Topic: Regulating Bitcoin - page 14. (Read 4637 times)
I do not think bitcoins need to issue specific rules in their use, but regulations need to be used on Ico projects that will form new coins, to reduce fake Ico projects.
Most people like bitcoin because it is not regulated. I think if its gonna be regulated some people will luck interest and the price will surely going down. Government will then add taxes.... and so on. If this is gonna be regulated people/government can track transaction from each bitcoin owner and its gonna be safer but it lesser price conversation in fiat.
I don't think so that they won't like bitcoin at all if it is regulated, in fact in our country many people would like to join trading or any investments as long as it is law regulated, as of the moment it is not yet endorsed by the government so the people thinks bitcoin is a scam but still a lot is taking risk for it because they have seen the potential in bitcoin. Most people like bitcoin because it is not regulated. I think if its gonna be regulated some people will luck interest and the price will surely going down. Government will then add taxes.... and so on. If this is gonna be regulated people/government can track transaction from each bitcoin owner and its gonna be safer but it lesser price conversation in fiat.
Honestly, I don't think there are many such people. The majority of people like profits much more than they don't like regulations. So, unless there are regulations in place which are actually to prohibit bitcoin use, people will continue using it. Even so, many would still choose to ignore such regulations completely, no matter how hard or punitive they might be.
The law can be made to work with bitcoin. Most likely there will be problems with its free regulation, but it will be possible after 5-10 years.
Most people like bitcoin because it is not regulated. I think if its gonna be regulated some people will luck interest and the price will surely going down. Government will then add taxes.... and so on. If this is gonna be regulated people/government can track transaction from each bitcoin owner and its gonna be safer but it lesser price conversation in fiat.
Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?
Criticized mean nothing, action is something.
No matter who criticized cryptocurrency, government should regulate cryptocurrency, or at least regulate exchange and crypto-based business.
After Japan legalized bitcoin as legal payment, and its price continue to rise, more countries planned to regulate cryptocurrency.
They can't avoid this market, which has been growing and reach over $198 Billions dollars, it's too big to not notice it. Soon or later, every country will issue new regulations regarding cryptocurrency.
United states of America have a separate setup for the sake of regulatory authority known as WASHINGTON STATES DFI that considers the use of virtual assets as money transmission under the set of the own policies.
If bitcoin will be regulated, it's no longer decentralized since this coin has been as a decentralized cryptocurrency but if the government starts to step in. It will remain decentralized but as a currency, it will no longer portray what it used to be. And it's hard to determine if transactions on bitcoin are being used to commit such crimes, they are really hard of doing it so. Others like to see this happening but it will be unlikely before on where we are now.
Bringing in regulation from a government does not mean that it will be centralized,the network will always be decentralized and the only thing a government can do is to regulate the flow of money to and from bitcoin and this is a free world and there are many options to over come these hurdles,so it is not an issue. 
If bitcoin will be regulated, it's no longer decentralized
Regulations affect businesses and to a certain indirectly people as well, but that doesn't mean Bitcoin loses its decentralization aspect. If we look at what an important effect of these regulations is, then it's obviously the exchanges that are forcing people to verify themselves with personal information and a scan of their ID, utility bills, etc. It's not for nothing that exchanges like Poloniex and recently Bittrex are going through a massive load of complaints about frozen accounts and such. Essentially, nothing really changes since every service you use makes you dependent on a central authority anyway. If you want to remain operating fully in a decentralized manner, then don't make use of any third party service.
Bitcoin has a lot of users who had been benefitted thru the years of its existence. I am sure that just like me, all of us aims to have bitcoin become better and become official and one thing to make it is to have a regulating body for it. They will be the one to make official general terms and conditions on bitcoin aside from the rules given campaign managers. These regulators may possibly come from us who have concern towards this community.
Regulation of bitcoin amongst different members of society is really a great idea. This is the only way of making people more aware about this concept of crypto currency. In addition to this, regulating bitcoin will also help number of people to get a healthy amount of earning and that too in short interval of time. You only need to believe in this thing that bitcoin is the best thing to use and invest your money.I guess that regulation is not the way of people to be aware about crypto currency. There can be more ways to do it mate like spreading and sharing it through social medias and providing programs such bitcoin related training. Imposing any regulations for bitcoin might lessens our freedom to this currency and might caused bitcoin to be taxed by the government which I think not appropriate because this is a decentralized currency. If people wanted to invest their money to bitcoin, then its their passion and no one forces them.
I think it needs to be done to regulate Bitcoin because this currency is very freely used by many people for crime. But just for the use, but if regulating the Bitcoin price I refuse.
If bitcoin will be regulated, it's no longer decentralized since this coin has been as a decentralized cryptocurrency but if the government starts to step in. It will remain decentralized but as a currency, it will no longer portray what it used to be. And it's hard to determine if transactions on bitcoin are being used to commit such crimes, they are really hard of doing it so. Others like to see this happening but it will be unlikely before on where we are now.
Bitcoin is decentralized and as such, it is hard to regulate. All government in this world want ultimate control over everything that is in their power of dominance and BTC is that only thing that cant be controlled. It can bypass taxes and its unpredictability is government nightmare. Maybe someday it will be implemented in regular standards of specific states but for now, we must enjoy the way it is - decentralized currency providing solutions to our problems.
Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?
In my view, direct regulation of Bitcoin and other virtual currencies is next to impossible simply because such regulation would most likely lead to a destruction of the regulated currency. Nevertheless, this doesn't mean that they can't be regulated via other nondirect, circumferential ways. For example, controlling fiat gateways is one such way because most people would want to cash out at least some part of their Bitcoin holdings at the end of the day. And this is where the government could and would interfere.
I think many countries, right now, are trying to put their own regulations on the use of bitcoin. Others are even planning on putting taxes on them because they appraised that bitcoin would be a big hit in the market in the coming years, therefore, it can add a big revenue to the country through taxes. However, nowadays, since its recognition is only on the rise, many countries are not totally aggressive on making laws to regulate it.
Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?
yes i know that currency has been widely criticized because of lack id regulation but we know that bitcoin is that type of currency which people like and invest daily and if we see people all over the world invest in bitcoin only because bitcoin is full of benefits.I think many countries, right now, are trying to put their own regulations on the use of bitcoin. Others are even planning on putting taxes on them because they appraised that bitcoin would be a big hit in the market in the coming years, therefore, it can add a big revenue to the country through taxes. However, nowadays, since its recognition is only on the rise, many countries are not totally aggressive on making laws to regulate it.
Regulating Bitcoin are the all are using own regulations only in the bitcoin because type of currency people like to invest daily manner and people also all invest in the bitcoin only so this are the regulation.
Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?
yes i know that currency has been widely criticized because of lack id regulation but we know that bitcoin is that type of currency which people like and invest daily and if we see people all over the world invest in bitcoin only because bitcoin is full of benefits.I think many countries, right now, are trying to put their own regulations on the use of bitcoin. Others are even planning on putting taxes on them because they appraised that bitcoin would be a big hit in the market in the coming years, therefore, it can add a big revenue to the country through taxes. However, nowadays, since its recognition is only on the rise, many countries are not totally aggressive on making laws to regulate it.
Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?
Regulation is possible but the more regulations there are, the less decentralized Bitcoin becomes. One of the fundamental benefits of Bitcoin is that it is independent of banks and government control.
I understand that governments want to be able to collect taxes on profits, but if regulations go further than that, it will weaken Bitcoin. The same is true for all cryptocurrencies that are decentralized.
Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?
Regulation is possible but the more regulations there are, the less decentralized Bitcoin becomes. One of the fundamental benefits of Bitcoin is that it is independent of banks and government control.
I understand that governments want to be able to collect taxes on profits, but if regulations go further than that, it will weaken Bitcoin. The same is true for all cryptocurrencies that are decentralized.
Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?
They can try but at the end it is not going to be possible since they cannot enforce their rules they will need the cooperation from the users of bitcoin and that means that governments lose one of the greatest powers they have the power of coercion the power to make you do something you do not want, and if people decide to keep their bitcoin and not tell anyone there is nothing they can do against that person.
The existence of bitcoins brings everybody in confusions because lack of regulations, Even though there are lot of critics who' were executing pro's and con's in the field of cryptocurrency. Did they stop the development of virtual currency? Hahahaha. I think they won't. Because everybody are benefited, What it's for? People see value for money, free from government control and the fee's bank charge. Its time to get free. This is the essence of freedom:)
Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?
Regulating will give more strength and power to bitcoin that’s what I believe because the users will be increase in a short time and same investors and daily traders will also increase and the good thing will be bitcoin will start to use anywhere with fast transitions and I think that will be good if countries make bitcoin regulate in their countries.The exchanges would start becoming just like another bank, but that does not mean that direct P2P transactions would be controlled.
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