Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Domithra on September 14, 2018, 02:19:15 AM
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Bitcoin is incredible the way it was created and the idea behind the decentralization is a revolutionary one yet the rulers (governments) of our countries are in opposition to it. No one can tell vividly what the future holds for Bitcoin and the entire crypto market.
It is all good when Bitcoin undergoes regulation, perhaps the exchange sites will implement that. This will clear most of the tension created about Bitcoin and draw more investors to it.
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Bitcoin is incredible the way it was created and the idea behind the decentralization is a revolutionary one yet the rulers (governments) of our countries are in opposition to it. No one can tell vividly what the future holds for Bitcoin and the entire crypto market.
It is all good when Bitcoin undergoes regulation, perhaps the exchange sites will implement that. This will clear most of the tension created about Bitcoin and draw more investors to it.
I am not agree mate. I think If bitcoin to be regulated, bitcoin will be centralized platform.
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~Is it good idea for Bitcoin to be regulated?~
I think it will be harmful if Bitcoin is fully regulated by governments. We will lose its decentralization and the price may be controlled by someone / a government. Moreover, I am afraid that there is a bad interest can impair the Bitcoin existence. So, I strongly disagree if it is regulated by governments.
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I will not agree if Bitcoin will be regulated because this will become centralized coun and can be controlled by government.This would affect the market price value on Bitcoin.
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In general, institutional antipathy towards cryptocurrencies can be felt in almost every country. Multiple warnings have been issued against their use, many officials have declared that they are illegal.Though the ETF as of this moment did not approve BTC well maybe it could be in the near future. There are some time for it to happen and maybe not for now.
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if we still continue to promote and say good words about it I think the government will regulate the bitcoin and if they see that bitcoin is not a gamble it may happen. But if there are still who are saying negative about the bitcoin then the government will not accept it to be regulate we will have a difficulty to let the government to regulate it.
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If the plan is to prevent the criminals in bitcoin then implementation of regulation is good in order to make it centralized. But I am a Little's bit worried to those who own huge bitcoin because it is possible that they will be one of the target to corrupt their bitcoin.
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Bitcoin can be regulated by states in terms of its circulation within the country, but should not compromise its basic principles and, above all, its decentralization. Therefore, if bitcoin is regulated for legalization by states in terms of its circulation conditions, it will be good both for him and for all the crypto-currency.
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I like it if bitcoin is regulated because this will increase public confidence in bitcoin. And this will have an impact on the value of bitcoin going forward. So doing this regulation will have a good impact on bitcoin.
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i like also the bitcion to be regulated because most of the people will increasingly their confidence to use bitcion or make legalized the bitcion the public trust will increase
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Regulation brings both good and bad effects as already suggested in the OP and in the previous comments. Hopefully, the government finds the "balance" when they make their decision.
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The government has started to underestimate the value of Bitcoin and thinks that regulation is the best way to solve its issue. On the other side, the majority Blockchain developers do not approve the regulatory framework proposed by the government, as they think Blockchain will still reach to something significant in the long run.
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I think yes so that the government will to review or make an investigation if theres a very huge market price fluctuation that influence by some rich investors. Regulation is helpful also to government so they can earn taxes that may help to improve the country by creating some infrastructure project.
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Regulation is good especially in the crypto space where there is no policing. A place where there are hackers and scammers. When there is regulation it will reduce scamming to an extent and it will create trust in the use of cryptocurrencies
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Regulation of BTC will be against Satoshi's vision that is a fact but, to be honest, it might be the only way out, BTC is already drifted far away from Satoshi's vision and instead of being a decentralized currency is turned into an asset people only seek to make profits I see no reason why not just regulate it to it will for sure help the current state of BTC and how people treat it.
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As I mentioned earlier, regulating the industry will be a good thing in the long run, with the most important aspect being mass adoption. Everybody on Steemit is really early adopters of the new technology and this will count in all our favours in the long run. For me regulation means mass adoption, as more and more people will feel more comfortable to invest their money in Crypto Currencies.
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bitcoin is not something that can be arranged and fastened with a regulation. due to its free and unlimited scope of it difficult making it be bound. rather we call with the trick, the trick that we make to set ourselves against the bitcoin with nature.
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I do not agree with that idea, for example if bitcoin is set then the big possibility will have a bad impact on bitcoin
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Bitcoin is incredible the way it was created and the idea behind the decentralization is a revolutionary one yet the rulers (governments) of our countries are in opposition to it. No one can tell vividly what the future holds for Bitcoin and the entire crypto market.
It is all good when Bitcoin undergoes regulation, perhaps the exchange sites will implement that. This will clear most of the tension created about Bitcoin and draw more investors to it.
I am not agree about that. If the bitcoin to be regulation, It will change decentralize to be centralize. It is not good idea.
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I find it tough to see Bitcoin being regulated because I believe that is not what is intended to be. On the other hand, regulation seems to be the only way for mass adoption.
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Yes and i think this is very important for the crypto currency investment to be regulated so this will not abused by many rich investors and also people can ask help to the government just incase there is a problem that may encounter from their investment
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Bitcoin is incredible the way it was created and the idea behind the decentralization is a revolutionary one yet the rulers (governments) of our countries are in opposition to it. No one can tell vividly what the future holds for Bitcoin and the entire crypto market.
It is all good when Bitcoin undergoes regulation, perhaps the exchange sites will implement that. This will clear most of the tension created about Bitcoin and draw more investors to it.
I am not agree mate. I think If bitcoin to be regulated, bitcoin will be centralized platform.
This is a fallacy. State regulation of bitcoin cannot make it centralized. States are simply technically unable to centralize it. In fact, the regulation of Bitcoin means the establishment of its status, the determination of the order and conditions of its circulation on the territory of the state and, as a rule, the establishment of taxation.
Regulation of Bitcoin by the state is a natural and necessary process for the development of cryptocurrency. Without this, the infrastructure for introducing Bitcoin as a payment system will not develop, nor will it be massively used by business structures.
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Many tech investors view the Blockchain in the future as a host for applications, such as crowdfunding and online voting. Although cryptocurrencies have several downsides, strict regulations from the government are not the right solution as they would decrease the market value and prevent the Blockchain from reaching its full potential, such as managing personal identity and improving representative democracy.
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Many tech investors view the Blockchain in the future as a host for applications, such as crowdfunding and online voting. Although cryptocurrencies have several downsides, strict regulations from the government are not the right solution as they would decrease the market value and prevent the Blockchain from reaching its full potential, such as managing personal identity and improving representative democracy.
So, what's your idea about?
Do you state that regulation will cause value reduction of cryptocurrencies?
Or what exactly?
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I think it is a good idea if the government will regulated the bitcoin. It will be easier to have an investments and doing transactions.
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To me the entire cryptocurrency should be regulated, because currently there is too much scam and no one can do anything about, there if there are regulations, I believe it will reduce the level of scam.
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it is true that if Bitcoin is regulated by the government, of course, it will attract a lot of investor interest to join because investors have a sense of security towards Bitcoin, but in my opinion if Bitcoin is regulated by the government then this will eliminate the decentralized nature of Bitcoin
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If Bitcoin starts to be regulated, on the one hand, this is good news, as it will start being introduced more successfully into many countries as one of the main currencies for calculation. But on the other hand, we will not be able to earn on it.
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Bitcoin is incredible the way it was created and the idea behind the decentralization is a revolutionary one yet the rulers (governments) of our countries are in opposition to it. No one can tell vividly what the future holds for Bitcoin and the entire crypto market.
It is all good when Bitcoin undergoes regulation, perhaps the exchange sites will implement that. This will clear most of the tension created about Bitcoin and draw more investors to it.
No, I dont agree Bitcoin to be regulated. It will change bitcoin become centralize. It is my opinion.
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Although i favor regulation but i think too much regulation is not also good for the crypto market. Before anyone could use Bitcoin for their self interest like the dirty money of the illegal people could use Bitcoin to hide their assets in which it makes the Bitcoin price to become more expensive before but now after the strict regulation of every country these illegal people are now neutralized (KYC) to use Bitcoin so i think regulation should be reconsider again but not limited to fraud people for their scam projects.
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Bitcoin is incredible the way it was created and the idea behind the decentralization is a revolutionary one yet the rulers (governments) of our countries are in opposition to it. No one can tell vividly what the future holds for Bitcoin and the entire crypto market.
It is all good when Bitcoin undergoes regulation, perhaps the exchange sites will implement that. This will clear most of the tension created about Bitcoin and draw more investors to it.
I am not agree for bitcoin to be regulated. Bitcoin is block chain system. Bitcoin cannot be regulated.
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Actually, we don't need to be afraid of the opposition that the government is doing. We can manage Bitcoin in such a way that it doesn't have to involve the government in it. I think that in managing Bitcoin correctly is our own consistency and patience in waiting. If the market is good, that's when it sells, and when the market is not good, that's when we buy. That is a normal Bitcoin market setting.
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if bitcoin is regulated by the government, then we will find it difficult to save and investment will certainly have certain requirements and when it wants to sell it will be difficult but there are safer properties, so that our assets will not be lost
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If Bitcoin gets regulation from the government, then I make sure the Bitcoin price will rise.
But maybe it's certain that Bitcoin will be centralized later, because the government also wants to protect its people who have assets in Bitcoin.
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The setting of Bitcoin so far for me is so good and can generate a good Bitcoin market price. With the strategy of attracting new users and investors alike, Bitcoin can bring its market to the best compared to other Coins in Cryptocurrency. It's true, with so many incoming investors and new users, it will increase the level of Bitcoin to become better and more popular.
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The whole concept of bitcoin couldn't be regulated as what government wanted to do so. Bitcoin is decentralized and will always be decentralized to maintain its identity.