Topic: Will bitcoin go under regulation - page 37. (Read 211123 times)
I think the world government or world financial organization can manage bitcoins. This is done for the good of bitcoin as well, because if bitcoin is set then bitcoin will not be able to disrupt the economy or finance of the world or a country. Bitcoin will increasingly be accepted by many people and countries if it is well managed.
Ain't their enough hustle by govt already to regulate Crypto?
If you ask for my oppinion, I think for bitcoin to gain global accpetance a few regulations has to be implemented by different governments. The government have always seen bitcoins has a threat to the global financial system, so therefore they won't rest until they succeed in regulating it.
For today in my opinion bitcoin will negatively go under regulation for now because aside from being not legally adopted around the globe cryptocurrencies are also under negotiable for being implemented in many countries. But for me it is better that the crypto or bitcoin should remain for this situation for now, let's enjoy the freedom from taxes.As we aimed for better progress and continueous operation paying taxes is the best can offer, aside from this we are also protected from government has possible to spread bitcoin all throughout the world.
If you ask for my oppinion, I think for bitcoin to gain global accpetance a few regulations has to be implemented by different governments. The government have always seen bitcoins has a threat to the global financial system, so therefore they won't rest until they succeed in regulating it.
For today in my opinion bitcoin will negatively go under regulation for now because aside from being not legally adopted around the globe cryptocurrencies are also under negotiable for being implemented in many countries. But for me it is better that the crypto or bitcoin should remain for this situation for now, let's enjoy the freedom from taxes.My opinion it would be better if bitcoin under go regulations we can freely negotiate anywhere we wanted to about taxes that is only a small amount compared to the profits we earned think flexibility in dealing with businesses.
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.
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.
Couldn't have said it better myself. Yes, the system of bitcoin itself will never be fully regulated, but the methods of exchange will be. This will most certainly be in order to collect taxes but will be done under the guise of consumer protection.
I heard a rumor somewhere that Amazon was considering accepting bitcoin. That's just one more sign of bringing it closer to regulation in terms of exchange. It certainly would be convenient for multinational companies to have a system of exchange outside of fiat currency.
Another possibility is a crypto created by an international regulator/body that is monitored closely by them to protect consumers. Then they can sell consumer data to multinationals and we won't need market research anymore.
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 eventually the bitcoin market will eventually be regulated by the government, it is already attracting the prying eyes of the big guys in Government, it will do some good to bitcoins in terms of price 
Well it is under regulation on a lot of countries at the moment, like the united states, china, japan, new zealand, and a few other mores that have regulated it on the past
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 ?
BTC can not be paid. It is not a physical currency. we can not print or create further BTC. We have their 21kk and the end ....
Today I was thinking how it's possible invest in Futures of Bitcoin and within next days in ETF, but in some Countries is forbidden to invest in Bitcoin...
What a contra sense is it?
What a contra sense is it?
They have a possible that they can regulate bitcoin because of its popularity i hope goverment won't put a tax in any transaction because it makes a bad effect in payment many people will refuse to buy some stuff or what they need. If they want to put a regulation must be prioritize of what people comfortable in terms of transaction. I hope they will consider it.
Impossible. The government can not adjust the value of bitcoin. They can not change anything about bitcoin. But they can ban people in their country not from using bitcoin for payment. And this has a very bad influence on bitcoin. It's correct. If the projects require a KYC participant, the government can control the information of all investors. But I think this will be a safe solution for us not to encounter scam projects.
I agree with you. Theoretically, some large country to ban bitcoin, but it is unlikely that the people will approve such budget spending, and they should be really grandiose. Not to mention buying a lot of equipment, customization and so on.
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 ?
We can not close every possibility that might be comes. But, i think bitcoin will never go under regulation of a governments or institutions, because bitcoin is better without any regulation.
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SCIENTIFICCOIN is a Blockchain platform for scientific projects with decentralized evaluation.
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Scientificcoin.io (the beta version of the crowdfunding platform for scientific researchers).
Hireascientists.com (freelance platform for the science industry).
I hope I did not inconvenience you with my letter.
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A lot of States want to regulate it. I guess it will be happen in next future because it is urgent for each investor
For me it is a good idea bitcoin under go regulation because for the benefits of members and government can earn into a legally position if the rules will be implemented the scammers will fear to allow if there is a rules.
I think for now not, because as far as I know the bitcoin system is the same as the internet, it can be used by anyone without any set entities. imagine if internet usage can be taxed, then certainly innovation will not grow rapidly, just like bitcoin, everyone can have it without any interference from the government, that's the goal Satoshi make Bitcoin. global currencies that are immune from government regulation.
Forgive if my opinion is wrong, everyone has their own opinion.
Forgive if my opinion is wrong, everyone has their own opinion.
The government issued bans on Bitcoin trading. Bankers are prohibited from paying or dealing with Bitcoin. You can't ban human beings from participating. it will likely be very difficult for the authorities to put Bitcoin into their guidelines.
for me it does not necessarily affect the bitcoin regulation if you just follow it well, as many bitcoins that are hard-headed do not comply with bitcoin regulations so they complain about regulation.
If the government accepts the bitcoin and wants to adjust it as prescribed, can it become a legal currency? If this is the case then many bitcoin investors will be very beneficial, the law issued by the state will make the bitcoin less risky and may promote the bitcoin to grow stronger.
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 totally agree. Regulations are indeed very essential because of the way that people use Bitcoins and am talking about those who use it just for criminal activities. It's my hope that these regulations by the governments is going to get rid of all these activities.
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