Bitcoin Forum

Hello guys
 ::)
I just wanted to discuss - *DO WE NEED BITCOIN GOVERNMENT?*

Let's just put it in a simple way Bitcoins is being harassed by the governments , the banks , the private sector , the bulls , the investors and it's just something that we cannot control.

What if we had a government for Bitcoins to support it , to legalize it like some normal currency , off course while keeping it's main points strong and not converting that into fiat.

What if it was accepted into the normal currency system?
I would like to say that I understand already that it's not just a currency , it's a store house of value , it's more than that, but integrating this currency 2.0,  :D would not only increase it's stability but would also give the users rights.

And to do all this we need something like a Bitcoin government , which will support it ,legalize it , purse the lawsuits , give the users rights .

It will make Bitcoin something that every fiat worshipping government and off course banks and all , will more or so accept ( forcefully though) but let's face it ,it will be still better than the dictatorship in North Korea and no one says anything about it -_- why would this matter to them ? As long as we are not Harming others.

We just need a integrated environment because let's face it there are 111 out of 251 regions where Bitcoins is legal and to make it global everlasting integrated crypto currency , we do need all of these 251 regions to agree to this ( if not all then 90% the least )

That Bitcoin government wouldn't exist for sure.Why? Consider on how he would faced up current centralized government worldwide? How can it be approved nor to operate as it should be
without violating any rules that do centralized government had?

Theres no point on creating one yet people do like crypto as it is and we can stand without the need of that Bitcoin government.

Government, banks and others doesnt harass bitcoin. Well in fact they are the ones who cultivate it. Those ten countries who banned it are just like that and we cannot do anything about it. The ratio 111:10 is better knowing a large portion of the world is into cryptocurrency and even those 10 countries are powerful, we can afford to still use it as a currency. On the other hand, we dont need to make it centralized if this is what you are talking about. Crypto is known to be decentralized and it works that way. We dont have to change it. The ones who needs to adjust is us, the government and not the cryptosystem itself.

I am no longer consider an harassment from government side rather then a more sweet control amoung the crypto world and protectiveness against hackers and Money laundering.

You can already see positive thinkings from government itself: https://www.trustnodes.com/2019/02/12/two-american-pension-funds-invest-in-crypto

Take a good look into government actions these days as they are not so darker than last year.

what you are asking for sounds a lot like centralization and it won't ever go fine with bitcoin. we are all here because we wanted a decentralized currency without a "government" to control it or make any kind of decisions for its future, legalization,...

Why we need bitcoin government while we have the real bitcoin now? The government can create its own crypto, but it's never beat bitcoin. They can control their own coins, but they cannot control the other coin unless they need to have big funds to buy a lot of amount of the coins so maybe they try to control.
Soon, if the government think that bitcoin can bring new hope for the people, they will approve bitcoin and altcoin, and they will let people choose what currency they want to use.

No we do not need bitcoin government as bitcoin is decentralized, there should be no one who control over it. Just let bitcoin like what we knew since the first time. It is OK for government to legalize it but still the government has no full control over the transactions.

Actually it is not bitcoin government. We should call it as e-governance and the world moving towards to implement for better experience and upgrading.
You may need to read more about the Estonia government's e-governance to learn more about it

People living in countries where they have a democracy and a legitimate government with a legitimate voting system, can vote for a government that are pro Bitcoin. The problem is, if there are more people against Bitcoin in that country, then they will have the majority vote and you will not have your pro Bitcoin government.

People just have to use their voting power to support a pro Bitcoin government at the voting poles, to achieve this.  ;)

Exactly. I totally concur. This goes against everything cryptocurrencies stand for. Majority of the cryptocurrency supporters would be against this whole scenario for obvious reasons which is a why a Bitcoin government is a silly idea.

Decentralization all the freaking way!

NO, never.

you can however start groups, foundations,... and call it whatever you like such as bitcoin-foundation, bitcoin-governance,... and do things you were talking about in here. but you will have to fund all those "groups" out of your own pocket and do it as a form of non-profit thing because bitcoin is decentralized and nobody is going to pay you to do things like legalizing it, pursuing lawsuits,...

thats not possible . every country is known to only have one government and they manly support local currencies  but i like this idea  .  bitcoin will be  more legal and more indemand if this idea is real   .   and by the  way  , there are cryptos that are known to be centralized and backed by banks/government  ( ripple for example )    . most countries and governments nowadays are now also supporting or legalizing the use of cryptos  .   

arent you aware with that op  ?

Your right mate,but aside from what you have already mentioned is the simple reason why we are all here now?Isn't it for freedom?were all here because we want to have full control of our money and this are being denied from us by banks and governments and thats why we converted our bank deposits to investments here in cryptocurrency.we dont need government because we are the governor of our own assets here and this is what we must be thankful about the creation of crypto and ofcourse to satoshi nakamoto

I do not think there is a need to have a Bitcoin government since Bitcoin is decentralized, all transaction is managed by codes from different machines confirming and verifying the legitimacy of it.  If a government is established, the decentralization will automatically be nullified since a governing body will automatically control all the activities of Bitcoin thus making it not different from a bank.    Bitcoin is good as it is and the government already accepting Bitcoin and adopting it without changing its code/features rather they just make their way round to implement their standard, especially in anti-money laundering by implementing KYC on different exchanges where Bitcoin is being traded.

The fact that the creator himself has moved away from bitcoin tells us quite enough in which direction bitcoin shoud go, and that is decentralization. If only one man make decisions things would be completely different probably in a negative sense. In the case of some bitcoin government the problems would become even bigger, not just because of centralization but also because of the way how those people should be elected.

Real power of bitcoin is in people, millions of voices speak as one (not as Borg), and facts that it is very hard or impossible to silence them all. Some imaginary government which would represent bitcoin would be subject to various manipulations and influences of actual governments, this is not something we want.

I agree. And how do we suppose to elect a governing body for something ungovernable like btc? Seems impissible and it definitely would not get any support if some group manage to come up with an idea. It's one thing that banks dislike about crypto. It gives power of individual holders over their own money. Having a governing body over that feature contradicts what btc is supposed to be.

You mean there must be a government or a central authority that may control/manage bitcoin? If this happens it will become centralized, bitcoin was developed for the people across the globe which is not managed by anyone but only the users and to be decentralized cannot be controlled by any entity or groups. Bitcoin dont need this kind of government, what btc need is regulation from a government to become a legal money with value. 

Well you could say that government can still help in the future of bitcoin abranging for everyone in the real world.
Some kind of advertisement / information guides about this particular subject so that every each individual worldwild person would understand the meaning of virtual currencies and how it could change their daily lifes.

That's somehow true. One, if not, the main advantage of using cryptocurrencies is its decentralized characteristic, whereby no one power or entity controls it, which makes its available and open for everyone to transact and use wherever you are in the world. The freedom it gives to its users and the various ways one can use it in any department or type of investments gives its a big advantage as compared to other similar assets. Although its volatility may be a  disadvantage too it, which at times, drives people away from totally embracing it, many are still believers and would still want to invest and use it as a present and future investment.

I think, the Government that does not exist. bitcoin Because at the time of the end of the 2017 China want to master trading way of manipulating the price of the bitcoin bitcoin. However, it failed. If there is a Government of the bitcoin then blockchain will be crushedI think, the Government that does not exist. bitcoin Because at the time of the end of the 2017 China want to master trading way of manipulating the price of the bitcoin bitcoin. However, it failed. If there is a Government of the bitcoin then blockchain will be crushed

If you need a bitcoin government it means bitcoin for the people and then it should be centralized to govern it and who is going to control it? I guess Bitcoin is created to make people enjoy the financial freedom without thinking of obligations from the controlling government and since many governments around the world see its potential they want to regulate it and regulating it means to govern it.

I really doubt they will legalize cryptocurrency without trying to control it.
I think it is much better we use Bitcoin the way it was meant to be used. It was meant to be used person-to-person or peer-to-peer, no  middlemen or central bank

We already have heard the news about states in some countries that they were accepting bitcoin for tax payments. In that case, they are eyeing for the adoption of crypto as a whole because there's a usecase that's being applied and it works for some. On the side of the gov't, they can convert it quickly to fiat if they wishes to do so and they don't want to keep it as a crypto. That's why there are some payment processors that allow this to happen.

Do you mean by coin made by government ?
They can do anything on it

But if the government want to control crypto, it will break decentralized paradigm and for me it's not want people want when they want to use crypto

Legalizing bitcoin in government is not easy because there will be differences of opinion about bitcoin, but I don't care about that because the most important thing is I can still use bitcoin.
in my country it also does not legalize bitcoin but is allowed to use it without harming the government or other people, and I will use it well as long as it is not strictly prohibited.

BITCOIN GOVERNMENT ??? Wow! How do you set it up? Do you need a President or Prime Minister to run your proposed government, and/or Senate or Congress in order to deliberate/pass laws about Bitcoin? Could you please clarify what you mean by the government here?

Then how did Japan made bitcoin as legal currency to use in their country? We should experiment it as the product or scheme for some time. Then after test on passing bill and you can decide the marketplace acceptance or something.
You may know the panic things in USA, they don't want other currencies to replace the usages of USD.

Creating any structure to promote the use of cryptocurrency is absolutely not necessary. It will be a virtually useless structure without any authority. Anyway, any questions on the territory of specific states will need to be addressed through the appropriate authorities of these states. Moreover, it will be impossible to influence state bodies. Over time, the states themselves will establish not only the rules of cryptocurrency circulation on their territory, but also conclude international agreements regarding all issues of its circulation.

I never heard about a bitcoin government before. Bitcoin is a cryptocurrency, it's a most valuable cryptocurrency & trusted also. If government create his own crypto then I think it's will be more popular but the question is if government create his own crypto then what's happen with others cryptocurrency? I don't think it's necessary to government create his own crypto in this time. It's maybe good thing if government create his own crypto in future.

Look:

- Bitcoin Cash

- First Bitcoin ( first time I hear about this shitcoin)

Tweets by @First_Bitcoin:

https://twitter.com/account/suspended

 ;D

- Bitcoin Diamond

- Bitcoin Private

- Bitcoin Gold

- Bitcoin SV

Now imagine what would have happened if it were a bitcoin government?

I think any government in the future is going to be a pro-bitcoin one, because it will be more like to be a pro-internet or pro-smartphone government currently. As for a government whose main goal would be supporting Bitcoin, I don't think we need one. As @Lucius has rightly pointed out, the real power of Bitcoin is in millions of people around the world supporting it. We don't need a government forcing others to respect this great currency.

Any structure that stands above Bitcoin and that will manage it somehow makes it one step closer to centralization. And who and how will act on behalf of Bitcoin? Any government created by the community will have no real power in the territory of specific states. All this is an absolutely unnecessary and useless structure. We do not need another government. It is necessary that the states lalizovat cryptocurrency on acceptable conditions.

We need governments to accommodate cryptocurrency investors, but bitcoin does not need a government. We need the government to step back and allow people to choose which money they would rather use. The government should play a role in eliminating fraud and abuse.

Well but if government does accepts it by asking for some KYC and taxes which will make it regulated than it would be ok to accept it as being some government controlled currency.
As long it stays with obvious and accepted control by us (the users) following some particular rules.
I believe we would be fine with some kind of relation between normal users and the government.

The cryptospace does not need any government to rule over Bitcoin. Consider all the dictating that are being meted out to us by most governments with the use of fiat currency. Do you think we want to be in such situation all over again? Well they can decide never to legalize bitcoin globally, the cryptospace would still use it for their transactions and i think that alone is enough to get us going other than putting the authority back in the hands of the government again.

I agree. People are not perfect and that's why we shouldn't depend on their decisions. The beauty of Bitcoin is that a miner can have good or bad intentions, it doesn't matter. Human factor is not only minimized but eliminated completely in this system, and that's why no government for keeping order and justice is needed. A number of nodes can be run by Satan himself, and yet the only thing they can do is contributing to the security of the network.

a bitcoin government?
decentralized doesn't mean much to you, does it?
also, if ever there was a government set up for bitcoin, the people within it would be under pressure by other governments to hand over control, shut down, or do something that would absolve bitcoin, as it takes away from the power of local government fiat.

Whenever a government is formed initially they used to raise voice for the common people. When days pass this will slowly start to go low and the high profiled people in the government will starts to increase his personal earning through corruption and other forms. When similar government is formed to support and help with legalities on other governments it will loose its uniqueness and people will fight to be the leader and several unwanted complications in the name of bitcoin will take place.

When you say government means there must be someone to govern?so who would that be?we are here because of anonymity and decentralization but if we will allow this proposal from yours then everything will turns out nothing because we will be back on what we are in past?from the government that we leave behind when we decide to enter and invest in cryptocurrency

Yes, of course, the government needs a bitcoin. Because a government is governed by a systematic order, the Bitcoin government also handled the work properly. Different types of banks control this Bitcoin and there is a possibility of a run-up.
But if there is a specific government system for Bitcoin, its legitimacy will increase considerably. Bitcoin users will benefit from most of this.
So Bitcoin needs the government to ensure the right and easy use of Bitcoin.

Thank You

That is what some of us did not understand and it is very difficult to explain the reality to somebody that is coming to the cryptocurrencies community for the first time.  Many people did not know that the Primary aim of  adventing bitcoin was to have a system that did not depend on our current financial system which has no real value but a legal tender.  I just have to be truth with us for saying satoshi is one of a greatest human beings that ever lived and he is trying to change the laws of money and how we should used money. 
Governments may trying to create a centralized digital currency in future but that is not bitcoin, we know bitcoin is decentralized and is far more better than fiat and in future we are all going to used it.

I don't think that kind of government would exist, we are not big and we only have one government in every country, and if they have to regulate bitcoin, it will be part of their job them. Bitcoin will never exceed the success of the current system, it will remain regulated and we follow the regulation to enjoy using bitcoin for long time.

Bitcoin government sounds cool and a great thing because it shows that there is a body that will regulates the operations of bitcoins in all over the world.  Providing a equal right and justice is a great thing to assured that all investors in this community are legit and scam free.

But for me it will take a long run before it was established since bitcoin is not open in all countries in this world. 

Exactly, what is needed by bitcoin is its users. when users, namely communities, have strength and solidity, bitcoin can grow much better. but keep in mind that the government also has an important role in directing bitcoin. when the government fully supports the circulation and use of bitcoin, it will make bitcoin more reliable and convincing.

Don't you see anything wrong in how you like a slave wait for the government to approve crypto currencies before you can use it without having to worry about breaking the law? That sounds so wrong dude.

Why should I wait for government approval to use something completely innocent and useful? It makes no sense to me and will continue using it even if it ends up being banned globally.

Bitcoin is a people's currency at the end of the day and self regulation actually works. In Japan exchanges already have that power to some degree, and I am quite happy to see that the government there even stimulated it.

BSV delistings is also part of self regulation. Did anyone go to the SEC first? No. We don't need them. We can weed out scammers ourselves.

Normally I don't support anarchism because I think most people by nature need a government or otherwise they turn the life around them to hell. But that is so regarding the life in general. We definitely don't need any government in such fields as filmmaking, painting, music, or basically any other kinds of art. We don't need government telling us what to eat or what not to eat, or what we should wear etc. And I think a free market that can regulate itself successfully without any government intrusion is not only possible, but it exists in this or that part of the world constantly through the whole history of humankind. And Bitcoin is just one of those things that can perfectly exist without any government.

Bitcoin survives without banks before until today. But I am still open for new opportunities if ever there is one government who wishes to support bitcoin. It will be a great privilege to show how bitcoin will gonna change our lives. I will fully support bitcoin if we get a chance to be supported by the governments, most probably the banks.

What you are hoping to achieve is somewhat unrealistic or let's say it has a very least chance that it will happen in the future.
Every country has different rules and different views especially in terms of cypto currency.

There is a very little chance that all the government will likely to legalize or accept crypto currency hundred percent.
If you think, bitcoin government will solve it all. The question is, who will manage it, is there an assurance that there is equality, no corruption and etc.

Seeing how this so called government will handle the system, for sure if this will exist powerful nations will controlled everything around, they will not agree not to handle this as they have the resources to control and influenced anything around them, that's the real intentions of satoshi nakamoto, giving freedom to all of us in terms of free transactions without any interventions coming from any government bodies, bitcoin exist for 10 years now and still
proving its pwn identity.

sounds like a fairy tale but to make this into reality it will create a massive debate on every side of the earth
a certain group can do this or community maybe it may sound or look like a cult actually

Even if you try to form some kind of partisan government which has a focus primarily on Bitcoin, you'd need to have the ability to support your "country" economically and provide for the people within its borders, as well as being able to defend the country from external threats that may seek to destroy it. I can already say that the chances of there being a group within the Bitcoin community who is actually capable of this is slim.

It would look a lot more like a cult, and it would probably only be regarded as such. There's no-where that a "government" could be set up, realistically speaking.

On my own opinion we really need to have a bitcoin government. It will give us some limitations but I know it is better because it can add some security and some policity for our protect our bitcoin and every bitcoin transactions but I think this will be a long process to build bitcoin government.

If a bitcoin government need to emerge, each and everything needs to be linked on the blockchain. If that happens each and everything will be transparent and through the same it won't be easy for anymore corruption and for any misuse of the positions headed. Surely this will make each and every country to get shrunk and work for the people. Bitcoin government is good in one way, but this too will have lot of negative effects which we can find on thorough research.

Bitcoin as a currency good but if we talk about bitcoin government i don't think whether the world will accept that or not and now people are doing investment and they hold it because they knows the importance of the market and it s values in the present time so bitcoin government is good if there is the community who have the crypto.

Bitcoin does not really need an institutional body to act as the control the body to make people understand the purpose and nature of Bitcoin.  Decentralization in the Bitcoin ecosystem means everybody has the freedom to transact directly with anyone without restrictions. Having a Bitcoin government is basically centralization of the Bitcoin ecosystem, which goes against the true nature of Bitcoin and decentralization.

Having a bitcoin government simply means going against the initial idea in which bitcoin was formed in the first place which is having a decentralized system where everyone gets to their wealth. With bitcoin government, there will surely be some rules which will definitely bring up some restrictions and control. So its best for bitcoin to continue to exist the way it is. For now we have so many people attacking it with negativity but then bitcoin will pull through.

At this recent situation banks and bitcoin herein my locations is have a good relationship I use to convert  my bitcoin into bank so I don't think bank harass bitcoin.
For the bitcoin government I disagree because bitcoin being decentralized and their anonymity no need to control bitcoin become centralized.

I don't think it's possible since having a bitcoin government loses the idea of decentralization. Having a government to lead bitcoin has its pros but also cons. It means, putting someone to have control over bitcoin and its against its nature as decentralized.

I am agree, if there is bitcoin government, they can control bitcoin transaction or the data. The valuable of bitcoin is on decentralization because no one can control or duplicate transaction data. I am prefer bitcoin keep decentralized and the transaction data store in all miners computer

The government must be able to make a change by applying cryptocurrencies in an existing financial system. This is to support the technological advancements that exist at this time, we cannot deny that when the development of technology increases, all existing systems must be able to make adjustments, including the current financial system.

you got a point above but the purpose of bitcoin government is not for the people to learn bitcoin but its for the regulations  . there are benefit if bitcoins become regulated but there were also disadvantages  .


you got a point again but like what i stated above  . if bitcoin is centralized or regulated  , the users of bitcoin can be controlled and not all can use bitcoins which was good i think because this filters out the criminal and abusers   .

bitcoin government is a good idea imo but not necesarily needed at all because most governments nowadays are already allowing bitcoin  .

This is the best comment so far, to have a bitcoin government it must start and end with the blockchain technology. And since the blockchain technology is not an individuals or group with an established territory having that functions and features of a government is impossible, bitcoin is already operating a free financial system which is on it own a government since all it transactions is carried out on the blockchain which is not controlled by any body which offer us such freedom that no government can take away from us.

I don't like it.

I mean with the use of Bitcoin we can have our freedom, the reason we are using Bitcoin is we can use its decentralization, so we can be anonymous paying online. I know that this body will not be destroying that but if someone will be committing a crime and used Bitcoin, they will be the one on the pressure solving that crime in which in the first place, they don't know about.

I don't think this is necessary. Bitcoin is decentralized meaning it is not being controlled or manipulated by any single organization. And governments are the ones controlling those under their power. Looking at those two ideas, they seem to contradict, right? If a bitcoin government will be established, then bitcoin will then be controlled thus removing its decentralized nature. Simply put, it's basically a matter of decentralization. And would its creator, Satoshi Nakamoto, approve to this bitcoin government? I don't know but I don't think so.

After all,

It is possible that in the coming years bitcoin will be more powerful than now and if we keep it for the future we are sure that crypto is the future currency and bitcoin government is a superb idea and mostly the crypto creators will make it happen in the future.

this idea is not new. a lot of people already thought about this but can you tell me who can we make the regulator of bitcoin and what powers will he have. well, we do not have Satoshi Nakamoto so there is no owner or regulator and even if we make someone leader he is still going to face a lot of problems like even jail, because many different countries are going to try their hands with this new power. they are not going to help us they are simply going to declare it as illegal currency because according to them no one can make a currency.

As far as we can remember, it's in the human nature to screw up any system, however good or bad it may be, because there is simply not enough honest people around to support a potentially good system. The beauty of Satoshi's invention is that we don't need to rely on people's honesty any more. I think this should be analyzed thoroughly and implemented on every government level as soon as possible, because the Western model, being the best around imo, is nevertheless in deep crisis, and something has to be done to ... well, to save the world.

Do we need a Bitcoin government? Every government worth its salt should be bitcoin-oriented one nowadays.

This is hardly a good idea.  Because if the government means the bitcoin will be managed.  Do we need this?  I think that most likely not.

Government means scam and Bitcoin Government means dream. and guess what dreams never get fulfilled so just do whatever you are doing and stop talking shit. nobody needs governments involved in bitcoin or want to have any individual representing the leader in the bitcoin community. Just enjoy the freedom of money making and spending it as much as you can until higher authority tries to stop you.

Bitcoin is created to be decentralized and one of the reasons why it was created is that for no one to have control over it. It's one of the main reasons why a lot of people love cryptocurrency. They were able to keep away with banks and government, along with being free for transacting conveniently anonymously.

Would it not be best to start your own bitcoin nation then? It seems more and more laws are affecting bitcoin each day in current nations. I mean here in Canada we got to claim it and pay tax on it to the government anyways.

free from banks  ,governments  ?  no i dont really think so   .

bitcoin itself is now legalized by governments on most countries and its also being accepted by banks  . by this  , how can we say that we are away from banks and governments  ?   i think bitcoin right now is already regulated or centralized  .  but i dont get it , why there are still people that wont agree on the idea of the op  ?   

Right, in my opinion we don't need to be troubled to create a system of our own government for bitcoin. otherwise it violates the rules, because each country has its own government. there is no point for that.
just let bitcoin develop itself and stand on its own feet

Bitcoin claims that “It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.” That lack of central authority is the primary reason governments are afraid of the cryptocurrency. To understand this fear, it is important to know a little bit about governments and conventional currencies.

Absolutely agree with you. We do not need any regulatory add-on for Bitcoin, it should not have any central governing bodies. Any such body will eventually lead to a violation of the principles of the existence of decentralized cryptocurrency. Moreover, such a body is unlikely to be considered by the state. It will not actually be a government, but an association of people without specific powers.

I understand the sentiment behind this statement but you need to know how taxation helps the governments. Not being a part of the government internal can end up giving people wrong ideas about it. But that does not mean every government is corrupt. What I am trying to say is that taxation is a necessary evil and you cannot stop taxing people because they use bitcoin.

You have to find out a method to tax them otherwise who is going to pay for the public services like water supply, road construction, government schemes and so on. You will become literally mad if you start to learn about how many things the taxation money is used to run.

so you think of creating an organization or gathering people to make the name of the bitcoin department? this main problem is how to respond to the world government with the presence of bitcoin let alone make bitcoin governance in various countries. I am still thinking about how it would be if the very fluctuating value of bitcoin becomes a means of payment, OK if the value goes up it is very profitable for the user or user, but if the value goes down is not that harmful.

No, we don't need a bitcoin government. Sure we need bitcoin to have some approvals from global governments but we don't need a particular government seeing to bitcoin. This will ruin the whole vision of bitcion as a cryptocurrency.

Tha's the point that once the government are able to have their Bitcoin they will have the full control on the adopters. They will manipulate their ways in in order to enslave the adopters. We don't need government Bitcoin as we are okay with what is currently on ground {Bitcoin}. Bitcoin is decentralized and that of the government will be centralized.

What we actually need are current governments that are friendly to Bitcoin and would have laws and regulations laying down the parameter in doing Bitcoin-related business. Though it is good to dream of a separate island that is primarily governed by the ideals set by Satoshi Nakamoto and his Bitcoin, the reality is that it can so difficult establishing one. Massive adoption means that people all over the world, governments, businesses, organizations are into using Bitcoin everyday.

Bitcoin wasn't created for centralization, control by government means centralized. And it would not happen. Government only could accept bitcoin against local currency which is already on going some countries. It will take time for accept more countries. Bitcoin volatility is the main issue why governments aren't accepting. Who will bear loss if price dropped and if government hold huge amount of bitcoin? So government/banks have to bear this loss. Probably that's the reason why banks and governments aren't encourage to accept bitcoin as a currency. However, hope someday we will see bitcoin accepted all over world.

Yeah it's longshot but let's be realistic here. A government based on crypto as it's only currency is not going to be something happening in future. Crypto will remain as a cultish following and people are going to follow it because they see a future in it and thus a reason to follow it. What another country may propose to do may not seen feasible and "good" to another country. Manipulation comes after that acceptance.

there is a negative and positive impact. but I see the positive side that when Bitcoin can be regulated by the government it will make the Bitcoin Position much better and can be recognized so that Bitcoin will be much more stable.

Well, still bitcoin has no government but bitcoin is a live and going very well, So my question is, Why we need Government for Bitcoin? Bitcoin has spend a long time without government so in future it will be spend without government. Also it is very difficult to choose bitcoin government, in all over the world how one decide to bitcoin government?

I think there is no bitcoin government, and if there is a bitcoin government, is it able to overcome this because the bitcoin price cannot be ascertained whether the government is able to solve it, by including bitcoin as a normal currency that is often used by their citizens, I think the bitcoin government won't be able to deal with all this

Whether that is a positive side or not is still speculation. People in the world prefer to think optimistically about things that are going to help them and opposite for those they don't like.

While you being a bitcoin enthusiast is bullish others are not. Most of the people in this forum hate their governments and tend to think negatively of those. It can be both good and bad considering how they use and manipulate it. Overall I think governments don't have time for things like crypto because they have to run a country.

I do not understand what will a bitcoin government will be able to do ? Government can only control the things which are in their power but as the bitcoin is decentralized, there is no way it can be controlled. You can make as many regulating bodies to control the bitcoin, but you will never succeed.

It will not be a government, but simply an add-on for managing the functioning of a cryptocurrency. That is, you are proposing to create a cryptocurrency management, which we constantly oppose and what we remain of the states. Are you suggesting that we destroy cryptocurrency decentralization? And this is practically impossible to do, since such a body is always part of the market participants will not recognize and will consider it illegitimate. Who will represent such a body and on what basis?

Positive impact bitcoin be regulated by government and we will see its price will goes up drastically but you should forget something i.e TAX, I was upset with tax regulations used by the government because it's very burden us. Government charge a tax for every transaction that we made with bitcoin and I guess it's not fair. This thing which can make me doesn't like government, sometimes I have an idea to make a country which is its citizen are bitcoin user or crypto users although it's impossible.

"Bitcoin" and "goverment" cannot go together in the same sentence. It's like centralization and decentralization. Government wants control over anything while bitcoin offers complete freedom. That's why until today, cryptocurrencies are having trouble passing the walls that the government is making to reach complete adoption. Bitcoin, Blockchain and all cryptocurrencies are more advanced technology that will benefit the people, but not the government, you simply cannot control a decentralized ledger technology because it is made to be that way.

I will surely dis agree when we will have an plebiscite about this governance around bitcoin because for sure many people like me will hate having this

Imagine that we are here because of the privacy,we are here to leave the third party interfering and now another form will be here?

I did transfer my bank account to crypto years ago,because I’m tired of dealing with their self beneficiaries,and now here we go again?no way

In my opinion it is a good thing, because we are more protected from things we don't want such as hacking or other things

From which source can you state that there are 111 regions where bitcoins are been treated legal? Instead, I think that there might be pretty less countries/governments who can legally accept bitcoins. Now, talking about bitcoin government, it does not really sound that effective. Bitcoins are been developed using the decentralized networks which would never let any individual/firm entangle with the day-to-day bitcoin or any other coin transaction which would make it impossible to launch a "Bitcoin Government" as they would never track each and every transaction and would end up failing. What I think is that none of the government should try to entangle with bitcoins to keep them growing rapidly.

For my own thoughts,I believe yes we need because this is the only reason that governments from all over the world might consider accepting cryptocurrency and trust that we are not a scam of a threat to their economic

For how many years of struggles still we had been declined and the best example is the ETF approbations that has been denied for us for how many times now

So if we will be having a government that will handle everything for the sake of all cryptonians then we will surely be adapted

Do you really think that forming a bitcoin government can protect us from spams and scams such as hacking, etc. I do not really think it could happen as even the centralized funds which are been monitored by the governments are been hacked or lost and even the government cannot take any major action against it so forming a government would not resolve these issues.

Instead peoples who are been linked with cryptos should try to be more developed and aware about each risk faced into the decentralized world. There hardly is any option which can make our funds safe from hackers as hackers might be the one's who are most close to the technology.

In my opinion it doesn't make any sense. What may happen is a government adopt a friendly instance over bitcoin. What means this government will endorse politics that will benefit bitcoin and its users in the country.
As we see here, a big worry about bitcoin are the scams and hacking attempts. These issues are responsability of the security agents. Virtual crimes also go punished like physical crimes, there is no difference. We don't need a bitcoin government to raise security in crypto space, the currently laws just need to work how they are supposed to.

There could be a central authority to monitor the crypto market in the future in every major countries if they are planning to make it legal but i really do not think that a collective central authority is possible, there are many aspects to this, it is very difficult to have a long lasting relation between countries because of economic and other reasons and for everyone to form a frame work to monitor everything is not a realistic situation in my opinion.

Well they can still tax you and obligate you to report everything you do on how you got your bank transactions balance from crypto and so on.
There are some cases where if you don't report those as a company you might end up with fines or even jailed.
Still i dont think it's the solution for their own problems with hackers and money laundering.

I think this is a good idea, making bitcoin the government version, so the government will also be facilitated by this technology

the government are already familiar with the technology I doubt they'd need to be facilitated.
anyway, people came to bitcoin at first because of the uniqueness of the technology which intrigue a lot of people
they were also attracted by the thought of being anonymous and the technology not being in control by the government
which would give them freedom to what ever transaction they may it be Good or Bad.

You are right but I will be not surprised if something like crypto government appears. Several months ago, I heard the news about a mini-country (somewhere in Canada), which uses Bitcoin only. I guess, this country should have a government?

I do not buy the idea of a bitcoin government because it deviate from the ideals of Satoshi.. Why introduce the frameworks present in the conventional system of the world  into blockchain technology?.. It will be catastrophic because centralization and corruption will ruin the whole thing..

The idea of bitcoin is to be far from government regulations but that is not the way the government see things, if they see an opportunity to make money they will jump into it, form a legal framework and start collecting tax, it is what they do best and that is what we should expect in the future again there may be countries that might ban the entire market simply because they do not understand the market and how to regulate it but to see a separate body to control is highly likely in the future depending on each country basis.

Terrible idea

I think it could not be or could not occur, in his whitepaper the idea of ​​having created bitcoin in having a totally decentralized economy, where there is no control over the bitcoins or money that people have, that is, nobody can have control, because it would become a world monopoly, where a few would have control, it would be an alternative to the traditional economy, and the worst thing is that both governments and banks could take control of it.

I think that the best way to carry things is as we are currently doing, because the world economy may fall, but bitcoin can easily be equated with the value of gold in case of a global catastrophe.

At some point of time, the bitcoin will be accepted, there will not be so much ignorance, in fact the same news will guide people to know much more about bitcoin and when they see their multiple benefits they will not only enter but they will look for ways to obtain them by buying, more Now that we are in the stage of accumulation where is the stage where cheaper to buy, since this stage is the special to be eliminating the total offer of the market and the price is prepared to go to its bullish trend.

As a political science student with some knowledge of blockchain developments/projects - this was a pretty interesting thing to think about. Knowing politicians and the way governments work, it's unthinkable for them to put classified information/data and more confidential details on blockchain or use Bitcoin to facilitate systems/processes. Maybe they could use Bitcoin in their reserves but it'll mess up current fiat currencies and systems as well. Although China seems to have begun thinking about turning RMB into a cryptocurrency (https://cointelegraph.com/news/official-chinese-currency-renminbi-to-become-cryptocurrency-expert-says), but the Chinese government also has extremely strict regulations against virtual currencies. However, it seems to be that the nature of any government and the underlying principles of blockchain e.g. immutability, transparency etc. are incompatible to a larger extent. I can't imagine any government willing to do that!

I'm not sure what's worse, people following governments thinking their laws are what we should follow, or "Bitcoin maximalists" thinking that the ideals or vision of satoshi is law and we should follow that at all times.

People can do as they please. If they want a so called Bitcoin government, then are free to set one up. If people reject the idea of a so called Bitcoin government, they are free to not participate or be part of that government.

Bitcoin stands for freedom. Freedom you have when you control your private keys.

In the first place, Bitcoin was a decentralized in terms of its features, and the government was based centralized system.
It is very seldom for the government who will regulate it, because some are not really open into blockchain technology.
though there are some country regulated it already like what Japan and Europe did, and even in Australia and more.

If we were to think of a system totally run by bitcoin economy then we would be bringing our own doom. The fact is that the government services that we get and fueled by taxation system. Say bye bye to tax and you can also say bye bye to the privileges that you get for being a citizen of that country.

There is no system to "govern" over the bitcoin economy, not that it needs any, but thats what prevents it from become mainstream. What will happen in future is still a mystery but we can hope for the best for all of us being bitcoin enthusiasts.

NO, we do not need any kind of "bitcoin government". What was the main goal of most of the crypto currencies? To have a decentralized financial system with no one interfering with your assets. Those coins/currencies will only belong to you and no one. Now, if a "bitcoin" government comes in place, then the system will no longer remain decentralized. Everything will go under that "government". We are doing fine without this government thing.

Cryptocurrencies have yet to fully take over in the real world in a way that enthusiasts have predicted, there are some signs that bitcoin and other cryptocurrencies are making it in the traditional business space, however, without a stable value Bitcoin cannot truly be a currency. Rather it is a commodity asset that one trades, like gold or silver, in hopes that its value will rise and yield a trading profit. AND NO, we don't need Bitcoin Government.

BTC has a high risk.  and I think BTC needs regulation from the government to control every crypto movement.  at least regulations from the government can minimize fraud, scammers, and all other negative things.

I think if bitcoin is used as an ordinary currency there will be two sides that need to be considered by the government, first if bitcoin is used as a currency as usual then the government must be able to guarantee the stability of the bitcoin price because if a currency has a level of instability high like bitcoin it will be difficult to be used as an international transaction tool. Both governments must be able to make regulations that control the use of bitcoin by the public so that bitcoin is not used for acts that violate the law.

I agree we definitely need a pro-bitcoin or crypto government but this extends out to every country. I don't know if the governments will outright necessarily be involved because they aren't pro-decentralization. What I do think could change regs and make governments more comfrotable are third party cyber secrutiy firms. something like ciphertrace that can help do track and trace

If bitcoin is under by the government maybe it will easy for us to do a transaction in payment system.can access easily and quickly all over the world.legally can do a bussness using bitcoin.looking forward it happend

Yes if we have the bitcoin government they have good and bad effect of having that. First for the good result it can protect for the opeople from the scammer or to the scam project because each project need to register first to them before they launch it. But the problem is they can possible control bitcoin and altcoins like the movement of it.

Whenever things gets regulated it gains more trust, this is what people expect from the bitcoin too. With bitcoin the major issue arises at this point, because all that regulated assets were of centralized and a regulation adds more power to it. With bitcoin along with regulation the governments try to destroy its decentralization which should not happen, if that is possible then regulation is good.

For now Bitcoin critics are silenced and i didn't heard any respectable institution that are harassing Bitcoin not even the banks which known against Bitcoin before. I also noticed that most of the nations are supporting Bitcoin too therefore i think there is no need for that Bitcoin government but all we need is a strong regulation that will benefit everyone in the community.

We don't need a bitcoin government for bitcoin recognition. As of now, bitcoin is doing well with rich countries accepting it. Those countries banning bitcoin are those countries which are very insecured. As long as the government is good and rules always prevail, no need for a separate bitcoin government.

There is a difference between a bitcoin government and a government controlling bitcoin. Both of these are not feasible. Again you talk about government accepting bitcoin - that is also a very dreamy possibility because the governments dont want crypto to be accepted in routine transactions. They want to keep it as an alternative mode for those who want to use it.

Surely businesses who accept bitcoin can make the move here. The government is basically pumped by the rich industrialists who control the production in a country. If they start accepting bitcoin and pressurize the government for it then the later will accept it.

Only rich countries ? What about the poor ones ?  Bitcoin also accepted with them without the help of bitcoin government but to be honest idk if what is a bitcoin government and what is its difference from a normal government ?  

Not insecured but they maybe hated bitcoin so much because they think that bitcoin can dominate a local currency or a local payment method plus bitcoin is also decentralized and cant be controllable , i think this is also the other reason on why bicoin has alot of haters and bashers  .

We need to destruct the current government in order to create what you are trying to impose. And that means contradicting with their whole nation including their cultures. Maybe far from our current time there could be an opening, well fi we are still alive. A ruined country that no ones want to take over anymore and there you begin your legend and create a Bitcoin government.

I do not know who does not want Bitcoin's government, I do not need it. Now it is said that money will be stolen. I can say, if you keep your private key safe then there is no way that anyone can send money from your wallet. It's not yet with those Bitcoin users I know. And it's a matter of sudden impossible. And I do not know anyone's word, we will not have a bitcoin government. We are happy to have Bitcoin.!!!!!!!!

A lot of things have been written about virtual money and crime, that it is enough to summarize the problem by saying that uncontrollable financial transactions facilitate criminals.

The government already announced do not allow bitcoin, the government says bitcoin is never legally always says illegal because they are faced many problems.
Bitcoins are being harassed by the governments, like - banks, the private sector, the investors and that we cannot control.   
Bitcoin is not issued by any central bank for the government. being a cryptocurrency unrelated to any government.
they have created a computer-generated process .it is a P2P payment system.

If we had a government who supports bitcoin surely that support will come with some rules for bitcoin.That is mean bitcoin will not be decentralize anyone,We have to accept what they put the law on bitcoin.May be they will create a central bank for bitcoin.More more bitcoin they get they will able to control the market.Do you need that? I don't think so.

Uncontrolled systems are everywhere. Even the fiat money system is not full-proof for stopping crime. Saying that bitcoin allows criminals to transact, you would be missing out on the opposite side of the mirror where fiat is used to pay criminals. Fiat is by far the biggest source of bribery and corruption among all governments. Who wants to care about crypto there? In fact majority of the money transacted by criminals is still plain paper cash.

Where you like it or not, it is the fact and you can think what you want but the truth will remain the same.

I think we don't need the bitcoin government. If we need a bitcoin government, bitcoin must move from a decentralized system to a centralized system. When bitcoin runs with a centralized system and has a government, bitcoin is no different from a fiat currency. Whereas the presence of bitcoin to cover the lack of fiat currency and even bitcoin can make transactions that cannot be reached with fiat currencies. I agree more if this bitcoin remains in our control as the holder.

A decentralized cryptocurrency does not need any control superstructures. If they appear, the cryptocurrency will gradually lose its decentralization. We have enough of the fact that the state in the process of legalization of cryptocurrency will inevitably establish its rules for its circulation. Moreover, these rules will be constantly changing.

A whale with 50k bitcoin will be able to build a small town when the price go to 100k. Just do the math, its 5 billion dollars. If he spends 10% of it, it will be 500 million, enough to build dozens of homes. And if some 10 whales with enough btc around this same value get the idea together, they can build the first citadel and sell these homes for other holders. Then its just a matter of installing small-scale industry and farming, both operated by robots. Energy could be acquired through solar panels. The citadel would be encircled by a tall wall, armed with machineguns, and the outside terrain would be filled with mines, to keep the nocoiners out.

With 1000 whales, we can have some nice citadels around the world. When bitcoin reaches 1 million, the citadels will have planes, tanks and nukes, acquired on the black market, and will use satellites to collect solar energy for mining. Governance could be reached by vote through a blockchain. Each house will be allodial property, and the streets will be patrolled by security robots, all linked to the blockchain. The citadel will be self-sustained, nobody will need to work as the robots will do everything for everybody, producing food and every kind of product using 3d printers. People will not spend their coins, there will be no need for that, instead they will be hold as aristocratic titles. The reborn of traditionalist values in a neutral framework would mean the demise of the old State bureaucracy.

This is like one of those "lets start over" sort of thing. Like an apocalypse to start the world over again.

I guess if a government was over thrown and replaced or a brand new one was formed together with bitcoin enthusiasts you could start your own country or town. The problem is where? I think almost all livable space is being used or owned by someone or has some future plan.

Perhaps one day we will see bitcoin used in space when we finally start exploring the galaxy for a new home since will killed earth. Then morning nodes would float around in space. I can see crypto becoming its own authority together with the people in a situation like that but not right now in the state the earth is in.

Legalizing is again making it centralized. One cannot hope for making something legal unless there is someone who is overseeing the transactions and who is sending money to whom. In a way it would control the criminals who are transacting crypto but they will just move on to some other crypto.

In other words legalizing makes it easier for people to transact them with fiat and then trade them very easily without having to go through big fees of exchanges an thus help in the adoption and usage of bitcoin. On the other hand it can have a bad effect since whales would not take it as a good step for their health.

It obviously contradicts the whole idea of decentralization.

The usual reason why people kept on using cryptocurrencies is that they are free. They are not inside the shackles of the government, spying over the transactions they made. The transaction might be seen in the blockchain but you can only see their addresses but not who they really are. That is what we needed especially on the internet.

Well i think people don't  need any givernement.. because  in some countries people are more  focus on bitcoin rather than the bitcoin government..

Maybe sometime in the future, when bitcoin will be world-famous and world-used it we need. But regulation is against the purpose of crypto and I do not know how it will affect it.

They only need to focus on what needs to be done for their betterment. If you live somewhere government policies are strict then follow them. The more you try to rebel with them more chances of you losing your ground and going to jail. Of course for common people this wont matter because they are not getting involved in shady business using crypto.

For those who are into shady stuff though, they are the ones who would rebel if their source of money is taken away. Its not that if this hypothetical bitcoin government is created then their problems would go away. They may pretty well be the same.

we are already suffering from rampant fraud in the cryptocurrency market.  Take at least as an example of an ico company, yes, because of which many investors are losing money.  If there were any levers of control or an impact on the current situation, then perhaps we would not have such deplorable consequences.  It seems to me that the government of many states is clearly declining in the activity of the cryptocurrency market, since there are already quite a lot of abuse of cryptocurrency in the world.

In my opinion, the bitcoin government will never exist, because bitcoin is not owned by any government, and will be a secondary currency because there is no physical. The main currency remains in each country in cash.
Therefore bitcoin is the world currency that can be traded on crypto exchanges in each country or traded globally.

Freedom is a beauty of Bitcoin but sometimes this freedom demands a parallel regulatory system to avoid the scams and misuse of this digital asset and for that Bitcoin government can work as an option.

Government is the best solution how to make bitcoin and altcoin on higher price, when government have allowed using bitcoin as transaction payment will make bitcoin and altcoin price will be up and always get positive respond form many people.

Bitcoin government will never happen and even if it does happen it's gonna be so bad that we would wish it never happened. The only possiblity I see of this happening is.. If every single country makes Bitcoin legal and give more attention to it.

I think that this "government" will consist only of interested people. It’s not worth counting on the fact that this “government” will take in itself representatives from ordinary people-enthusiasts who will really be anxious and want justice. Therefore, the scenario of such an ideal Bitcoin government is a true utopia.

Bitcoin is not a state to have government. What kind of idea is that? Besides Bitcoin is functioning on principles of decentralization so every atempt to create some centralized body that would rule it is against its nature.
Sometimes I really think that some people here don't have a clue what they are talking about.

I don't think that there is any point of having a bitcoin government. Bitcoin is fine just like now. And I'm afraid the government might actually do something bad about bitcoin since they will have power over it. We want it to be decentralized and have centralized exchanges that actually supports cryptocurrencies.

Maybe what is meant is crypto currency issued by the government. If so, that means crypto issued by the country is compatible with official fiat currencies. The effect is that the exchange rate that occurs will parallel the exchange rate of the currency.
Then, the government can intervene in the crypto owned through the central bank to prevent prices from being out of control.

A Bitcoin government would only defeat its very purpose. It would only make Bitcoin much like the governments that we have right now, something that is centralized, oppressive, and greedy. In the first place, Bitcoin is here as a kind of protest of what the governments and the banks represent.

A governance is needed for any system to work properly and ensure reduction in different forms of abuse. Fortunately that is not possible for bitcoin as a transaction system. So there is no need for any central authority to watch over it. However the thing that is needed is a bit of regulation among the different companies associated with bitcoin, such as miners, service providers, exchanges and news media. All these working together will keep the ecosystem healthy and reduce the bunch of fake news and FUD that get posted in several places by delusional trolls.

However that is far from what is happening and thus I dont see the massive FUD that happens with every bear market to ever reduce.

According to my opinion, there is no need of any bitcoin government.. people will  manage  the bitcoin with their own way.. so no need of any rules and regulations and any bitcoin  government..

not so simple was the outside world.  It is necessary to initially change the state system so that people can be morally, physically and financially independent.  The state is always trying to control everything connected with a person and punishes those who are undesirable.  Based on this, full-fledged legalization of cryptocurrency will occur only under the complete control of the cryptocurrency by the world government.

"the bitcoin government" in my opinion is interesting, the benefit is that we can get more support to access bitcoin. Even hunting for more than that is very permissible, because the government certainly supports it. but it's not that easy, the government and bitcoin are difficult to unite, depending on each country.

We do not need a Bitcoin government. It betrays the very foundation of Bitcoin. Bitcoin does not want power to be focused on a central body such as a Bitcoin government. Thus, the decentralization principle it seeks to uphold. Anything that is created to govern is not in line with Bitcoin philosophy. Decentralization is the key here.

Who would actually be responsible for doing it? Remember that if you have establish a government there should have to be someone who will be acting as the leaders and eventually they are  all subject to following local government rules.

Consider the fact how the current government reacts to the uncontrollable bitcoin will you think that they are going to agree with it. Keeping bitcoin as decentralized as it is right now is actually the best choice the Satoshi have ever done (To keep our security) and to keep bitcoin being controlled by someone else that might abuse the power. Unlike having the current situation in which there is no one who can control it.

If we have a centralized authority, it will go against the very principle of decentralization which is the backbone of Bitcoin. Obviously we are facing a lot of challenges from the government. But forming an authority to control Bitcoin is not the way to move forward. We are sufficiently united behind Bitcoin and within that framework we can work for the betterment of cryptocurrency.

I think the governments of the world have a lot more things to handle at the ground level like poverty, healthcare, education, defense and economics than to think about a cultist monetary system which is having no physical existence. However they do meddle into the affairs of crypto when law enforcement starts to see money laundering among them.

Basically the governments extort money from every business out there and use their law enforcement as a tactic to scare them. This is just a part of being in this world, you have to follow it and you have to pay your taxes for that and at times additional bribes. Making a crypto/public ledger based system would make these illegal transactions public and that is not something any political leader ever wants. ;)

Bitcoin and governing don't go together.


Every country uses bitcoin. All you need is a device and an internet connection.

Rather look to a decentralized solution where is people have a shareholding of different things that we need to build our society and keep it functioning.

I wont say bitcoin has gained a huge popularity in the last 10 years, more correctly the first 10 years of bitcoin, but I do am bullish about the next few years for crypto.

There has been mainstream mentioning about crypto and how much it can affect our economic systems if used in the proper manner. Now if government see anything bad in it that they feel is going to help in monye laundering then we can fight against it but it would be futile. The few people who can influence their decision are the big companies who actually run these countries.

When the government sees that quite a lot of money passes through its citizens, which they do not control, they will decide on the full legalization of cryptocurrency.  At the same time, it is impossible to speak of a total ban of cryptocurrencies in the world, since any government will meet with great resistance from humanity.