Re: How is bitcoin supposed to be?

Quote from: davis196 on April 11, 2018, 06:42:39 AM

Quote from: CDAnggoro on April 11, 2018, 06:32:36 AM

If you search at the google about bitcoin for criminals, there is a lot.
For example at this link https://www.thesun.co.uk/tech/5092224/criminals-use-bitcoin-for-dark-web-illegal-activity/amp/.
So if there is nothing correct regulations, maybe a lot of countries will be block this payment system.
And as the effects, price of BTC will be drop soon.
So let's start to discuss, what it the right regulations to avoid Bitcoin used as a payment for crime.

The "right" regulations would be all the new rules that remove the anonymousy of btc transactions.
"Know your customer" policies and ID verifications would become mandatory for all online bitcoin wallet services and all exchange platforms.The harder for criminals to stay anonymous ,the better for the bitcoin community.I know that a lot of crypto supporters hate the KYC regulations,but there`s no other way to reduce the crimes and fraudulent activities with btc involved.

I'm with you, For the sake of bitcoin and to increase the Bitcoin and Altcoins users we need to accept the fact that Bitcoin needs to have KYC Regulating it, But of course, we can still control our money. The only difference is that We can't really use the Bitcoin for crimes. And I think that will be better for all Bitcoin user around the world. As a Cryptocurrency supporter accepting this fact will allow other countries to accept Bitcoin even if it's value is volatile.