Quote from: darkangel11 on April 07, 2018, 11:05:17 AM

Quote from: Bachelorrd on April 07, 2018, 10:54:00 AM

Quote from: dothebeats on April 07, 2018, 10:48:31 AM

It's about time, considering that market manipulation on cryptos is like the norms of today, and if people are really serious in getting this thing to the next level, they should realize that bitcoin--and cryptocurrencies in general--should mature. Regulations IMO are not as bad as what other people portray them to be. If the right regulations were placed in a given market, it will flourish and attract more people into it.

They're too afraid about the regulations that it might remove what was the purpose of BTC to give anonymity. But in reality all of the actions from the government was I think to protect the people. As you said, this regulations is needed for the cryptocurrency to level-up.

Do you really believe that the government is there to do you good?
I believe in the self regulation of the market. Rules imposed by the authorities only create confusion, scare people away, and most importantly aren't free. If the government touches something and puts in work it's going to have to bring them profit later. This means taxes on top of taxes for you and guys in suits on your doorstep.

It's actually better to have a self regulating body if it is impossible for this to be imposed. If there are private parties within the cryptocommunity which could provide for the regulation, then there won't be need of government intervention.

While the government has the task to protect and safeguard it's citizens, they also generate revenue through taxes - a tool they could use through cryptocurrency regulation. Expect taxes when the government gets involved. Are you ready to pay a little extra when this happens?