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. 
Topic: Regulating Bitcoin - page 15. (Read 4637 times)
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.
well regulations were needed just to filtered the launches of ico for it became too in demand that sone are launched just to scam people, regulation to minimize fees , but it might result also for additional taxes or worse banning when government didn't finds a way to benefit on it.
Well imho it is possible to make people registrate their BTC adresses (or create a national wallet that will send all data to the governmental database) so the government could have controll over the user's spendings. But this case is even worse than using bank cards because everyone will be able to see every single spending of a current person. Seems like a small part of the totalletaristic dream.
For the best of the crypto it is very important and the value of the bitcoin is now increasing and I hope this is the best time how fast the bitcoin price and the value increasing I hope it is the time to hoped the bitcoin and to increase the value and the price of the bitcoin to the high interest and this will be the best for the people who are afraid of the lose and they are not ready to take the risk. 
Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?
I don't think so because Bitcoin itself cannot be regulated. Only exchanges can be regulated not Bitcoin. Bitcoin cannot be stopped by a government nor powerful entities because as what Bill Gates said, Bitcoin is unstoppable. Regulation of exchanges by government institution like central bank has positive advantages for us because our funds are safe and if ever something would happen to a specific exchange where we have coins then we can avail refund or file legal complaints against it. I hope that not only exchanges will also be regulated soon but also ICO's so that we are not going to risk our time and money for nothing and at the same time to prevent fraudsters and scammers from creating nonsense projects. But to be fair with Bitcoin critics, time and technology can tell maybe in the future upgrades or hard forks and maybe the essence of being a decentralized will be vanished. If only if they can. 
If governments has power to control whole blockchain system i am sure they will wanna to own it 
Maybe this is the reason they are so angry against this transparent system and looking for ways to track transaction on blockchain.
Maybe this is the reason they are so angry against this transparent system and looking for ways to track transaction on blockchain.I believe government are not angry over the transparent system, what the government worries about is the rampant scamming of this fraudulent company that take advantage of the ignorance of people towards cryptocurrency. They can see how people losts a lot of money on investing to this scam company that make use of Bitcoin and other cryptocurrency as their front. I believe government are amazed on how bitcoin had grow but they do not want to risk their citizen being exploited by these scam company so they need to regulate it and set rules that will identify scam companies.
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.
well regulations were needed just to filtered the launches of ico for it became too in demand that sone are launched just to scam people, regulation to minimize fees , but it might result also for additional taxes or worse banning when government didn't finds a way to benefit on it.
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 governments has power to control whole blockchain system i am sure they will wanna to own it Maybe this is the reason they are so angry against this transparent system and looking for ways to track transaction on blockchain.
Maybe this is the reason they are so angry against this transparent system and looking for ways to track transaction on blockchain.Bitcoin was built so that no person,company or government can control it, controlling something that whole world is the server will be impossible to do.
The government just want to tax the people who have billions of dollars hiding their money in bitcoin.
Bitcoin is not something you can regulate because it is a computer network with computers all over the globe. People in different countries agree on consensus rules on the Bitcoin network and this happens every 10 minutes and this is what makes the blockchain so desirable because people can put any kind of value on it and store it for the long term.
Goverments can only regulate bitcoin to fiat exchange. Cause they can control fiat flow through banks.
But they cannot regulate bitcoin or any other blockchain based coins. Specially they will never regulate TOR based or Privacy based currencies.
This is just a dream of dictators.
It will always remain a dream of all of them who want crypto to be regulated. Everyone knows that Bitcoin and the rest of the altcoins are used on a large scale for money laundering; government will never support any such activity which creates opportunities for the criminals. Governments are always seeking ways to take grip on the criminal minds and control them. Japan is the only country that took the risk of regulating bitcoin. This step of Japan was not actually in favor of bitcoin only but they want another currency that could stand in front to the US dollar. This is all the stinking international politics. For them there is no day no night, no right no wrong but just a task to accomplish and they are trying to get their goals through the help of bitcoin. But they cannot regulate bitcoin or any other blockchain based coins. Specially they will never regulate TOR based or Privacy based currencies.
This is just a dream of dictators.
If governments has power to control whole blockchain system i am sure they will wanna to own it Maybe this is the reason they are so angry against this transparent system and looking for ways to track transaction on blockchain.
The government can't control the blockchain. Being uncontrollable is what the blockchain was created for. The only thing they can do is paying very close attention to the conversion of fiat into crypto and back. Maybe this is the reason they are so angry against this transparent system and looking for ways to track transaction on blockchain.
If governments has power to control whole blockchain system i am sure they will wanna to own it Maybe this is the reason they are so angry against this transparent system and looking for ways to track transaction on blockchain.
Maybe this is the reason they are so angry against this transparent system and looking for ways to track transaction on blockchain.
Bitcoin was made independently that no one has to produce or build up any consequences for it. We, people are the one's who is responsible for every matter or problem that can occur on our account.
Bitcoin is decentralized, regulatory body for bitcoin completely nullifies the actual concept of bitcoin. I agree because of decentralized nature, we see tons of scam. But this is how it works. Even if we get one body, keeping a tab on every transaction where there are mixers services and other ways to hide transactions, it will take lot of resources which is only affordable by government or financial giants. These are the exact people we don't want interfering with bitcoin.
In addition to the general rules in using Bitcoin, I think other rules are not necessary. Because Bitcoin needs freedom and decentralization, it makes people love Bitcoin more than any other currency. If more regulations are in place, the rules will make Bitcoin bound and pragmatic as well as controlled by the government. I really do not like this
Decentralized platform should not be controlled by anyone dude. Until the bitcoin is being centralized no one can offer and lock the bitcoin with any rules and regulations. Whether any country gonna make the bitcoin legal or not but I wish bitcoin live witout any control and anonymous. Regulations will open up the anonymous factor for bitcoin.
They now have done it. Some countries like Korea have now Bitcoin exchanges where they need a business permit to operate in their country. With that customers must need to verify their identity first before they can start trading in those exchanges. As far as regulation go they can also control Local wallet providers in order to give identity to wallet owners. These are some of the efforts of the government not because they are against it but because they want their people to use it but only in a good way at the same time protecting them.
In addition to the general rules in using Bitcoin, I think other rules are not necessary. Because Bitcoin needs freedom and decentralization, it makes people love Bitcoin more than any other currency. If more regulations are in place, the rules will make Bitcoin bound and pragmatic as well as controlled by the government. I really do not like this
I think Bitcoin and digital coins are built on freedom, non-binding, decentralized and autonomous so binding rules and common rules are not necessary. It makes people feel uncomfortable when drinking Bitcoin, making more people hate Bitcoin. This is not necessary because people are always aware of their work and they always want to make money so putting constraints is not a good idea.
Lol. Do you think that government officials are interested in your problems? People looking for extra income because all governments do not want to manage the economy so that people have a decent income. If we allow the state to regulate bitcoin it will happen the same as with Fiat. Why do it? Allowing the idea of state regulation do you kill bitcoin.
I think Bitcoin and digital coins are built on freedom, non-binding, decentralized and autonomous so binding rules and common rules are not necessary. It makes people feel uncomfortable when drinking Bitcoin, making more people hate Bitcoin. This is not necessary because people are always aware of their work and they always want to make money so putting constraints is not a good idea.
I think those who criticize only some people who do not know crypto. they are jealous of the development of bitcoin but they are afraid to take part in it because of the high risk. I think this part of the virtual world even we gamble has a very high risk of failure. and I think bitcoin will not get regulation.
bitcoin does have a high enough risk as well. because in achieving a success in bitcoin it is very risky. so any risk we still have to face.
Can regulate bitcoins. There are Sec and other organizations that can be given the law to avoid the wrong actions that can be made with bitcoins. But knowing what the person is doing is not because bitcoins are decentralized without controlling it so we are free to use it. And if the bitcoins are controllable, I mean maacess is not good because it can have price manupulations
Jump to: