Regulations or Anonymity - page 7. | Bitcointalksearch.org

gabmen

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Quote from: DAVETUN on January 25, 2019, 05:51:20 AM

I choose regulation as this is the key to global acceptance of the cryptocurrency industry, also with regulations and policy formulation through government involvement, scammers in the space will be eliminated, this is the future of cryptocurrency development.

We can very well do with both. It's going to be difficult to stick to just either of the two since anonymity is a feature that sets crypto aside from controlled fiat. It gives power to the people over their money and transactions while regulation is essential to patch the holes in security for this market.

ElenaN

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I do not think that regulation will help in any way; fraud will also be possible in this situation, because a person will always find an opportunity to benefit!

DAVETUN

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I choose regulation as this is the key to global acceptance of the cryptocurrency industry, also with regulations and policy formulation through government involvement, scammers in the space will be eliminated, this is the future of cryptocurrency development.

gensol

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People believe the only way out for crypto as it is currently is regulation. Regulations is good but then it's against everything Satoshi stood for when he was developing the bitcoin network. But to help safeguard investors money regulations is needed especially in areas of ICOs.

Vektrum

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We are already increasingly convinced that without the introduction of certain rules in the activities of the ICO, their regulation by the state, this activity is increasingly at an impasse due to the very high level of fraud in it. In addition to restoring the cryptocurrency market, only such regulation can revive this activity. I hope that this year many states will regulate the activities of the ICO in order to protect the rights of participants in the cryptocurrency market without affecting the fundamental principles of this type of activity.

ucok456

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Regulations and Anonymity have their respective places. If you talk about Blockchain, anonymity is the best thing. But if you talk about ICO, then regulations are things that need to be considered so that there is no fraud.

Spaffin

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Quote from: Eildosa on January 24, 2019, 05:31:18 PM

I think that KYC will not solve the problem of fraud completely. I like the idea that was expressed by people above that the KYC be useful to developers of the project. But if we try to make KYC for everyone, it will not lead to anything good. Because people are here because of decentralization and anonymity.

We will not be able to completely do in cryptocurrency without anonymity, or without certain rules in it. Need a golden mean. KYC checks cannot be applied to everyone, otherwise it will do more harm than good. KYC checks, for example, are meaningless for bounty hunters and small investors.
At the same time, the rules are needed here, otherwise hackers and scammers will rule here, and the state will never legalize cryptocurrency.

Indrawan77

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Of course I will choose anonymity, we need currency that able to give us freedom and unique feature to used, if the government doesn't interfere then it will be a great things, but now the government doesn't want just to sit idle, kyc in crypto is a bad thing, we don't know for sure what will the developers going to do with our data

Matthewmorris4

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Quote from: Pet240 on January 21, 2019, 01:48:14 PM

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?

I think that only in the presence of Full KYC will it eradicate scams, the possibility of a scam even though having full regulation is still there. so regulation in my opinion will also be in vain. The solution, in my opinion, is that regulations continue to run naturally, they will remain anonymous and must stay on track. We cannot damage the initial guidelines of anonymous crypto

edmundo

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I have been a strong believer and advocate of crypto regulations. There is simply no way this industry survives if regulations don't come in fast. With all the atrocious acts, fraud and gaming taking place in this industry, it is obvious that the crypto space need regulations and other forms of control. If nothing happens in this regard, then we might see a high scale melt down and continuous abuse of the system. Anonymity has contributed to these wide spread rot in the system and it is time proactive solutions and steps are put in place to checkmate these challenges and I think regulations could do the trick.

Eildosa

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I think that KYC will not solve the problem of fraud completely. I like the idea that was expressed by people above that the KYC be useful to developers of the project. But if we try to make KYC for everyone, it will not lead to anything good. Because people are here because of decentralization and anonymity.

Aniwura

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Several projects reveal the identity of their team through their social media accounts, were they can be contacted, while there are some who do not reveal in any way.
I agree with the fact that the team showed be made to do full kyc, perhaps with a particular regulatory body, but should be ignored for investors, except when using exchanges.

adzino

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The KYC thing will not be stopping scam. It might help reduce it, but will never stop it. No matter how much verification and other stuffs are required, you can't totally stop people from scamming. They will find their way to just rip off people.
Regulations might help but having extremely strict regulations might make the system end up being some what centralized. We don't want that to be happening.

Esterklu

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I am for the idea of anonymity, because with the regulation the meaning of cryptocurrency is lost. As I see, the scammers cheating KYC rules by purchasing someone else's data that are being sold by those who have collected them from naive users who have participated in ICO, bounties and airdrops.

Bomber007

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Even if it is fully regulated, scammer would still think of ways to exploit the system, I think we shouldn't go for regulation because people are getting wiser and know to stay away from scams.

Thomas-s

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Quote from: PuertoLibre on January 24, 2019, 04:16:23 PM

Quote from: cryptonight9631 on January 23, 2019, 09:23:27 PM

It is just good to leave both available. Because most of the users wants full anonymity on their transactions while others wants to be regulated to filter out scam coins and other scam services.

Applying strict rules to this industry will not let things turn like in old days. After passing KYC the variables for trading will be limited and liquidity issues will start to appear. Wise scammer will found new ways like phishing to grab free money.

scammers are becoming more sophisticated. It scares me how smart they are. Market regulation is needed as soon as possible

PuertoLibre

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Quote from: cryptonight9631 on January 23, 2019, 09:23:27 PM

It is just good to leave both available. Because most of the users wants full anonymity on their transactions while others wants to be regulated to filter out scam coins and other scam services.

Applying strict rules to this industry will not let things turn like in old days. After passing KYC the variables for trading will be limited and liquidity issues will start to appear. Wise scammer will found new ways like phishing to grab free money.

South Park

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Quote from: thunderbitz2717 on January 22, 2019, 05:13:28 PM

For some cases, regulations is badly needed just to give a bit of security and assurance that if any thing happens, there will be someone to catch with. This is just a tool to protect the overall situation of the system from illegal activities. Example in ICO, regulations should be done to protect investors from scam. For some, anonymity is also needed to preserved the decentralization characteristics of cryptocurrency.

Regulations on the surface seem like a good idea but once you see the regulations being applied your mind will change but then it will be too late, it is better to learn to regulate yourself, when we know that more than 90% of icos are scams instead of looking for reasons to invest in them you need to find reasons to not invest in them and at the slightest sign of something being wrong then you need to consider it as a huge red flag and make you doubtful of investing in that particular ico.

ilcapitano

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Quote from: Pet240 on January 21, 2019, 01:48:14 PM

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?

I think if cryptocurrency market is completely mananged by regulations, it will be no longer its self. Regulations should just be complementary things to help it grow up in a sustainable way

hellyah070

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Quote from: Pet240 on January 21, 2019, 01:48:14 PM

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?

For most of the smartest projects here on crypto, they prefer to stay anonymous, on the other hand, anonymous project are not that trusted, in addition, regulation is not needed if we prove the project can really stand well.

Topic: Regulations or Anonymity - page 7. (Read 1067 times)