If the government supports bitcoin instead of the existing currency.

[reflector]

The government of any state will never make a decision to destroy its own national money and replace it with a crypto currency. The task of any government is the strengthening of national money. From this, the economy of the country is strengthened and increases. Replacing the national currency with a crypto currency will cause the economy to decay and its complete unbalancing because of its high volatility. I think that unlike this forum, there are no children in the governments of the countries and they will never have such a stupid idea in their heads.

I do not think Governments are that much equiped to adopt crypto currency as their national currency now dude. They expect the stable money to support the country since the shit Rothschild rules this whole world money system people does not what is mean by money so far.
We need to understand why cash system has been came to the market as a usage.

Frank truth, crypto currency will replace the traditional currency for sure but for these shit world politics will not let that happen soon. Whatever they do, they cannot stop it mate.

[Ridwan Fauzi]

The government of any state will never make a decision to destroy its own national money and replace it with a crypto currency. The task of any government is the strengthening of national money. From this, the economy of the country is strengthened and increases. Replacing the national currency with a crypto currency will cause the economy to decay and its complete unbalancing because of its high volatility. I think that unlike this forum, there are no children in the governments of the countries and they will never have such a stupid idea in their heads.

This is a misconception of everyone, bitcoin and cryptocurrency will never be able to replace paper money even if the state receives payment with the money cryptos. Before the existence of money cryptos, we know credit card where payment system using a digital system. But what happens now, is paper money can be replaced with digital money in the credit card? the answer is no. The use of payment systems is not all using the digital money, there will always be a payment system that uses paper money. This is a part of FUD that will give a negative opinion of the world of cryptos.

[amih]

I am not convinced that the government will support the existence of bitcoin because one thing that causes the government not to support bitcoin is because as we know that bitcoin is a decentralized currency that does not require a central bank so it can not be controlled by the government. maybe bitcoin will get support from the government if the government can find a way to control the existence of bitcoin so that it will apply the tax system by the government.

[Rustamm]

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?

Why do you think that the national money of a particular state has no real value? This is not true. Paper national money is practically a bill of the state. National money is provided by the state's gold and foreign exchange reserves and the country's gross domestic income. At their cost, the state issues a number of certain bills. But decentralized crypto currency has no intrinsic value. These are just figures and letters that society knows as having a certain value for a certain moment. Therefore, it is unlikely that any state will ignore its money and use the crypto currency as the main money of this state. This will be a very reckless step.

[laurenB7742]

It's very hard to imagine government accepting BTC in its current decentralized and distributed nature. If that happens ever, the government role will be just like other ordinary BTC owners.
Anything can happen in future but it doesn't look possible now.

[kramchers]

If bitcoin gets the support of every government, theres nothing to talk about.
bitcoin will rise more than it has before.
we can have a million dollar per bitcoin.

[Vinalians]

I guess it will not be good result to those people who hasn't know what bitcoin and cryptocurrency is they will not understand what the government are supporting in that day so maybe they should introduce first what is cryptocurrency in public before using it.

[multic2012]

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?

Soon they will still support bitcoin, but taxes will be very influential.

[Mister1k]

I guess it will not be good result to those people who hasn't know what bitcoin and cryptocurrency is they will not understand what the government are supporting in that day so maybe they should introduce first what is cryptocurrency in public before using it.

Where are you from. People from various countries and even on media we are seeing the ads about the cryptocurrencies and etc mate. If you do want to find the bitcoin wherever it reached first surf about it on the Google. You do not need to get the assistance from anyone.

Since you are outdated about crypto reaches to this world first you need to understand that things mate. Don't believe if you see any negative news on the news channels in your location if you find.

[Fatunad]

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 might consider bitcoin or adopt on some aspects but talking on replacing fiats ? Hell No! they wont do such thing and who would be the one to let this thing happen on where they do consider on supporting a decentralized thing over fiat which they do have the full control? Its totally nonsense to have this mentality because they wont really consider such thing and even on my own dreams this thing wont really happen. Bitcoin would remain as it should be.

[Silberman]

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?

Nothing has real value, the value of something is always variable, you're talking as if the national credit of a country will always be worth something and credit rating agencies will disagree with you there are many countries that have their bonds rated as junk bonds, so that is not going to have any affect on cryptocurrencies if it were to happen which is impossible.

[Rossy Akbar]

It's gonna be good result for the bitcoiners of course, and also good for another people because if the government supports bitcoin it must be with some rules, the miners or all the bitcoiners really need to make kinda workplace for the others to growth the economy of the countrys and reduce the poor, I think that was what every single country want.

[olubams]

The government of any state will never make a decision to destroy its own national money and replace it with a crypto currency. The task of any government is the strengthening of national money. From this, the economy of the country is strengthened and increases. Replacing the national currency with a crypto currency will cause the economy to decay and its complete unbalancing because of its high volatility. I think that unlike this forum, there are no children in the governments of the countries and they will never have such a stupid idea in their heads.

I completely agree with your position. There is no point in imagining what is not going to happen. I don't see any government abandoning its own national currency for bitcoin. If they would go for crypto currency, it would be based on their own national currency because the money we see goes beyond paper or mathematics, its part of our identity, our values and our origin which cannot be quantified and bought at any value. The highest we would see is finding a way to accommodate the two and not abandoning to adopt bitcoin.

[whirlcoin]

It's gonna be good result for the bitcoiners of course, and also good for another people because if the government supports bitcoin it must be with some rules, the miners or all the bitcoiners really need to make kinda workplace for the others to growth the economy of the countrys and reduce the poor, I think that was what every single country want.

But it is mostly unlikely happen because every country have their own currency so they won't support a decentralized currency it can be dangerous in the veiw of government because they will lose their control in economics of their country.

[richardsNY]

It's gonna be good result for the bitcoiners of course, and also good for another people because if the government supports bitcoin it must be with some rules, the miners or all the bitcoiners really need to make kinda workplace for the others to growth the economy of the countrys and reduce the poor, I think that was what every single country want.

You should understand that the government on purposely is stimulating poverty, there is nothing that we can do other than to distance ourselves from it. Poverty means people are easy to suppress and that directly translates into control with iron fist. Instead of focusing on the government and whether or not they will support Bitcoin, people should stimulate their local economy to make use of Bitcoin. If enough of these Bitcoin economies emerge, eventually we can have a near global economy based on Bitcoin. That's how you can make governments listen to you again -- they have to understand that they aren't necessarily the center of everything.

[Hannahanto]

I think government will never accept bitcoin as their national currency. Every country has its own currency to use. Because the price of bitcoin is not stable, like paper currency. Once it is accepted by the government the economy of the country will be healthy and wealthy. It takes government to take long time to accept bitcoin. It's  a decentralized money and does not require any banks and it cannot controlled by the government.

[ricardobs]

It's very hard to imagine government accepting BTC in its current decentralized and distributed nature. If that happens ever, the government role will be just like other ordinary BTC owners.
Anything can happen in future but it doesn't look possible now.

The government will never want to accept any such thing like that of crypto currency over which the government has no control and authority as all the crypto currencies are decentralized in nature and that even if government takes any such step, they will be unable to control these currencies. however, we can expect anything to happen and that there are likely chances of this thing to happen after some time.

[OriginTrain]

What you're suggesting is equivalent to asking someone to jump to mars and back down. It's nonsensical. Governments desire control, and they have control by being in control of the money supply. What interest is there for them to adopt crypto? Research the reason crypto was created.

[Btcschool]

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?

Neither bitcoin nor paper money has any real value”
I think that statement is very wrong. When you hold any currency, for example- dollar, whatever you see written on it is the value. You can’t tell me that no currency has a value, you don’t even know what you’re saying.
And by the way, the government can’t be in support of cryptocurrency, because cryptocurrency is decentralized, unlike conventional currencies that centralized.

[syamster]

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?

Neither bitcoin nor paper money has any real value”
I think that statement is very wrong. When you hold any currency, for example- dollar, whatever you see written on it is the value. You can’t tell me that no currency has a value, you don’t even know what you’re saying.
And by the way, the government can’t be in support of cryptocurrency, because cryptocurrency is decentralized, unlike conventional currencies that centralized.

You are not right mate because for me for you and for all of us money and crypto currency has a lot of value and it is the main reason why you are here, to make money or to get bitcoin, I think bitcoin has more benefits than paper money as with the help of crypto investment people are able to save their money for long time and it gives them chances to support their family as it can be use as investment and as currency too while saving money will not give you much profit as much bitcoin saving can provide you so government should support crypto currency for a better economical state and for the goodness of our people.