Topic: Regulations or Anonymity - page 10. (Read 1067 times)
Without proper regulations, it will always be abused by many and will be used to scam people. That is what the government don't wanted to happen to its citizens. It is always possible to create regulation with anonymity like KYC requirement during ICO and their transaction on blockchain will be anonymous when they start trading it right? Besides, that also applies to trading platform where they can track the user of the wallet address if theu submitted KYC.
if they regulate the market your anonymity is still going to stay the same as it always been so your title doesn't make any sense at all. as for the rest i think that people are putting too much faith in regulations for some reason as if they haven't seen any regulations in their lives before. they are not going to do anything about scams. the market will still remain somewhat decentralized and scams will still occur. specially now that decentralized exchanges are becoming more popular.
Most scams related to cryptocurrency came from ICOs. Focus the regulation to them. Regulating the entire market could hinder its growth.
These two have been topics of debates for quite some time. Some want Anonymity, while others want Regulation. Either of these two will work best for us.
It will get to a time that we just have to choose between Regulations and Anonymity.
In my opinion:
If blockchain is redesigned without privacy, everything will work fine. Full KYC will make scams impossible.
What is your take on this?
It will get to a time that we just have to choose between Regulations and Anonymity.
In my opinion:
If blockchain is redesigned without privacy, everything will work fine. Full KYC will make scams impossible.
What is your take on this?
I think it's two-in-one. We need to be able to move anonymously in a regulated market. This regulation should not be too strict. It should be flexible structure suitable for decentralized applications.
The whole 2018 year was devoted to anonymity, which we saw this year, an incredible amount of manipulation, fraud, fraudulent schemes, a huge number of scam projects, and all this for the most part went unpunished. Perhaps it is time regulation.
These two have been topics of debates for quite some time. Some want Anonymity, while others want Regulation. Either of these two will work best for us.
It will get to a time that we just have to choose between Regulations and Anonymity.
In my opinion:
If blockchain is redesigned without privacy, everything will work fine. Full KYC will make scams impossible.
What is your take on this?
It will get to a time that we just have to choose between Regulations and Anonymity.
In my opinion:
If blockchain is redesigned without privacy, everything will work fine. Full KYC will make scams impossible.
What is your take on this?
The main reason why blockchain should be based on privacy is avoiding situation when somebody who knows that you have money come to you and force you to transfer your crypto to him. It sounds pretty scary, but it would be the future if every blockchain project implements mandatory KYC process.
Anonymity for transactions and regulation for exchanges that operates locally.
Many are subject against KYC because they are scared that their data will be hacked which is of a trend right now. Regulations strengthens the validity of exchanges and its users but it doesn't guarantee that prices will increase. People like to attest regulations because of the belief that it will increase prices.
Regulations should bring institutional investors, that is why people believe that regulations will help increase the price of cryptocurrencies. But I think, that regulations will decrease the volatility and is that good? Many are subject against KYC because they are scared that their data will be hacked which is of a trend right now. Regulations strengthens the validity of exchanges and its users but it doesn't guarantee that prices will increase. People like to attest regulations because of the belief that it will increase prices.
No another 10x,100x in the future? 
I'm optimistic with 10x in the future. These two have been topics of debates for quite some time. Some want Anonymity, while others want Regulation. Either of these two will work best for us.
It will get to a time that we just have to choose between Regulations and Anonymity.
In my opinion:
If blockchain is redesigned without privacy, everything will work fine. Full KYC will make scams impossible.
What is your take on this?
It will get to a time that we just have to choose between Regulations and Anonymity.
In my opinion:
If blockchain is redesigned without privacy, everything will work fine. Full KYC will make scams impossible.
What is your take on this?
Scams are possible mostly because people are greedy and jumps in without thinking. Full KYC could allow a new level of scams, like identity theft (just think: not all coin developers are very good).
Even anon coins do have the feature of auditing. Monero has something like view keys.
What I want to say is: KYC would not help and scams can be checked out even on anon coins with auditing.
So imho even the current "transparency" where everybody can see what's in your pocket is too much.
Agreed, and I'm pretty sure KYC scams are already happening. You do see 'airdrops' that require KYC... it would be a very bad idea to hand over your valuable personal information in exchange for coins that are likely worth a couple of dollars at most. Unfortunately scammers can rely on the KYC requirement giving them a badge of legitimacy.
In cryptomarket there are honest & dishonest projects too, what about honest projects which are launching airdrop or bounty campaign?
KYC will actually help all legitimate participants to get fair rewards from scammers. Automated bots might be able to submit online forms & join their TG community but they can not pass KYC?AML check. KYC/AML can be used as protective mechanism but we as a hunter or investors needs to be vigilant to find the legitimate projects. 
'Full kyc will make scams impossible' — not really true, scams also happen in regulated entities, although regulation will minimize them to some extent.
Anyway, most of scams in crypto happen due to users own less diligence.
Anyway, most of scams in crypto happen due to users own less diligence.
The day you register your details into some centralized exchanges (which can sell/release your personal information to a third party e.g Government), that is the day you loose your anonymity , not the day some government regulations. Blockchains are pseudo-anonymous and centralized entities such as exchanges,some web forms where you have to input your name and wallet address, social media-linked wallets etc are all points of failure.
Personally, it seems to me regulation will not give us what we would like, most likely on the contrary, regulation will make the market unacceptable for a large number of investors, so it is possible that anonymity is preferable!
I would probably want both, not that much of regulation but with better anonymity, i guess you can't have both but both of them got its own advantages and disadvantages, you can't really pick both.
I think the blockchain should remain anonymous. And decentralized. Otherwise, the idea is lost.
you are wrong because the "idea" of the "blockchain technology" has nothing to do with decentralization or anonymity. the idea of blockchain technology is to use cryptography and to create a ledger that can create time-stamped documents and holds them which would be fraud proof since it is backed by the cryptography and can not be changed.
then we use it in cryptocurrencies which again do not have to be decentralized or anonymous!
so we have different categories. blockchain technology used elsewhere in different fields like a hospital storing patient data on a private centralized ledger which has nothing to do with cryptocurrencies and has no tokens on it! and cryptocurrencies which can be centralized ones and decentralized ones.
many people say the superiority of blockchain technology is because the anonymity of every user who makes a transaction is difficult to track but there are also negative points that can be misused to transact illegal trade and regulations are also important to avoid fraud because this is related to money especially investor confidence is starting to decline when investing with ico. this in my opinion is complementary to each other and I hope that regulations are prioritized to reduce the population of scamers.
This has been a on-going debate for quite some time now. I guess crypto ecosystem will have to evolved one time or another. I think it has started already btw, so regulations and KYC will be the thing of the future for crypto, whether we like it or not, imho.
I think that the project party initiated by ICO should be subject to government supervision, so that the scam will be avoided.
These two have been topics of debates for quite some time. Some want Anonymity, while others want Regulation. Either of these two will work best for us.
It will get to a time that we just have to choose between Regulations and Anonymity.
In my opinion:
If blockchain is redesigned without privacy, everything will work fine. Full KYC will make scams impossible.
What is your take on this?
It will get to a time that we just have to choose between Regulations and Anonymity.
In my opinion:
If blockchain is redesigned without privacy, everything will work fine. Full KYC will make scams impossible.
What is your take on this?
We need KYC just for ICO team, only this can help to avoid scum in ICO. What the difference who own utility tokens)? But all admins must show their faces)
These two have been topics of debates for quite some time. Some want Anonymity, while others want Regulation. Either of these two will work best for us.
It will get to a time that we just have to choose between Regulations and Anonymity.
In my opinion:
If blockchain is redesigned without privacy, everything will work fine. Full KYC will make scams impossible.
What is your take on this?
It will get to a time that we just have to choose between Regulations and Anonymity.
In my opinion:
If blockchain is redesigned without privacy, everything will work fine. Full KYC will make scams impossible.
What is your take on this?
When I started in crypto, the one thing that attracted me is the anonymity of my transactions. doing trading and investing in ICO without disclosing my identity. But when the presence of scammers and their scam ICOs has been all over the marketplace, I felt, regulations would be a solution to this. Investors must somehow be protected also for the industry to thrive.
Anonymity for transactions and regulation for exchanges that operates locally.
Many are subject against KYC because they are scared that their data will be hacked which is of a trend right now. Regulations strengthens the validity of exchanges and its users but it doesn't guarantee that prices will increase. People like to attest regulations because of the belief that it will increase prices.
Regulations should bring institutional investors, that is why people believe that regulations will help increase the price of cryptocurrencies. But I think, that regulations will decrease the volatility and is that good? No another 10x,100x in the future? Many are subject against KYC because they are scared that their data will be hacked which is of a trend right now. Regulations strengthens the validity of exchanges and its users but it doesn't guarantee that prices will increase. People like to attest regulations because of the belief that it will increase prices.
Anonymity for transactions and regulation for exchanges that operates locally.
Many are subject against KYC because they are scared that their data will be hacked which is of a trend right now. Regulations strengthens the validity of exchanges and its users but it doesn't guarantee that prices will increase. People like to attest regulations because of the belief that it will increase prices.
Many are subject against KYC because they are scared that their data will be hacked which is of a trend right now. Regulations strengthens the validity of exchanges and its users but it doesn't guarantee that prices will increase. People like to attest regulations because of the belief that it will increase prices.
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