possible government regulations? - page 9.

tee-rex

hero member

Activity: 742

Merit: 526

Quote from: BTCLovingDude on November 08, 2016, 07:46:06 AM

Quote from: carlfebz2 on November 08, 2016, 07:06:49 AM

Quote from: chineseprancing on November 08, 2016, 06:59:42 AM

In my opinion i do not like bitcoin to be under by government because i cannot enjoy the small transaction fees and also the posibility to make the price stable to limit the users profits/income.

Don't worry pal, it wont happen anytime soon that government would able to control bitcoin hence as we all know bitcoin cant be controlled by anybody because its a decentralized digital currency no matter what they do they cant impose taxes on it which means these assumptions are imposibble to happen though, if its implemented I think would really takes time because there are lots of things to consider first before this regulations would be effective.

regulation =/= controlling bitcoin
of course they can not control bitcoin, bitcoin is decentralized and peer to peer. but they can control the businesses though. and also they can control the customers.

This is semantics. Basically, regulation is a light version of control. Regulate Bitcoin to the limit, and it will be of no interest to most of the players. The Wild Wild West is what seems to attract people to Bitcoin. Anyways, people will simply switch to something else which is not yet regulated.

Quote from: BTCLovingDude on November 08, 2016, 07:46:06 AM

besides i don't know why everybody is so afraid or even against regulations. aren't we all paying taxes right now when we purchase stuff from a supermarket for example or pay the bills?
the only difference would be the fact that your supermarket may feel safer in accepting bitcoin if it is regulated.

Once they start "regulating" Bitcoin, they won't stop until they kill it.

Zadicar

legendary

Activity: 1386

Merit: 1020

DGbet.fun - Crypto Sportsbook

Quote from: BTCLovingDude on November 08, 2016, 07:46:06 AM

Quote from: carlfebz2 on November 08, 2016, 07:06:49 AM

Quote from: chineseprancing on November 08, 2016, 06:59:42 AM

In my opinion i do not like bitcoin to be under by government because i cannot enjoy the small transaction fees and also the posibility to make the price stable to limit the users profits/income.

Don't worry pal, it wont happen anytime soon that government would able to control bitcoin hence as we all know bitcoin cant be controlled by anybody because its a decentralized digital currency no matter what they do they cant impose taxes on it which means these assumptions are imposibble to happen though, if its implemented I think would really takes time because there are lots of things to consider first before this regulations would be effective.

regulation =/= controlling bitcoin
of course they can not control bitcoin, bitcoin is decentralized and peer to peer. but they can control the businesses though. and also they can control the customers.

besides i don't know why everybody is so afraid or even against regulations. aren't we all paying taxes right now when we purchase stuff from a supermarket for example or pay the bills?
the only difference would be the fact that your supermarket may feel safer in accepting bitcoin if it is regulated.

I agree with you, regulation and controlling bitcoin is not the same or equal but if government would able to imose tax on it , like on businesses and its users then its likely they have the control of it even though they dont have access on the whole system of bitcoin as long they are getting taxes from users and businesses. Its just like that.

bitkilo

legendary

Activity: 1638

Merit: 1010

https://www.bitcoin.com/

Quote from: South Park on November 08, 2016, 04:56:39 PM

Quote from: clickerz on November 06, 2016, 05:22:35 AM

The possibility is always there and we can not ignore it. Government regulations,whatever the purpose I think it is to protect the users. Whether they after for taxes,a fee or any charges it is a government duties to implement they think what is good to the industry. Of course it will have resistance from users

Mistake, governments regulation for bitcoin will not have the people best interest on mind, they will be about control, about protecting their own interest and those that are in the governments bed.

Very well put, governments rarely have the peoples best interest at heart when passing regulations, its all about control for them.

madwica

hero member

Activity: 714

Merit: 531

Quote from: X-ray on November 08, 2016, 05:02:49 PM

Quote from: South Park on November 08, 2016, 04:56:39 PM

Quote from: clickerz on November 06, 2016, 05:22:35 AM

The possibility is always there and we can not ignore it. Government regulations,whatever the purpose I think it is to protect the users. Whether they after for taxes,a fee or any charges it is a government duties to implement they think what is good to the industry. Of course it will have resistance from users

Mistake, governments regulation for bitcoin will not have the people best interest on mind, they will be about control, about protecting their own interest and those that are in the governments bed.

the government's regulations will either making them profit by taxing people and also giving a protection to the people they were taxing,if the government just taxing people and don't wanna protect them if some criminality case happening then they will complainining to the government hardly

Correct and i think there are more investor will stop to invest because the taxed to be imposed of the government and also they will limit the price increase of the bitcoin even the price in the markets was too high.

X-ray

hero member

Activity: 3038

Merit: 526

Leading Crypto Sports Betting & Casino Platform

Quote from: South Park on November 08, 2016, 04:56:39 PM

Quote from: clickerz on November 06, 2016, 05:22:35 AM

The possibility is always there and we can not ignore it. Government regulations,whatever the purpose I think it is to protect the users. Whether they after for taxes,a fee or any charges it is a government duties to implement they think what is good to the industry. Of course it will have resistance from users

Mistake, governments regulation for bitcoin will not have the people best interest on mind, they will be about control, about protecting their own interest and those that are in the governments bed.

the government's regulations will either making them profit by taxing people and also giving a protection to the people they were taxing,if the government just taxing people and don't wanna protect them if some criminality case happening then they will complainining to the government hardly

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: clickerz on November 06, 2016, 05:22:35 AM

The possibility is always there and we can not ignore it. Government regulations,whatever the purpose I think it is to protect the users. Whether they after for taxes,a fee or any charges it is a government duties to implement they think what is good to the industry. Of course it will have resistance from users

Mistake, governments regulation for bitcoin will not have the people best interest on mind, they will be about control, about protecting their own interest and those that are in the governments bed.

tee-rex

hero member

Activity: 742

Merit: 526

Quote from: amacar2 on November 04, 2016, 09:54:15 AM

There is possibility like few of the american, european and even china may implement limiation on bitcoin trading however government can't just stop all the bitcoin transactions in their country. So even there may be limitation in trading volume through legal exchanger people will keep on buying selling with face to face deal in local level which can't be regulated for sure.

Such limitations are usually not very effective against entirely online businesses like Bitcoin exchanges. Just like wealth in case of calamity runs into safe havens, online businesses will run into tax havens and other safe places where the offensive government will not reach them. Governments will have to regulate the whole Internet, but it is already beyond their range of control for the most part, and such attempts will only make it even more persistent to them.

The Kraken has been released.

Doamader

hero member

Activity: 756

Merit: 501

Quote from: danherbias07 on November 08, 2016, 05:59:17 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 they will try to take it the website wallet owners. Trying to make them get some more information about the user that will register to their website to use their wallet or those who are old user updating their information.
We lost the privacy there which some of us dont like.

If they just request some informations from us it will change a lot the current bitcoin support, i do believe we do like our privacy, and we dont wanna to share it with others, soo i believe if government make that demand we will swicht into another altcoin that allow us keep anonymous.

mirakal

legendary

Activity: 3108

Merit: 1290

Leading Crypto Sports Betting & Casino Platform

Quote from: Wandering Soul~ on November 08, 2016, 07:42:43 AM

Quote from: danherbias07 on November 08, 2016, 05:59:17 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 they will try to take it the website wallet owners. Trying to make them get some more information about the user that will register to their website to use their wallet or those who are old user updating their information.
We lost the privacy there which some of us dont like.

Other than regulating the bitcoin, Verifying your wallet account by submitting some personal information will most likely to happen. An app here in my country that is widely known and I think I highly reputable are already doing this. You must verify your account before you can cash out and the number of bitcoins that you can store is limited.

You cannot expect the government will keep your information private, when it's regulated we will lose the privacy that we have in bitcoin and I guess it will defeat the purpose why bitcoin is created. We should not allow that to happen as the system in place is something we are patronizing for.

BTCLovingDude

legendary

Activity: 1134

Merit: 1010

BTC to the moon is inevitable...

Quote from: carlfebz2 on November 08, 2016, 07:06:49 AM

Quote from: chineseprancing on November 08, 2016, 06:59:42 AM

In my opinion i do not like bitcoin to be under by government because i cannot enjoy the small transaction fees and also the posibility to make the price stable to limit the users profits/income.

Don't worry pal, it wont happen anytime soon that government would able to control bitcoin hence as we all know bitcoin cant be controlled by anybody because its a decentralized digital currency no matter what they do they cant impose taxes on it which means these assumptions are imposibble to happen though, if its implemented I think would really takes time because there are lots of things to consider first before this regulations would be effective.

regulation =/= controlling bitcoin
of course they can not control bitcoin, bitcoin is decentralized and peer to peer. but they can control the businesses though. and also they can control the customers.

besides i don't know why everybody is so afraid or even against regulations. aren't we all paying taxes right now when we purchase stuff from a supermarket for example or pay the bills?
the only difference would be the fact that your supermarket may feel safer in accepting bitcoin if it is regulated.

Wandering Soul~

sr. member

Activity: 406

Merit: 250

Wolf

Quote from: danherbias07 on November 08, 2016, 05:59:17 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 they will try to take it the website wallet owners. Trying to make them get some more information about the user that will register to their website to use their wallet or those who are old user updating their information.
We lost the privacy there which some of us dont like.

Other than regulating the bitcoin, Verifying your wallet account by submitting some personal information will most likely to happen. An app here in my country that is widely known and I think I highly reputable are already doing this. You must verify your account before you can cash out and the number of bitcoins that you can store is limited.

carlfebz2

hero member

Activity: 2926

Merit: 722

DGbet.fun - Crypto Sportsbook

Quote from: chineseprancing on November 08, 2016, 06:59:42 AM

In my opinion i do not like bitcoin to be under by government because i cannot enjoy the small transaction fees and also the posibility to make the price stable to limit the users profits/income.

Don't worry pal, it wont happen anytime soon that government would able to control bitcoin hence as we all know bitcoin cant be controlled by anybody because its a decentralized digital currency no matter what they do they cant impose taxes on it which means these assumptions are imposibble to happen though, if its implemented I think would really takes time because there are lots of things to consider first before this regulations would be effective.

chineseprancing

hero member

Activity: 630

Merit: 500

In my opinion i do not like bitcoin to be under by government because i cannot enjoy the small transaction fees and also the posibility to make the price stable to limit the users profits/income.

clickerz

hero member

Activity: 1414

Merit: 505

Backed.Finance

Quote from: salmanahmedone on November 08, 2016, 04:15:12 AM

The reason for this being that banks does not want that bitcoin grow. Bitcoin by design and nature does not favor bank system as bank has so many rules and regulations. For me, i think bank has to make their system flexible which is more user friendly other bitcoin will just take over not only banks but also FIAT.

That is another possiblity if banks lobbied for it. As banks will be losing the market to bitcoin users.but they have also an option to have their own blockchain or integrate bitcoin in banks as another currency.

TastyChillySauce00

legendary

Activity: 3010

Merit: 1028

Leading Crypto Sports Betting & Casino Platform

Quote from: freedomgo on November 08, 2016, 04:02:10 AM

Quote from: cakravothy on November 08, 2016, 02:15:50 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?

very posible is goverment regulate bitcoin
and several country is ready regualte, china , japan is regulated bitcoin
in europe only wait volume transaction and user bitcoin is hign in there can same regulate bitcoin

Let us wait for that to happen, and I believe even if they try it's hard for them to regulate the entire system and we will never gonna change what is the original system of bitcoin. When it is regulated, we do not have the full freedom to perform what we want.

yeah you don't literally get the freedom,but it's fine as long you will not trying to do something illegal and really forbidden by the regulation or government's rule,if you keep being such a good citizens who always have a better life rather than trying to trick the government,your freedom will not decreasing

danherbias07

legendary

Activity: 3262

Merit: 1130

Leading Crypto Sports Betting & Casino Platform

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 they will try to take it the website wallet owners. Trying to make them get some more information about the user that will register to their website to use their wallet or those who are old user updating their information.
We lost the privacy there which some of us dont like.

salmanahmedone

hero member

Activity: 602

Merit: 500

Quote from: thejaytiesto on November 07, 2016, 12:38:45 PM

THe regulations will go anywhere from confiscation of bank account linked to bitcoin activity to jail time. We will eventually be under heavy attack by governments, they will not let bitcoin develop like its nothing.

The reason for this being that banks does not want that bitcoin grow. Bitcoin by design and nature does not favor bank system as bank has so many rules and regulations. For me, i think bank has to make their system flexible which is more user friendly other bitcoin will just take over not only banks but also FIAT.

freedomgo

legendary

Activity: 3248

Merit: 1160

Playbet.io - Crypto Casino and Sportsbook

Quote from: cakravothy on November 08, 2016, 02:15:50 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?

very posible is goverment regulate bitcoin
and several country is ready regualte, china , japan is regulated bitcoin
in europe only wait volume transaction and user bitcoin is hign in there can same regulate bitcoin

Let us wait for that to happen, and I believe even if they try it's hard for them to regulate the entire system and we will never gonna change what is the original system of bitcoin. When it is regulated, we do not have the full freedom to perform what we want.

cakravothy

hero member

Activity: 868

Merit: 501

Chainjoes.com

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?

very posible is goverment regulate bitcoin
and several country is ready regualte, china , japan is regulated bitcoin
in europe only wait volume transaction and user bitcoin is hign in there can same regulate bitcoin

arseaboy

hero member

Activity: 644

Merit: 500

Quote from: thejaytiesto on November 07, 2016, 12:38:45 PM

THe regulations will go anywhere from confiscation of bank account linked to bitcoin activity to jail time. We will eventually be under heavy attack by governments, they will not let bitcoin develop like its nothing.

It will be a chaos for us if this will happen. Setting boundaries and additional memorandun in bitcoin community will be hard for us to adopt. Freedom in bitcoin will be like hell and I'm really hoping that this will not happen even in the future because there's nothing we could do about it.

Topic: possible government regulations? - page 9. (Read 9444 times)