Bitcoin Forum

http://qz.com/670708/the-british-government-is-considering-paying-out-research-grants-with-bitcoin/

Very good this will be standard practise in 15 years time and we will look back and wonder why we ever doubted it.

Now this would be something quite interesting and very unexpected. This would definitely be a very positive sign, should it ever happen.

Speculation.

Good news.This is definitely going to give bitcoin a great boost.I am sure other Governments will follow in the footsteps of British Government and give bitcoin its due recognition

promising in that they are thinking of using some kind of blockchain to watch over the transactions. Blockchain get thrown around quite a lot these days though. not necessarily bitcoin. Still good news though.

The United Kingdom is the leading country in Finance Technologies startups. The legal framework there allows innovation to prosper. That why Bitcoin and Ethereum ecosystems will grow rapidly there.

Bitcoin is going mainstream!

My friend from UK wanted to buy bitcoin from some UK based exchange, to no avail. It is crazy hard with their banking regulations to buy bitcoins fast and fees on their exchanges are horrendous.
From my experience I found it is easier to buy bitcoins in Russia that in UK.

Studies on the blockchain technology and not the whole bitcoin protocol, I might say. Several institutions already showed motives on developing their platforms within a blockchain or with a blockchain. Much to my dismay, they only acknowledge the concept of the public ledger system and not the whole protocol per se. Overall, a nice news for bitcoin.

"The United Kingdom’s government is exploring using bitcoin, or some permutation of the blockchain technology that underpins it, to pay out and monitor taxpayer-funded research grants."

It is just the management with the block chain technology.

Interesting, I never realized the British government was so Bitcoin friendly.

This is very good news, I am curious to see what happens to it in the future and if they continue this program.

I don't know why they started to give out grants in Bitcoin, but it's fine by me. I don't mind the extra publicity.

Lovely to see some endorsement from the government.

I think the British government considers many things and this shouldn't be given too much weight xD

That's correct, throughout 2015 we heard so many things from UK officials about bitcoin but not much has come out of all this. They might as well take the opposite approach, let bitcoin users do what they want with minimal interference from them as government.

not bad,its make bitcoin more popular on united kingdom,and people will know that goverment not fully hate bitcoin,they also considering to make bitcoin acceptable in every sector.

Could've been worse though. Could've pulled a New York on it :P

Read the article and I know they say the government is becoming more excepting of bitcoin but most of the article is talking about blockchain technology and how they can use it. The only real reference to bitcoin is that it was used once in bitcoin atm by Osbourne.
So I am curious how they plan to use blockchain technology for grants if they are not using bitcoin,but I guess that is where we get the nudge towards bitcoin usage.

After reading a article about Russia cracking down and Britain being more open I am starting to wonder if there is more to this than meets the eye. Like bitcoin may be the way to take down some of these Countries that oppose or reflect a different image than the majority.

The British government is interested in the Blockchain technology but it seems they are open to ideas for alt coin Blockchains as well and are not stopping with just the Bitcoin Blockchain. They want to monitor where the tax payers' money is going so a Blockchain will serve as a giant surveillance system that will record every dispensed research grant and make it available to audit for all the parties involved. No one will try to embezzle research grants if everyhone is watching who has the money and what they are doing with it.

Wow that's good news. I heard that the Bank of England launched their own bitcoin.
Which means the British are closely watching the developments in bitcoin.

Launched their own bitcoin? What does that even mean?!! If they made an altcoin it isn't making their own Bitcoin!

It sounds like they want to have an online ledger to keep track of research grants, I doubt they will be using bitcoin for that though.

correct. the UK is a fucking disgrace compared to almost anywhere else for buying and using bitcoin. just goes to show the power of banking when they refuse to play.

UOW! Wolderful news!

This is definitely going to give bitcoin a great boost.I am sure other Governments will follow in the footsteps of British Government and give bitcoin its due recognition :D

Why didn't he/she trade using LocalBTC?

@ontopic - I'm supposing this is an experiment.  ;D

Really, I've never had any problems buying btc in the UK.
A quick bank transfer on LBC and you can have them within an hour.

Sure, but there's that pesky premium which may be fine or a beast.

It's been a while since I've bought any so it's probably improved but when you look at the EU with places like Bitonic and bitcoin.de plus all the American options plus the fact that we still don't have an exchange that doesn't take multiple days to get in and out of it's a weedy effort so far.

The article says 'bitcoin or some permutation of blockchain technology' to pay out and monitor grants.
Even if it does get implemented, I think it will be a blockchain project and not involve bitcoin.

yeah, it is usually like this. all these big news especially the news that is being spread on these not-so-famous-bitcoin-news-sites is about something else with a topic saying another thing. most of the government and financial groups these days are only talking about blockchain technology (making an altcoin) not bitcoin itself.

I think it's obvious from this article that it's the blockchain technology that interests them and not necessarily Bitcoin itself. It's a little like a human being seeing a horse for the first time. Sure it's cute and harmless but what truly interests the human is the fact that he/she can ride on it's back.

can you explain me about this bitcoin link. 8)

They'd have to be goddamn certifiable to pay out in bitcoin. I don't think parliament is going to be very impressed when their itchy sphincter research grinds to a halt because a chinese teenager dumped to buy their first sexbot.

I very much doubt that Barclays will allow direct competition to it's institution as they probably have say who can give out grants that is funded by the government as we all know the banks fund their government.

Long live the Queen, this is one of the best decision of 2016. Finally we will be able to show Bitcoin can be used for good purposes and will shed cover on drugs claims. This shall open Bitcoin to a whole new market and it's effects shall be huge. We shall reap benefits from this move. I just hope it happens fast. This would be a incredible move. Let's hope for Best