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.
Topic: Regulations or Anonymity - page 9. (Read 1067 times)
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?
Privacy is necessary, especially in cryptocurrency. States will strive to reduce the maximum level of privacy and anonymity in cryptocurrency, so that the level of popularity of cryptocurrency among the population fell. Therefore, we need to defend our right to anonymity and privacy when working with cryptocurrency and to give the minimum possible from these concepts, only what is reasonable and really necessary.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?
KYC verification will not eliminate the problem of fraud. Now here on the forum there is information that on the Internet you can buy KYC check data from many well-known exchanges. For ten dollars you can buy hundreds of information about individuals and their documents, and with them anywhere you can get tested by KYC now. Bulk will be much cheaper. Do not be naive, fraudsters only gain from KYC testing.
KYC is a joke, What they inherently do is deputise you so you can rat everyone out to the government. no one is safe ever. Its up to you to keep your funds safe. Pirate chain will be the most anon currency in about 3 weeks with the first sapling only implementation. Closest crypto to cash imo. You cannot even look up transactions on the explorer. IRS cannot trace shit and nor can anyone else.
Anonymity = Security = Privacy
If you need someone to protect you then.. you just need to stop being a pussy
Anonymity = Security = Privacy
If you need someone to protect you then.. you just need to stop being a pussy
i would prefer anonymity rather than regulation using KYC if possible.
because even KYC nowadays can't fully prevent scam, people can fake their identity on social media or full KYC check. even video call for KYC can be cheated by hiring someone. so to say that it can prevent scam was not really true, the best it can do was only minimize it.
the first cryptocurrency bitcoin was created to make it's transaction posible confirmed by everyone but can also stay anonymous. also blockchain selling points is anonymity. so it's right to say if crypto community boast it's anonymity and it's nearly imposible to be regulated at least for now.
because even KYC nowadays can't fully prevent scam, people can fake their identity on social media or full KYC check. even video call for KYC can be cheated by hiring someone. so to say that it can prevent scam was not really true, the best it can do was only minimize it.
the first cryptocurrency bitcoin was created to make it's transaction posible confirmed by everyone but can also stay anonymous. also blockchain selling points is anonymity. so it's right to say if crypto community boast it's anonymity and it's nearly imposible to be regulated at least for now.
I think regulations will work better for us. The rate of scam in cryptocurrencies is at the slamming rate and this is happening because Cryptocoins market and transactions is anonymity. I think if it is regulated governments will set up measures that will reduce crime and criminality.
At some point, these two had some pros and cons. Better regulations don't stop scammers from scamming, it will just make a new way to scam people again. If blockchain had no security, you think the mined coins would be safe from hacking? It is not totally anonymous because everyone can still view the transaction history but the only anonymous to it is the person who is using the address.
If they want a better anonymity, i suggest they have to simply make your transaction history hidden to everyone except to the one that you have negotiated with. But just like i said, these had pros and con. Everyone can freely make a choice what is convenient to them.
If they want a better anonymity, i suggest they have to simply make your transaction history hidden to everyone except to the one that you have negotiated with. But just like i said, these had pros and con. Everyone can freely make a choice what is convenient to them.
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 value my privacy more so I prefer Anonymity.
And how full KYC will make scams impossible? In countries like Hungary and Bulgaria, you can't buy prepaid SIM cards without ID. Do you think this solve the scams with phone scammers? Nope, criminals just hired gypsies to register cards on their names for 10-20 Euros and then everything continue in usual manner. This was just a simple example. In countries like Croatia and Slovenia you could buy a SIM card from every kiosk or gas station without ID or anything for 2-3 Euros and criminal rates are few times lower than Hungary and Bulgaria.
I think the blockchain as well as Bitcoin was originally created for the purpose of anonymity. And we should follow that original goal, rather than now looking for ways to manage and bring it into law.
Yes, something like this. Crypto environment was originally created as anonymous and transparent. For individuals. If an organization appears in a crypto area, then it is a legal entity, then it must be public. With regulation for legal entities. This is necessary to protect individual users. In this case, a system with anonymity and transparency is possible, where only petty fraud is possible.
If I have to choose I will prefer a full regulation if this means no more scams..unfortunately there are too many scams nowadays and this is the worse thing that makes every big investors stay out of the market
I think the blockchain as well as Bitcoin was originally created for the purpose of anonymity. And we should follow that original goal, rather than now looking for ways to manage and bring it into law.
Everyone has their own opinions about this. Because regulation is not always good and anonymity is not always bad. Both of them have their own portions. And I think blockchain technology is correct with its anonymity.
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 value my privacy more so I prefer Anonymity.
And how full KYC will make scams impossible? In countries like Hungary and Bulgaria, you can't buy prepaid SIM cards without ID. Do you think this solve the scams with phone scammers? Nope, criminals just hired gypsies to register cards on their names for 10-20 Euros and then everything continue in usual manner. This was just a simple example. In countries like Croatia and Slovenia you could buy a SIM card from every kiosk or gas station without ID or anything for 2-3 Euros and criminal rates are few times lower than Hungary and Bulgaria.
Thoughts that are very much in regulation today, but it must be remembered that cryptocurrencies were created anonymously, so in my opinion it is necessary to leave anonymity online.
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?
There should be some sort of in between zone for this question. I mean if someone wants to be anon then they should be allowed to be anon however if they want to get regulated then they can. I know it looks like both can't coexist together but the closest we have is that "people can do whatever they want with their bitcoin and governments should not care about it, as soon as they turn their bitcoins into fiat then it should be regulated properly and traced".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?
Even if you turn your coins into fiat at a low amount or high amount regulations should check where that bitcoin came from and how you made it and so forth, which means they will go into your bitcoin history as well, just not when you do not want them to. If you do not want your bitcoins to be seen or known, it should be allowed to hide them, its the cashing out that should be regulated.
I think we need to make the crypto currencies industry more safe for people. If we would not regulate projects, we would lose a lot of investors and it is definitely very sad. It does not mean that we need to undergo the full KYC, but something that can protect investors from fraud ICOs would be great.
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.
Unfortunately, there is no complete anonymity! And regulation of rules is good, although very strict rules often scare us!
If you are thinking about KYC, just go back to the system introduction. Why cryptocurrency is here? To reduce all the problem we are having from govt, the bank I mean to reduce centralization. If you are going with regulation, you are not supporting decentralization which is opposite to the cryptocurrency system. So, I think no regulation is required.
for me that regulation is the most important thing. with the regulation, the circulation of digital currencies will be controlled much better. there will be a certainty that can make the price of the digital currency increase. this all requires development and the role of the government in making a regulation must be implemented immediately.
If me i will follow anything that can make bitcoin and other cryptos be better, not only in it's system, but it's value too. Even should do KYC, if a site force us to do that, we must do that thing. Even it is different with anonymity that offered by crypto before.
Jump to: