Regulation of Bitcoin

[zgrdyg]

Regulations can bring balance to cryptocurrency world but it definitely kill the idea behind it. Also we will forget the 10x price increases in a week.

[roykiyosi]

crypto itself was created to avoid government regulation. i think it's hardly possible in real life.

The unstable value of Bitcoin can be influenced by news about the vulnerability of the security level when using Bitcoin. This condition never happened when the Bitcoin community exposed the security vulnerabilities in generating a large open source response in the form of security level improvements.

This security approach produces a pretty good paradox. Another example is the vulnerability of the OpenSSL bug that was attacked by Heartbleed in April 2014, later reported by Neel Mehta who is a Google security team. The news has an impact on the fall in the value of Bitcoin in the following month. The decline reached 10% in April vs. US Dollar.

[backspace]

Although considered a threat, the government needs to consider adopting and regulating bitcoin. The government can manage bitcoin and apply taxes to bitcoin. That way the government benefits and bitcoin shareholders also feel more comfortable using bitcoin. Because there is already legal protection for using BTC.

[LogiC]

Regulations can bring balance to cryptocurrency world but it definitely kill the idea behind it. Also we will forget the 10x price increases in a week.

This is the most interesting response on this post about regulation. Simple but concise explaining what will happen on the crypto market. Precisely this will happen when the regulation started to be implemented. Exactly this! Kudos, to you mate like your statement.