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Author Topic: The Future of Bitcoin is the Community not the Government  (Read 708 times)
Finestream
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August 30, 2018, 10:23:49 PM
 #81

That is correct, bitcoin is developed out to the community is primarily. If the community develops high, the value of Bitcoin will be raised to a very high price. But with the community in mind, Bitcoin has to make governments accept them so that they can grow globally.
Yes.Although most of us think that once the demand for bitcoin grows,its price will surely hit a new peak.But if we aim to make bitcoin a global currency,therefore the government might also a big help in reaching our goal working hand in hand with the bitcoin community itself.

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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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August 30, 2018, 10:45:01 PM
 #82

Both the community and the government is part of the future of bitcoin. Once the community will try embracing bitcoin in their daily lives and so do with the government who accepts bitcoin and other cryptos legally in the society then cryptocurrency has a brighter future in the crypto and real world. Government for me plays a big role in making bitcoin as a brighter future to everybody.
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August 30, 2018, 11:24:40 PM
 #83

Well, yes, we have to stay strong and defend ourselves by stay updating. sometimes I think community is stronger than government in some cases, and bitcoin will be better if we keep it up as the community without any government's involvement, I guess.
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August 30, 2018, 11:30:03 PM
 #84

You are right brethren. Bitcoin has come to make the community better. Just forget about the government.

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August 31, 2018, 01:12:53 AM
 #85

I agree to some extent. Given that the government exists because the people recognises its authority, same way can be applied to bitcoin. That being said, the community giving complete confidence in bitcoin is impossible because of its investment nature.
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August 31, 2018, 01:33:33 AM
 #86

Not all the countries' governments are bad. Take the example of the Swiss for instance. Their government is very much encouraging towards the bitcoins. slowly, all the countries' governments will have the same view too. The future will have both the community and the government united to work hand in hand.
Yeah you right, not all governments give bad rules on bitcoin, in some countries the government actually supports cryptocurrency, and it has a good influence on the sustainability of the development of bitcoin or crypto in the country, sometimes policies also affect the future dude
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August 31, 2018, 06:02:23 AM
 #87

That's right, it's the bitcoin community that has the most role to make bitcoin continue to grow, and the government only becomes a controller so that bitcoin is not used for illegal activities, if a country has legalized this crypto currency
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August 31, 2018, 12:25:10 PM
 #88

That is correct, bitcoin is developed out to the community is primarily. If the community develops high, the value of Bitcoin will be raised to a very high price. But with the community in mind, Bitcoin has to make governments accept them so that they can grow globally.
Yes.Although most of us think that once the demand for bitcoin grows,its price will surely hit a new peak.But if we aim to make bitcoin a global currency,therefore the government might also a big help in reaching our goal working hand in hand with the bitcoin community itself.
Yeah I know that the future of bitcoin will depend on community but if government rules and policies do not support the use of bitcoin, then many people are afraid and reluctant to use bitcoin because of government threats? however many things will affect the future of bitcoin not only the community but also the government
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August 31, 2018, 12:47:09 PM
 #89

For me its both the community and the government must connive for us to trade freely and goodly,even how the community supports the cryptocurrency or the bitcoin yet it's not enough if the government continued to fight and banned the currencies.

Thats why if the government and the community go together and thats the only way this thing will do much better than what we are having now

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August 31, 2018, 12:58:13 PM
 #90

of course government is big and it effect in term of policy they take affect the cryptocurrency but I am sure you know the governments are made up of people that directly and indirectly part of the crypto communities and aside this we still have communities inside community so it is a complex and robust communities. apart from government there are still some public individuals that are part of large company that their decision affect crypto communities entirely e.g bill gate.
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August 31, 2018, 01:14:14 PM
 #91

That's right, it's the bitcoin community that has the most role to make bitcoin continue to grow, and the government only becomes a controller so that bitcoin is not used for illegal activities, if a country has legalized this crypto currency
but some countries banned it because they believe there is no way users can be tax due to its anonymities thereby it has negative influence on the economy growth of the nation. in some countries like England it is very difficult to trade crypto to fiat except through some platform the require kyc verification. However in some countries with low standard of living and low GDP, the government remain silent about banning or regulating it because they have not been able to weight the effect in term of the good and bad
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August 31, 2018, 01:29:57 PM
 #92

I think the future bitcoin will be both a community and a government. It is currently being traded in the community but the government has limited it. And i think that bitcoin sooner or later.
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August 31, 2018, 01:35:25 PM
 #93

I go with the OP, the power is in the hands of the Community and not on the Government but it is a given reality that Government could affect a lot on Bitcoin, study the trends and you will see that the uptrends and downtrends of the Bitcoin price came from the news created by the actions of the Governments of the nations. But as for me, no matter how hard the government push the Bitcoin, it would only affects the price but could not let that cryptocurrency down.
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September 02, 2018, 04:53:29 AM
 #94

Bitcoin already encounter many struggles in the past years specifically in first 3 years in the market. Those time is the most crucial stage of a cryptocurrency. Bitcoin survive those struggles and make it to the top. The situation today is nothing compared to the struggles that Bitcoin experiences in the past.
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September 02, 2018, 07:33:23 AM
 #95

The future of bitcoin is obviously with the community and not the government,Bitcoin is a decentralized currency,in the sense that the government nor Central Bank have no control whatsoever,it is controlled by individuals in the cryptocurrency community..As long as bitcoin remains decentralized the future definitely rests on the community,not the government.
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September 02, 2018, 07:40:59 AM
 #96

That's right, it's the bitcoin community that has the most role to make bitcoin continue to grow, and the government only becomes a controller so that bitcoin is not used for illegal activities, if a country has legalized this crypto currency
but some countries banned it because they believe there is no way users can be tax due to its anonymities thereby it has negative influence on the economy growth of the nation. in some countries like England it is very difficult to trade crypto to fiat except through some platform the require kyc verification. However in some countries with low standard of living and low GDP, the government remain silent about banning or regulating it because they have not been able to weight the effect in term of the good and bad

One true side of it.
You can see it is a weak nation because of that. They cannot even trace every single movement of money which could lead to an up in economy or down.

Since they are not reacting then I guess they do not have the team for every transaction that is happening around their country. Or.. they could just be busy stealing money from taxes of people instead of helping the economy.
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September 02, 2018, 07:44:23 AM
 #97

Yeah, We all know bitcoin price is down today. But it not affect to bitcoin supporters or bitcoin community. Because they and i believe bitcoin price will rise again in the future.
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September 02, 2018, 07:50:56 AM
 #98

Power of the community is in growing! Not selling is like stop trading and death of crypto! With more marketing more average Joe's will get into crypto and use it on daily basis. Governments can only cause some drops but not long ones cos crypto definitely still have no boundaries! So just heavy marketing, altcoins or bitcoin doesnt matter, just to involve and inform as much as people we can about crypto!
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September 02, 2018, 08:20:44 AM
 #99

That is correct, bitcoin is developed out to the community is primarily. If the community develops high, the value of Bitcoin will be raised to a very high price. But with the community in mind, Bitcoin has to make governments accept them so that they can grow globally.
Bitcoin will not be able to develop without community support, because the community will create bitcoin supply and demand. The community is formed because of the understanding that bitcoin is needed, as a means of payment or as an investment. The government is expected only as a control institution related to regulation, whether bitcoin is considered legal or illegal.
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September 02, 2018, 09:03:56 AM
 #100

Yes, you are right, because bitcoin is independent and successful it is we who do it, the people who invest in it, thereby recognizing it.
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