Government & Bitcoin

[sharted]

Well, a smart government will beginning to think about how to creatively tap into the Bitcoin potential than seek to totally shut it down. Cryptocurrencies given its rising prominence is now the future and governments must tap into this. This is a phenomenon that creates jobs and government likes the smell of that, or do they?

The argument that Bitcoin is used for illicit financial transactions and crime is stale news. Is the USD not used for crime and the likes? 

Governments where not looking at the big picture and it is now hitting them with a splash

Bitcoin give free money to many of the unemployed people and support their daily needs.Money is needed one for all the people,whether they are employee on un employee.Bitcoin give dollar to both and improve the state economy.

[Getmon]

The sharing economy is just going to continue to grow, and governments will be challenged to understand and manage its implications while embracing its benefits. However, governments will be at a significant disadvantage if they wait too long and newer technologies and markets will have already been developed that do not follow traditional models. Think of the following: Uber is the world’s largest taxi service and owns no cars. Airbnb provides lodging yet does not own real estate.

How will local governments adapt to these new ways of doing business that are disrupting traditional business models? All we know now is that governments are a long way from even contemplating and accepting this new reality.

Governments do not care much about the type of business for as long as they abide with the law, they pay the proper amount of taxes, and they will benefit the people themselves. These are the three top considerations when it comes to involving in business that will be done in a legit and legal way. However, the government has a lot of catching up to do because the growth and development of technology is very fast. They have to have clear laws on these.

[winterland]

In my opinion, governments won't ban it completely because such decision would return like a boomerang and might create the nuisance for it. The viable option for the government is to allow domestic exchanges to operate with the KYC guidelines and directly or indirectly monitoring the transactions of the users to determine their tax liability. I do see that some governments are working on this model and they are doing a research on this model as well as introducing own blockchain based cryptocurrency.

Which is not going to work as people begin to move to decentralized exchanges once people can transact their coins and they do not have to attach any name to their trading accounts governments will have to face a very difficult situation do they ban crypto with all the consequences that will carry or they accept this new scenario.

[mega]

Government take Bitcoin as anti economic indicator,But in reality Bitcoin is positive economic indicator. Government endeavor to ban it but failed to ban completely.If allow Bitcoin and access to common people it will helpful for government to boom economy of the country.

[Bezobraznike]

Government take Bitcoin as anti economic indicator,But in reality Bitcoin is positive economic indicator. Government endeavor to ban it but failed to ban completely.If allow Bitcoin and access to common people it will helpful for government to boom economy of the country.

   You are wrong about every thing you wrote! Depends from government will they
ban or accept Bitcoin, currently in world we have couple examples of both in reality.
If you wish to be more informed about that you need to visit some pages and read a
lot about how they did it.
   We can separate governments by good and bad one`s. Good one`s take care of their
country and citizens more than they take care of their interest. This kind of governments
will find easier path and accept crypto-currencies in the future. Bad governments need to
control people and they work just for their own interest, this kind of governments are
fighting against many kind of freedoms, including Bitcoin as a new payment system.

[tittensor]

In my opinion, governments won't ban it completely because such decision would return like a boomerang and might create the nuisance for it. The viable option for the government is to allow domestic exchanges to operate with the KYC guidelines and directly or indirectly monitoring the transactions of the users to determine their tax liability. I do see that some governments are working on this model and they are doing a research on this model as well as introducing own blockchain based cryptocurrency.

Which is not going to work as people begin to move to decentralized exchanges once people can transact their coins and they do not have to attach any name to their trading accounts governments will have to face a very difficult situation do they ban crypto with all the consequences that will carry or they accept this new scenario.

I remember decentralized exchange exist in the cryptocurrency world, included Bitcoin. I heard some people told about P2P exchange, it means an exchange do not controlled by anyone, all deal will be create by the user and the user have all permission to manage their funds, unlike normal crypto exchange as Polo, Bittrex ...

[Granxis]

Government take Bitcoin as anti economic indicator,But in reality Bitcoin is positive economic indicator. Government endeavor to ban it but failed to ban completely.If allow Bitcoin and access to common people it will helpful for government to boom economy of the country.

Each country have its own economic and political attitude, so it is not right to expect the same vision from every country. A repressive and restless country is afraid of Bitcoin and tries to ban it, because the public will want to use the money independently of the state.

[dameh2100]

When it comes to reality, now a days, goverment will not accept it. Because bitcoin is decentralized and goverment cannot manage it well. Aside from that,goverment dont know how blockchain works.I'd think they must learn it before they manage it.

[Rozcobs]

In my place considering bitcoin to the society is not that effective, due to our old poor system. The government is behind in technology instead of adapting it, they are trying to scare people of it. I heard in the news that one of our known politician in my country are giving warning to individuals if they will engage in bitcoin because it is dangerous. But it didn't find me scary but a challenge in this digital age that as long as it's not a crime or against the law I will invest time in it to learn and grow with. In I end, I think bitcoin can't be stopped, it will continue to grow and to change people's lives.

[Creating N Action]

Government is the responsible one that decided to the bitcoin become legal here in our country as well as in the other coubtries. The government  adapt the said bitcoin so that many people can use bitcoin legal. Once the government allows the bitcoin in our country, many people can work in bitcoin and they will considered bitcoin as their legal job. We all know that the government has the power to decided any activities that happened here in our counrty. Government is the responsible one that control the economy. The government will announce that bitcoin is now legal in our country and we are all free to work on bitcoin so that bitcoin can help us to have an extra income, to earn lots of money, it will help us to invest and save oney for our future.Bitcoin is the one that can help our economy to grow. We believe that bitcoin is the one that will help to develop and can increase our economy. In addition, the government is the one that will manage us as well as our economy.

[christina30]

The sharing economy is just going to continue to grow, and governments will be challenged to understand and manage its implications while embracing its benefits. However, governments will be at a significant disadvantage if they wait too long and newer technologies and markets will have already been developed that do not follow traditional models. Think of the following: Uber is the world’s largest taxi service and owns no cars. Airbnb provides lodging yet does not own real estate.

How will local governments adapt to these new ways of doing business that are disrupting traditional business models? All we know now is that governments are a long way from even contemplating and accepting this new reality.

The Chinese ban on bitcoin exchanges. Ultimately if governments don't like something they can make laws against it, or laws that make it much less attractive. If you invent a smart contract coin called TaxCoin which everyone has to use and deducts tax automatically .However technology is very fast so the government has catching up a lot

[Wildwest]

It's hard to say but mostly Government not really know about this currency work. They think can controlled Bitcoin but it's not Bitcoin is decentralized who no one can controlled the Bitcoin. Government mostly is centralized system that they can control his country system.

[siopaotsin]

If we want bitcoin to be a part of our country's currency, the government will be the ones to implement it. For now, the people are the one benefiting from it.

[bit.pawy]

Bitcoin is decentralized so I think there's really nothing that the government can benefit it from but only the government has the power to legalize bitcoin as a mode of currency. Also, it's most unlikely that it will be like that because it'll be difficult and disadvantageous I think if the country got two currencies.

[Duogembrot]

The sharing economy is just going to continue to grow, and governments will be challenged to understand and manage its implications while embracing its benefits. However, governments will be at a significant disadvantage if they wait too long and newer technologies and markets will have already been developed that do not follow traditional models. Think of the following: Uber is the world’s largest taxi service and owns no cars. Airbnb provides lodging yet does not own real estate.

How will local governments adapt to these new ways of doing business that are disrupting traditional business models? All we know now is that governments are a long way from even contemplating and accepting this new reality.

the government does not seem to be able to master bitcoin, as much as anything and as rich as any government can only use instead of mastering, the government can use bitcoin as a safer money store for the future.

[bittybits]

It will be difficult for some countries especially the third world countries to implement bitcoin in their currency because not all people have the capability and means of handling virtual money plus it'll be chaotic if there's two currency in a country. Virtual money a good thing that you don't have to have physical money on hand because it is safer right? But that will not happen for now and the government needs to really review how they will get to implement bitcoin in their country.

[Rebelf]

Individuals now adays heard this news about a person who became successful with the use of bitcoin. Everyone knows by using dedication for making this as par of yur lie, it's possible that you’d become one of these at some point. There are a lot of advantages of investing in bitcoin you can read on the internet like it has lower rising cost of living risk in which the product is unlimited and there is you don't need to worry that money hn termination. The dealings is also easy, easy and inexpensive and so much more. Just learn how ‘s the process in investing and when you learn it I know there’s no going back then.toa afs

[aeternus]

The sharing economy is just going to continue to grow, and governments will be challenged to understand and manage its implications while embracing its benefits. However, governments will be at a significant disadvantage if they wait too long and newer technologies and markets will have already been developed that do not follow traditional models. Think of the following: Uber is the world’s largest taxi service and owns no cars. Airbnb provides lodging yet does not own real estate.

How will local governments adapt to these new ways of doing business that are disrupting traditional business models? All we know now is that governments are a long way from even contemplating and accepting this new reality.

They have no choice to adapt but how they choose to do this will depend on the government itself, there are governments that are very protectionist, so I have no doubt we are going to see bans of such technologies but people are going to use them anyway if those technologies are more convenient, some others will adopt them as soon as possible and will reap the rewards in the future.

[suzanne5223]

If we want bitcoin to be a part of our country's currency, the government will be the ones to implement it. For now, the people are the one benefiting from it.

Yes, the masses are the one benefiting from bitcoin and we need more woman in the bitcoin business in other for the government to implement because every senate have a wife at home and we woman can easily make our man do something for us.

[cexylikepie]

The sharing economy is just going to continue to grow, and governments will be challenged to understand and manage its implications while embracing its benefits. However, governments will be at a significant disadvantage if they wait too long and newer technologies and markets will have already been developed that do not follow traditional models. Think of the following: Uber is the world’s largest taxi service and owns no cars. Airbnb provides lodging yet does not own real estate.

How will local governments adapt to these new ways of doing business that are disrupting traditional business models? All we know now is that governments are a long way from even contemplating and accepting this new reality.

They have no choice to adapt but how they choose to do this will depend on the government itself, there are governments that are very protectionist, so I have no doubt we are going to see bans of such technologies but people are going to use them anyway if those technologies are more convenient, some others will adopt them as soon as possible and will reap the rewards in the future.

The blockchain technology is really interesting. It can help the world solve many problems that we have spent a lot of time to find a solution. Beside that, blockchain technology can create a system can not attack by anyone if we have enough user for our system.