Quote from: Wandering Soul~ on November 08, 2016, 12:42:43 PM

Quote from: danherbias07 on November 08, 2016, 10:59:17 AM

Quote from: shyich03 on November 04, 2016, 02:51:39 AM

Since bitcoin and other digital currencies are such a game changer for the traditional economics systems, could there be any government policies that can be devastating to this new market? and even if governments in North America or Europe might not be able to do such things, how about policies from other more centralized countries that could bring the same effect?

I think they will try to take it the website wallet owners. Trying to make them get some more information about the user that will register to their website to use their wallet or those who are old user updating their information.
We lost the privacy there which some of us dont like.

Other than regulating the bitcoin, Verifying your wallet account by submitting some personal information will most likely to happen. An app here in my country that is widely known and I think I highly reputable are already doing this. You must verify your account before you can cash out and the number of bitcoins that you can store is limited.

You cannot expect the government will keep your information private, when it's regulated we will lose the privacy that we have in bitcoin and I guess it will defeat the purpose why bitcoin is created. We should not allow that to happen as the system in place is something we are patronizing for.