Government & Bitcoin

[Lorna111]

"Government & Bitcoin"
Government is the controlling Agency of its country, it provide order and a lot more function as it is today. They talked about Regulations, Tax, Banned, Scammers etc.etc...vs. Bitcoin.... with the Global Acceptances of Bitcoin in every corners of the world...People on the Government REACT but in some way contemplate on how  they will address the issues affecting the trading Market on Bitcoin...i am optimistic that Monetary Governing Agency will realize how important to Act now not later about the growing CONCERN about Bitcoin.

[Abiky]

but the government must adapt to bitcoin, though is little by little. because bitcoin is a digital asset that have potential in future. and its good for government and for us if we implement some system or something like that.
bitcoin can be hold by government. great if they ise it than they against it

Yes. Governments would need to adapt to Bitcoin, if they want to harness the benefits that it provides for their current monetary system. Slowly but steady, some governments have started to adopt Bitcoin within their regions, and have become interested in issuing their own digital fiat currencies. But, there have been other governments which have been against Bitcoin and other cryptocurrencies such as India and China, which believe that decentralized cryptocurrencies are a threat to their current monetary system.

Eventually, those that are against Bitcoin would have no choice to but join it, as it becomes virtually unstoppable. The benefits that Bitcoin' blockchain technology provides, would be too hard to ignore, leaving every country in the world with a digital currency of their own. Therefore, the more Bitcoin becomes accepted in a country, the faster its growth would be there. It's only a matter of time, before any government in the world would accept Bitcoin and other cryptocurrencies as legal forms of payment. Just my opinion

[cepedacharles]

Bitcoin are legal in some countries, and if people of these countries are able to use bitcoin for their benefit positively, it will also attract attention of other people. And the government can't stop the people to get from what it wants, because otherwise they will be overthrown by the people. The government gives what people want, so it is more important for people to know bitcoin first, then want it.

[missmaria]

This is a very important topic - current fall of the market is directly connected with the pressure from goverments - that's my opinion on that.

[Tumanggor]

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 is a group of people who only think of themselves, the world and technology grow faster and they are just busy with politics and bullshit, 
they will not think about the fate of their citizens business, this is the reason we should make reference that we should stand alone without them.

[EinaiOraCoinDev]

the government is afraid of what bitcoin can do with their own currency.government will never support Bitcoin.It is easy for a government to accept Bitcoin because of its nature.But Until now, they can not find out the details of the transaction very clearly.

[Kevondo]

but the government must adapt to bitcoin, though is little by little. because bitcoin is a digital asset that have potential in future. and its good for government and for us if we implement some system or something like that.
bitcoin can be hold by government. great if they ise it than they against it

Tax is the major issue between the adoptions. Governments should realize that for whom are we using and utilizing tax and from whom are we getting it. They should allow this asset for people in order to enrich their people. They should give the opportunity to its people to take care of their selves doing this business. Feel free and live happily with new systems and technologies.

[concept2]

Many government have obselete mindset and not want to accept bitcoin and cryptocurrency but many government want to regulating cryptomarket. Government must be need tax and they must issueing regulation to get taxes. I am believe that government will accept this cryptoworld and regulate it

But not the whole government will be happy about this idea. Obsolete government will never ever accept bitcoin. Just look at China. Well, they are not really obsolete but the Chinese government wants to control their citizens with any price. And if there is no decentralization, there will be no cryptocurrency

[anzhanbei1214068]

In macroeconomics, there is a concept called seigniorage. The meaning of seigniorage is the difference between the cost of minting money and its face value. In the age of paper money, the cost of printing money was negligible, and the government had a monopoly on printing money, so it was able to get all the seigniorage.

The emergence of bitcoin interrupts this monopoly. So many governments are cracking down on bitcoin.

[breathlessz]

the government is afraid of what bitcoin can do with their own currency.government will never support Bitcoin.It is easy for a government to accept Bitcoin because of its nature.But Until now, they can not find out the details of the transaction very clearly.

beside bubble, the government afraid when bitcoin is used for negative things, for example money laundering. therefore the government still considering bitcoin regulation

[Menawi12]

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.

Many government always too late adapting technology and bring technology to regulation. Regulation is needed if government want to boost economic growth. Like bitcoin or cryptocurrency, if government published regulation on investment instrumen, government will earn taxes and people more confident with their investment

[SkustaClee]

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 in our country is now recognized bitcoin as a money. There are now many regulations about cryptocurrencies in our country. Many people in my country are now using bitcoin to pay their bills.

[Ch01ce0N3]

I think it is time for the government to be able to adapt to this era so as not to lag behind. Collaborate both; traditional ways and technologies combined. So complementary.

[linshisui38]

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 have been aware of the blockchain technology, acknowledging its potential and how it will affect and change existing banking and financial systems. Bitcoin will be subject to more regulation. But that is not necessarily a bad thing. Some bitcoin investors believe that if the government regulates bitcoin more, it might legalize bitcoin and expand its use.

[Mia-]

Governments have already started to monitor the rise of bitcoins, once bitcoin gets mainstream enough, the value and market cap of bitcoin will increase significantly. Bitcoin has made a lot of impact to everyone's life not only to people but also to the economy.

[jeluhtajem]

Well as of this time I haven't heard that our government has mention bitcoins in their offices. I really hope that they will not think that bitcoin in some point is gonna be bad in the economic status of the country. But there are a lot people here who are aware and part of bitcoin, yet no negative thoughts about it.

[mypat3op]

I think now government has become a friend for crypto currency. Like we know some country was accept crypto currency and some other will follow them soon. Actually it's good for us so there is no way to scare to get scam by exchanger.

[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.

Governments have been aware of the blockchain technology, acknowledging its potential and how it will affect and change existing banking and financial systems. Bitcoin will be subject to more regulation. But that is not necessarily a bad thing. Some bitcoin investors believe that if the government regulates bitcoin more, it might legalize bitcoin and expand its use.

In my opinion, using Bitcoin to apply in some fields is more hard than use blockchain - the Bitcoin technology to develop and create new system. Bitcoin is old and it is decentralized system, the government never have chance to manage any decentralized system if they do not change the nature of this system. Therefore, the government still need a long time to consider careful which field is good for Bitcoin at the moment. Maybe, like the decision of U.S for Bitcoin, see it as a stock.

[FlightyPouch]

I think now government has become a friend for crypto currency. Like we know some country was accept crypto currency and some other will follow them soon. Actually it's good for us so there is no way to scare to get scam by exchanger.

How can you say that the Government has now became a friend for Crypto Currencies? Any supporting statements? proofs? As you said, there are some country that accepts Bitcoin so there are still some who do not accepts Bitcoin the reason we can't say that it is a Government's friend.

In our country, government are always warning us, giving us cautions to be careful on using digital currencies particularly Bitcoin. They do not want us, Bitcoin users to use it committing crimes.

[Bitexpert2017]

Government will have to adapt and evolve with technology or it too will become obsolete as so many other things and systems in our world. At the moment there is such a holding back of technology from our current system.