Power to the people - page 2. | Bitcointalksearch.org

isaac_clarke22

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Quote from: Silberman on June 17, 2022, 04:09:13 PM

~

I see that notice quite a lot when I was passing by some remittance centers (also count money laundering for that). It is just a typical regulation of government for their people.
I use wallets that require KYC and still to this day, it annoys me even if I am verified because they just keep bugging me that I need to update my ID or all those kinds of verification that they require.
One day I might end up just doing p2p instead.

Silberman

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Quote from: isaac_clarke22 on June 14, 2022, 06:14:29 PM

Quote from: ije07 on June 12, 2022, 03:29:52 PM

That's why I prefer the power given by Bitcoin because everything runs from a large community and market capitalists in Bitcoin continue to grow and investment in Bitcoin is still quite safe even without current strict regulations, but regulation of crypto is also very important because with the existence of With these regulations, we can invest in altcoin projects comfortably because the project is already regulated by regulations but until now the development of regulations has not been made by the SEC so that market conditions are still sluggish because they are still waiting for a decision to be given.

KYC is quite an annoying of a policy to be honest (sorry for the word). Being underneath something that is regulated does not even guarantee security since surely every regulated exchanges is still being maintained by either an amateur programmer or the opposite ones making it quite hard for someone to know if their money is safe or not.

Without a doubt KYC is a complete pain, governments use the excuse of terrorism or tax avoidance to force every single institution to force you to go through KYC policies, but that is a lie, they want to see how far they can push people around so their control over them is bigger and bigger, and unfortunately most people do not realize this and the few that do think that since they have nothing to hide then everything is fine, not realizing that whatever privacy they give up today it will never be returned by the governments.

batou

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Actually you need to study the complete history of the cryptocurrency.Cryptocurrency had the investors all over the world,it mean you can sell the coin.Even if the coin is banned in your country,because you can exchange to USD in any exchange and then to your Fiat at the needed time.Even now the project power was in the traders,specially the decentralised cryptocurrency.When the power with the traders,you can hold for longer period for the profit.

bitcrystal

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Regulation is already with us because we have several developments for exchanges to mandate kyc for all users, also project owners doing kyc to prove confidence and make dealings transparent is okay as well. decentralization needs to still be maintained and freedom as well. if crypto loses these two then its no more in line with what it used to be. so much work still needs to be done. for now everyone still has his/her power with them to choose and do whatever they feel like doing.

jossiel

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That's the job of the government to regulate things and protect its people. That's why they're telling not to invest to unregistered investments and as well as cryptocurrencies.

They know that it's a mess for them if they don't do their job as they're part of the country's authority to help and educate the people about such investments.

And we as investors on this space, we should take accountability for our actions if our choices fail or we lose.

isaac_clarke22

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Quote from: ije07 on June 12, 2022, 03:29:52 PM

That's why I prefer the power given by Bitcoin because everything runs from a large community and market capitalists in Bitcoin continue to grow and investment in Bitcoin is still quite safe even without current strict regulations, but regulation of crypto is also very important because with the existence of With these regulations, we can invest in altcoin projects comfortably because the project is already regulated by regulations but until now the development of regulations has not been made by the SEC so that market conditions are still sluggish because they are still waiting for a decision to be given.

KYC is quite an annoying of a policy to be honest (sorry for the word). Being underneath something that is regulated does not even guarantee security since surely every regulated exchanges is still being maintained by either an amateur programmer or the opposite ones making it quite hard for someone to know if their money is safe or not.

Sanitough

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Quote from: CryptoATM on June 10, 2022, 02:31:34 AM

When regulation comes many will feel safer with regulated crypto projects but BTC for example cant be regulated because the founder cant be found, he (Nakamoto) saw this coming all along so what's going to happen? I believe the power to choose which project to invest in will be given to the people. The warning from the government will be ' do not invest in unregulated projects '.

Just expect that the government will never support you as long as projects remain to be decentralized and unregulated. Its always a threat for them. However, if you are focused and more determined to get successful with bitcoin, then never rely on others or any group for permission. The power is in you. You know how risky the crypto market is, but if you always invest in potential projects and in those that have high utility cases, the community's demand will always be there. And that makes the project, regardless if its decentralized, will always have higher chances to succeed.

The Cryptovator

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Decentralization and regulation are conflicts with each other. Bitcoin is true Decentralization and it won't control by anyone. If the government wants to regulate, it may regulate centralized exchanges and wallets. This is something that should consider as crypto regulations. Otherwise, I don't see how the government will control non-custodial wallet transactions. It's not possible to find the address owner from the non-custodial wallet.

Silberman

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Quote from: ?? on ??

Quote from: CryptoATM on June 10, 2022, 02:31:34 AM

When regulation comes many will feel safer with regulated crypto projects but BTC for example cant be regulated because the founder cant be found, he (Nakamoto) saw this coming all along so what's going to happen? I believe the power to choose which project to invest in will be given to the people. The warning from the government will be ' do not invest in unregulated projects '.

Bitcoin itself is Decentralized but already find a way on regulating by targeting the exchange which the user use to trader there Bitcoin. Bitcoin is regulated technically in the US and other country that already have a law about regulating it. SEC will never control scam and other shady activity in Bitcoin since no one can predict on when it can happened. The only thing SEC can do is to sue them right after they commit the crime so we are still responsible for our own safety.

Bitcoin is decentralized as a away to avoid points of failure, as there were attempts in the past to create an independent currency from fiat and the governments eventually killed them and send the creators to jail, as such it is natural that governments concentrate on centralized exchanges as they are a huge point of failure for bitcoin, however now we have decentralized exchanges and even if they were to fail we have peer to peer trading, which is more than enough for those that want to buy small amounts of bitcoin.

lizarder

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Quote from: ije07 on June 12, 2022, 03:29:52 PM

That's why I prefer the power given by Bitcoin because everything runs from a large community and market capitalists in Bitcoin continue to grow and investment in Bitcoin is still quite safe even without current strict regulations, but regulation of crypto is also very important because with the existence of With these regulations, we can invest in altcoin projects comfortably because the project is already regulated by regulations but until now the development of regulations has not been made by the SEC so that market conditions are still sluggish because they are still waiting for a decision to be given.

To make regulations, there are many things that need to be considered, it will be increasingly difficult for large investors to grow investments here, because if these regulations are implemented, then financial freedom will be severely restricted, bitcoin experienced many problems at the beginning, but in the end bitcoin was able to reached the highest price compared to other coins, maybe if the regulation started a long time ago, then bitcoin is not as valuable as it is now, what are the advantages and disadvantages if the regulation is implemented

fuer44

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Quote from: CryptoATM on June 10, 2022, 02:31:34 AM

When regulation comes many will feel safer with regulated crypto projects but BTC for example cant be regulated because the founder cant be found, he (Nakamoto) saw this coming all along so what's going to happen? I believe the power to choose which project to invest in will be given to the people. The warning from the government will be ' do not invest in unregulated projects '.

that's true and definitely on every exchange it is also written "all risks are borne by you" which means if we have entered the crypto world and then decided to put funds there be it for long-term investment or trading, all risk of loss or developer suddenly disappears 9 (not found) then we bear the risk ourselves, the government does not have any authority for that.

ije07

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That's why I prefer the power given by Bitcoin because everything runs from a large community and market capitalists in Bitcoin continue to grow and investment in Bitcoin is still quite safe even without current strict regulations, but regulation of crypto is also very important because with the existence of With these regulations, we can invest in altcoin projects comfortably because the project is already regulated by regulations but until now the development of regulations has not been made by the SEC so that market conditions are still sluggish because they are still waiting for a decision to be given.

virasisog

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Quote from: Moeda on June 12, 2022, 12:59:34 PM

Quote from: CryptoATM on June 10, 2022, 02:31:34 AM

When regulation comes many will feel safer with regulated crypto projects but BTC for example cant be regulated because the founder cant is found, he (Nakamoto) saw this coming all along so what's going to happen? I believe the power to choose which project to invest in will be given to the people. The warning from the government will be ' do not invest in unregulated projects '.

Bitcoin is one of the projects that was developed and succeeded without being regulated by anyone. We can say that the first digital currency trial was Bitcoin, and the test was successful. Then another crypto is developed, say Ethereum. All of these developers are well known even though the concept is decentralized. However, the Bitcoin concept is more adopted without promotion from the developer. If the government regulates new projects, of course, the concept is centralized, then it is likely that the project will have problems at any time.

Bitcoin and Ethereum have reached lots of achievements through the years without the help of the government so we don't need them to regulate good coins because that will only hinder our freedom. We'll only lose the sense of decentralization if that happens. As long as we're holding or investing with coins with great developers, we shouldn't feel bothered. If the government will regulate crypto, it will only cause conflict for lots of investors.

Jody.Drummer

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Quote from: CryptoATM on June 10, 2022, 02:31:34 AM

When regulation comes many will feel safer with regulated crypto projects but BTC for example cant be regulated because the founder cant be found, he (Nakamoto) saw this coming all along so what's going to happen? I believe the power to choose which project to invest in will be given to the people. The warning from the government will be ' do not invest in unregulated projects '.

Who cares about regulations or government prohibitions to comply with these rules? We have the right to freedom in determining economic development. Even though it's under government regulation, the fact is Bitcoin can't be turned down just because it's banned. Bitcoin is not dictated to comply with government regulations, but Bitcoin can adjust when governments give a share of a country's financial changes if they wish.

Ludmilla_rose1995

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Quote from: CryptoATM on June 10, 2022, 02:31:34 AM

When regulation comes many will feel safer with regulated crypto projects but BTC for example cant be regulated because the founder cant be found, he (Nakamoto) saw this coming all along so what's going to happen? I believe the power to choose which project to invest in will be given to the people. The warning from the government will be ' do not invest in unregulated projects '.

what makes a lot of altcoins weak? that's because the owner is known so intervention from the government can easily affect the token/coin. for example, if strict rules are applied to binance and ethereum then I guarantee the price of both will drop but bitcoin is different, the government can't interfere with that. decentralization is amazing.

Untomabur

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Quote from: CryptoATM on June 10, 2022, 02:31:34 AM

When regulation comes many will feel safer with regulated crypto projects but BTC for example cant be regulated because the founder cant be found, he (Nakamoto) saw this coming all along so what's going to happen? I believe the power to choose which project to invest in will be given to the people. The warning from the government will be ' do not invest in unregulated projects '.

regulation is not to regulate price volatility, but rather to regulate the existing rules,
because the crime rate in the crypto world is much higher than what you know,
such as money laundering, terrorism, etc., so that's the importance of regulation

Moeda

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Quote from: CryptoATM on June 10, 2022, 02:31:34 AM

When regulation comes many will feel safer with regulated crypto projects but BTC for example cant be regulated because the founder cant be found, he (Nakamoto) saw this coming all along so what's going to happen? I believe the power to choose which project to invest in will be given to the people. The warning from the government will be ' do not invest in unregulated projects '.

Bitcoin is one of the projects that was developed and succeeded without being regulated by anyone. We can say that the first digital currency trial was Bitcoin, and the test was successful. Then another crypto is developed, say Ethereum. All of these developers are well known even though the concept is decentralized. However, the Bitcoin concept is more adopted without promotion from the developer. If the government regulates new projects, of course the concept is centralized, then it is likely that the project will have problems at any time.

fuguebtc

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Quote from: Jawhead999 on June 12, 2022, 03:35:58 AM

Quote from: hashrateproducts on June 11, 2022, 02:47:50 PM

Not all coins are altcoins, some are just scammed token in the market. One should only go for coins that are already listed on exchanges like Binance, Kucoin

There are many coins who have been listed on top exchanges and turn become scam coin e.g. DEFI, NFT, LUNA, UST etc and those token got unlisted by top exchanges. There's no guarantee all altcoins are safe if they have been listed on top exchanges.

Nothing is completely safe in the crypto market including bitcoin, investing in altcoins listed on top exchanges helps us to minimize risk as much as possible. Not all projects are listed on famous exchanges like binance, all have been carefully screened and selected. So buying coins on these exchanges will help us get rid of some shitcoins. Crypto is very risky, so when accepting investments, you also have to accept the risk.

vv181

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Quote from: Cryptomiles1 on June 12, 2022, 04:13:02 AM

I still appreciate Satoshi for remaining anonymous if not Government would have done their worst by enforcing to regulates Bitcoin.~

Even if Satoshi are still actively developing or known to the public, it doesn't mean that any authority could enforce whatever they want on the Bitcoin. Well, of course, they can force directly on the person or entity and the developers, but in the end, it's up to us--the community, especially those who are running Bitcoin nodes. For example, just because governments want to enforce POS on Bitcoin, and if they are forking the bitcoin codebase to do so, the government cannot force each individual to run that specific software.

Cryptomiles1

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I still appreciate Satoshi for remaining anonymous if not Government would have done their worst by enforcing to regulates Bitcoin. If looking for a project it's better you stay cling to Bitcoin before any other crypto asset out there as i know it won't be affected nor being regulated unlike on the cryptocurrencies which Government is try to have access by controlling them.

Topic: Power to the people - page 2. (Read 495 times)