Government & Bitcoin

[Adonis11]

Mostly all big institutions will not allow that to happen. 

[plasmafrog75]

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.

Yes, the economy is growing, and now the government is saying Bitcoin and virtual currencies can pose a considerable risk to the economy in the country, I think the future of my country will find its way. Eliminate all virtual currency by easily causing the crisis.

[pou3197074235]

Since the invention of bitcoin, it has been claimed that bitcoin will be suppressed by governments and even outlawed in the future. The argument is that the further development of bitcoin will threaten the interests of traditional currencies, while rulers will not cede power to a p2p currency. Once governments declare it illegal, the price of bitcoin will fluctuate wildly in the short term and could collapse. At the same time, the government's ban will lead to the closure of the bitcoin trading platform. After the closing of the trading platform, bitcoin can only be realized in private, and its ability to cash will be greatly affected.

The theoretical basis of the government's crackdown on this view is that the currency is an effective tool for the government to control power, so the government will firmly hold the currency issue right in its own hands. And we think, however, many countries in the world, including the United States, will allow private money, so from the source, not governments around the world have natural power to suppress private money. To say the least, even if there is some governments, distribution rights to control their own currency, it is forbidden for any private monetary circulation in the country, they will find, to clamp down on COINS from the technology is almost impossible task.

We don't have to worry about whether the government will ban bitcoin.

If there is a real fear that some governments will be in a hurry, the cautious players who plan to hold bitcoin for a long time will be able to keep it in their wallets rather than on a trading platform. Plan to do at least a few more platforms to spread risk.

[Glorypaasa]

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 always want to be able to control and regulate bitcoin since it's directly related to financial value. In a way, it's a good thing, as it will allow for consumer protection and make it harder for scammers to get away with their crimes. However, too much control and restrictive regulation will always be a problem.

[yanlap]

I don't think that the government has a lot of question about bitcoin because they are not dumb to not research about it because there is a lot of branches under the leadership of the government. 

Just a few years ago almost all the governments of the world had the same views about the bitcoin and that was that bitcoin is just a fraud and wastage of time, money and energies whereas now the finance ministry of every government has not only realized that bitcoin is a reality but also they have got the assumption that the bitcoin will soon take over the major finances of the country with their own currency facing the downfall. So the earlier they are going to clear the policy regarding this, the lesser the loss they will face.

[weblaraveluser]

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.

Bitcoin and government is not compatible somehow in other countries because some of the country are being affected of bitcoins in a negative way so they are not trusting cryptocurrency that much and they still prefer fiat.

[DustanPorter]

Conclusion is that different government companies, departments have categorized bitcoin otherwise. I read someplace that governments could worry bitcoin result in benefit is identified by users and not central governments.

[Alik_Rzasoy]

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.

There are some advantages and disadvantages of crypto-currencies. One of the advantages of it is a new system which is based on blockchain technology with higher security for users other than that traditional models. As you know some countries banned all the services related to the cryptos but except that some governments in developing countries invest in this technology. The reason ban on crypto services in some countries is that e-payments can be done anonymously in favour of terrorism , drugs and other services. But in my opinion, in the future this currency will justify itself by spreading all around the world. Think about the knife, it can be used for both killing people and cutting vegetables, fruits depends on people whom it is used by and how? That is why many countries will accept it.

[laracastvue]

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 of the countries has different perspective about cryptocurrency and some of them does not like bitcoins to circulate on their area because of their own reasons, most of them are  corrupted because cryptocurrency is helping different peoples life to earn money for financing their needs.

[BLTC]

I'm sure that government at any point of time can manage to take charge on the crypto world. They can just basically tap people inside the cryptoworld to work alongside with them to understand the market and incorporate the government procedure so they could have that control.  Government is just watching for sure.

[Abiky]

For me, some government sectors and banks are now conducting studies and some experiments about cryptocurrency. Yes, there is some state are now accepting bitcoin and another cryptocurrency because they notice that this cryptocurrency is helpful for there economy. But some nation also bans bitcoin and some cryptocurrency for some reasons. So, I’m just hoping that someday or in the future that bitcoin and some cryptocurrency become legal and acceptable in any form of establishments. 

That's certainly true, mate. Some countries have realized Bitcoin's true potential to transform their current economic system, while others have decided to ban Bitcoin and other cryptocurrencies as they believe that it represents a threat to their economic system. Those who accept Bitcoin within their regions would benefit in the long term as criminal activity becomes reduced because of the transparency that blockchain technology provides.

Perhaps, someday when Bitcoin becomes strong enough to handle all the world's payments, countries that have banned it (like China) would have no choice but to accept it. Sooner or later, we will be able to experience digital fiat currencies as governments make their transition towards the blockchain technology that would be a benefit to their current monetary system. This would provide them the ability to trace every single transaction made on their ledgers allowing for greater reduction of illegal activities, but on the other hand, reducing the privacy of the everyday user.

Nevertheless, only time will tell whenever government would support Bitcoin for its own growth, or join themselves to destroy Bitcoin and other cryptocurrencies. Just my opinion

[elkafee79]

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 have already started to monitor the rise of bitcoins, once bitcoin gets mainstream enough, the value and market cap of bitcoin will increase significantly, then will come the time when the world powers will see it as a major force of economy, some will resist it and some will adapt to it.

But is better to adapt so that we have a unity in the currency and money. And its better to have a mainstream in the bitcoin so that the valued of it will increased.

i think its a good choice. goverment can be adopt bitcoin  in their country. because today many people respect bitcoin to their invest

[Elsie123]

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 must tell that is it hard for me to understand what is your question here. But you have to know this: Every Bitcoin expert believes that government intervention in the bitcoin industry is simply inevitable

[Bitfling]

Many government have obselete mindset and not want to accept bitcoin and cryptocurrency but many government want to regulating cryptomarket. Government must be need tax and they must issueing regulation to get taxes. I am believe that government will accept this cryptoworld and regulate it

[perfryan]

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.

In my opinion,bitcoin might revolutionise more than economics and to money
Its transform the government role and nature
From money supply the transactional stand point
Not just for any country but for everywhere.

[esa2782]

the think about government and bitcoin is that government reluctancy of accepting bitcoin makes thing goes "awkward", as far as we know, bitcoin is no drugs and do no harm to people, it is just a new way of doing business, government should adopt and accept it and also establish a strong protection for the people who are dealing with bitcoin and crypto in general.

[semutracing]

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.

The government and the bank can not do anything to control bitcoin. that's what makes their major concerns and depends on it now is getting more and more digital. if at some point even in less-rich countries the way people make payments become more digital, then bitcoin can certainly shake the economy in the country

[Dainye_dyep]

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.

In that case, the government must now start learning and studying the uprising trends of the modern technology that offer a lot more innovation that will have a great impact to its people and the same thing will be applied in the economy. They must now adapt fast to be able to go with the flow of events that involve with the rise of the economic progress. Though it was hard for their part to do such thing, it is a must need to do to be able have a intimate relationship between government and the uprising technology which involves Bitcoin as a digital and virtual currency.

[yulionoo]

but the government must adapt to bitcoin, though is little by little. because bitcoin is a digital asset that have potential in future. and its good for government and for us if we implement some system or something like that.
bitcoin can be hold by government. great if they ise it than they against it

[crypto vlad]

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.

In that case, the government must now start learning and studying the uprising trends of the modern technology that offer a lot more innovation that will have a great impact to its people and the same thing will be applied in the economy. They must now adapt fast to be able to go with the flow of events that involve with the rise of the economic progress. Though it was hard for their part to do such thing, it is a must need to do to be able have a intimate relationship between government and the uprising technology which involves Bitcoin as a digital and virtual currency.

yes and it must soon the government do so that people not behind the development of modern technology that helps the economic progress