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Author Topic: Is it good idea for Bitcoin to be regulated?  (Read 2830 times)

Offline Domithra

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Is it good idea for Bitcoin to be regulated?
« on: September 14, 2018, 02:19:15 AM »
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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Is it good idea for Bitcoin to be regulated?
« on: September 14, 2018, 02:19:15 AM »

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Re: Is it good idea for Bitcoin to be regulated?
« Reply #1 on: September 14, 2018, 02:41:59 AM »
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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Re: Is it good idea for Bitcoin to be regulated?
« Reply #1 on: September 14, 2018, 02:41:59 AM »

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Offline alltalk

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Re: Is it good idea for Bitcoin to be regulated?
« Reply #2 on: September 14, 2018, 04:35:11 AM »
~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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Offline jbc081475

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Re: Is it good idea for Bitcoin to be regulated?
« Reply #3 on: September 14, 2018, 06:43:03 AM »
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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Offline OKI AL AZIZ

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Re: Is it good idea for Bitcoin to be regulated?
« Reply #4 on: September 15, 2018, 03:08:44 AM »
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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Offline OKI AL AZIZ

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Re: Is it good idea for Bitcoin to be regulated?
« Reply #5 on: September 15, 2018, 03:33:05 AM »
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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Offline Master107

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Re: Is it good idea for Bitcoin to be regulated?
« Reply #6 on: September 15, 2018, 06:27:24 AM »
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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Re: Is it good idea for Bitcoin to be regulated?
« Reply #6 on: September 15, 2018, 06:27:24 AM »


Offline Fenix

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Re: Is it good idea for Bitcoin to be regulated?
« Reply #7 on: September 18, 2018, 12:22:33 AM »
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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Re: Is it good idea for Bitcoin to be regulated?
« Reply #8 on: October 27, 2018, 09:48:23 AM »
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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Re: Is it good idea for Bitcoin to be regulated?
« Reply #9 on: October 27, 2018, 10:19:46 AM »
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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Re: Is it good idea for Bitcoin to be regulated?
« Reply #11 on: October 27, 2018, 05:22:18 PM »
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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Re: Is it good idea for Bitcoin to be regulated?
« Reply #12 on: October 28, 2018, 06:21:05 AM »
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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Re: Is it good idea for Bitcoin to be regulated?
« Reply #13 on: October 28, 2018, 07:10:08 AM »
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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Re: Is it good idea for Bitcoin to be regulated?
« Reply #14 on: October 28, 2018, 07:30:08 AM »
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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