Will bitcoin go under regulation - page 38.

sheryl26

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Quote from: rosstiller on June 02, 2018, 06:04:23 AM

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 ?

In spite of this control is important in light of the fact that this will keep speculators from losing misrepresentation from the coordinators of phony activities. Be that as it may, direction ought to be direct. Just for this situation will typical conditions be made for the advancement of the crypto-worldwide biological system all through the world.

Ucy

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Compare rates on different exchanges & swap.

How exactly do you want to regulate Bitcoin? Make rules in secrecy with a bunch of puppets and sneak in more puppets to enforce such rules and run Bitcoin?
Why are human governments so obsessed with power and control? They do not regulate the Ocean current, Sunshine and Rainfall, yet they work. If these things were regulated by us, I'd bet that our enemies's cities would be drown in Oceans, deprived of Sunshine or flooded with Rain water.
The Ocean, Sunshine and Rainfall serve the weak, strong, good, bad, small, big, free, slaves, wicked, kind hearted, murders, thieves, liars, etc So why not Bitcoin? Things were left this way for a reason.

Quote

Many government are seeing Bitcoin or cryptocurrency as a threat to their financial system

Why do they see Crypto and Bitcoin as threat? Does Cryptocurrency threaten anyone with violence or something?
If Bitcoin and Cryptocurrency are threat to the financial systems, it probably means such financial systems are inferior to Bitcoin. They need to be upgraded not to be constantly screaming that Bitcoin is a threat.
The most important thing is that most people are able to use and survive on Cryptocurrency.

semutracing

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do you think that blockchain technology can be governed by the government? Of course not, this technology will not be governed by the government If I do not think it is possible, it is only a threat to the government

PM.coins

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in my opinion, it's hard to happen. government in a country can only prohibit, it does not mean it can regulate bitcoin.
I think it is very clear that it can not.

VipBDN090

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Bitcoin will have to be regulated before hitting the global stage I'm afraid. The governments will want control over it rather than letting people go wild with it. Plus there are many scams and hacking in the current crypto world so it is best have something in place for that.

prediction on bush

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Quote from: rosstiller on June 02, 2018, 06:04:23 AM

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 ?

Will bitcoin go under the regulation? i think that is not a good idea because we all bitcoin is decentralized it means no one can control even the government if bitcoin will regulate many bitcoin user will disagree.

makenoise

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Networks become centralized and if governments fail to see bitcoin as an economic threat. The government has laws to keep fiat in play. If you are American, you still have to pay American taxes in US dollars. in the short term unless the minimum wage. The reason for the rule is to earn more income through licenses but most of the rules are on customer tracking. Regulation and consumer protection are two separate things but bankers never get slapped

Yucco

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Quote from: JPage on July 10, 2018, 07:07:21 AM

Quote from: climaxcrypto on June 09, 2018, 04:52:29 PM

If this happens so, I think, btc might loss the feature of decentralization. But since so many issues are going on that is unexpected, I think btc should go under regulation.

I don't agree with you because I think that regulation in some countries only bubble for people. Government's are using bitcoin only for personal features.

Despite this regulation is necessary because this will prevent investors from losing fraud from the organizers of fake projects. But regulation should be moderate. Only in this case will normal conditions be created for the development of the crypto-global ecosystem throughout the world.

petubtc

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Bitcoin being regulated will be against its principles of being decentralized. It probably will be regulated even if governments are still trying to find way to control it.

JPage

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Quote from: KID_28 on June 29, 2018, 08:53:27 AM

Yes for sure. The government of each countries has no way of blocking cryptocurrency on their countries, the least they can do is to allow crypto to be established in each country and regulate it.

It will be very good for us. But I think it can be real only in a few years. Still many countries are blocking cryptocurrency because they want to have some profit in their pockets.

Raja_Salman

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Quote from: rosstiller on June 02, 2018, 06:04:23 AM

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 ?

it is possible to regulate that it can not be done absolutely and completely, perhaps monitoring or supervising all that is related to the cryptocurrency itself

franciscoDC

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I think as long as many government will focus on it,and they see that they could put regulation on it, and if this thing will let happen ,i`m sure that they are using it to put tax from the user of it ,by collecting from the branches who accepted bitcoin.

JPage

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Quote from: climaxcrypto on June 09, 2018, 04:52:29 PM

If this happens so, I think, btc might loss the feature of decentralization. But since so many issues are going on that is unexpected, I think btc should go under regulation.

I don't agree with you because I think that regulation in some countries only bubble for people. Government's are using bitcoin only for personal features.

Suffoc8

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Quote from: rosstiller on June 02, 2018, 06:04:23 AM

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 they ban bitcoin and othercryptocurrency because they rhink that bitcoin can be a cause to much bigger issues such as bitcoin can be used online and it is hard for the government to trace it like buying illegal products or any illegal stuff.

PelevaVika

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If bitcoin starts to be regulated, then this will kill him. Because then it will cease to be different from the usual national currency.

stasik201330

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Quote from: franky1 on June 02, 2018, 06:24:41 AM

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.

Thank you for the detailed answer!
You have very correctly and accurately described the regulatory system ... Unfortunately, this regulation is not in our favor, not in favor of the consumer. The governments of the countries want, above all, to "secure" themselves, charging as many taxes as possible.

aliichaudhary

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of course the government can set cryptocurrency or bitcoin. I think this should be set. It's totally under government.

Stromspirit

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I do not think that any government can manage its own bitcoin, because they can not control the Internet with so much homework done. But the Government can control the income from bitcoin and crypto currency when you decide to exchange your btc funds with paper money.
In most countries, I'm sure you will not report it and pay taxes.

Saritelli

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I think that bitcoin will definitely fall under the influence of regulation. There are other anonymous coins. I certainly think that bitcoin shouldn't be decentralized.

Joshapat

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I hope that all countries immediately make regulations about bitcoin, we all know that the number of bitcoin users continues to increase drastically and bitcoin is widely used for bank substitute transactions so regulation is required.

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