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[SCAMEXPOSER]

The social media which is a strong weapon or tool of global communication is constantly discussing crypto currencies and it activities , this is no doubt making them more popular and their engagements too.

As good as many sees crypto currencies there are lots of flaws in it like their illegal uses, lots of scams via airdrops and continuous in flow of new coins by individuals or groups.

In your opinion do you think crytpo currencies should be Regulated and control by authorities while the world use them for all digital transactions?.

 

[microunit]

if cryptocurrencies do get regulated people or digital wallets might require people to do KYC verification just like what other wallets are already doing but i dunno if this will lessen scams and blackmarket transactions, though number of new thrash/no use coins can be lessen with regulation

 

[SCAMEXPOSER]

if cryptocurrencies do get regulated people or digital wallets might require people to do KYC verification just like what other wallets are already doing but i dunno if this will lessen scams and blackmarket transactions, though number of new thrash/no use coins can be lessen with regulation

I agree with you to an extent cos with that verification wallet owners could serve as bankers such that they can monitor the nature of transactions been done with crypto currency.

 

[Babarbaig668]

I have an awesome idea.
Every country should make their own crypto currency which can easily be legalized because it would be the property of government and their should be a single blockchain website where everyone can trade or exchange their money into other currency easily and it must not be own by any country it must have globally ownership.

 

[SCAMEXPOSER]

I have an awesome idea.
Every country should make their own crypto currency which can easily be legalized because it would be the property of government and their should be a single blockchain website where everyone can trade or exchange their money into other currency easily and it must not be own by any country it must have globally ownership.

Their is a very wonderful idea , this could limit the way and manner with which people or group of individuals create new coins without justification.

 

[Balint098]

Then it should not be named cryptocurrency, since one of the most essential factor in crypto is the decentralized part. Without it, it will be just like any other digital currency.

 

[Reznov]

Having cryptocurrency regulated has pros and cons, from a side , the illegal activities number will hugely drop but from another side it will be abused or massively modified

 

[Babarbaig668]

Their is a very wonderful idea , this could limit the way and manner with which people or group of individuals create new coins without justification.

Yes absolutely there are thousands of coins are available in the internet market and no one is going to stop them and most of them are scams.

 

[microunit]

Yes absolutely there are thousands of coins are available in the internet market and no one is going to stop them and most of them are scams.

most of the coins are useless and have no backbone, most of those coins are just created on a whim by random people just wanting to get into the crypto game, making and spamming random coins

 

[Babarbaig668]

most of the coins are useless and have no backbone, most of those coins are just created on a whim by random people just wanting to get into the crypto game, making and spamming random coins

Only trusted are
Bitcoin
Etherium
Litecoin
Ripple
Bitcoin cash
Etc

 

[SCAMEXPOSER]

Only trusted are
Bitcoin
Etherium
Litecoin
Ripple
Bitcoin cash
Etc

I agree with you my friend, I doubt if there is any coin that is competing speedily with the above mentioned coins , If I will add I could doge coin and dash coin since they're mostly used for faucets.

 

[Brain]

Then it should not be named cryptocurrency, since one of the most essential factor in crypto is the decentralized part. Without it, it will be just like any other digital currency.

You just mentioned the outstanding which is decentralized part of crypto, because regulations will bring crypto being centralized. But fraud should be minimised if possible.

 

[RaOne]

Good and bad, good because transactions will be tracked and users details will be known by the controller which leads to a huge illegal activities usage drop, and bas cause whoever will control it will use it for his own benefit and we will see a new paypal ...

 

[westmania]

Regulation (verification of wallet holder and a limit on coin capacity per wallet) will just kick "popularity" out of crypto and eventually graph of crypto will fall down towards Fait payment systems that has thousands of issues. I think crypto is more popular just because anonymous account number, no limit one can put 5000000 btc on wallet no issue so far so good, no refund is another grear feature (cause where is refund some people will get the job done and then ask refund with low mentality and I am pretty sure this will be a culture if crypto refund is inteiduced and sender or receiver identity is hidden). So far no one complains that he got a 0.0035 BTC payment on wallet and that was fake bitcoin.

 

[Balint098]

Regulation will only serve to kill bitcoin or any other cryptocurrency for that matter. Why can't people see this? It will reduce fraud or any other fraudulent activity but creative scammer will stil able to scam people with crypto.

 

[westmania]

Regulation will only serve to kill bitcoin or any other cryptocurrency for that matter. Why can't people see this? It will reduce fraud or any other fraudulent activity but creative scammer will stil able to scam people with crypto.

Totally agree with you. Freedom is one good criteria for popularity and growth of cryptocoins. Bitcoin wallets are just a push and done - so easy thats why it get a huge user interest. If they see like your wallet is limited or closed as you did not visit last 90 days - people will not welcome it for sure.

 

[Balint098]

I mean, even with fiat money people will always lose their money to any creative enough scammer. Most HYIP programs use fiat money and people are willingly walk right into their trap in hope for a little return with high risk.

 

[westmania]

I mean, even with fiat money people will always lose their money to any creative enough scammer. Most HYIP programs use fiat money and people are willingly walk right into their trap in hope for a little return with high risk.

Yes and they get paid too in early stages. Ine of my friends got hundreds of doge and suggested me to invest but reality is after again deposit when you count days to get a food profit anytime they turn to scam.

 

[Coolvibez]

I think if its regulated more people will want to invest , because most people still dosent believe in crypto because some say its not regulated
It will also reduce the fraudulent and scam activities

 

[SCAMEXPOSER]

I think if its regulated more people will want to invest , because most people still dosent believe in crypto because some say its not regulated
It will also reduce the fraudulent and scam activities

It is regulated by the force of demand and supply to a greater extent and the whales are also doing that but the only challenge is that it is not controlled by government.