Quote from: GenieBTC on March 17, 2015, 03:27:05 AM

Quote from: thejaytiesto on March 16, 2015, 02:39:26 PM

Quote from: Beatkoyn on March 13, 2015, 06:56:37 AM

Is Regulation The End For Bitcoin?

http://bitforum.info/t/is-regulation-the-end-for-bitcoin/396

Maybe bitcoiners doesnt say this out loud but majority of us question ourselves, if Bitcoin will be regulated. Would it be the end?

I mean, if there is a central entity that regulates Bitcoin, do you think that they're regulation would be 'limited' or will they violate a bitcoiners privacy for the sake of 'regulation'?

In the article, it reads the advantages of regulation.

Can you give out negative effects if Bitcoin is regulated?

They can regulate all they want, they cannot come into your house and tell you what to do with your Bitcoins. As long as you don't convert to fiat reguations don't even matter.

Are you really that sure that authorities will not barge in to your house if you use unregulated coins? Think again.

In America? Probably yes as US government tends to be overactive to to the point is not funny anymore. In EU, I doubt it. But I already can tell that politicians want our money more and more. So sooner or later bitcoin will taxed along the way. And they probably do this in indirect way. That mean every service related to any form of cryptocurrency will be paying tax - just for using bitcoins.