The British government is considering paying out research grants with bitcoin

[the_poet]

http://qz.com/670708/the-british-government-is-considering-paying-out-research-grants-with-bitcoin/

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[calkob]

Very good this will be standard practise in 15 years time and we will look back and wonder why we ever doubted it.

[Lauda]

Now this would be something quite interesting and very unexpected. This would definitely be a very positive sign, should it ever happen.

Very good this will be standard practise in 15 years time and we will look back and wonder why we ever doubted it.

Speculation.

[Wapinter]

http://qz.com/670708/the-british-government-is-considering-paying-out-research-grants-with-bitcoin/

Good news.This is definitely going to give bitcoin a great boost.I am sure other Governments will follow in the footsteps of British Government and give bitcoin its due recognition

[helloeverybody]

or some permutation of the blockchain technology that underpins it

promising in that they are thinking of using some kind of blockchain to watch over the transactions. Blockchain get thrown around quite a lot these days though. not necessarily bitcoin. Still good news though.

[mookid]

The United Kingdom is the leading country in Finance Technologies startups. The legal framework there allows innovation to prosper. That why Bitcoin and Ethereum ecosystems will grow rapidly there.

[tuvok007]

Bitcoin is going mainstream!

[Hazir]

The United Kingdom is the leading country in Finance Technologies startups. The legal framework there allows innovation to prosper. That why Bitcoin and Ethereum ecosystems will grow rapidly there.

My friend from UK wanted to buy bitcoin from some UK based exchange, to no avail. It is crazy hard with their banking regulations to buy bitcoins fast and fees on their exchanges are horrendous.
From my experience I found it is easier to buy bitcoins in Russia that in UK.

[dothebeats]

Studies on the blockchain technology and not the whole bitcoin protocol, I might say. Several institutions already showed motives on developing their platforms within a blockchain or with a blockchain. Much to my dismay, they only acknowledge the concept of the public ledger system and not the whole protocol per se. Overall, a nice news for bitcoin.

[satmas]

"The United Kingdom’s government is exploring using bitcoin, or some permutation of the blockchain technology that underpins it, to pay out and monitor taxpayer-funded research grants."

It is just the management with the block chain technology.

[Junko]

Interesting, I never realized the British government was so Bitcoin friendly.

[Yakamoto]

This is very good news, I am curious to see what happens to it in the future and if they continue this program.

I don't know why they started to give out grants in Bitcoin, but it's fine by me. I don't mind the extra publicity.

[zPanda]

Lovely to see some endorsement from the government.

[h3rlihy]

I think the British government considers many things and this shouldn't be given too much weight xD

[alani123]

I think the British government considers many things and this shouldn't be given too much weight xD

That's correct, throughout 2015 we heard so many things from UK officials about bitcoin but not much has come out of all this. They might as well take the opposite approach, let bitcoin users do what they want with minimal interference from them as government.

[Jasad]

http://qz.com/670708/the-british-government-is-considering-paying-out-research-grants-with-bitcoin/

not bad,its make bitcoin more popular on united kingdom,and people will know that goverment not fully hate bitcoin,they also considering to make bitcoin acceptable in every sector.

[h3rlihy]

That's correct, throughout 2015 we heard so many things from UK officials about bitcoin but not much has come out of all this. They might as well take the opposite approach, let bitcoin users do what they want with minimal interference from them as government.

Could've been worse though. Could've pulled a New York on it

[Evildrum]

Read the article and I know they say the government is becoming more excepting of bitcoin but most of the article is talking about blockchain technology and how they can use it. The only real reference to bitcoin is that it was used once in bitcoin atm by Osbourne.
So I am curious how they plan to use blockchain technology for grants if they are not using bitcoin,but I guess that is where we get the nudge towards bitcoin usage.

After reading a article about Russia cracking down and Britain being more open I am starting to wonder if there is more to this than meets the eye. Like bitcoin may be the way to take down some of these Countries that oppose or reflect a different image than the majority.

[DimensionZ]

The British government is interested in the Blockchain technology but it seems they are open to ideas for alt coin Blockchains as well and are not stopping with just the Bitcoin Blockchain. They want to monitor where the tax payers' money is going so a Blockchain will serve as a giant surveillance system that will record every dispensed research grant and make it available to audit for all the parties involved. No one will try to embezzle research grants if everyhone is watching who has the money and what they are doing with it.

[HarryKPeters]

http://qz.com/670708/the-british-government-is-considering-paying-out-research-grants-with-bitcoin/

Wow that's good news. I heard that the Bank of England launched their own bitcoin.
Which means the British are closely watching the developments in bitcoin.