without regulation of those exchanges, btc will never be in a high price - page 2.

teukon

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Quote from: ~Coinseeker~ on March 13, 2014, 01:45:36 PM

A poor regulatory framework is one of the big things holding the entire space back by preventing wonderful new startups, from building the much needed infrastructure. People can say they don't want it and we should find different solutions but I don't see any solutions being proposed. I just see a "lets do nothing and hope for the best" approach.

You have that entirely backwards. Mandatory regulations inhibit startups and consequently retard competition. They can be a boon in the short term, but are a curse in the long term.

Meanwhile, market forces are addressing the problem, to the extent that people want, as efficiently as possible, with no coercion.

~Coinseeker~

newbie

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Quote from: bananas on March 13, 2014, 02:37:33 PM

Quote from: bananas on March 13, 2014, 01:53:07 PM

high price is bad, always

regulation is also bad, always

Right because clean drinking water and safe food is highly overrated. Who needs such things? Roll Eyes

Lauda

legendary

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Terminated.

You're waiting for the ETF?

FelixOliver

full member

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Regulation is why we are all subject to this draconian financial system... Same thing with the Oil industry... They use regulation to squash innovators who invented new means of powering cars i.e using water... We certainly don't need regulation at all...

I will vote yes for decentralization though, so that every part of the network can be truly peer-to-peer

bananas

sr. member

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Quote from: bananas on March 13, 2014, 01:53:07 PM

high price is bad, always

regulation is also bad, always

rohnearner

sr. member

Activity: 350

Merit: 252

REAL-EYES || REAL-IZE || REAL-LIES||

Quote from: TTBit on March 13, 2014, 12:31:25 PM

In favor of forced regulation, or voluntary? Your POV will not be respected if you force 2 people to follow a set of rules which they ordinarily wouldn't agree to.

there is a lot that we can do to improve bitcoins and make it better without compromising on the key features of bitcoin protocol ..! voluntary regulation gets my vote here..! but this is not the only concern we are surrounded with as BB[Bitcoin Believers]

bananas

sr. member

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high price is bad, always

~Coinseeker~

newbie

Activity: 56

Merit: 0

A poor regulatory framework is one of the big things holding the entire space back by preventing wonderful new startups, from building the much needed infrastructure. People can say they don't want it and we should find different solutions but I don't see any solutions being proposed. I just see a "lets do nothing and hope for the best" approach. That's just not realistic if the digital currency space is ever going to see the masses jump on board.

spazzdla

legendary

Activity: 1722

Merit: 1000

When the debt bubble blows up... Things are going to get interesting.

TTBit

legendary

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Quote from: rohnearner on March 13, 2014, 12:22:57 PM

This is the Idea many will disagree to , few will call it totally absurd and few will appreciate it..., I'm one of those who'll vote in favor , I hope other members will respect my POV even if they don't agree..! When we talk about some kind of regulation we are not talking about just govt involved we can look for some other solutions ..!

In favor of forced regulation, or voluntary? Your POV will not be respected if you force 2 people to follow a set of rules which they ordinarily wouldn't agree to.

rohnearner

sr. member

Activity: 350

Merit: 252

REAL-EYES || REAL-IZE || REAL-LIES||

This is the Idea many will disagree to , few will call it totally absurd and few will appreciate it..., I'm one of those who'll vote in favor , I hope other members will respect my POV even if they don't agree..! When we talk about some kind of regulation we are not talking about just govt involved we can look for some other solutions ..!

Sir Lagsalot

sr. member

Activity: 323

Merit: 250

The lion roars!

OP seems to have strong opinions but little experience.

Trusting 'the authorities' to solve our problems with crypto exchanges won't work. We can see the failure of this approach in the endless scandals across "regulated markets" - Libor, precious metals, sub-prime, HFT etc.

Regulatory capture is the inevitable result of such an approach.

We must arrive at a cryptographic solution. Maths is a lot more trustworthy than masters.

marcotheminer

legendary

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Merit: 1049

┴puoʎǝq ʞool┴

Quote from: kronos1980 on March 13, 2014, 02:38:12 AM

it is a joke that lots of guys here are preferring mtgox than supervision.
Could any one show an evidence that btc will be destroyed by supervision? I guess no.
The only way now to push a Higher price Is by the exchanges, and without stability and trustworthiness, no one could ever guarantee enough trading to keep a good price.
Why they are jokes? The real aims of people here are not making contributes to btc, but only earning more money, however they deny those regulations to keep exchanges transparent. Since they won't contribute btc evolving more to the real economy, it will just be a logic deadlock.
In fact, every exchange is mtgox. I never trust any moral discipline of an exchange. These are things only related to humanity, not capital. Such a disorder of exchangeS, as they will eventually keep a higher and higher gate to normal people, will kill tradings, the best thing in raising price of btc

some exchanges ARE legit, eg bitstamp and coinbase. They have preformed audits that prove they have the btc on hand.

BittBurger

hero member

Activity: 924

Merit: 1001

How about this:

Govt will regulate certain exchanges.

And Bitcoin will continue to operate outside of Government as well.

I basically see both happening.

How?

Decentralized exchanges.

Folks - you must not be up to date on the latest news. Please listen to Lets Talk Bitcoin podcast daily if you can.

There are Decentralized exchanges on the way which are not run by any human being.

They will operate outside of regulation. People will have the choice to use regulated exchanges, or decentralized ones, I assume.

And because the decentralized ones are decentralized, they can't be shut down.

I think both will exist side by side.

Even if Bitcoin gets fully regulated, it will still operate underground on some level.

-B-

cryptoanarchist

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Quote from: kronos1980 on March 13, 2014, 02:38:12 AM

it is a joke that lots of guys here are preferring mtgox than supervision.
Could any one show an evidence that btc will be destroyed by supervision? I guess no.
The only way now to push a Higher price Is by the exchanges, and without stability and trustworthiness, no one could ever guarantee enough trading to keep a good price.
Why they are jokes? The real aims of people here are not making contributes to btc, but only earning more money, however they deny those regulations to keep exchanges transparent. Since they won't contribute btc evolving more to the real economy, it will just be a logic deadlock.
In fact, every exchange is mtgox. I never trust any moral discipline of an exchange. These are things only related to humanity, not capital. Such a disorder of exchangeS, as they will eventually keep a higher and higher gate to normal people, will kill tradings, the best thing in raising price of btc

EPIC Fail.

The OP must be completely unaware that MtGox was the first exchange to be regulated. MtGox was the first exchange to make you "verify" your ID with government docs - and even then the gov shut down their dwolla account.

Even so, the price of bitcoins has risen in 10-fold increments without gov regulations, namely because regulating bitcoin is impossible - making the OP's argument stupid as hell.

TTBit

legendary

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Have some regulated exchanges, have some without. Let them compete in a free market. You suggest the regulated exchange will be preferred, some would disagree.

corebob

full member

Activity: 238

Merit: 100

I think we need to separate things here.
Basically, crocks are still crocks and tricksters are still tricksters.
The regulators should have what they need to go after these guys, and bitcoin doesn't really makes that any harder.
This applies to fiat->btc and btc->fiat exchanges.
Everything else should be based on decentralized protocols, as is tradition by now.

teukon

legendary

Activity: 1246

Merit: 1011

Quote from: kronos1980 on March 13, 2014, 02:38:12 AM

I never trust any moral discipline of an exchange. These are things only related to humanity, not capital.

Government regulators are humans too and I sure as hell don't trust their moral discipline.

Quote from: kronos1980 on March 13, 2014, 02:38:12 AM

... without stability and trustworthiness ...

Tiringly predictable faulty assumption: regulation is necessary for stability and trustworthiness. You probably believe in intelligent design too.

Quote from: kronos1980 on March 13, 2014, 02:38:12 AM

The real aims of people here are not making contributes to btc, but only earning more money

Take a good, hard look in the mirror.

Dalmar

hero member

Activity: 1106

Merit: 500

Life is short, practice empathy in your life

Most bitcoin exchanges profit from squeezing out margin traders and other methods of market manipulation.

With regulation, most of their profit is gone.

Malin Keshar

hero member

Activity: 616

Merit: 500

regularization = stole your money legally under the pretext of avoid have your money stolen illegally
for some people also:

regularization = I have someone to blame for my own mistakes

Topic: without regulation of those exchanges, btc will never be in a high price - page 2. (Read 3602 times)