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.
Apparently, without regulations, a whole lot of people will even consider it as a way to loot funds easily into bitcoin and then not being traced. As bitcoin's growth increases and becomes well known, the activities surrounding bitcoin will be monitored which will definitely be done via exchanges. Why do we think some of them are insisting you go to verification before you convert into fiat? 
Topic: Regulating Bitcoin - page 8. (Read 4637 times)
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 of course it is possible. And if it is happen but not control it, it will be good news for bitcoiners.
If regulation happen, more people will interest because people believe with government.
Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?
We all know that bitcoin is one of the most beautiful and profitable coins we have this days and bitcoin is beneficial coins to all of us. It is been so valuable because of the price of it. And about the lack of regulation of bitcoin well it is more better for me because I have my own privacy in my earnings and profits. The best we have now is bitcoin so if bitcoin will needed some framework I think they will become more strict about identity of each person. 
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.The value can never be controlled like fiats and you can decide to your P2P exchange as much as you want. No government can stop you with that.
I don't think it is possible to regulate the use of bitcoin if government make some rules for spending or using bitcoins no use in it because bitcoin transaction is fully anonymous so no one can trace our transaction and no way to find we are following the rules or not.
So still you guys are thinking bitcoin transactions can be regulated?
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.The value can never be controlled like fiats and you can decide to your P2P exchange as much as you want. No government can stop you with that.
I don't think it is possible to regulate the use of bitcoin if government make some rules for spending or using bitcoins no use in it because bitcoin transaction is fully anonymous so no one can trace our transaction and no way to find we are following the rules or not.
So still you guys are thinking bitcoin transactions can be regulated?
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.
Exactly. And if anyone decides they want to stick with exchanges while dealing with bitcoin-fiat-bitcoin, then they must be ready to abide by the monetary rules of the country. But I can decide to make transactions from my wallet to someone else’s' without being monitored by the government as there is no way they can ever do that. 
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.The value can never be controlled like fiats and you can decide to your P2P exchange as much as you want. No government can stop you with that.
This^
Great idea, I 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.The value can never be controlled like fiats and you can decide to your P2P exchange as much as you want. No government can stop you with that.
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 it is possible because there is no one who wants to be a responsible if something happens to bitcoin because it will be expensive for that people. There is no one who wants to pull out some money just to regulate bitcoin in this time. 
For security reason, it is necessary to every investor to have a protection for their investments. So its really possible on a country who will accept bitcoin to come up with a regulatory framework. But ofcourse if this will happen, we will no longer enjoy bitcoin because for sure that government will imposed tax and transaction fees.
Besides, if the authorities regulate bitcoin, it will fall in price and popularity, and then a new decentralized currency will appear. 
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 it is posible to have a regulatory framework for bitcoin, but is it really needed? Bitcoin is made decentralized in order to let people do what they want to do with their financial resources without the government interrupting the income from bitcoin. Regulating bitcoin will mean that it price will be predictable which make it less exciting to invest and make other investors to invest on other cryptocurrency that would divide investors from bitcoin to other coins.
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 of course it is possible. And if it is happen but not control it, it will be good news for bitcoiners.
If regulation happen, more people will interest because people believe with government.
Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?
It is regulated in some countries. Decentralization is its best assets and it entices more and more people everyday. It is possible to build regulations around digital currencies but it just result to forks and drop in pricing.
In the system and there is no control over each transaction. Bitcoin is similar this one .it is open source and nobody can regulating here when you are stabbing in bitcoin and not print like dollars this and made by people to increase or digress are the same .bitoin still bitcoin nobody can can regulate here....
Bitcoin cannot be regulated but definitely we as users can be regulated through a law as we are all bound to follow it, otherwise we will be dealt accordingly. There is no way to stop bitcoin if we continue to support it because the government also listen to us and they will serve what is the interest of the majority and there is nothing wrong we see on bitcoin but it can only help us to ease our transaction online and also it can give us a chance to invest.
Ideally, crypto means working on a P2P network in which only two people are interrelated with each other they are the ones which frame their protocols and transact through it. But as crypto has developed to such stage that we can see its mass adoption. Therefore, there is increase in black market too. So, going with the ideal information if we regulate crypto its no more P2P network. But there is only one way in which it could be regulated that is govt. creating its own crypto. India is developing Laxmi coin which will contain all traits of crypto but would be regulated.
Bitcoin is made to be decentralized so it won't mind being lack of regulation. The government can't ban it since there are many people who uses bitcoin. They also lack of right to regulate it since they didn't own it on the first place.
Nope that wont be possible, if you regulate bitcoin then most users will leave bitcoin and look for another coin that is decentralized.
If there is one coin that is regulated then i dont think it will gain user across the globe.
Regulating does not mean that it will become decentralized,if a government could decentralize a currency in the crypto platform then they can do that with any currency If there is one coin that is regulated then i dont think it will gain user across the globe.
.Regulating bitcoin means they could tax and monitor the flow of money going in and out of the country and that is the best they can do with regulations. 
For security reason, it is necessary to every investor to have a protection for their investments. So its really possible on a country who will accept bitcoin to come up with a regulatory framework. But ofcourse if this will happen, we will no longer enjoy bitcoin because for sure that government will imposed tax and transaction fees.
They had to be secured with their investments but you must know that bitcoin is volatile. In what term of security of the investors you want us to have? To have assurance that it is backed up by the government? I can't understand what you are trying to prove, first you want investors to have protection for investments which can be good for regulation by the government and last you'll say that we will no longer enjoy it.
For security reason, it is necessary to every investor to have a protection for their investments. So its really possible on a country who will accept bitcoin to come up with a regulatory framework. But ofcourse if this will happen, we will no longer enjoy bitcoin because for sure that government will imposed tax and transaction fees.
Jump to: