Topic: Will bitcoin go under regulation (Read 211128 times)
Many government are seeing Bitcoin or cryptocurrency as a threat to their financial system and they think it should be regulated to solve the problem. Do you think they can regulate Bitcoin ?
never, bitcoin will remain decentralized and if a government wants to regulate a coin, then the answer is that they have to make their own coins that are in accordance with the interests of the people of each country, and it is safer and does not interfere with the existence of other coins or countries...
If bitcoin is valid legal, the bitcoin adjust on the direction will be good.
I don't think government can regulate Bitcoin because it is decentralized and if they want they must start with the internet because everyone needs a connection to transact Bitcoin. So it's impossible to regulate something you don't have any control on it.
Yes I agree on that bitcoin cannot be regulate anymore, if they want bitcoin to be regulated then the must go and start regulation on the internet side. This is really a decentralized thing and even the government cannot really control or dictate the price of it. I believe that bitcoin will not going to be regulated maybe government has an another remedy foe bitcoin.
I don't think government can regulate Bitcoin because it is decentralized and if they want they must start with the internet because everyone needs a connection to transact Bitcoin. So it's impossible to regulate something you don't have any control on it.
maybe if someday all government agree to use bitcoin and makes bitcoin legal but with one condition, that all bitcoin and bitcoin user should go under regulation, it thinks it will more good makes bitcoin under regulation than we make bitcoin is not legal in all country, am i right?
of course the government must determine a good policy for it all. i think indeed legality will greatly help development of BTC, where many new investors will trust it so that they invest calmly, of course this will have a positive impact 
maybe if someday all government agree to use bitcoin and makes bitcoin legal but with one condition, that all bitcoin and bitcoin user should go under regulation, it thinks it will more good makes bitcoin under regulation than we make bitcoin is not legal in all country, am i right?
It doesn't matter if bitcoin has rules. It can also be the government's control for bitcoin income. Maybe bitcoin will change everything about bitcoin, from income to bitcoin security. We also make it easier to use bitcoin.
you CANNOT regulate beer, people will always find ways to create and consume and swap beer with others.
you CAN regulate PEOPLE/BUSINESSES use of beer. in which if caught people/businesses could end up with fines.
but in short beer will continue to be made no matter what.
take the 1920's alcohol prohibition(regulation) for instance(moonshiners/gentlemens clubs era)
now swap the word beer for bitcoin and you will understand
government regulation is not a bitcoin threat. what is a threat is a development control of the code reference. which if too many people only follow one reference point of the code. the network becomes centralised. (spoiler: already happening)
yes the data is distributed, yes the private key holding is distributed, but the decision of code upgrade becomes centralised around a core team.
distrubuted vs decentralisd are 2 different things altogether
and if then that development is moving away from the 2009-2013 ethos of bitcoin, to move people away from bitcoin and instead into other networks. then that is the threat. (sorry cant innovate beer anymore there are limits, but try this potato vodka instead)
governments dont see bitcoin as an economic threat. to them bitcoins are just assets. like iphones or beer. if you buy a bitcoin/iphone/beer its stil moving FIAT from your account to the fiat bank account of a bitcoin/iphone/beer seller.
governments have laws that keep fiat in play, minimum wage, tax, court fines, etc. so fiat is not at risk to governments.
if you are american you still have to pay american taxes in american dollars.
if you dont pay taxes but are seen living a lifestyle of someone having income that should be paying taxes you will be fined in american dollars.. the government will still get their fiat. on way or another
in short unless minimum wage/tax law changes, the government dont care what you buy as long as you get paid the amounts that allow them to tax you, it dont matter if its bitcoin, euro, or moondust.
governments do not care about economic impact. the reason for regulation is to make more income via licences. as its free money for them while making businesses police the businesses customers.. in short government gets free money and makes a business do the work
governments pretend that regulations are about consumer protection. yet most regulations are about policing customers by investigating customers. not supporting customers. if governments cared about protecting customers. then they would not push for regulatory licences. but instead consumer protection insurances.
regulation vs consumer protection are 2 separate things.
take the housing crisis. banks were regulated. but mortgage holders lost out. banks gained. bankers did not get slapped, they got rewarded. mortgage holders not only lost a shelter but the funds they put into that shelter initially.
love your thoughts and ideas and those are facts, if we could just replace the fiat or if not atleast compete in the daily spending of populace like micropayments buying prime commodities etc, this could have been so beautiful place to live in you CAN regulate PEOPLE/BUSINESSES use of beer. in which if caught people/businesses could end up with fines.
but in short beer will continue to be made no matter what.
take the 1920's alcohol prohibition(regulation) for instance(moonshiners/gentlemens clubs era)
now swap the word beer for bitcoin and you will understand
government regulation is not a bitcoin threat. what is a threat is a development control of the code reference. which if too many people only follow one reference point of the code. the network becomes centralised. (spoiler: already happening)
yes the data is distributed, yes the private key holding is distributed, but the decision of code upgrade becomes centralised around a core team.
distrubuted vs decentralisd are 2 different things altogether
and if then that development is moving away from the 2009-2013 ethos of bitcoin, to move people away from bitcoin and instead into other networks. then that is the threat. (sorry cant innovate beer anymore there are limits, but try this potato vodka instead)
governments dont see bitcoin as an economic threat. to them bitcoins are just assets. like iphones or beer. if you buy a bitcoin/iphone/beer its stil moving FIAT from your account to the fiat bank account of a bitcoin/iphone/beer seller.
governments have laws that keep fiat in play, minimum wage, tax, court fines, etc. so fiat is not at risk to governments.
if you are american you still have to pay american taxes in american dollars.
if you dont pay taxes but are seen living a lifestyle of someone having income that should be paying taxes you will be fined in american dollars.. the government will still get their fiat. on way or another
in short unless minimum wage/tax law changes, the government dont care what you buy as long as you get paid the amounts that allow them to tax you, it dont matter if its bitcoin, euro, or moondust.
governments do not care about economic impact. the reason for regulation is to make more income via licences. as its free money for them while making businesses police the businesses customers.. in short government gets free money and makes a business do the work
governments pretend that regulations are about consumer protection. yet most regulations are about policing customers by investigating customers. not supporting customers. if governments cared about protecting customers. then they would not push for regulatory licences. but instead consumer protection insurances.
regulation vs consumer protection are 2 separate things.
take the housing crisis. banks were regulated. but mortgage holders lost out. banks gained. bankers did not get slapped, they got rewarded. mortgage holders not only lost a shelter but the funds they put into that shelter initially.
Many government are seeing Bitcoin or cryptocurrency as a threat to their financial system and they think it should be regulated to solve the problem. Do you think they can regulate Bitcoin ?
The regulation will always depend of the country on how they see Bitcoin will fit in their government system but as of now, more and more countries are adapting, legalizing and regulating Bitcoin in which its shows that the supporting countries did not encounter any trouble after the regulation but they continue to enjoy the prosperity of the country and their citizens.
There is no need to be afraid of regulations. If we evaluate the market volume, bitcoin and other altcoins are not a big threat to the states. That's why I don't think the states are going to ban bitcoin , if they wanted it, they would have done it by now.
A high trust and I like that not to worry so much that Bitcoin will be regulated by the government. We should think about the assets we have to develop more.
There is no need to be afraid of regulations. If we evaluate the market volume, bitcoin and other altcoins are not a big threat to the states. That's why I don't think the states are going to ban bitcoin , if they wanted it, they would have done it by now.
In the future, bitcoin will be regulated by the States in which they will begin to accept the cryptocurrency , and make it a way to pay for goods and services.
It can happen but whether it will create a new enemy about the existence of a group that regulates Bitcoin in the future.
Many government are seeing Bitcoin or cryptocurrency as a threat to their financial system and they think it should be regulated to solve the problem. Do you think they can regulate Bitcoin ?
I don't think that any government can regulate bitcoin alone, because they can't control Internet.
Only some kind of regulation on the world level is possible, but I doubt it will happen soon.
Governments can control income from bitcoin and crypto currencies when you decide to exchange your btc funds to the fiat money.
In the most countries, I believe, you will have ti report it and pay tax.
the price that has penetrated up to $ 20,000 and made the world excited it is certain that Bitcoin will be under regulation, but why until now it hasn't been given to Bitcoin, I'm sure because the government is studying the possibility that if the regulation is given to Bitcoin.
There is a huge chance of it. The government's are already after it, so the central banks are. As it is unregulated currency and no controllers of bitcoin is the biggest fear for the politicians and that's the reason they want it to be regulated so they can do their business as it is now.
I think governments can control the income from btc and crypto currencies if people accept the kyc then it will mean that governments will have won. Bitcoin is an independent entity that is not in any way under the authority of any government.
I think that there should be some degree of regulation in the turnover of bitcoins. But it should relate exclusively to the safety of their use in order to protect users from the actions of hackers and scammers.
I think yes ,this is possible because al countries are making decision to ban it and some are very comfortable with bitcoin.So the best decision is to regulate it.If it get regulated it will become easy to bitcoin.Government can control the transactions and it will not affect the economy of the country.Crime will be decreased.
Many government are seeing Bitcoin or cryptocurrency as a threat to their financial system and they think it should be regulated to solve the problem. Do you think they can regulate Bitcoin ?
I think it is very difficult to change the bitcoin. It is possible that the government will come up with laws to adjust the bitcoin, to avoid changing the country's economy but they will not be able to stop it altogether. Hopefully in the future things will go well and bitcoin will grow stronger Jump to: