Government & Bitcoin

[Olatunjex]

I am wondering if bitcoin can be stopped by any government a new came today which made some people dumped their coin. This is a blockchain technology it is been developed on daily basis and research are been carried out so it can't be stopped.

[1715062885]

1715062885

[1715062885]

1715062885

[1715062885]

1715062885

[Klestar]

This will be the problem with the government and bitcoin , because government cannot easily make disappear the businesses using fiat currency as an exchange to change with virtual currency, of course not all business owners won't change from fiat to virtual also eo government are still studying the cryptocurrencies.

[ocid]

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.

I think the government will not change the needs of its people (divert local currency into digital currency) because the government will think twice because what will happen to the poor "because they can not handle the virtual currency" because they can not afford modern digital pasilitas, You are mis-comparing the online infrastructure to the needs of the poor.

[Hernandezz]

This will be the problem with the government and bitcoin , because government cannot easily make disappear the businesses using fiat currency as an exchange to change with virtual currency, of course not all business owners won't change from fiat to virtual also eo government are still studying the cryptocurrencies.

yes, it takes time and adaptation to get to know the cryptocurrencies world including the government to do the policy in the new thing they are all thinking carefully because the fiat money into a medium of exchange that continues to use until now.

[unneros]

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 around the world are trying to ban Bitcoin as it makes many bad things happen. Many criminals have taken advantage of bitcoin to illegally transfer money.

[Smokey Bob]

Blockchain technology is going to be adapted into a lot of fields. Governments aren't usually known for being at the cutting edge of implementing technology, so it's gonna take a while for them to catch along. Sooner or later they're gonna use it for stuff tho. They of course want to tax the profits people get from crypto, but that's another matter.

[Basaleyi]

As seen in china and now rumors of what south Korea plan to do with bitcoin banning because of old theory called conflicts of interest .Gov or banks wish to control everything by investing your money so i expect to see more and more bans even in third world .

[danim1130]

from the first place bitcoin and government always arguing about this well it is still issue until now because we all know that bitcoin is decentralized and government cannot take some profits or interest on it. for sure in the near future they will accept bitcoins.

[xebecstyx]

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 are always finding ways to help boost their local economies. I think, at the moment, many governments and countries alike are starting to see the positive effects the cryptocurrency market could bring, and also, they are starting to embrace it rather than banning it or keeping their citizens away from it. Right now, it's already inevitable for the bitcoin market not to be recognized as one great invest module that any government could take advantage of.

[GoodLuck2]

They are not so far away, since they quickly began to impose taxes. The state machine is clumsy, but it will not miss its profit either. Let's see how they will interact with the world of crypto currency and whether they will not interfere.

These governments are playing a safe game. They actually don’t want to get into this world and for this they are only making lame excuses for bitcoins to be banned. There is nothing like this and people are just being fooled with their lame reasons. They know it better how amazing is this potential coin but they are not getting because they don’t need their people to grow more.

[Semosuchi Tesongrato]

It's difficult to make predictions; governments have the power, of course, but with blockchain technology and anonymity it's difficult to exercise it.
We'll see what bureaucrats will invent to stop us.

[Brunus]

Governments will try to impose rules and taxes (this is understandable), but is't not so easy.
Another possibility is the creation of "national cryptocurrency" (I know that it doesn't make sense) and then try to convince the population that it's a kind of "legal" bitcoin.

[Blackhammer321]

I think government will put limitations, rules and regulations to it, but now it's hard for the government to understand why this things are happening. It's such a big impact of bitcoin to the economy and i guess the government suspected any abnormalities but there aren't.

[janah]

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.

This situation it is hard to say that  government will accept bitcoin as a legal tender because not all country accepting bitcoin as a form of money because they are afraid that the people of there country will be in trouble because once the scammers/hackers will abuse there skills then the government will be the one to blame because they approve they legalize bitcoin.

[BagzMM]

I think government will put limitations, rules and regulations to it, but now it's hard for the government to understand why this things are happening. It's such a big impact of bitcoin to the economy and i guess the government suspected any abnormalities but there aren't.

Yes I agreed with that. The earnings from bitcoin has a great help to the economy.
Here in my country, the government has regulated the cash out of your fiat money from the exchange. The authorized exchange will ask your identity with valid government id's in creating a account to them. Meaning they can identify or monitor your transactions.

[cryptokitty]

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.

Maybe they will just started to adapt it when their environment or the people around their country already using it.  Most of the time our government are too late to adapt the advance or latest technologies.

[Ranly123]

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 world is changing and everything is going to evolve so as the economy. If the local govern will not adopt the new way of trading and the new ways of making business grow then they are not going to grow especialy as a country. The government must accept the fact that they should be adept in making their economy grow, they should evolve as well so that they will not left behind by other countries.

[cryptojac17]

I think government will put limitations, rules and regulations to it, but now it's hard for the government to understand why this things are happening. It's such a big impact of bitcoin to the economy and i guess the government suspected any abnormalities but there aren't.

Yes I agreed with that. The earnings from bitcoin has a great help to the economy.
Here in my country, the government has regulated the cash out of your fiat money from the exchange. The authorized exchange will ask your identity with valid government id's in creating a account to them. Meaning they can identify or monitor your transactions.

Yeah it is not good to elude taxes using bitcoin as a good citizen we should contribute to the government through taxes. Even though if we say the taxes we contribute will just go to graph and corruption it is the risk of the government official to do that. the good things to do is just pay your obligation. if you earn from bitcoin and if the law should obliged to pay the legit amount then you should pay because that is the law or be penalized.  

[The Crypto of the Opera]

I think that governments still don't understand what kind of revolution bitcoin ignited...

[Condoriano]

Government don't have any power when it comes to BTC. It was the national bank controlling every bank in the country. It will be the national bank will decide if they're going to recognize bitcoin. Using bitcoin will take some studies since the value is quite high and not yet economic friendly.