I believe bitcoin will not be affected by the system of government of a country. bitcoin will have their own strengths. because bitcoin digital currency is anonymous.
We are hoping for that but if our government in each country will impose any regulation it has a big effect on bitcoin i think not in the speed of transaction it will effect on the price and tax will be included in that i think. 
Topic: Will regulation make bitcoin slower? - page 3. (Read 1879 times)
PayPal is required to hold funds for 48 hours before auto-withdrawing it to receiver's account as per Central Bank's guidlines in my country.
If government regulates bitcoin,will it also become slower for government may ask online wallet and exchanges to hold bitcoin for some stipulated time?
If government regulates bitcoin,will it also become slower for government may ask online wallet and exchanges to hold bitcoin for some stipulated time?
as far as i know this rule was set because of the reversible transactions in paypal and banks so they hold the money for a period of time to prevent fraud,... and since bitcoin does not have reversibility i don't see why they should do this.
besides they are already having some sort of time when they waste like this when you deposit fiat in exchanges for example. but again it is fiat and they want to also check your identity.
I believe bitcoin will not be affected by the system of government of a country. bitcoin will have their own strengths. because bitcoin digital currency is anonymous.
I disagree, bitcoin can certainly be regulated. You just watch.
As far as OP goes, when I sell something on Ebay I have immediate access to my money. So that must vary among countries, and I'm sure if a bank or whatever decided to start using bitcoin as a currency, its use could be regulated just like this. At least that's how I imagine it--and I'm not an economist or politician, so take my opinion for exactly how much you paid for it.
As far as OP goes, when I sell something on Ebay I have immediate access to my money. So that must vary among countries, and I'm sure if a bank or whatever decided to start using bitcoin as a currency, its use could be regulated just like this. At least that's how I imagine it--and I'm not an economist or politician, so take my opinion for exactly how much you paid for it.
The government sure can "regulate" it. But regulation and control are two different animals. They can say "you cannot do this or that" but all they are doing is pushing it to the underground. The more they push it there the more will it be harder to regulate. The black market would welcome this with open arms. So the government better study it thoroughly before those clueless politicians make laws to "regulate" bitcoin.
Regulations won't make bitcoin slow, because its decentralized nature won't allow it. Also by situation if it gets regulated, based upon the strict regulations developers create alternate solutions to overcome the issues and continue bitcoin to be faster.
Regulations will not make bitcoin slower unless the community vote to change some of the current rules via hark fork. Even the blocksize increase is still under discussion and no planned hard fork in the foreseeable future, I doubt we can change the bitcoin system so easily.
PayPal is required to hold funds for 48 hours before auto-withdrawing it to receiver's account as per Central Bank's guidlines in my country.
If government regulates bitcoin,will it also become slower for government may ask online wallet and exchanges to hold bitcoin for some stipulated time?
bitcoin can stand alone. bitcoin system has a feature that allows each transaction is not affected by other things. with the system, the government can not control the movement of bitcoin. the task of supervising the government only.If government regulates bitcoin,will it also become slower for government may ask online wallet and exchanges to hold bitcoin for some stipulated time?
PayPal is required to hold funds for 48 hours before auto-withdrawing it to receiver's account as per Central Bank's guidlines in my country.
If government regulates bitcoin,will it also become slower for government may ask online wallet and exchanges to hold bitcoin for some stipulated time?
But fast or not it's relied on with the government guidelines, I don't think so because basically bitcoin is having a different system with PayPal maybe they will making different guidelines for bitcoin, and adjust to bitcoin. If government regulates bitcoin,will it also become slower for government may ask online wallet and exchanges to hold bitcoin for some stipulated time?
PayPal is required to hold funds for 48 hours before auto-withdrawing it to receiver's account as per Central Bank's guidlines in my country.
If government regulates bitcoin,will it also become slower for government may ask online wallet and exchanges to hold bitcoin for some stipulated time?
bitcoin can stand alone. bitcoin system has a feature that allows each transaction is not affected by other things. with the system, the government can not control the movement of bitcoin. the task of supervising the government only. If government regulates bitcoin,will it also become slower for government may ask online wallet and exchanges to hold bitcoin for some stipulated time?
I disagree, bitcoin can certainly be regulated. You just watch.
As far as OP goes, when I sell something on Ebay I have immediate access to my money. So that must vary among countries, and I'm sure if a bank or whatever decided to start using bitcoin as a currency, its use could be regulated just like this. At least that's how I imagine it--and I'm not an economist or politician, so take my opinion for exactly how much you paid for it.
As far as OP goes, when I sell something on Ebay I have immediate access to my money. So that must vary among countries, and I'm sure if a bank or whatever decided to start using bitcoin as a currency, its use could be regulated just like this. At least that's how I imagine it--and I'm not an economist or politician, so take my opinion for exactly how much you paid for it.
PayPal is required to hold funds for 48 hours before auto-withdrawing it to receiver's account as per Central Bank's guidlines in my country.
If government regulates bitcoin,will it also become slower for government may ask online wallet and exchanges to hold bitcoin for some stipulated time?
If government regulates bitcoin,will it also become slower for government may ask online wallet and exchanges to hold bitcoin for some stipulated time?
Jump to: