Government & Bitcoin

[darewaller]

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.

Government & bitcoin can be possible because nowadays bitcoin was already legal in many countries here in the world. Stated that when looking on the other side we cannot deny that the bitcoin and government was match together that causes a broader help in increasing an economy

There is a big difference of being called illegal and not regulated, AFAIK only few countries declared bitcoin as illegal and as long as we have
the big countries like Japan and Russia who are using bitcoin we can still expect that great demand will happen in the future.

I believe the demand of Bitcoin will auto raise more in future. Because the bank can't provide us a safe place to keep money, inflation continues to occur made the value of FIAT always decreases while all things are increasing more value.

The government can’t control it due to being decentralized, and no government will let the other control it while they watch from the side. It’s just not easy, and unregulated currencies has been around for a long time now. But one thing you should know is this– despite that the government cannot control Bitcoin, they can still do somethings that can seriously damage every cryptocurrencies, and even bring an end to it anytime they wish.

[Happichfun]

if many companies start support Bitcoin All government will Support it So that we just need to make rich men trust in bitcoin

[bytomboy1234]

if many companies start support Bitcoin All government will Support it So that we just need to make rich men trust in bitcoin

the countries which have banned it not because of unable to collect taxes but because of the fear of crimes with that currency, as they are saying that bitcoin transactions are anonymous and they are unable to find any transaction made for any illegal use.

[Sled]

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.

Government & bitcoin can be possible because nowadays bitcoin was already legal in many countries here in the world. Stated that when looking on the other side we cannot deny that the bitcoin and government was match together that causes a broader help in increasing an economy

There is a big difference of being called illegal and not regulated, AFAIK only few countries declared bitcoin as illegal and as long as we have
the big countries like Japan and Russia who are using bitcoin we can still expect that great demand will happen in the future.

I believe the demand of Bitcoin will auto raise more in future. Because the bank can't provide us a safe place to keep money, inflation continues to occur made the value of FIAT always decreases while all things are increasing more value.

The government can’t control it due to being decentralized, and no government will let the other control it while they watch from the side. It’s just not easy, and unregulated currencies has been around for a long time now. But one thing you should know is this– despite that the government cannot control Bitcoin, they can still do somethings that can seriously damage every cryptocurrencies, and even bring an end to it anytime they wish.

I agree to that. Since the government is one of the most powerful organization then they can make a lot of damage for the cryptocurrencies since all the people in all countries will obey to their orders or else they will spend their time in jail. If the governments want to end the bitcoin then they will make an order or law to ban it and that is the worst case scenario for bitcoin.

[mininglegend1234]

Yes it's a new trend of currency that many individuals need in this immediate work world, wherever you're and for anybody who has the authority to work.

Governments will not adopt Bitcoin in order to keep up with the world that is becoming more and more digital. It's more likely for them to incorporate their fiat into something similar as Bitcoin, but then the version created and managed by the government to retain its control over the market.

[btcminer6212]

Yes it's a new trend of currency that many individuals need in this immediate work world, wherever you're and for anybody who has the authority to work.

Yes actually smart government have already sensed the future potential of bitcoin/blockchain tech thats why they have already started supporting local bitcoin exchangers as well as blockchain based startups. Only dumb, noob government like in underdeveloping countries they are only busy with political game for power banned or even don't know the revolutionary bitcoin tech.

[hangar18]

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.

Government & bitcoin can be possible because nowadays bitcoin was already legal in many countries here in the world. Stated that when looking on the other side we cannot deny that the bitcoin and government was match together that causes a broader help in increasing an economy

There is a big difference of being called illegal and not regulated, AFAIK only few countries declared bitcoin as illegal and as long as we have
the big countries like Japan and Russia who are using bitcoin we can still expect that great demand will happen in the future.

I believe the demand of Bitcoin will auto raise more in future. Because the bank can't provide us a safe place to keep money, inflation continues to occur made the value of FIAT always decreases while all things are increasing more value.

The government can’t control it due to being decentralized, and no government will let the other control it while they watch from the side. It’s just not easy, and unregulated currencies has been around for a long time now. But one thing you should know is this– despite that the government cannot control Bitcoin, they can still do somethings that can seriously damage every cryptocurrencies, and even bring an end to it anytime they wish.

I agree to that. Since the government is one of the most powerful organization then they can make a lot of damage for the cryptocurrencies since all the people in all countries will obey to their orders or else they will spend their time in jail. If the governments want to end the bitcoin then they will make an order or law to ban it and that is the worst case scenario for bitcoin.

Ban Bitcoin is impossible. Sadly, unlike ICOs, the government can not ban the activity of Bitcoin's user. In the fact, the Bitcoin's user can trade it through decentralized exchange anytime or private marketplace. Telegram, Skype, ICQ are the services can provide private message to help them can interactive to make deal.

[nagatraju]

Banning it will not stop anything actually, it will just force bitcoin to step into underground pace. The same thing with drugs and stuff, it is illegal in most countries but that don't stop people from using or distributing it.

[Humvee998]

Most of the government system today tries to regulate the usage of Bitcoin but they can't and will not ever regulate it. They can adopt it as form of payment for faster transcation. I believe in the near future most countries will adopt digital currencies.

China have done that already.....

[Tegin92]

Bitcoin, introduced in 2009, as a global digital payment tool with no geographical boundaries, begins to disrupt commodity-used as an investment asset. The growing interest eventually forced the government to mix its circulation.

Like a currency or a means of payment, Bitcoin is denied. Its meaning is not valid if used as a means of payment. However, its circulation is not prohibited at all. As long as used as a commodity, like gold.

[zeze18]

I think if the Government and Bitcoin work together maybe Bitcoin will help reduce unemployment so that poverty begins to dwindle.
With Bitcoin we can earn income so it becomes a good source of income and if the government inaugurates Bitcoin I think poverty and unemployment will decrease.

[musharaf]

Government and bitcoin are the latest and ever times news for the bitcoin users as from the start governments is trying to bane the bitcoin currency but they are not successful still as the bitcoin is trading everywhere in the world many big investor has invested big amounts and they are hopeful that one day the governments will convinced for accepting bitcoin as a currency.

[Dudeperfect]

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.

[winterland]

government is already adapting and working with banks, there are some of them which are using blockchain technology to overcome probably bitcoin

i doubt it will stay there and watch bitcoin sucking its fiat(scam) currency

But  even if they create their own crypto, their own scam coins as you call them that is not going to be enough since bitcoin already exists and they are not going to create something like it because it does not benefit them so bitcoin is going to be used by all of those that do not want to be part of the scam that is the current economic system.

[Fulmand]

The type of forex is quite unimportant. Anything that  prevalent worth may be used to account unlawful actions, and much more, can be expected to be doing so. USD, Euro, Yen, btc, precious metal, expensive diamonds, drugs, and so on. The moderate is fungible, criminals is going to be criminals. The forex doesn't make them so.has

I think Government will never accept bitcoin because bitcoin is decentralized currency and the government never see any effort to which they can be get any taxed from them and bitcoin has there own platform to scape from any taxed by the government.

[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 most recent example of such is africa where the authorities being unable to constrain inflation totally abandoned their own currency. However a favor of a basket of other currencies (mostly US dollars) in 2016.

[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.

 The most recent example of such is africa where the authorities being unable to constrain inflation totally abandoned their own currency. However a favor of a basket of other currencies (mostly US dollars) in 2016.

Most of the countries have problem about economy usually choose Dollar to replace their FIAT. I certainly do not have many countries are ready to accept Bitcoin or cryptocurrency to replace their FIAT system. Example the Japanese government, though they have accepted Bitcoin is legally, but they are managing all transaction of Bitcoin in their country.

[Tegin92]

The Bitcoin software encrypts every transaction, with the sender and receiver identified only through a series of numbers, but the recording of every Bitcoin token movement is published across the entire network.
Buyers and sellers remain unknown, but anyone can see that a coin moves from A to B, and the Bitcoin code system can prevent someone from using tokens a second time.
The Bitcoin usage system allows one to send money directly to one another, without an intermediary as it applies to the banking system. So, central banks and governments have no role here.

[sunnex100]

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

[DevilSlayer]

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.

It is a fact that the government can't control the bitcoin. It is one of the advantage of the bitcoins, no one can control bitcoins. Government can't also collect tax to the bitcoin owners. I think it is one of the reason why the government is thinking whether they will legalize bitcoin or not.