formulate a law. Though they never care about bitcoin, but if it is affecting the community, and there are crimes (theft, or worst than that ) that happens because of bitcoin, for sure they will do something and create a law to mitigate the problem.

And to mitigate the problem would mean to ban Bitcoin, right?

Crimes happen not because of Bitcoin but because there are criminals (or would be criminals until they get caught and convicted). Blaming Bitcoin is like blaming the gun and not the guy who pulled the trigger. Though you are right, at least to a degree, that governments don't care and more often than not just don't want to deal with the real causes of a problem

Correct, and why the government doesn't want to deal with the real problem? Because they can get more power because of it. If there is a lot of crimes governments can ask for more taxes and more intrusive laws and people give in because they want those things to stop but it doesn't.

deisik

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Quote from: diegz on November 24, 2016, 08:57:57 PM

Quote from: Kotone on November 24, 2016, 11:03:10 AM

Quote from: shyich03 on November 03, 2016, 09:51:39 PM

Since bitcoin and other digital currencies are such a game changer for the traditional economics systems, could there be any government policies that can be devastating to this new market? and even if governments in North America or Europe might not be able to do such things, how about policies from other more centralized countries that could bring the same effect?

I think goverment will never create a regulation about bitcoin and the matter of fact that goverment don't really cares what will happening in bitcoin now as long as they are earning in real world and if they are going to charge trading and transaction well let's wait until the news further.

Who knows. Since bitcoin is affecting people and been used by people, for sure government might create or formulate a law. Though they never care about bitcoin, but if it is affecting the community, and there are crimes (theft, or worst than that ) that happens because of bitcoin, for sure they will do something and create a law to mitigate the problem.

And to mitigate the problem would mean to ban Bitcoin, right?

Crimes happen not because of Bitcoin but because there are criminals (or wouldbe criminals until they get caught and convicted). Blaming Bitcoin is like blaming the gun and not the guy who pulled the trigger. Though you are right, at least to a degree, that governments don't care and more often than not just don't want to deal with the real causes of a problem

batang_bitcoin

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Quote from: X-ray on November 27, 2016, 02:30:26 AM

Quote from: mirakal on November 27, 2016, 02:16:40 AM

Even if they want, I think they can't. They are violating our freedom if they do that, they can regulate some transactions involving bitcoin but not the entire system of bitcoin, they can't change it from being decentralized to centralized.

you're wrong if you talking about your freedom to government. they don't give a shit to that thing it's was for the sake of country's goodness and involving many people. an individual rights will not matter anymore. and it's true if they can't rule and regulate the whole system of bitcoin. they can't and will never be

That's why they will just make rules and regulation for the usage of bitcoin and not the entire bitcoin system. And that's were we will be taxed or something regulated and governed by the government. If that is already implemented then even if don't want it, we don't have choice but to follow what they are implementing, just think that we are helping them.

Xester

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Quote from: dothebeats on November 20, 2016, 03:01:25 PM

I see that the main concern of the governments is to tax bitcoin and try to find a way to get a hold of it or at least get the least bit of authority or control over it. So as I see it, any gains made with bitcoin would be considered as a capital gain, which would then be subject to be taxable. Also, if the government goes batshit crazy, they would ask you to sign up your name at a single bitcoin address so that you won't be able to evade taxes that they impose.

There are two sides of the coin. It may have an advantage and disadvantage. If government creates policies regulating the use of bitcoin and taxing it is not a bad idea but countries banning the usage is very bad to bitcoins.
So regulations and tax on bitcoin may also be advantageous to bitcoin since many more people are going to patronize it. Scammers and hackers will be lessened and our bitcoins may be safer that will attract more users.

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Quote from: mirakal on November 27, 2016, 02:16:40 AM

Even if they want, I think they can't. They are violating our freedom if they do that, they can regulate some transactions involving bitcoin but not the entire system of bitcoin, they can't change it from being decentralized to centralized.

you're wrong if you talking about your freedom to government. they don't give a shit to that thing it's was for the sake of country's goodness and involving many people. an individual rights will not matter anymore. and it's true if they can't rule and regulate the whole system of bitcoin. they can't and will never be

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Quote from: usefrees on November 26, 2016, 02:02:06 PM

Quote from: equator on November 26, 2016, 11:42:11 AM

Quote from: Mastsetad on November 26, 2016, 11:15:50 AM

Quote from: DRaGoN RaNTaRo on November 25, 2016, 06:57:03 PM

if the government could control the exchanges then they will have control over the bitcoin and it is as simply as that,they could make a law to regulate the digital exchanges and voila now everything is under the watchful government eyes, anything and everything is possible

Controlling exchanges is totally a different thing, just by having control on exchanges they cannot control bitcoin. Do you think that owners of all the exchanges out there has control on bitcoin? Ofcourse not, they just have control on the bitcoins they have but they don't have control on the bitcoin network which is the main thing.

Ya it is true that controlling exchanges is different from controlling Bitcoin technology, but government can track all the records of the users who ever uses the regulated exchanges which is good and bad both ways

the government has a lot of opportunities. And if they want to be able to control it all. Including Bitcoin course. So I do not want the government to interfere in cryptocurrency

Even if they want, I think they can't. They are violating our freedom if they do that, they can regulate some transactions involving bitcoin but not the entire system of bitcoin, they can't change it from being decentralized to centralized.

usefrees

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Quote from: equator on November 26, 2016, 11:42:11 AM

Quote from: Mastsetad on November 26, 2016, 11:15:50 AM

Quote from: DRaGoN RaNTaRo on November 25, 2016, 06:57:03 PM

if the government could control the exchanges then they will have control over the bitcoin and it is as simply as that,they could make a law to regulate the digital exchanges and voila now everything is under the watchful government eyes, anything and everything is possible

Controlling exchanges is totally a different thing, just by having control on exchanges they cannot control bitcoin. Do you think that owners of all the exchanges out there has control on bitcoin? Ofcourse not, they just have control on the bitcoins they have but they don't have control on the bitcoin network which is the main thing.

Ya it is true that controlling exchanges is different from controlling Bitcoin technology, but government can track all the records of the users who ever uses the regulated exchanges which is good and bad both ways

the government has a lot of opportunities. And if they want to be able to control it all. Including Bitcoin course. So I do not want the government to interfere in cryptocurrency

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Quote from: Mastsetad on November 26, 2016, 11:15:50 AM

Quote from: DRaGoN RaNTaRo on November 25, 2016, 06:57:03 PM

if the government could control the exchanges then they will have control over the bitcoin and it is as simply as that,they could make a law to regulate the digital exchanges and voila now everything is under the watchful government eyes, anything and everything is possible

Controlling exchanges is totally a different thing, just by having control on exchanges they cannot control bitcoin. Do you think that owners of all the exchanges out there has control on bitcoin? Ofcourse not, they just have control on the bitcoins they have but they don't have control on the bitcoin network which is the main thing.

Ya it is true that controlling exchanges is different from controlling Bitcoin technology, but government can track all the records of the users who ever uses the regulated exchanges which is good and bad both ways

Mastsetad

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Quote from: DRaGoN RaNTaRo on November 25, 2016, 06:57:03 PM

if the government could control the exchanges then they will have control over the bitcoin and it is as simply as that,they could make a law to regulate the digital exchanges and voila now everything is under the watchful government eyes, anything and everything is possible

Controlling exchanges is totally a different thing, just by having control on exchanges they cannot control bitcoin. Do you think that owners of all the exchanges out there has control on bitcoin? Ofcourse not, they just have control on the bitcoins they have but they don't have control on the bitcoin network which is the main thing.

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Quote from: DRaGoN RaNTaRo on November 25, 2016, 06:57:03 PM

Quote from: Shenzou on November 25, 2016, 02:46:26 PM

Even the amazing progress that bitcoin have done since its first appearance and the high price that has reached , governments will never agree on making it an international currency the reason for that is the bitcoin is something they can not control and it is not manged by a specific company or portion of the market and besides they will never agree on china becoming a very strong country since it dominates the bitcoin market

if the government could control the exchanges then they will have control over the bitcoin and it is as simply as that,they could make a law to regulate the digital exchanges and voila now everything is under the watchful government eyes, anything and everything is possible

They already control the exchanges albeit indirectly since they have KYC know your customer policies and the exchanges probably report all your earnings in their platform, so those that do not want to be monitored by the government need to avoid exchanges like the plague.

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Quote from: ErikSneijer on November 24, 2016, 05:04:07 PM

Maybe in the future this can happen but I do not think it will, we really need some patient and just hope on the best, most likely in the future there will be some!

Goverment will never impose taxes if they want to then they going to create an another blockchain where all the transaction are going to be made again so our fee's are going to be cut or minus and if this really happen in the future most of user are going to quit trading because of the taxes are apply.

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Quote from: Shenzou on November 25, 2016, 02:46:26 PM

Even the amazing progress that bitcoin have done since its first appearance and the high price that has reached , governments will never agree on making it an international currency the reason for that is the bitcoin is something they can not control and it is not manged by a specific company or portion of the market and besides they will never agree on china becoming a very strong country since it dominates the bitcoin market

In my opinion, governments can't really do much toward promoting (or demoting, for that matter) some arbitrary currency as an international currency. The US dollar has become an internationally recognized reserve currency not because the US government colluded with other governments to make it that (though they did in fact collude at the Bretton Woods conference in 1944). It became that because of the power and might of the US economy, in the first place, and not because of Bretton Woods. And if Bitcoin is set to achieve the world scale success, it won't be due to governments agreeing on making it an international currency. In other words, the power is not given, it is taken...

But what is certain, the governments won't be quite happy if Bitcoin actually gets to that level

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Quote from: Caladonian on November 25, 2016, 10:31:13 PM

Quote from: DRaGoN RaNTaRo on November 25, 2016, 06:57:03 PM

Quote from: Shenzou on November 25, 2016, 02:46:26 PM

Even the amazing progress that bitcoin have done since its first appearance and the high price that has reached , governments will never agree on making it an international currency the reason for that is the bitcoin is something they can not control and it is not manged by a specific company or portion of the market and besides they will never agree on china becoming a very strong country since it dominates the bitcoin market

if the government could control the exchanges then they will have control over the bitcoin and it is as simply as that,they could make a law to regulate the digital exchanges and voila now everything is under the watchful government eyes, anything and everything is possible

thats true if this can be done for sure government will make many changes inside crypto because exchange really played big
in terms on how the value will go,.

Maybe we have to define what is "control", I mean if the government will control then where's the decentralization. It should only be limited because bitcoin is just a currency and bitcoin should not be controlled but only those people who are not following the law must be controlled.

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Quote from: DRaGoN RaNTaRo on November 25, 2016, 06:57:03 PM

Quote from: Shenzou on November 25, 2016, 02:46:26 PM

Even the amazing progress that bitcoin have done since its first appearance and the high price that has reached , governments will never agree on making it an international currency the reason for that is the bitcoin is something they can not control and it is not manged by a specific company or portion of the market and besides they will never agree on china becoming a very strong country since it dominates the bitcoin market

if the government could control the exchanges then they will have control over the bitcoin and it is as simply as that,they could make a law to regulate the digital exchanges and voila now everything is under the watchful government eyes, anything and everything is possible

thats true if this can be done for sure government will make many changes inside crypto because exchange really played big
in terms on how the value will go,.

freedomgo

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Quote from: DRaGoN RaNTaRo on November 25, 2016, 06:57:03 PM

Quote from: Shenzou on November 25, 2016, 02:46:26 PM

Even the amazing progress that bitcoin have done since its first appearance and the high price that has reached , governments will never agree on making it an international currency the reason for that is the bitcoin is something they can not control and it is not manged by a specific company or portion of the market and besides they will never agree on china becoming a very strong country since it dominates the bitcoin market

if the government could control the exchanges then they will have control over the bitcoin and it is as simply as that,they could make a law to regulate the digital exchanges and voila now everything is under the watchful government eyes, anything and everything is possible

The only control they have is to let the exchange sites comply with the taxation law. They have income so they need to pay taxes.

DRaGoN RaNTaRo

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Quote from: Shenzou on November 25, 2016, 02:46:26 PM

Even the amazing progress that bitcoin have done since its first appearance and the high price that has reached , governments will never agree on making it an international currency the reason for that is the bitcoin is something they can not control and it is not manged by a specific company or portion of the market and besides they will never agree on china becoming a very strong country since it dominates the bitcoin market

if the government could control the exchanges then they will have control over the bitcoin and it is as simply as that,they could make a law to regulate the digital exchanges and voila now everything is under the watchful government eyes, anything and everything is possible

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