Will bitcoin ever get regulated - page 4.

Doan9269

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Quote from: Tellek Garing on November 08, 2021, 02:08:11 PM

This topic have taken the center stage of my thought we have seen how countries around the world are gradually opening the economy to adopt bitcoin and as a result a lot of government policies are already underway to develop a framework that allow regulation of the bitcoin ecosystem which have made me to wonder on this topic. Can a decentralized currency like bitcoin ever get regulated?

One of the cores of the founder Satoshi Nakamoto is to make individuals have independence in their daily life business activities using a digital currency other than the fiat currency, if by any means Bitcoin get regulated by the governments then the founders pseudo anonymity would have been denied, if they can't apprehend Satoshi identity and personality then getting it regulated is a big threat of an unresolved puzzle to them

ChiBitCTy

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Those who said no are wrong. Now technically you can always buy and sell OTC ( Over The Counter) which can be done completely unregulated but if all governments were to ban bitcoin that would mean they’d not allow for exchanges to be operational in their countries and that would ruin bitcoin. Period.

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Quote from: Odusko on January 25, 2022, 04:18:18 PM

I don't think bitcoin can be regulated by government, it decentralized nature can't be changed if any one tries to change it,bitcoin will be disvalue,government has no right on bitcoin because its not created by them.

Talking technically then there's no way that it could be regulated and this is the main reason on why most governments do really hate it and doesnt tend to adopt
or simply wont fit out on their likings which it isnt surprising knowing that government do really loves on controlling everything thats why they do really put up
their focus on platforms which do deal with crypto on where they do set out regulations and to those people who do uses will simply abide with the laws
that had been put in. Any choices? None but if you are a long term holder then it wont really be much an issue.

Odusko

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I don't think bitcoin can be regulated by government, it decentralized nature can't be changed if any one tries to change it,bitcoin will be disvalue,government has no right on bitcoin because its not created by them.

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Quote from: lenovop-70 on January 25, 2022, 10:10:08 AM

That's never will, Bitcoin will remain decentralized no matter what, because it was born that way and will continue to be, if you mean market centralization of Bitcoin is possible, and it is today, but if you mean centralized Bitcoin it Can not.
Bitcoin is decentralized and immune to censorship restrictions everywhere.

Whenever bitcoin ever gets regulated it will lose its original nature and that will affect its performance greatly that is why Satoshi makes sure to make the bitcoin network highly decentralized and uncontrollable by any individual or group left alone by the government.
Bitcoin can never get regulated but the government can rather adopt Bitcoin just like in the case of El Salvador

lenovop-70

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That's never will, Bitcoin will remain decentralized no matter what, because it was born that way and will continue to be, if you mean market centralization of Bitcoin is possible, and it is today, but if you mean centralized Bitcoin is Can not.
Bitcoin is decentralized and immune to censorship restrictions everywhere.

TribalBob

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I don't think it will ever be possible, because of the decentralized nature of btc, and this has become the initial provision of its ownership, but if the exchange can be regulated by the government at least an exchange that will operate in a certain country must follow the laws in force in that country regarding existing finances

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Quote from: blatchcorn on January 17, 2022, 03:33:27 AM

Quote from: Charles-Tim on November 08, 2021, 02:10:11 PM

No. Bitcoin is decentralized and censorship resistant. Only exchanges and centralized services will be regulated and this is not new.

This issue is as old as hills. There is dire need of understanding among BTC community that its a decentralized financial system developed to remain free from manipulation and censorship. Centralized crypto and exchanges join the crypto much later just to have bigger piece of the cake. I dont consider coins like XRP, BnB part of crypto ecosystem.

Well it is a respectable opinion, obviously these coins that you name are just a few more, the one that matters most is BTC, if we take into account the possible regulation of cryptoactives, the governments will take into account those coins that you name, plus the possible tokens that They will also be used by the governments to extract the maximum possible tax, so part of all this, although the other currencies are not as relevant compared to BTC, belong to the same technology and in different networks, but they have a different approach.

blatchcorn

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Quote from: Charles-Tim on November 08, 2021, 02:10:11 PM

No. Bitcoin is decentralized and censorship resistant. Only exchanges and centralized services will be regulated and this is not new.

This issue is as old as hills. There is dire need of understanding among BTC community that its a decentralized financial system developed to remain free from manipulation and censorship. Centralized crypto and exchanges join the crypto much later just to have bigger piece of the cake. I dont consider coins like XRP, BnB part of crypto ecosystem.

LUCKMCFLY

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Under the regulation criteria of all the governments of the world, I think they could make them regulate it, however I think that those regulations will be skipped by people to not comply with them, nobody likes to leave their money to the government, however they are currently creating Laws in some countries for the adoption of BTC and cryptocurrencies, in the case of countries like Venezuela that has a totally fragmented economy and without a solution, BTC circulates normally, but the only regulation that exists is in BTC mining, since They have to register with the SUNACRIP body which is mandated by the government.

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Quote from: Tellek Garing on January 14, 2022, 09:56:56 AM

Quote from: MIner1448 on January 14, 2022, 08:40:28 AM

And who told you that eo is not regulated ... We all watched how whales and manipulators in the market collapsed bitcoin to a price of $ 42,000, is this not control over it. Any structure has its regulators, in this case, the regulators are manipulators and whales in the market.

Well I can't refer to whales as regulators because they don't have direct control over the market and the whale can only influence the market for just a single time and if he is out of Bitcoin the power is gone but a regulator is a policymaker that makes a law that determines the direction the market will go so whale are just big bag holders.

In fact, you yourself answered your own question about the possible regulation of bitcoins and other decentralized cryptocurrencies. The legalization of cryptocurrency by the state without fail includes determining the legal status of cryptocurrency in the state, the conditions and procedure for its circulation on the territory of the state, and the procedure for possible taxation. If the order and conditions of circulation of cryptocurrency is its regulation, then such regulation will be in any case in every country. In this case, we do not say that the state will make changes to the cryptocurrency software, this is impossible to do.

CDC AP

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When Bitcoin becomes a payment trend, it will be more or less regulated. If the government does not regulate Bitcoin, it may make legal currency the mainstream. The government will hinder the development of Bitcoin. The government wants to control people and will not give up control over financial resources.

jhonjhon

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More than a decade after bitcoin introduces, government around the world still trying to figure out ways to regulate bitcoin and other cryptocurrencies. The reason why they cannot regulate bitcoin because it is decentralized or there is no central entity that prints money. And it can be also used by criminals. If the government wants to, it can. It is impossible to regulate, only the imaginary ecosystem

Tellek Garing

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Quote from: MIner1448 on January 14, 2022, 08:40:28 AM

And who told you that eo is not regulated ... We all watched how whales and manipulators in the market collapsed bitcoin to a price of $ 42,000, is this not control over it. Any structure has its regulators, in this case, the regulators are manipulators and whales in the market.

Well I can't refer to whales as regulators because they don't have direct control over the market and the whale can only influence the market for just a single time and if he is out of Bitcoin the power is gone but a regulator is a policymaker that makes a law that determines the direction the market will go so whale are just big bag holders.

MIner1448

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And who told you that eo is not regulated ... We all watched how whales and manipulators in the market collapsed bitcoin to a price of $ 42,000, is this not control over it. Any structure has its own regulators, in this case, the regulators are manipulators and whales in the market.

Bloodseekers

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By looking at how long bitcoin has been around, it's been 11 years in the world but a superpower like America can't regulate it. I don't think bitcoin can be regulated by anyone. Its decentralized nature makes investors confident. If it can be regulated by several countries, I'm sure investors will doubt its honesty, I'm afraid the market will be manipulated by people with an interest.

PreciousH

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Quote from: Tellek Garing on November 08, 2021, 02:08:11 PM

This topic have taken the center stage of my thought we have seen how countries around the world are gradually opening the economy to adopt bitcoin and as a result a lot of government policies are already underway to develop a framework that allow regulation of the bitcoin ecosystem which have made me to wonder on this topic. Can a decentralized currency like bitcoin ever get regulated?

I think the answer is Yes. Bitcoin get regulated. There are still a great way to buy , sell and trade bitcoins without a centralized exchange.

Dhaniii

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The government cannot regulate the market price of bitcoin, although it can legalize bitcoin as a legal currency. bitcoin can be the digital currency of the whole world and not some countries, so countries can use bitcoin as a medium of exchange only, but cannot control bitcoin.

Mr.sprin

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bitcoin can't be regulated bitcoin is independent and bicoin doesn't need support from anywhere the proof was yesterday there were countries that banned bitcoin mining like china maybe they want the value of bitcoin to go down but until now bitcoin prices are still expensive this proves bitcoin is independent and can't be regulated.

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