Will the government accept it?

[oktana]

Lol, did you really say 'abolish' in your first question? Lol, that's really impossible.
The government can never do such to the banks, at least not the sector that they earn from;
The government earns a lot from the banking sector so, not happening in such way.

[btc-room101]

This of course will not be possible, because if the government eliminates the banking sector, automatically fiat currencies will no longer be produced, then of course there will be a massive economic crisis.
They will collect taxes through the exchange of each transaction.
Corruption is inevitable because it is inherent in human nature.

The banking system must be considered as part of the state, since it is a product of the state and banks are directly involved in the regulation and maintenance of the state's economy. The states pursue their credit and financial policies through the banking system. Therefore, banks will exist because they are under the protection of the state.
States will be forced to regulate the circulation of cryptocurrencies and this should be treated as an inevitable process. The national money of states will also not disappear anywhere, they will exist as long as the states exist. Therefore, the cryptocurrency will circulate in society only along with the money of states.

The banking system is a private-company, the Federal Reserve Bank is a private company.

What's most fascinating is that essentially the same old geriatrics that run the FSB, are the same kind of people that control BTC-CORE.

The original Satoshi narrative said "We're our own bank, we're bypassing FIAT", we we find out that BTC is controlled by the same people, with the same end goals.

Where is the Freedom-COIN?

The 'banking system' scam is now 400 years old in the West, China tried paper-money some 2,000 years ago and quit because of the scammers destroying the currency. We were told in the BEGIN that BITCOIN was going to solve this problem, now we find out that today's BITCOIN make USD-CASH look like honest money. At least with the 'banking-system' there is recourse, with bitcoin when you get robbed, you can't even seek retribution.

Will the GOV accept it? Let's see the GOV is not of the people, the GOV is of the CORPORATIONS; The Corporations would like nothing more than to generate their own company-scrypt to be spent at the company store, that was where jack-ma was taking his empire, before CCP shut him down.

No in the USA wild-west capitalism, the bitcon company store model, especially under the MUSK paradigm is a wet-dream for the likes of BIT-CORE & FSB.

[Henrobakkara]

  If my idea proves to be correct, will the government of the country accept it?
 1. Will the government of a country ever want their banking sector to be abolished?
 2.  How will the government collect taxes from the people?
 3.  If the government can't keep track of people's legitimate money, won't corruption increase?

If you look at it critically you would realize that we all know why Bitcoin or cryptocurrencies in general has not been fully adopted by most Governments. We can say for a fact that no Government will want to abolish their own Central Bank or any other privately owned bank in their country for obvious reasons (Taxes) which is the major issue to governments IMO and we know that the nature of cryptocurrencies, if you cant track the monies then people are free to do what ever they like and of cause crime might increase. 

[amihada]

From the first bitcoin was created by Satoshi Nakamoto, the price of bitcoin was still very cheap, even some bitcoins were only one burger, the government did not respond to bitcoin and when the price of bitcoin was getting expensive, to be precise in 2017 the government blocked bitcoin and now the price of bitcoin is very expensive, the government has not responded to bitcoin, maybe bitcoin cannot accepted by the government maybe they have their own reasons why they can't accept bitcoin.

[kopijos]

1. I don't think the government will abolish taxes, in every country in the world they would want taxes because it is a source of income.
2. For tax collection, it can be done in a simple way, such as charging the goods purchased by the community, including taxes, vehicle taxes, building land and many more, these are sources of tax to the government.
3.To track who owns the money from BTC, KYC can be done on each government exchange can coordinate with the exchange for easy tracking.

[Renampun]

From the first bitcoin was created by Satoshi Nakamoto, the price of bitcoin was still very cheap, even some bitcoins were only one burger, the government did not respond to bitcoin and when the price of bitcoin was getting expensive, to be precise in 2017 the government blocked bitcoin and now the price of bitcoin is very expensive, the government has not responded to bitcoin, maybe bitcoin cannot accepted by the government maybe they have their own reasons why they can't accept bitcoin.

as they often say, that Bitcoin cannot be controlled...
the reason the government doesn't like Bitcoin is that it is decentralized, meaning that no one will be able to control Bitcoin. if Bitcoin can be controlled then I believe the government will like it and manipulate its value to stabilize it. currently, many governments in various countries are directing Bitcoin to investment assets, even recently China through their central bank said 'Bitcoin is an alternative investment asset'.

[bitterguy28]

  If my idea proves to be correct, will the government of the country accept it?
 1. Will the government of a country ever want their banking sector to be abolished?

If the government finds profitable in terms of taxation why not?

2.  How will the government collect taxes from the people?

Thats the problem must be solved before formally that Bitcoin will be accepted.

3.  If the government can't keep track of people's legitimate money, won't corruption increase?

It will continue corrupted , because corrupt people will always be corrupt.

[NelfiNovita]

In my opinion, it is very difficult for the government to accept bitcoin because bitcoin is decentralized, where all transactions made cannot be known by other people so it is very difficult to track the person who made the transaction. the government is still hesitant about bitcoin because the people who created bitcoin until now are not clear about its existence.

[Jaycee99]

This is the reality as long as we are modern.  Think back to ancient times when people didn't know what money was.  They make transactions through products.  That is, one would replace the other's meat with vegetables.  And that was the process of their transaction.  People have changed over the course of the day.  At one time they used the leaves of the tree as a means of transaction.  Later, gold coins and silver coins were gradually introduced.  And today paper money has been created to make transactions easier.  But even 300 years ago there was no bank, and today we cannot go without a bank.  In the same way, 20 to 30 years from now, maybe the banking system will go up.  Because people don't want anyone else to know their bank account.  And people will choose digital cryptocurrency as an alternative to this bank.  Bitcoin may be his alternative.  Bitcoin is a decentralized process. This means that there is no need for a third party in this process.  There will come a time when people will no longer take the help of banks.  They will manage all the activities of daily life starting from shopping through digital cryptocurrency.

A good topic starter and question now I would like to start and share about something connected to this.

I know that there who already post before me but I just want to share that the local Government in the Visayas region of the Philippines accepted Cryptocurrency and it is amazing how there accepted it that possibly saw the future and good use of Cryptocurrency but there is a concern from the OP who started the previous topic I answered.

When there is a piece of good news and to shorten it there will always be bad results from it.  

My idea was that there Govemenr saw something special that they could put and might or possibly get money for their own expense.

  If my idea proves to be correct, will the government of the country accept it?
 1. Will the government of a country ever want their banking sector to be abolished?
 2.  How will the government collect taxes from the people?
 3.  If the government can't keep track of people's legitimate money, won't corruption increase?

1. This local Government that I am talking about can possibly prove that the banking sector can accept hope

2. That is my concern as well But I thought maybe this local Government make more money and fewer taxes from the city or local government.

3. Possible and might affect the Government but still, they can fond a life hole friend.

[gabriela1999]

It's hard to 1 government, the country accepts Bitcoin. Because they cannot control Bitcoin. They cannot retrieve transactions of people to tax. This is what they don't want it to happen.

[lifeforcepools]

The government is likely to continue to oppose any crypto and blockchain technologies. And this is their big mistake.