If the government supports bitcoin instead of the existing currency.

[jcarlo]

I am believe any government can not adopt bitcoin to replace their own currency. Bitcoin is decentralized currency and no one can control the supply and the data transaction. Government need central banks on their economic system and thats why government always use their own currency

[Pab]

 What government
Bitcoin is not any national currency any government will do that ever
Imagine your money in controlled by some China guys
Will you be happy i guess no

[airdropcoin]

most likely wont happen simply because its decentralize. Government form in centralized manner itself. their own fundamental is centralized and its certainly would not sync well with crypto decentralized ideas

I strongly agree that cryptocurrency will not replace traditional currency, and cryptocurrency is only an independent existence. The government will not support scattered coins. The scattered coins will make the government lose control of the economy. National governments that support Bitcoin still have, but not all.

[Ericgreen]

I'm not sure if the government supports bitcoin, not even the currency. of course the government will support it if it is included in its thinking and not harmful. bitcoin is difficult to control and its anonymity makes the government unwilling to support it even if it accepts it.

The government will give support if they'll get something from here. If the community allow its legalization and tax imposed by the government, they might have no conflict with it and the government will bring crypto into more known currency.
I know the government are willing to support crypto but it somehow some individuals taking advantage of its anonymity and used this into illegal activities.

Yes, some individuals used it into illegal activities on which makes the crypto hard to implement in the community but, the government now will started to take a step in order to stop it on which can help the cryptocurrency to be adopted in the community sooner that everyone can be able to use it in secure and for the fast transaction in their daily lifes.

Really hopes that it could happen soon, crypto could really be useful for all transaction, even the global transaction will become easier,if the government decided to implement crypto, I believe there will be an increasing in economic system, crypto could be used for bad thing and good thing so people not supposed to judge crypto because of some people used it for bad things

It will also support all the countries to reach the same level economically as they all will then use the same currency and with the crypto we know that there is no any restrictions for any country in the world business. With that step the world will become a global village and all of the people around the world will have many opportunities financially.

[Opnsrc]

Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit? The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result? Of course, I know that the government is very unlikely to support bitcoin, but who knows?

If the government will support bitcoin instead of the existing currency, i think everyone in the world will be having bitcoin and they will use it as an payment to buy the things that they need and want in every store.

No one government will do it. Yes, they can support Bitcoin and some altcoins, but the national currency will be always on the first place. However, in future, many countries will use the cryptos widely.

[bitbunnny]

It's been said so many times before and I think it's very clear - cryptocurrencies will not replace fiat money. They are part of economic system that whole world relies on. Countries and governments can't survive without fiat money and even if they give support to Bitcoin and other cryptocurrencies they will not stop to produce and support national currencies. Economy based only on cryptocurrencies couldn't survive, this is just utopia.

[senin]

Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit? The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result? Of course, I know that the government is very unlikely to support bitcoin, but who knows?

Governments can allow the circulation of cryptocurrency on their territory, however, they will never actively support Bitcoin or another decentralized cryptocurrency, much less abandon their national money. This can not be, because cryptocurrency, unlike national currencies, has no relationship with the economy of any state and, moreover, has very high price volatility. And it is destructive for the economy of any state.

[949miner]

It's been said so many times before and I think it's very clear - cryptocurrencies will not replace fiat money. They are part of economic system that whole world relies on. Countries and governments can't survive without fiat money and even if they give support to Bitcoin and other cryptocurrencies they will not stop to produce and support national currencies. Economy based only on cryptocurrencies couldn't survive, this is just utopia.

Also, there is gonna be a HUGE loss of jobs, and that is not just a fact.
Take in consideration that fiat money is something that can not be replaced in matter of a few years. Maybe some people will consider it as a way to keep investing or safeguarding your money, but not more than that.

[CASTIEL05]

Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit? The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result? Of course, I know that the government is very unlikely to support bitcoin, but who knows?

They never treat bitcoin as a legalize digital currency right now. Yet bitcoin is decentralized but we do not know if it could be hackable. Of course, government will always doubt of it specially Satoshi Nakamoto (The founder of bitcoin) still anonymous today. But probably, it will become a step by step procedure when every country accept it.

[Dimas99]

I think it requires time and process to shift the function of fiat currency because of the need for comprehensive legal recognition for all countries

[Janation]

I think it requires time and process to shift the function of fiat currency because of the need for comprehensive legal recognition for all countries

I don't think that this is possible.

Paper money is being the currency of every countries for a long time now. It is like a culture to people every time they pay their bills or buying things they need or want. Changing that means taking down the culture of using these currencies, I know that it is the future but the people are still not ready. There are still a lot of things to be done and one of them is the economy of the country. Better focus on the real problem of the country than the problem on currency.

[Ozero]

Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit? The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result? Of course, I know that the government is very unlikely to support bitcoin, but who knows?

No state will ever give up their national money and will not use only cryptocurrency. There is no such example, and I am sure that it will not. The price of national money reflects the state of the state’s economy; this money interacts with the state’s economy. This is not and can not be with cryptocurrency. Cryptocurrency can not have any relation to the economy of a particular state and exists by itself. Planning the development of indicators of the country's economy, the implementation of the country's budget is impossible in cryptocurrency, including because of its high volatility. As long as states exist, its national money will continue to exist.

[badungs]

In my opinion. the government will continue to support the development of digital currency technology, especially crypto. but the government will not take a policy to manage crypto currencies such as existing currencies. the government will differentiate the use of crypto currencies and conventional currencies.

[Barbarian]

It is obvious that I will like for governments to recognize cryptocurrencies as a superior form of money but we need to be realistic the chances of that happening are very low so what we need to do is to concentrate on how to make people to adopt cryptocurrencies even without the support from the government, and right now there is not a clear answer about what we can do to accelerate that process.

[jobukegoya]

If government shows a soft corner t bitcoin and crypto with their existing currency bitcoin will more famous and strong for the upcoming investors and users and this will be a good step of the countries if they duly allow crypto for use and for government transactions too now blockchain is the fastest way to make online payments and a good solutions for holding in wallet.

To support bitcoin as a means of payment is not something easy, because there must be a stable and evenly distributed internet network, there is a laptop / computer or an Android phone. Knowledge of bitcoin and how to use it, as well as the mentality of the community that must be educated because everything is digital. Physically there is no money. Technology is better because the blockchain makes it more efficient.

[efxtrader]

Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit? The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result? Of course, I know that the government is very unlikely to support bitcoin, but who knows?

I think its hard for government in the world eliminate their own currency and replace it with bitcoin. Its because bitcoin is decentralized cryptocurrency and government can not control the supply like government did on fiat money.

[conected]

Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit? The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result? Of course, I know that the government is very unlikely to support bitcoin, but who knows?

I think its hard for government in the world eliminate their own currency and replace it with bitcoin. Its because bitcoin is decentralized cryptocurrency and government can not control the supply like government did on fiat money.

- Of course, the features of Bitcoin almost against the management of the government, and with such problems, there is no reason for governments to support bitcoin in the future, support with bitcoin, it only causes the government to lose control over transactions in society. While with paper money, they can manage very easily, people also do not complain about any inconvenience or trouble with paper money, so, I think if the government wants to support, they will support paper money, their currency, instead of support bitcoin

[wxa7115]

If government shows a soft corner t bitcoin and crypto with their existing currency bitcoin will more famous and strong for the upcoming investors and users and this will be a good step of the countries if they duly allow crypto for use and for government transactions too now blockchain is the fastest way to make online payments and a good solutions for holding in wallet.

To support bitcoin as a means of payment is not something easy, because there must be a stable and evenly distributed internet network, there is a laptop / computer or an Android phone. Knowledge of bitcoin and how to use it, as well as the mentality of the community that must be educated because everything is digital. Physically there is no money. Technology is better because the blockchain makes it more efficient.

Which is why it is better to let bitcoin to be adopted at the speed people want and try not to force it in any way or form, bitcoin is definitely very useful and it has a huge potential but we must admit that it has limitations, the problems with how we are going to make bitcoin scale are still there, the developers are in the process of solving them but that is still an issue and as you say the level of infrastructure that you need in a country in order for bitcoin to function is big.

Also the level of wealth of the population needs to be very high as well because you will need that most of them has access to the Internet and access to a device that he can use to connect to it just to use bitcoin and while that is a given in many first world countries that is not true in many other countries.

[Micerker]

Bitcoin has provided to 21M, so that if the global use it is not allowed. Do đó if this will be going to many lots fork that as a solution instead of the Bitcoin and will try to destroy it to replace it. This will not show because the paper is the priority.

[ufalo3]

Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit? The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result? Of course, I know that the government is very unlikely to support bitcoin, but who knows?

I think its hard for government in the world eliminate their own currency and replace it with bitcoin. Its because bitcoin is decentralized cryptocurrency and government can not control the supply like government did on fiat money.

It will be weird if the government decides to support some cryptocurrency instead of the national currency. Naturally, it will never happen. Crypto can be used but as an alternative way to make some financial operations.