Topic: To hell with regulations and government interference (Read 608 times)
To be honest we need a regulated market so we can have transparent transactions. AML BitCoin rests on a privately regulated public blockchain that facilitates AML-KYC compliance and identifies criminals associated with illicit transactions while maintaining and strengthening the privacy protections for legitimate users.
Crypto as a decentralized currency of course there will certainly be no interference from the government. but on the other hand the government has the authority to make regulations in financial terms, this is why it is very difficult to run even though crypto is created as a decentralized currency.
I know that Government will not rest until she either get involved in bitcoin/cryptocurrency management or it will get destroyed. If Bitcoin loses its decentralized nature then it will no longer be bitcoin and all the attractions will be lost. We are waiting for ETF which I am also believing that it will help push the price of Bitcoin and inadvertently the other altcoins. But that, should be the best government can be involved in crypocurrency. All other regulations should not be targeting bitcoins again.
I completely agreed on this i am always a haters of KyC and that ETF Since cryptocurrency community can stand without this and this are only form of hindrances to manipulate the market and ofcourse the community..we can prove the world that we can make the universe change if they will only give us a chance to prove this
The only thing that I can think of when it comes to government regulations. If only there's no money involve with this technology then there will be no government regulations involve for most of the people who are sitting in the higher office wanted to get a piece of the pie about everything.
Realistically, there isn't anything you can do about government intervention, their intervention is necessary to prevent mass-scale crimes and things that could damage the industry as a whole. I think that we should promote governments involvement, but push for favorable regulations to allow cryptocurrency and blockchain technologies to grow without being needlessly sanctioned by government rules.
Agree.
Moreover, with government regulations many companies would start accepting cryptos;
Btc has been down for some days, I'm watching it on coin360. Mass adoption of btc results in price growing.
We get rid of scams;
But regulations should be made so to improve the whole system, not to damage it.
Without regulations, we will never have ETFs. And I believe they are our best chance to turn back into the bull run again. If it will become a mainstream we need to have some rules.
This is exactly what OP is talking about. You have to realize that we don't need ETFs! Are you investing in futures? Are you planning to put your money into an ETF like CBOE when it gets approved? Most of us don't and won't. It's only that some people believe other rich people will do it and bring the price up, but the reality is different and likes to kick you in the ass when you least expect it. Futures market brought prices down not up. ETFs can become a vulnerability just like Tether.
The main goal of electronic money is anonymity.
not at all!
the main goal of electronic money is to be electronic! there are many different types of electronic money from the electronic banking and other online wallets such as Paypal to the cryptocurrencies that we have and there are dozens of sub categories.
only some of them focus on anonymity and not all of them and it certainly is not the main goal of the whole thing.
Governments began to think of ways to control it with rules and interventions to put pressure on it. Without regulation, we would never have an ETF. If it becomes a mainstream, we need to have some rules.
I really agree with the thread.
The government should not interfere with the Crypto world. All we have to do is think of various ways to improve and bring the general public to the crypto world.
The government should not interfere with the Crypto world. All we have to do is think of various ways to improve and bring the general public to the crypto world.
Crypto will grow bigger and faster if the government gives full support, but we can't do anything when the government wants to intervene, the government gets the power to ban crypto, so I prefer crypto to be regulated rather than Crypto banned by the government.
Without regulations, we will never have ETFs. And I believe they are our best chance to turn back into the bull run again. If it will become a mainstream we need to have some rules.
the rule is indeed necessary in the crypto world. because the regulation sometimes benefits the market, sometimes if the government approves crypto, the market will return but sometimes the government prohibits it
This statement ofcourse is born out of the confidence that is placed on bitcoin and cryptocurrencies. Regulations and government interference is a subject of threats and value. Most national currencies are devalued to the international placement. So, regulations most of the guides those on the low end compare to those at the top of the government and the high networth individuals
Without regulations, we will never have ETFs. And I believe they are our best chance to turn back into the bull run again. If it will become a mainstream we need to have some rules.
the rule is indeed necessary in the crypto world. because the regulation sometimes benefits the market, sometimes if the government approves crypto, the market will return but sometimes the government prohibits it
Honestly you have a good point. Thinking of the fact that regulation will give authority to the cabals we are trying to gain freedom from. This is truly sad. But in another dimension, one would think of regulating crypto to safeguard Investors and curb criminal activities. This is a dilema . we just have to accept a new development that embraces safety, privacy and freedom.
I think the government’s regulation of crypto has both advantages and disadvantages. There is a possibility that government’s involvement to crypto will bring with itself grows of trust to digital money. Moreover, it might be easier to go though both depositing and withdrawal processes with the help or cooperation of government. In such case the price of crypto would go up and become more stable, but users will need to pay taxes and feel other pressure caused by governmental interference. Besides, in such case there won’t be any decentralization anymore and crypto will lose its chance to become international.
Without regulations, we will never have ETFs. And I believe they are our best chance to turn back into the bull run again. If it will become a mainstream we need to have some rules.
Hoping I'm not the only one in here feeling this way or I assume S.W.A.T. will be at my door in a few minutes.
I see most of the forum members in here thinking we need the government to step in to regulate crypto. I see others flocking to KYC to make sure they get the latest airdrop all the while losing the precious commodity of privacy. I even see others hoping and praying we get the ETF approval so prices will really skyrocket and we can all get rich. The ETF is going to steal control away form us and give it to the paper pushers. Everything the majority of the forum is doing and hoping for is giving the movement away to the same power structure which is screwing us all over.
We need no regulations. We need no KYC. We need no ETF's. What we need to do is show the world why Bitcoin is better than government FIAT and let Bitcoin take over that way. We have a real shot at gaining freedom of finances however it seems most are tripping over themselves to give all that away to the government as quickly as possible.
Please consider government interference in crypto for the future generations sake. They will not have the amazing earning potential we have. They will just get a shit sandwich of every transaction they make begin on a public ledger. Perfect tax slaves. Are we handing our kids over to the system by allowing the governments to just step in like this?
Yes you are absolutely right.Bitcoin should be allowed to continue in its natural form of helping people to reach out of government's hands.Otherwise only the name bitcoin would exist and there would be no bitcoin anymore. I see most of the forum members in here thinking we need the government to step in to regulate crypto. I see others flocking to KYC to make sure they get the latest airdrop all the while losing the precious commodity of privacy. I even see others hoping and praying we get the ETF approval so prices will really skyrocket and we can all get rich. The ETF is going to steal control away form us and give it to the paper pushers. Everything the majority of the forum is doing and hoping for is giving the movement away to the same power structure which is screwing us all over.
We need no regulations. We need no KYC. We need no ETF's. What we need to do is show the world why Bitcoin is better than government FIAT and let Bitcoin take over that way. We have a real shot at gaining freedom of finances however it seems most are tripping over themselves to give all that away to the government as quickly as possible.
Please consider government interference in crypto for the future generations sake. They will not have the amazing earning potential we have. They will just get a shit sandwich of every transaction they make begin on a public ledger. Perfect tax slaves. Are we handing our kids over to the system by allowing the governments to just step in like this?
The cryptocurrency is design to be free that is the real essence of the blockchain technology it made to offer us the financial freedom which we never have due to government involvements in our traditional financial system like the faint money and the banking system, allowing government to regulate cryptocurrency is like selling out our right and freedom.
Governments are trying to make people believe Bitcoin is indeed a threat to the global economy, causing the entire market to fall sharply. As it recovers, governments begin to think of how to control it with rules and interventions to put pressure on it.
It's our job to make sure they do not take over when they realize they cannot scare us away form it. It does not seem like we are rady to fight this battle however. We have people chomping at the bit to get airdrops by sending in their passports. Our own greed will be our downfall. The powers that be know this. If we stood firm and fought these bankers and governments we could have free money. I'm not seeing it right now.
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