Government & Bitcoin

[Savemore]

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 only accept the bitcoin as a currency that can use in daily payment. The government can't control the bitcoin because we all know that the bitcoin is decentralized.

[AK47-]

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 only accept the bitcoin as a currency that can use in daily payment. The government can't control the bitcoin because we all know that the bitcoin is decentralized.

But in some countries where Bitcoin is legalized, government is regulating exchanges which are in turn connected to bank account or personal information. That can help in ensuring user's safety but government can have all the records from the exchange when needed. Thus a threat to anonymity.

[Casdinyard]

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 only accept the bitcoin as a currency that can use in daily payment. The government can't control the bitcoin because we all know that the bitcoin is decentralized.

But in some countries where Bitcoin is legalized, government is regulating exchanges which are in turn connected to bank account or personal information. That can help in ensuring user's safety but government can have all the records from the exchange when needed. Thus a threat to anonymity.

And if that will happen, the essence of bitcoin will be worthless. The anonymity and being decentralized will be just the history. I think government should be hands off to this. Like yeah they can legal it but the features will be present and will be the same. We always see that when a country legalized bitcoin it is another milestone in bitcoin community but the benefit of the people will not be compromise.

[BigBos]

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 only accept the bitcoin as a currency that can use in daily payment. The government can't control the bitcoin because we all know that the bitcoin is decentralized.

But in some countries where Bitcoin is legalized, government is regulating exchanges which are in turn connected to bank account or personal information. That can help in ensuring user's safety but government can have all the records from the exchange when needed. Thus a threat to anonymity.

Well, sometimes the government sees negative things from bitcoin. That's not wrong, because some groups use bitcoins like that. But, if bitcoin is received by a government, it will probably make the price and popularity of bitcoin even higher.

[darthmaul]

The government is always adoptive to new markets and open technology. They just don't care about it unless and until it us helpful in the public interest as well as industrial use. They will never waste time and money to develop something like blockchain unless it is used by them or in the financial institutes like banks, loan bazar etc.

If they think it's worth investing then they might consider it developing in the way they want. They have accepted the gold, oil and all the traditional ways of trading system so why not bitcoin as whole new future of crypto currency.

[filharvey]

Though governments and banks do not welcome bitcoin,but they are very much excited to implement the block chain technology in which bitcoin works.Banks treat bitcoin as rival but they too are interested to implement block chain technology.Governments have already implemented block chain technology in health sector as well as other sectors.It finds that block chain system is less cost and it is efficient in carrying out operations.Just like they adopted internet and converted all their processes in to digital,they would adopt this technology also.

[Ctn]

I think of government in completely different way. They are government, the body which is eligible to make changes in the system and to create the rules for the nation so that it can run smoothly and in peace.

They will do bring the revolutionary technology like bitcoin into effect if they want to by changing the rules and regulation simply. There is no way we can underestimate the power of government. Who knows they might just be developing the new ways of implementing the crypto currency in the system.

[Carlsen]

It depends from geovernment to government how they want to deal with crypto currencies.
In general it seems like the less democratic the government, the less accepted is bitcoin by them.
I suppose that has something to do with controle.
The good thing is that the public notification of bitcoin in general seems to be improving.

[Insticator]

It depends from geovernment to government how they want to deal with crypto currencies.
In general it seems like the less democratic the government, the less accepted is bitcoin by them.
I suppose that has something to do with controle.
The good thing is that the public notification of bitcoin in general seems to be improving.

there are government that wouldn't adopt the crypto but there are countries that adopt it and it well pays of if they adopt it.

[ckorbba]

It depends from geovernment to government how they want to deal with crypto currencies.
In general it seems like the less democratic the government, the less accepted is bitcoin by them.
I suppose that has something to do with controle.
The good thing is that the public notification of bitcoin in general seems to be improving.

The fact is that in my country I still have not heard the official announcement of the legalization of the crypto currency. But nevertheless, many commercial structures and banking institutions use Bitcoin and conduct exchanges. There was still a statement that it was possible to create a national crypto currency, but nevertheless I did not hear the official statement from the government.

[Superzpay]

I think of government in completely different way. They are government, the body which is eligible to make changes in the system and to create the rules for the nation so that it can run smoothly and in peace.

They will do bring the revolutionary technology like bitcoin into effect if they want to by changing the rules and regulation simply. There is no way we can underestimate the power of government. Who knows they might just be developing the new ways of implementing the crypto currency in the system.

Exactly, we can’t underestimate the power of government in a country. There are legislatures who are doing work for the prosperity of nations by managing and implementing new rules. And we must think if bitcoins, in coming years, are so vastly used in business then government would just make some system to make it work properly under the laws.

[kodtycoon]

I think of government in completely different way. They are government, the body which is eligible to make changes in the system and to create the rules for the nation so that it can run smoothly and in peace.

They will do bring the revolutionary technology like bitcoin into effect if they want to by changing the rules and regulation simply. There is no way we can underestimate the power of government. Who knows they might just be developing the new ways of implementing the crypto currency in the system.

Exactly, we can’t underestimate the power of government in a country. There are legislatures who are doing work for the prosperity of nations by managing and implementing new rules. And we must think if bitcoins, in coming years, are so vastly used in business then government would just make some system to make it work properly under the laws.

But still the bitcoin will not be controlled by the government, because bitcoin is a decentralized digital currency and the government will also not know how many bitcoin users in an area or their own country.

[Shutup]

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.

If our goverment agree for bitcoin.Bitcoin will be okey to all over the world.And electronic transactions will be implement to all over the world for easy and make people quick to transact everything to make in their life.When this happen one goverment will implement also for the better  of all people to make life easy for the development and advance technology for every one.

[szpalata]

Governments and Bitcoin to me are at variance with each other because Bitcoin is a decentralized currency without the direct control of a government or a central body and so it doesn't have any correlation with any central body or government.

[mharz]

Governments and Bitcoin to me are at variance with each other because Bitcoin is a decentralized currency without the direct control of a government or a central body and so it doesn't have any correlation with any central body or government.

In my opinion I don't want to have any relation on government and bitcoin, because if it is happen they have a possibility to take the government the leadership on bitcoin. Also they had a chance that bitcoin was use in corruption.

[Pettuh4]

Governments and Bitcoin to me are at variance with each other because Bitcoin is a decentralized currency without the direct control of a government or a central body and so it doesn't have any correlation with any central body or government.

In my opinion I don't want to have any relation on government and bitcoin, because if it is happen they have a possibility to take the government the leadership on bitcoin. Also they had a chance that bitcoin was use in corruption.

Of course through Bitcoin governments/head of states can enhance corruption by moving state resources overseas and stocking them up in their private banks and so it's right for governments not to have any direct control of Bitcoin.

[jekjekman]

Governments and Bitcoin to me are at variance with each other because Bitcoin is a decentralized currency without the direct control of a government or a central body and so it doesn't have any correlation with any central body or government.

In my opinion I don't want to have any relation on government and bitcoin, because if it is happen they have a possibility to take the government the leadership on bitcoin. Also they had a chance that bitcoin was use in corruption.

Of course through Bitcoin governments/head of states can enhance corruption by moving state resources overseas and stocking them up in their private banks and so it's right for governments not to have any direct control of Bitcoin.

Bitcoin is decentralized no matter what so if any government have an intention to penetrate it to at least regulate a piece of it and I think it is impossible because the main essence of bitcoin is decentralization.

We all know that bitcoin as this day still no tax in terms of paying different kinds of transactions in the internet because it is virtual and governments in the whole world need to make a system to analyze every single transactions that is happening then that is not impossible but it takes a lot of work so good luck to them.

[doomloop]

I think of government in completely different way. They are government, the body which is eligible to make changes in the system and to create the rules for the nation so that it can run smoothly and in peace.

They will do bring the revolutionary technology like bitcoin into effect if they want to by changing the rules and regulation simply. There is no way we can underestimate the power of government. Who knows they might just be developing the new ways of implementing the crypto currency in the system.

well it is true that bitcoin is based on the government and the society but government of our country is not gona legalize bitcoin this is the problem we are facing today the government institutes are investing in bitcoin but they are not accepting bitcoin regularly because they want to make money but they not want to make bitcoin the more popular and the valuable currency more than their paper money but hope and hope is the best may be they took pity on bitcoin soon.

[mirakal]

I think of government in completely different way. They are government, the body which is eligible to make changes in the system and to create the rules for the nation so that it can run smoothly and in peace.

They will do bring the revolutionary technology like bitcoin into effect if they want to by changing the rules and regulation simply. There is no way we can underestimate the power of government. Who knows they might just be developing the new ways of implementing the crypto currency in the system.

well it is true that bitcoin is based on the government and the society but government of our country is not gona legalize bitcoin this is the problem we are facing today the government institutes are investing in bitcoin but they are not accepting bitcoin regularly because they want to make money but they not want to make bitcoin the more popular and the valuable currency more than their paper money but hope and hope is the best may be they took pity on bitcoin soon.

It doesn't mean that because they don't legalize now we will loss our hope, give your government some time, when they see that big countries are adopting for sure they will consider legalizing it. With them to regulate bitcoin it will help them improve their nation because with the transaction that is coming in and out the economy will also be affected in a positive manner.

[kriptotr]

I think of government in completely different way. They are government, the body which is eligible to make changes in the system and to create the rules for the nation so that it can run smoothly and in peace.

They will do bring the revolutionary technology like bitcoin into effect if they want to by changing the rules and regulation simply. There is no way we can underestimate the power of government. Who knows they might just be developing the new ways of implementing the crypto currency in the system.

well it is true that bitcoin is based on the government and the society but government of our country is not gona legalize bitcoin this is the problem we are facing today the government institutes are investing in bitcoin but they are not accepting bitcoin regularly because they want to make money but they not want to make bitcoin the more popular and the valuable currency more than their paper money but hope and hope is the best may be they took pity on bitcoin soon.

It doesn't mean that because they don't legalize now we will loss our hope, give your government some time, when they see that big countries are adopting for sure they will consider legalizing it. With them to regulate bitcoin it will help them improve their nation because with the transaction that is coming in and out the economy will also be affected in a positive manner.

Right and I agree totally. If they legalize bitcoin, they will enjoy it too. As people perform transactions, this means they doing good job and getting payments from outside. Or they're paying to have good technical products.

All of the bitcoin activities should be considered as positive by governments.