Bitcoin Forum

With so many new blockchains coming on a daily basis, do you think there will also be a time when government will decide to open a public blockchain ? If yes, would they prefer to operate identity based blockchain or something else ?

If governments own identity based blockchain, government will be able to monetize this data and help the world become tax free ? Anyways people are talking about 'basic universal income' in the world of Artifical Intelligence (future).

Do you think that instead of asking taxes from public, government will give them the money in return of their basic data to be stored on the blockchain ??


Afterall, what sense does it make in the current system if someone goes to a bar and shows a driving license ? The bartender doesnt needs to know your address - on the driving license.. He just needs to know whether you are 18 plus or not... May be he can just run a check on government based blockchain in future?

In that scenario, what would happen to Civic Identity based solution running on bitcoin blockchain or similar solutions ?




You should be able to monetize your data.. Government monetizing your data doesnt makes sense to me..

I do not expect a complete abandonment of the paper money at the moment. If there is the possibility of using the Blockchain by the central banks, I do not think there is anything that prevents governments from creating their own cryptos.
Definitely will not be anonymous currencies and users will be linked to their ID.
Nor do I expect there to be a high transparency for each system.

I do not expect governments to give up taxes and since these currencies will be central, I think taxes will be deducted more easily.

If your identity and private information will be placed in a ledger that is visible to public eye is very dangerous. Imagine if those people who are less fortunate trying to access information to those billionaires and wait outside of their homes to beg or ask for solicitations or worst steal their wealth.

This is invasion of privacy and I truly believe that this won't happen in the future. Even the government won't sign up for this for it can destroy people's lives and families.

How can they reverse/ delete a transaction. There is no such thing as editable blockchain ! Basic 101

Its very possible to happen in order to efficiently  deliver services to its constituents. Though there are pros and cons about this, we hope it will be addressed.Having a blockchain based governance means its transparent and its like an open book. Security matters should be addressed too.

I hope these taxes can be gone forever because I cannot even pay it for some reasons that make me cannot pay.  :-[
A decentralized thing on a country should be implemented so that they can even bring many efforts to their country.

If government agree to open a blockchain, it would be a new beginning for Bitcoin step up to new height and growth. With government intervention, we secure more about transactions and avoid risk from hackers .

It 's possible and can happen in Bitcoin; you need to have access to the longest series/chain "The longest chain is always reliable/trusted So the blocks from all the mines could not work against you."
So a 51% attack can reverse a transaction.
If the government issues its currency, all the nodes under its control & will always have trust under its control.

Read more:

     Need an explanation over 51% attack. (https://bitcointalk.org/index.php?topic=4429114.msg39528806#msg39528806)
     How strong is Bitcoin against 51% attack!  (https://www.reddit.com/r/Bitcoin/comments/8s15dr/how_strong_is_bitcoin_against_51_attack/)

I do not think the government's use of cryptos will end the danger of hacking, as the hackers can still hack markets and others, but they will have a safe payment.

Blockchain technology can change the way many governments operate by improving efficiency and data transparency.
The government is suitable to use blockchain technology, which can effectively solve the problem of inefficiency and waste!

I think that this is possible but i m not sure that this will happen for sure. In my opinion, this is one of the possible solutions but nobody knows whether it will happen like this or it will be another way

This is the most ridiculous idea about blockchain i've ever seen.
Blockchain is a decentralized system,where nobbody has full control over it.If the government creates and owns a blockchain,it won`t be decentralized,which means that this won`t be a blockchain,it will be just a centralized digital way of storing information.This system can`t be funded by "selling user data".Don`t make me laugh.

if the government implements blockchain technology it will be very good and the government has their own identity, this will make progress very great in the world of technology, especially in managing data.

Well, the government is already collecting the data and using it with or without your permission so it doesn't make any sense for them to pay for that data because they are already doing it anyway. It's not just the private companies tracking us all the time but the government is also involved in snooping activities. As far is blockchain is concerned, some governments are in the process of utilising this technology in multiple sectors.

I don't thing government is a very big issue cause they didn't directly say anything against it,  I guess because of some internal issues it is not supported by them but in the future they will be more friendly and supportive towards cryptocurrency and blockchain

Seems a good idea. If this happens, data transparency, security and data sharing would be much easier and without a limitation.

From my point of view it would new beginning for bitcoin if the government want to open a new blockchain. It will definitely step up new growth and height. To avoid risk from the hackers we secure more transaction with the help of government.

I think it is a good idea for the future, but what I don't agree with is government paying for our ideas. Rather the scenario should be vice versa. But, if it happens, we will have data transparency, security and data sharing without any limit. But it is very unlikely to happen as governments won't make a centralized system to help everyone in the country.

It is very unlikely to happend because, Government will never own something which is a decentralized system, whatever government has created and imposed on the citizens so far are all centralized systems. Even if government makes a centralized system, what would be it's use? Selling user data to other people/governments? Don't think so.

That is the future of money where both government and individual will embrace bitcoin and the blockchain technology and make full use of it as it is now the blockchain is easier to be operated rather then the traditional financial institutions that we have all around. The government owing a public blockchain will build more confidence in the people to embrace cryptocurrency.

Certainly something similar will be organized, but this does not mean that the people will be interested in it or consider something necessary and necessary.

For some case it is helpful for generating tax and others governmental issues based on this blockchain tech is really great to use but in case of personal information some time it is very dangerous for you because everyone can see your personal data which can destroy someone’s personal life.   

I don't think government will try to own the invention of blockchain technology. Why? It is because there are existing resources or evidences that they are not the one who are behind the blockchain technology. Even though it will be good for them to own it so they can at least help to increase the legitimacy of these kind of technology, I think it is not necessary for them to own it because it is unfair to the part of the inventor. Even they will own it, everyone will eventually found out that they are not the discoverer of it because of the existing evidences. So it's a no for me.

I think that in the end. This opportunity will be realized. Since there should be General access to all types of microtransactions for their widespread use.

The advances in ownership are exciting, Blockchain technology is not owned, if the government capture the Blockchain technology will be a step forward in the digital age.

yes i also think like that, i believe with the advancement of technology in the future, the government will make private and public blockchain

maybe for state security, the government uses identity, but this may be a little complicated, because there are some countries that still don't want to use cryptocurrency as a payment

I think that in the end, the government of the States where the cryptocurrency is well developed will need to open its public Blockchain.

As far as I know, a number of countries have already launched public cryptocurrencies and this process is only gaining momentum. Answer: Yes.

If the government approves the blockchain, it means that the government approves a decentralized system where government authority will be reduced or lost, because it is difficult to intervene. Does the government want to lose control due to blockchain? Although the system is good because the data is open is stored on many servers, and data misuse or corruption cannot be done, because all servers know.

if all that is needed for comfort and security in investing, of course investors will be more enthusiastic and to get the best for their investment

Probably Yes. But it will not happen so soon,in the long term. And this will be done not only by our government, but by the governments of many countries.

This system can not be sponsored by "sell user data". If the government does blockchain technology it will be very good and the government has their own identity, this will make great advances in the technology world, especially in the data management. It's not just private companies that track us all the time, but the government is also involved in snooping activities.

Very accurate, I agree with what is stated above me, I think that if the Government owns BLOCKCHAIN in the future, then therefore the Government should be taking it as DECENTRALIZED, and that the Government would probably have no full AUTHORIZATION with BLOCKCHAIN, and therefore a DEBATE will probably happen to settle things, because I can see that the Government would have a lot of arguments and statements about this.

So far, blockchain is concerned, some governments are in the process of using this technology in many areas. Seems to be a good idea. In my opinion, it will start to bitcoin if the government wants to open a new blockchain. To avoid the risk of hackers, we guarantee more transactions with the help of the government.

in the blockchain is quite possible, and in bitcoin is unlikely, because it will lead to the futility of bitcoin

We all know that bitcoin is a decentralised crypto currency and thus no proper authentic regulating body over the bitcoin leads to its illegal use and it is the most probable reason that why millions of are in against of bitcoin but in this decade bitcoin has made a tremendous progress, from having millions of haters to millions of investors bitcoin has travelled a long journey and in this journey millions of people understood the potential of bitcoin and came in favour of it, so now there are countries who has legalised bitcoin in their nation and the time when bitcoin will be centralised all over the world.

I think the government will open its public blockchain. It's a profitable business and thanks to this technology you can attract a lot of money for financing.

Yes, I think the government in the future will adopt blockchain technology for economic development, especially in developing countries to prioritize it to digital security. so that the government will legalize bitcoin as a medium of exchange in the future. This will make it easier for users to transact thoroughly in countries that have adopted blockchain technology.

It'll be impossible for the government to own the blockchain technology, if the argument were to be government adopting the technology then it makes more sense as I see that happening in the nearest future,where government activities and files will be stored on the blockchain technology for all to see, but I honestly doubt their corrupt shenanigans will allow them use a public ledger

If you're of the view that government will own the blockchain technology, then that defeats the very current system as the government will make it centralized, no longer a public ledger where everyone can view what goes on in it, and considering how shady the government can be, we'll really have to wait and see if such an adoption is even possible

If the government has a block identity and I don't think this is possible, no one will be able to control blockchain technology. I will not think so far, the government will only have data on holders if it can trace it.

In fact, many companies and startups use Blockchain-based solutions in the real estate industry. Although their approach may be different, there is one thing in common: Land registration agencies are interested in the Blockchain system because the system can transfer ownership of online assets' almost Immediately. In the future, if the government wants to open a public blockchain, they have to adjust accordingly to investors with peace of mind with their investment.

Government is most powerful and can make it possible,It is best for the economy of the country and the common people. Block chain service will allow to recognize the transactions from the country and government can generate the revenue and avoid the discourage the illegal activities as well.

right, even though blockchain is independent, but role of government is crucial. and i think government can do any policy to regulate blockchain, so as not to harm country

The government cannot control blockchain- it can't trace it, it's basically useless. so don't think anything will be happening in the near future

Why would the government want to monetize Your data?)If you are a citizen of this country then the government has all the information about you.Blockchain as a way to store any archives is certainly cool.And in principle, gradually many countries and so translate all documents into electronic form.So the usefulness of blockchain in this area is obvious.I do not think that any country in the world will want to create an open blockchain that will store all information about citizens.This is essentially tantamount to suicide.Within the state there can only be a closed blockchain.

Government should not unveil their peoples data. Government can use blockchain technology for their purpose but government have a policy to keep their peoples data safe and government can not monetize their any data because the security

The government will not allow this kind of blockchain where your identity will become in public. It is dangerous for everyone if it used by criminals. Blockchain  technology must only use for transactions and not for personal information. 

I think this is a great way to improve current processes. Of course, little depends on us, but we hope that the states will positively accept such innovations.

Everything is becoming possible with blockchain. Blockchain technology, when applied rightly can bring about different innovations to make human life better. I think the government can always make good inputs such as research to make things happen in the world. Blockchain technology is becoming popular almost everyday, I think this is the right time for governments all the over to make the right inputs.