Regulation or Privacy?

[teminalibug 309]

Importance of Cryptocurrency regulations and KYC

• AML (Anti Money Laundering)
• Keeping an Eye on Transactions
• Risk Management
• Seamless monitoring of transactions to ensure regulatory compliance, figuring out suspicious activities.

Importance of Cryptocurrency Privacy

• Danger from criminals
• Better basis for companies and private individuals in negotiations
• Contaminated coins can lead to blacklisting
• Censorship and prohibition
• Just privacy

As you can see Both Cryptocurrency privacy and regulation have importances, what what do you think you real need?

 

[soupster 239]

Both have equally good sides and bad sides. i think a bit of regulation and maybe a bit of privacy would be better than leaving out one option completely. 

[teminalibug 309]

27 minutes ago, alther said:

I prefer regulations because there are many benefits in regulations. One of the main things is the legalization of the latest cryptocurrency.

Why didn't I choose privacy because it turned out that crime actually favored and many used this as their choice.

Well if we want freedom we should know that it comes with a price, but if we allow regulations we lose some of our rights to the government. And Crypto won't be so different from fiat.

[Akash0011 136]

i like to vote on privacy mate.. there are so much way to choose regulation mate.. cause now a days so many people know about crypto currency and they believe on it from all over the world.. some of people don't believe on it and some of countries banned crypto but soon they also realize the value about crypto currency mate.. but i need privacy cause who launch btc and first blockchain he/she don't face to anybody or media cause he/she know the main value of privacy mate... 

[Crypto123 0]

I prefer privacy more, because I think one of the most important advantages of Bitcoin is being anonymous where you can make all your conversions away from complexities and censorship. There is no doubt that this advantage is used by criminals to hide their crimes, but any thing in life has two negative and positive aspects and we can not cancel the progress just because one of the criminals can use it badly.

Edited November 11, 2019 by Crypto123
Misspelled

[teminalibug 309]

13 minutes ago, Ohmygoddess said:

Great point. I agree completely. If regulators are governments the basic principles of bitcoins will disappear. Therefore registrations must be given by cryptoworld community in form democratic, anonymous and decentralized, as Nakamoto said several years ago.

If nakamoto was alive to see this he would withdraw all his coins and regret his creation, we the people and crypto business owner should be the front line to reject this, but like fools we're submitting to it.

[Lucifer 134]

2 hours ago, teminalibug said:

Risk Management

For whom it is? I think they regulate for the benefit of themselves, the truth is that bitcoin was created to have privacy and remain anonymous, but exchanges are forced to make these kinds of decisions while changing all the meaning of what is bitcoin.

4 minutes ago, teminalibug said:

If nakamoto was alive to see this he would withdraw all his coins and regret his creation, we the people and crypto business owner should be the front line to reject this, but like fools we're submitting to it.

I don't think he's dead, but it's true he may have regretted it.

[bitcoin-shark 1928]

for me, privacy matters more, is the very principle on which the crypto are based, being able to operate, make transactions in complete anonymity and in privacy, without the control / supervision of anyone like banks or governments, have total control of the own finances

[IrinaLavrinova 365]

In its short life, Bitcoin has already managed to transfer many crucial moments and was able to survive, and given the incredibly fast-growing ecosystem, I can even say that it’s not just to survive, but to gain strength. And if he can survive the “friendly” courtship of regulators, his strength will only grow.

[teminalibug 309]

6 hours ago, Ohmygoddess said:

Yes. That people is moving by their business needs not for building the institutional changes that cryptoworld must be impulsing. Sad fate for Nakamoto's ideals.

But we should know we're killing bitcoin ourselves, in few years when all of crypto world is ben regulated, we are gonna say, we could have.

[Tine0313 3053]

Well for me people in cryptoworld need both. We need regulation so we have rules we need to obey and we also need privacy so we can secure our account because if only one was implemented, well we can still have problems.

[Rg123 318]

Well, i will choose regulation, like here, we are reading the rules and regulations for being an good member and no do evers like spammning scam and more.

[teminalibug 309]

Just now, Mr. Jur said:

We all know that we all need privacy because here in bitcoin have scammer, hackers and more. So be more careful on hackers and scammers.

To be honest my forend hackers and scammers are least of my problems now, used to be my prior concern, but now these regulations are my biggest concerns.

[aqua 773]

We need both because by using both, cryptocurrency will have a strong position in the government eye. People will believe that cryptocurrency has got support from the government. Besides that, I think with both regulation and privacy, people will feel safe, although to invest in cryptocurrency or to use cryptocurrency will have a risk too. If regulation and privacy can happen in all countries, we don't need too long to see cryptocurrency will grow fast so that crypto can reach all people from all over the world. That will give a chance to people to learn more about cryptocurrency, and they don't have to worry from the government like today.

[Congli18 154]

I prefer privacy because not everyone knows my true life, and I also don't like rules, because many rules of life that are not free are always burdened by rules

[Rifrach 207]

Almost all countries have laws which, in various ways, limit privacy, for example, tax rules generally require the provision of information about income (salaries). Similar to bitcoin, it limits the privacy of miners. Are there any rules that govern the protection of personal account user data on the internet, especially bitcoin users against cracking (piracy) in cyberspace?

[kyoukage01 3181]

If regulation is to be implemented, it should be done by an independent entity that is not bound by any other government or institutions, and does not choke the people involving themselves in cryptocurrency with tight leashes, especially on their privacy matters. Something that is more akin to "watchdogs". We do have a need to bring criminals involved in crypto to justice.

Edited November 12, 2019 by kyoukage01

[teminalibug 309]

22 hours ago, Ohmygoddess said:

Strongly agree. Therefore, working here is not only about earning a few satoshis, that it's good too, but principally on teaching and learning the long-term goals of cryptoworld.

You should take your posting here as just discussing and learning rather than working. That way you will find yourself not moved to spam and also you will learn a lot.

[Sumayya 493]

Privacy matters a lot regulation is just to avoid the bad people from getting into the system and that helps out a lot from scammers

[Rares002 262]

I personally don't think we need regulation. Bitcoin was created so that everyone can keep their money safe in wallets without having to worry about governments controlling their transactions and asking them to pay taxes

[teminalibug 309]

On 11/12/2019 at 4:42 AM, kasimu said:

We want full privacy but also we know that some regulation is necessary. 

I understand what you mean, but you must not put one leg out the other inside, which side you're on my friend, regulations and KYC or Privacy?

[Riri07 25]

I prefer the regulation because its more likely how it works. In this case, the people using cryptocurrency need to follow and obey the regulation and the privacy will be the next. It is also importance because you can't keep your account if you secure your account.

[ASDFGHJKL17 267]

Hmm... For me i will choose privacy, because i need privacy more than regulation. Because i know that privacy would help me to secure and also to protect me  if i have privacy. 

[ElChupakabra 64]

I'll go to regulation. You are not the moderator and you're a member so supposedly you musy ibey the regulations and it can also thought us how to discipline and follow its rule.

[teminalibug 309]

On 11/12/2019 at 4:53 AM, Jon said:

Regulations is good but it will look that the blockchain is in control. The laundering if money by dubious people will reduce.

But let us be honest here, what do you think was the real purpose for these regulations.