Quote from: rokkyroad on August 09, 2014, 04:29:18 PM

Quote from: billotronic on August 09, 2014, 02:26:19 PM

First rule of crypto's is NO FUCKING REGULATION!

Seriously, are you people high? Why are you even here then? Go play by the white devil's rules of Wall st if you want fucking rules.

Look, I know people get ripped off and scammers scam, but instead of defeating the whole purpose of crypto's, why not get off your fucking asses and educate the n00bs. Call the cunts out for their bullshit. Scream it so loud that every member of the cryptocoin scene will never again doubt. If those of us 'in the know' did our fair share, the shit tornado of coins would come to a halt.

Only you can prevent scamcoins

Sadly, regulation will rule in the end for two reasons.

1. Its money. Government will have control so they can get their piece of the pie.
2. Too many people screaming "I got scammed or robbed; government and law enforcement has to do something".

Forums like this and exchanges have the power to curb some of the menace and put off the inevitable.

First remember rule number 1, It is Money.
One of the major arguments against Bitcoin etc. is that no one will ever commit significant funds to it because there are no rules. Throw in the wild west Altcoin world....
How big is the "average" trader of any coin on any exchange? We know there are 'whales' out there, and the manipulators....
In the real world of money, bitcoin ($8 Billion mkt cap) is tiny.

There are Good regulations. There are a lot of bad ones to.

Ultimately this thread is about trust, as in regulations that would increase levels of trust. Anyone have an idea on how to increase the level of trust in the land of cryptos?
Let the community decide? (a sort of SRO type action) also very slow
Let the Exchanges decide? (another SRO type option) could move quickly if someone took a leading role
Do nothing? (All of crypto dies of a thousand cuts)

Ultimately coin value is based on Supply and Demand. But understand how important the concept of trust is on both sides.
If you trust you will be able to sell/exchange/trade it for something of relatively equal value in the future, a coin is sustainable. If not... RIP I believe is the current catch phrase. (Note: Trust in the blockchain IMHO has little value)