Government & Bitcoin

[Nameless27]

Governmnents will put their hands on BTC and try to regulate once it supposes some threat for them. For sure.

Government officials is not regulating bitcoin for it is a threat to them, but for a chance to earned and corrupt this system. They have no chance of holding our hands tight and get our taxes without regulating and approving a law to theyre bad intentions. And reality is they were being manipulated by central banks about it because they want those money will be run around them alone.

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[goldade]

With the way things are going, governments cannot sit on the fence for long and sooner or later, it will happen that they will be force to an action whether to support bitcoin of go against it with full force. Either way, when it happened, its going to be a landmark for bitcoin whether to the positive or the negative. Let us all hope for the best to come.

[Beparanf]

With the way things are going, governments cannot sit on the fence for long and sooner or later, it will happen that they will be force to an action whether to support bitcoin of go against it with full force. Either way, when it happened, its going to be a landmark for bitcoin whether to the positive or the negative. Let us all hope for the best to come.

Well when government interfer something happens like dump,correctiins etc. I just hope that btc can recover way too fast everytime government is in action making way how to get money on it.

[CryptoBry]

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 will soon adopt some of these innovations but to expect for it to be the prime mover I think that is not really the rule of the government...it is the private sector that should be at the forefront of new innovations. Individuals or groups of people can be the bringer of new catalysts for development and the government should only be supporting them. This is the American way of doing things...they are not waiting for the government to do it for them...of course because of the idea of entitlement this kind of culture is already eroding. 

[Laidence]

Damaging interest prices have already been rolled out in Denmark and Switzerland, which are the two practically cashless societies.Some argue that this gives the authorities (financial institutions) a increased diploma of control given that, with no cash, bank runs are not possible

[Barbarian]

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.

How are they going to manage people the trading of a currency that is not owned by anyone and that exists everywhere? This is going to be their greatest challenge as bitcoin become even more powerful as adoption keeps growing, I think bitcoin is going to be the challenge of the century for governments and I think they are slowly realizing that.

[emezh10]

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.

For sure the government have already try and make ways to adapt bitcoin usage because they have already recognized its benefits and have seen that a massive nunber of bitcoin users are present within their own state or country. They have already make ways to operate bitcoin usage to come along with the rise of the demands of the consumers. For sure they have already understand how bitcoin is working seems it was not that complicated to do.

[Forward_Thinking]

Governments are developing blockchain technology. I do not think governments will want to use bitcoins, but they will be moving money using their own coins.

[Paecga129]

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 will try and form competition. It will be through the blockchain, as they will create private ones with DLT. All nonsense and a waste of time. They should just buy BTC now.

[Abiky]

Yes I agree that it's extremely difficult for the govenment to intervene, but the most certain cases that government will not hesitate to implement strict regulations in it is; both btc community and government system will be integrated. With that idea, that would be a great development for digital currency and no wonder people will amazingly adopt the system in the future.

Completely true. The contribution of governments towards the growth of Bitcoin, will help it become closer towards mainstream adoption. However, if governments decide to apply too much regulation for Bitcoin, then it will greatly limit the pioneer cryptocurrency's growth and usage within that region. Therefore, as long as governments decide to support Bitcoin, the digital currency will continue to rise in user adoption.

Things aside, it would be wise for Bitcoin to become traded on decentralized exchanges to reduce government's control over its trading. What has happened with China lately, which banned Bitcoin exchanges shows us the flaws underlying current centralized trading platforms.

Nevertheless, it will only be a matter of time before governments either join the cause towards the growth of Bitcoin and other cryptocurrencies, or be left behind. Just my opinion.

[richkellj]

With the way things are going, governments cannot sit on the fence for long and sooner or later, it will happen that they will be force to an action whether to support bitcoin of go against it with full force. Either way, when it happened, its going to be a landmark for bitcoin whether to the positive or the negative. Let us all hope for the best to come.

Governments soon have to take an action either to support bitcoins fully or go against them but we know there are two blocks in the world who are antagonist and I believe if China has banned bitcoins, America is going to support them. In short bitcoins are never going to disappear forever.

[darewaller]

Damaging interest prices have already been rolled out in Denmark and Switzerland, which are the two practically cashless societies.Some argue that this gives the authorities (financial institutions) a increased diploma of control given that, with no cash, bank runs are not possible

If you say the government gains nothing from all these, then you’re saying it wrong. Okay, let’s say you’re mining Bitcoin, and at the end of the month you pay your bills- tell me, who are you paying the bills to, isn’t it government that you’re paying all those to? No matter what, they always have their own ways of gaining from all these developments.

[gabmen]

Damaging interest prices have already been rolled out in Denmark and Switzerland, which are the two practically cashless societies.Some argue that this gives the authorities (financial institutions) a increased diploma of control given that, with no cash, bank runs are not possible

If you say the government gains nothing from all these, then you’re saying it wrong. Okay, let’s say you’re mining Bitcoin, and at the end of the month you pay your bills- tell me, who are you paying the bills to, isn’t it government that you’re paying all those to? No matter what, they always have their own ways of gaining from all these developments.

I agree with your prespective about this dude and i think governments like japan and australia are seeing the potential of this as well. Im not really sure about china, considering they have probably the largest btc community. It seems the government there doesn't want anything they can't control

[ethereumhunter]

Damaging interest prices have already been rolled out in Denmark and Switzerland, which are the two practically cashless societies.Some argue that this gives the authorities (financial institutions) a increased diploma of control given that, with no cash, bank runs are not possible

If you say the government gains nothing from all these, then you’re saying it wrong. Okay, let’s say you’re mining Bitcoin, and at the end of the month you pay your bills- tell me, who are you paying the bills to, isn’t it government that you’re paying all those to? No matter what, they always have their own ways of gaining from all these developments.

I agree with your prespective about this dude and i think governments like japan and australia are seeing the potential of this as well. Im not really sure about china, considering they have probably the largest btc community. It seems the government there doesn't want anything they can't control

maybe we can forget china for a while as they have many plan with crypto currency especially in ico. i think actually many government is interested with bitcoin but they don't want to show to public and they better to reseach by secretly. but for japan which is approve bitcoin, the government giving support to the community and i think there will be more local shop accepting bitcoin as payment soon.

[Tubig]

Governments are already aware of the blockchain technology and they acknowledge the potential that it holds and how it is going to affect and change the existing banking and financial system. But they are not ready to use bitcoin being something they have no control over. I'm sure they already have something in plan to utilize blockchain but as i said what they want is to have something that can exist alongside their system.

Yeah, for now it's really hard for them to use that blockchain technology. Lets say if they are going to implant it to the bank, are people ready for that? Still so many countries still need to know more about bitcoins if they really want to make this blockchain technology really useful. They haven't ready for bitcoins to become one of our currency and they can't even control the movement of bitcoin due to lacking so much information. May be it will be 5-10 years more this bitcoins will be used worldwide

They government may have the possibility to engage with crypto currency but not all the people has the ability to engage withit.

[fanbeila]

No,world governments have already started to pay attention towards the marvelous technology block chain.Dubai is getting ready to soon make all of its governments sectors to be made to work on block chain technology.Governments have realized that using block chain system would reduce time,make the work ease and keep the data secure.Even the legalization of bitcoin by most governments shows that they have started realizing that bitcoin could not be avoided any more and they know very well that if they avoid it,then they would have to be left alone from the main stream of development.

[bitbunnny]

To my opinion governments are not the worst enemies of Bitcoin. Many of them are willing to accept the blockchain technology, which is of course not the same, but some governments together with central banks are also testing the use and possibilities of Bitcoin. In some due time I think many governments will regulate the Bitcoin and thus also recgonize it. And we don't have to be afraid of that.

[kuckong]

in my country still not accepted bitcoin, they not believe in bitcoin

[Abiky]

If you say the government gains nothing from all these, then you’re saying it wrong. Okay, let’s say you’re mining Bitcoin, and at the end of the month you pay your bills- tell me, who are you paying the bills to, isn’t it government that you’re paying all those to? No matter what, they always have their own ways of gaining from all these developments.

Exactly. The government will always have some gains with Bitcoin and other cryptocurrencies, via the bills you pay in your everyday life. No matter if you buy mining hardware at a store, you'll pay taxes for it. And if you earn capital gains with trading, you'll also need to pay for taxes. So, in the end it will be a win-win for the government and Bitcoin as people will support them both with their hard earned money and mining equipment.

However, the moment every government in the world starts banning Bitcoin, will be such where the pioneer cryptocurrency may fail due to the restrictions for anyone to support it. But as long as there is a single government supporting Bitcoin, then nothing should go wrong with its future. Just my opinion

[WatchMaker]

Government like the idea of controlling things before bitcoin. Yet bitcoin is changing everything for good, from how the government used to control things to how now people can control their money/asset. Bitcoin put people in control, and that is what government hate.