Government & Bitcoin

[Markperop]

Government will have to adapt and evolve with technology or it too will become obsolete as so many other things and systems in our world. At the moment there is such a holding back of technology from our current system.

I am surprised by the behavior of some government officials who in some countries are themselves involved in the development of the company's ico, while at the same time the state policy is aimed at banning the crypto currency, because it allegedly poses a danger to the state itself. I can not understand the union of two different things in one place.

[knight20]

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.

Yeah I agree, how will adopt this kind of business if they don't get any benefits like collecting tax to bitcoin. But they cant do it because bitcoin is decentralize currency. No one could manipulate it. So it is really hard to say that government will adapt or even agree with bitcoin. I'm not surprise or blame the other country why they banned bitcoin.

[faceoff97]

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 surely take part on regulating the process of using this new kind of system. Since bitcoin is now getting more popular and the market is getting bigger, government will actually do not let this system benefit them. When the cryptosystem is adopted, I dont think it will distruct the traditional way. I think it will actually help advance the new way business model.

[Irwandho]

I hope , they make a physical BTC it better than virtual

Physical bitcoins, not possible and then there will be no difference between the traditional currency and bitcoins. This is not at all a good idea.

If it will be possible to make physical bitcoins (almost impossible because to many factors) they will not be equal with the traditional currency never. Don't make equally bitcoin with the traditional money the making of physical coins but to many others things. Which simply are not possibly to happen. I will tell you only one factor that can't make bitcoin equal with the traditional money. Even if it will be physical bitcoins that will not make bitcoin inflationable like the traditional money. Never. Bitcoin don't incurs in any way inflation because the number of bitcoin is fixed and cannot be produced never more. So not inflationable. Traditional money incurs inflation every day. Because can be printed (possibly) how many times want the Central Bank of that tradition money.

the government is already working with banks, and there are some of them who have been using to overcome the possibility of bitcoin

[RavenHood]

Honestly, there is some state are presently tolerating bitcoin and another digital money since they see that this cryptocurrency is useful for there economy. Be that as it may, some country additionally bans bitcoin and some digital currency for a few reasons.

[tylerderden]

Government regulations are so slowly implemented but they're trying to adopt to new financial markets. Everything is changing, regulations and taxes too. We need few years for mass adoption and official law in almost all countries.

Government and bitcoin have unique relations in between them. Countries like china, Bangladesh Ecuador Malaysia, Israel ban bitcoin in their country . China government ban it because of their political issues. The decentralised nature of Bitcoin put a bad effect in country economy and an indirect effect an country own currency. Bitcoin also affect banking system of an country due to this Malaysia government ban it in their country. Israel government ban it because bitcoin is engaged with different antisocial work in their country. 

[Mr.Anonymous]

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 surely take part on regulating the process of using this new kind of system. Since bitcoin is now getting more popular and the market is getting bigger, government will actually do not let this system benefit them. When the cryptosystem is adopted, I dont think it will distruct the traditional way. I think it will actually help advance the new way business model.

Nothing will be change. Only the benefit of which company use blockchain for their system will have more profits. Because blockchain can saving money to spend for security system instead of hire white hacker to check bug and against the attack from black hacker. About the government, I believe blockchain for the country system will not like the nature of blockchain used for cryptocurrency, it can be become a new technology.

[Abiky]

Honestly, there is some state are presently tolerating bitcoin and another digital money since they see that this cryptocurrency is useful for there economy. Be that as it may, some country additionally bans bitcoin and some digital currency for a few reasons.

Agree. There have been many countries which have accepted Bitcoin as a legal form of payment within their region. When they do such move, is often to tax Bitcoin to benefit their economy. The other governments or countries which ban Bitcoin and other digital currencies, is simply because they believe that these alternative money systems are a threat to their current fiat system. However, as Bitcoin and other cryptocurrencies rise, governments from around the world will realize their potential to boost their economy. As such, they would have no choice but to accept Bitcoin and other cryptocurrencies as legal forms of payment in the long run.

Right now, since Bitcoin is nearly premature (just 9 years since its inception), many governments are afraid about this new kind of technology which decentralizes money. But, once they learn about the full potential of the blockchain, I believe that they'll welcome cryptocurrencies within their region for their own benefit. In the future, many countries might have accepted Bitcoin before you know it.

Therefore, it is only a matter of time before governments either join Bitcoin or be left behind with an obsolete monetary system. Just my thoughts

[B{o}T]

Negative interest rates have already been rolled out in Denmark and Switzerland, which are both virtually cashless societies. Some argue that this gives the government (banks) a higher degree of control since, without cash, bank runs are impossible

[Catakou14]

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 our country. The government is against abput the bitcoin, they always see bitcoin as a fraud or scams. But I still believe that bitcoin will be acceptednin our country soon.

[missmaria]

A very difficult topic because BTC is too big to fit in any regulations.

[TheClownSong]

Government always too late to adapting new technology because regulation. But I am believe with technology advantages, government will adapting blockchain but maybe limited for bitcoin or cryptocurrency because government must be have own regulation about their own currency

[pluMmet]

The government and bitcoin have to work together to with bitcoin can change the economy of a state, because if the government did not given permission bitcoin in their it will be difficult for people to access bitcoin and turn their economy be better

[daianapotter]

The government and bitcoin have to work together to with bitcoin can change the economy of a state, because if the government did not given permission bitcoin in their it will be difficult for people to access bitcoin and turn their economy be better

Sometimes government dont want change because they have... bussiness with bank... but soon or later, like it or not, they will have to accept bitcoin.

[Farvin2]

Few countries have already banned the Bitcoin. I think it's a clear sign that this virtual currency can end central banking and control. Banks only interest is the blockchain technology itself, instead of Bitcoin due to the fact that they could create their own crypto currency in which they could manipulate to their own needs.

[lehuong]

Governments are constantly faced with changes in the environment: Political, economical, legal, medical... The sharing community and Bitcoin is trivial compared to the worst problems they need to address.

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.

They choose to ignore the situation until it boils over

Nowadays, there are governments that have accepted bitcoin and allow bitcoin to trade as a paper currency. There are countries that are still working on more specific policies to make bitcoin safer, and there are governments that are banned bitcoin

[Birin016]

The government and bitcoin must be interconnected because the government can still set the development of the it might even I think that the government could banned bitcoin in access in his country, but like her it is not possible because like any bitcoin will be able to help the economy of the residents in a state

[dekafee79]

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.

off course, Bitcoin is the future currency. Government must addopted it.because crypto is digital currency for transactions.

[pluMmet]

The government and bitcoin have to work together to with bitcoin can change the economy of a state, because if the government did not given permission bitcoin in their it will be difficult for people to access bitcoin and turn their economy be better

Sometimes government dont want change because they have... bussiness with bank... but soon or later, like it or not, they will have to accept bitcoin.

True because however bitcoin is progress of the payment system and income for everyone who want to do not want to go to the environment and should be in thanks for it didn’t give negative impact, like gambling that have entered in the community life but gambling is negativity to her in remove even though it was very difficult and nearly impossible to eliminate gambling.
Bitcoin that is a positive must be in received

[Sled]

The government and bitcoin have to work together to with bitcoin can change the economy of a state, because if the government did not given permission bitcoin in their it will be difficult for people to access bitcoin and turn their economy be better

Sometimes government dont want change because they have... bussiness with bank... but soon or later, like it or not, they will have to accept bitcoin.

I think that they will not accept bitcoin in the future because they will just create their own digital currencies rather than prioritizing bitcoin but there is still some chance for bitcoin to get accepted and approved by the government because like Japan they accepted bitcoin and now they are experiencing the benefits of bitcoin.