Government & Bitcoin

[BTCevo]

As long as Businesses would accept BTC the government would also follow through. Government can't stop the adoption of BTC, sooner or later they're going to realize the benefits that it can bring.

good point, I also think so

The government regulates businesses. The most effective way to control Bitcoin is to regulate the businesses that accept it. In this way, they may not be able to stop it, but they can keep it out of the mainstream.

Government can't stop bitcoin until theres so many using of it. Business using it or accept it because trading bitcoin is so easy and safe than the traditional trading system. So that government will forced to used it because if they not use it because the private business company will not cooperate with them because they not using bitcoin.

Yes its true that goverment can't stop bitcoin but using this for business its ok but it doesnt mean that it is safe than traditional trading system. Traditional system is safe can we also can claim back what we lost but a new system we can't find the culprit who are get our bitcoin if missing or may be scammed. All of this things must have advantages and disadvantages, thats what make goverment still using trading system and still haven't apply this new kind of trading to our society.

[AtheistAKASaneBrain]

As long as Businesses would accept BTC the government would also follow through. Government can't stop the adoption of BTC, sooner or later they're going to realize the benefits that it can bring.

good point, I also think so

The government regulates businesses. The most effective way to control Bitcoin is to regulate the businesses that accept it. In this way, they may not be able to stop it, but they can keep it out of the mainstream.

Government can't stop bitcoin until theres so many using of it. Business using it or accept it because trading bitcoin is so easy and safe than the traditional trading system. So that government will forced to used it because if they not use it because the private business company will not cooperate with them because they not using bitcoin.

Yes its true that goverment can't stop bitcoin but using this for business its ok but it doesnt mean that it is safe than traditional trading system. Traditional system is safe can we also can claim back what we lost but a new system we can't find the culprit who are get our bitcoin if missing or may be scammed. All of this things must have advantages and disadvantages, thats what make goverment still using trading system and still haven't apply this new kind of trading to our society.

As Bitcoin becomes more mainstream and gets taken more seriously, serious trading platforms such as Gemini which will be fully regulated, will arise. Chargeback systems will be possible through serious escrows and storage of wealth will be possible through serious 3rd parties such as Xapo.

[BTCevo]

As long as Businesses would accept BTC the government would also follow through. Government can't stop the adoption of BTC, sooner or later they're going to realize the benefits that it can bring.

good point, I also think so

The government regulates businesses. The most effective way to control Bitcoin is to regulate the businesses that accept it. In this way, they may not be able to stop it, but they can keep it out of the mainstream.

Government can't stop bitcoin until theres so many using of it. Business using it or accept it because trading bitcoin is so easy and safe than the traditional trading system. So that government will forced to used it because if they not use it because the private business company will not cooperate with them because they not using bitcoin.

Yes its true that goverment can't stop bitcoin but using this for business its ok but it doesnt mean that it is safe than traditional trading system. Traditional system is safe can we also can claim back what we lost but a new system we can't find the culprit who are get our bitcoin if missing or may be scammed. All of this things must have advantages and disadvantages, thats what make goverment still using trading system and still haven't apply this new kind of trading to our society.

As Bitcoin becomes more mainstream and gets taken more seriously, serious trading platforms such as Gemini which will be fully regulated, will arise. Chargeback systems will be possible through serious escrows and storage of wealth will be possible through serious 3rd parties such as Xapo.

Its true that nowadays bitcoin becomes more mainstream but the goverment still lack of idea of what are they suppose to do with this bitcoin. Yes and how are you going to tell government about escrows and xapo if they dont even care and still looking at the other ways to make their own currency better

[thejaytiesto]

As long as Businesses would accept BTC the government would also follow through. Government can't stop the adoption of BTC, sooner or later they're going to realize the benefits that it can bring.

good point, I also think so

The government regulates businesses. The most effective way to control Bitcoin is to regulate the businesses that accept it. In this way, they may not be able to stop it, but they can keep it out of the mainstream.

Government can't stop bitcoin until theres so many using of it. Business using it or accept it because trading bitcoin is so easy and safe than the traditional trading system. So that government will forced to used it because if they not use it because the private business company will not cooperate with them because they not using bitcoin.

Yes its true that goverment can't stop bitcoin but using this for business its ok but it doesnt mean that it is safe than traditional trading system. Traditional system is safe can we also can claim back what we lost but a new system we can't find the culprit who are get our bitcoin if missing or may be scammed. All of this things must have advantages and disadvantages, thats what make goverment still using trading system and still haven't apply this new kind of trading to our society.

As Bitcoin becomes more mainstream and gets taken more seriously, serious trading platforms such as Gemini which will be fully regulated, will arise. Chargeback systems will be possible through serious escrows and storage of wealth will be possible through serious 3rd parties such as Xapo.

Its true that nowadays bitcoin becomes more mainstream but the goverment still lack of idea of what are they suppose to do with this bitcoin. Yes and how are you going to tell government about escrows and xapo if they dont even care and still looking at the other ways to make their own currency better

Lol, the government isn't trying to improve their currencies, otherwise they would stop printing out fiat like crazy.
As for BTC, it will need severe regulations if you want to have for example, properties recognized at a institutional levels signed under smart contracts.

[tom555]

in my opinion government slowly will welcome for bitcoin as one of their economy base.

[Amph]

As long as Businesses would accept BTC the government would also follow through. Government can't stop the adoption of BTC, sooner or later they're going to realize the benefits that it can bring.

good point, I also think so

The government regulates businesses. The most effective way to control Bitcoin is to regulate the businesses that accept it. In this way, they may not be able to stop it, but they can keep it out of the mainstream.

There is a sizable parallel economy, which will find Bitcoin useful. Bitcoin may not become mainstream if the Government is against it, but it will become a favourite of people who primarily use cash now.

if everybody start to use bitcoin, it will go mainstream in no time, government and their fiat aren't needed... my real worry is not if the government is against bitcoin, but if government begin to control it, in some way(via merchats/mining ecc...) or begins to build a better currency, using the bitcoin technology

a clone made by them might work..the masses are stupid they may accept it, faster than bitcoin...

[freeyourmind]

in my opinion government slowly will welcome for bitcoin as one of their economy base.

Why do you think that?

The government is currently addicted to monetary expansion/money printing/debt creation.  Bitcoin doesn't allow for any monetary expansion at all, so why would the government welcome something that will end the game that they play today?

The government has the option to stop printing money right now, and can't seem to take that option willingly.

[BTCevo]

As long as Businesses would accept BTC the government would also follow through. Government can't stop the adoption of BTC, sooner or later they're going to realize the benefits that it can bring.

good point, I also think so

The government regulates businesses. The most effective way to control Bitcoin is to regulate the businesses that accept it. In this way, they may not be able to stop it, but they can keep it out of the mainstream.

Government can't stop bitcoin until theres so many using of it. Business using it or accept it because trading bitcoin is so easy and safe than the traditional trading system. So that government will forced to used it because if they not use it because the private business company will not cooperate with them because they not using bitcoin.

Yes its true that goverment can't stop bitcoin but using this for business its ok but it doesnt mean that it is safe than traditional trading system. Traditional system is safe can we also can claim back what we lost but a new system we can't find the culprit who are get our bitcoin if missing or may be scammed. All of this things must have advantages and disadvantages, thats what make goverment still using trading system and still haven't apply this new kind of trading to our society.

As Bitcoin becomes more mainstream and gets taken more seriously, serious trading platforms such as Gemini which will be fully regulated, will arise. Chargeback systems will be possible through serious escrows and storage of wealth will be possible through serious 3rd parties such as Xapo.

Its true that nowadays bitcoin becomes more mainstream but the goverment still lack of idea of what are they suppose to do with this bitcoin. Yes and how are you going to tell government about escrows and xapo if they dont even care and still looking at the other ways to make their own currency better

Lol, the government isn't trying to improve their currencies, otherwise they would stop printing out fiat like crazy.
As for BTC, it will need severe regulations if you want to have for example, properties recognized at a institutional levels signed under smart contracts.

They are trying to improve it or they trying to make it stable. BTC still got so many work to do if they want to substitute fiat money so thats why they need a decade may be just for the regulation like you said before

[ipbo]

Better the government will never adapt the bitcoins, it's a anonymous for the community of bitcoin users.

[BobK71]

if everybody start to use bitcoin, it will go mainstream in no time, government and their fiat aren't needed... my real worry is not if the government is against bitcoin, but if government begin to control it, in some way(via merchats/mining ecc...) or begins to build a better currency, using the bitcoin technology

a clone made by them might work..the masses are stupid they may accept it, faster than bitcoin...

The government might create a clone of bitcoin (where they control it by mining half the coins before going public...)  Let's call it govcoin.  If they want to go down that road, it means that they first have to let bitcoin go up in value and stay up, so people have confidence in crypto.

Once govcoin appears, unless there is a mass awaking of awareness, it will play the historical role of gold, while bitcoin will play the role of silver, and unfortunately we know how that story went.  Gold to silver price ratio went from its historical value of 10 to 100 even though silver might arguably be an even better form of money than gold.

The reason is that keeping paper currency pegged to both gold and silver is unstable inside a single country.  There were gold and silver countries, and eventually all countries went over to gold to follow the lead of the dominant power, Britain (for many good reasons, from the elites' point of view.)  Even if this last part doesn't happen again, due to no single country dominating the world, it's still hard to see any country going with bitcoin (since the state doesn't control it, unless it buys up a lot, say, after a big price drop.)

But, before all that, they have to allow bitcoin to establish itself nicely in the public mind.

[Dotakels]

in my opinion government slowly will welcome for bitcoin as one of their economy base.

Why do you think that?

The government is currently addicted to monetary expansion/money printing/debt creation.  Bitcoin doesn't allow for any monetary expansion at all, so why would the government welcome something that will end the game that they play today?

The government has the option to stop printing money right now, and can't seem to take that option willingly.

They think that because it is better to use a internet money than fiat money. Because you dont need a raw material so you can create a fiat money you dont have to buy it. But in the internet money you only need to do is to have a advance computer so that you can mine and this will help to avoid crime. If you think that in the internet money can hack or scam, they do a system or a security to avoid that.

[BTCevo]

in my opinion government slowly will welcome for bitcoin as one of their economy base.

Why do you think that?

The government is currently addicted to monetary expansion/money printing/debt creation.  Bitcoin doesn't allow for any monetary expansion at all, so why would the government welcome something that will end the game that they play today?

The government has the option to stop printing money right now, and can't seem to take that option willingly.

They think that because it is better to use a internet money than fiat money. Because you dont need a raw material so you can create a fiat money you dont have to buy it. But in the internet money you only need to do is to have a advance computer so that you can mine and this will help to avoid crime. If you think that in the internet money can hack or scam, they do a system or a security to avoid that.

But still they got security and some people were hacked. Every things that we do also have risk. The problem is how are we going to minimalize it and make it profit to us. Yes its true that we dont need raw material but fiat money is just a temporary money and for now bitcoin is trying to change it so we dont need to get raw materials to create it

[Dotakels]

in my opinion government slowly will welcome for bitcoin as one of their economy base.

Why do you think that?

The government is currently addicted to monetary expansion/money printing/debt creation.  Bitcoin doesn't allow for any monetary expansion at all, so why would the government welcome something that will end the game that they play today?

The government has the option to stop printing money right now, and can't seem to take that option willingly.

They think that because it is better to use a internet money than fiat money. Because you dont need a raw material so you can create a fiat money you dont have to buy it. But in the internet money you only need to do is to have a advance computer so that you can mine and this will help to avoid crime. If you think that in the internet money can hack or scam, they do a system or a security to avoid that.

But still they got security and some people were hacked. Every things that we do also have risk. The problem is how are we going to minimalize it and make it profit to us. Yes its true that we dont need raw material but fiat money is just a temporary money and for now bitcoin is trying to change it so we dont need to get raw materials to create it

That is the only problem the hacking, theres no system is safe now they do whatever theu can do to only hack.  But there are solutions that can resovle this problem create a system or security that no one can hack it or the safest system in the world. Haha imagination.

[thejaytiesto]

Computer protocols like TCP/IP and bittorrent have shown much more resilience than many financial institutions. With bitcoin you are trusting everyone else who owns bitcoin to have the desire to protect the value of their asset, with a bank you are trusting a group of bankers to not have to resort to fucking you.

[techgeek]

this is what I see, you can correct me if I`m wrong.

But, government with bitcoin will never get along based on two entire different system. One being centralized and the other one being de-centralized which is both opposite of each other.

Unless you got a bitcoin company big enough that takes the entire market, making it a centralized location thats a different story.

[LazerSMS]

the only thing government can do against bitcoin is spewing bulls*** about it being some ponzi scheme to fraud investors

[sankara87]

Governments want control, will never use the Bitcoin, certainly try to control them and create a Bitcoin government.

They can not leave the economy to private, it has never seen a government in history that it did, soon there will be laws.

But they are only speculations.

[WhatTheGox]

Governments want control, will never use the Bitcoin, certainly try to control them and create a Bitcoin government.

They can not leave the economy to private, it has never seen a government in history that it did, soon there will be laws.

But they are only speculations.

Its an ongoing battle, always has been.  Church would be intergrated back into the state if they could, we just need to keep building platforms to remove gov from our money, once people see the benefits the gov will stay removed.

[Amph]

the only thing government can do against bitcoin is spewing bulls*** about it being some ponzi scheme to fraud investors

which is exactly what he is doing with all those bullshit news and claims, that you see around on the web, and it seems like a good "tool" to kill bitcoin..

the price is tanking because of that too

[Slark]

the only thing government can do against bitcoin is spewing bulls*** about it being some ponzi scheme to fraud investors

which is exactly what he is doing with all those bullshit news and claims, that you see around on the web, and it seems like a good "tool" to kill bitcoin..

the price is tanking because of that too

No. Not really if Government really wanted to regulate bitcoin they could do this very easily. They are just waiting for bitcoin technology to be widely used. For now there are only couple of millions of bitcoin users.
That is not much for government to take action. The easiest way will be regulate bitcoin mining. If you will need government license just to be able to manufacture ASICs it will be it, manufacturers can be forced to put kill switches in their hardware too.