Bitcoin, governments

[Gary Levanevskii]

I think that many governments are afraid of Bitcoin. Bitcoin reduces the power of the government and banks. The Bitcoin protocol replaces some functions of the government.

[jhongzjhong]

My government really against on crypto because it can cause inflation that make our money value keep decreasing.

So far I found nothing that telling my government using crypto instead all of them seems hate crypto so much !

I think we are on the opposite side, There is a possibility that government invests silently in cryptocurrency. In the world, there are some group of people who call themselves elite or one percenter. They are the people who can dramatically control everything in the system of humanity. They are also called oligarch. Most of the oligarch can be found in the government and you can also see them in private companies
that own bank establishments. Since they work very organized, there's a big chance that government invests silently in Bitcoin for some purposes that one of them would like to execute and control.

[beatzcoin123]

on a personal note, i do not think governments invest in bitcoins secretly because it's a decentralized peer to peer transaction with no central authority and also it can affect the country's fiscal policy, business and also help to facilitate crime rates.

Yours points are so valid and constructive, but rather than starch up cash in foreign accounts that are easily traceable, the government can result to bitcoin, starching up bitcoin in addresses that cannot be traced back to them.

[kogozer714]

I don't think the government is investing in bitcoin secretly, but it doesn't matter whether they are secretly investing or not, this is why everyone is free to buy bitcoin, because this is a peer to peer transaction that is decentralized without central authority and can also affect policies and will make a profit for them

[Dudeperfect]

I don't think that government are looking to invest in Bitcoin but they're definitely trying to destroy it. Banks have already started testing blockchain technology for optimisation of there traditional work system to compete with growing crypto industry. Yes, some politicians have declared the Crypto investments and I am sure there are many other politicians who have not yet disclosed such investment but they have a personal investment in Crypto.

[Juggy777]

I don't think the government is investing in bitcoin secretly, but it doesn't matter whether they are secretly investing or not, this is why everyone is free to buy bitcoin, because this is a peer to peer transaction that is decentralized without central authority and can also affect policies and will make a profit for them

Hey no the government does not invest secretly in bitcoins, some governments have legalised it and some have rejected it. Take a look at two Asian countries where Japan considers Bitcoin as a legal tender, India does not considers it as a legal tender. I believe if the governments were wiser, they could legalise it and then put taxes on it for more revenue.

[mithon2017]

Bitcoin is online crypto currency. it demand is very high. it have lot of capacity to change the world economy. but most of the country government think that, Bitcoin is not well. and they think that, Bitcoin will be bring  lot of problem. but Bitcoin is really well. it is helpful for us. you can using it,, you can changing you and your family and your country. now we see that, lot of the country is accepting Bitcoin. most of online website and shop are accepting it.

[Valer4ik]

The freedom to have private property in the form of Bitcoin and freely dispose of it as you please and anywhere.
Why do you think that all colonels have billions under the bed? Yes, because even they could not spend it as they wanted, it only remains to fold the mattress.
A Bitcoin owner can freely move his capital around the world, spend it whenever he wants and how he wants.
The owner of Fiat or any other asset without permission from above and the risks of losing everything, even in the neighboring city hardly moves the funds.
Bitcoin is your personal bank in your pocket, owned only by you.

[akram143]

The freedom to have private property in the form of Bitcoin and freely dispose of it as you please and anywhere.
Why do you think that all colonels have billions under the bed? Yes, because even they could not spend it as they wanted, it only remains to fold the mattress.
A Bitcoin owner can freely move his capital around the world, spend it whenever he wants and how he wants.
The owner of Fiat or any other asset without permission from above and the risks of losing everything, even in the neighboring city hardly moves the funds.
Bitcoin is your personal bank in your pocket, owned only by you.

There is some good unique features not to be done with the Bitcoin that will not be suitable for the government that's why most of the government will not accept the with iron legalization process to be here in their country so making the Bitcoin to be legal so much easy in any country but the problem created from that moment will not be curable then will be the government don't legal the we can still now in most of the countries.

[youdacapt]

True, I think the government has a major contribution to the turnaround that is happening in the Crypto world and as you say it would be ridiculous if state banks did not participate in the investment game at Crypto, but all would be very guarded by the state because state involvement would greatly affect society in accordance with the policies they provide unless the country has legalized Crypto.

[rollingstorm45]

on a personal note, i do not think governments invest in bitcoins secretly because it's a decentralized peer to peer transaction with no central authority and also it can affect the country's fiscal policy, business and also help to facilitate crime rates.

the government may not invest in bitcoin, but the banking world of a country can invest in bitcoin, because bitcoin is a digital currency that can be owned by anyone, so bitcoin investment is global and personal.
 what is common is that the government provides various supporting facilities from bitcoin, because the government can withdraw taxes from several facilities provided by the government.

[Burogh]

Under normal circumstances, the state cannot undertake such a risky investment without the knowledge of the public. But your question is whether they do this job secretly. I still don't think any state will invest secretly.

I am agree with your opinion. Its hard for a state investing in crypto because its about transparancy on public funds. Cryptocurrency is very risky investment and having high volatile movement and i am believe government wont investing public funds in volatile market

[BlackPanda]

I think yes.
BTC is the same source of income.
Why should someone avoid this if they can invest?
It doesn't matter how central banks refer to cryptocurrencies. There are people behind any bank. And these people also want to make money on anything.

We are at the stage of improvement, because the role of the government is very important so that everything that happens to the government will definitely have an impact on the development of Bitcoin. We also need a regulation so that bitcoin can circulate much better, with regulation, the public will also get a trust.

[BeGoods]

I don't think the central bank will use cryptocurrency, he will use digital currency. Note that digital currency, because cryptocurrency is not controllable, any stable and powerful countries will not use it, so don't think about it!

it will be different if the demand for bitcoin or crypto is very large. certainly like it or not. banks will definitely start thinking about
accepting cryptocurrency. so that the existence of banks is not eroded due to cryptocurrency.

[TheClownSong]

Bitcoin or cryptocurrency very high fluctuation market and it still unregulated in many country. I dont think government make investment in bitcoin or others crypto because its about public fund. Government should collect taxes or make good budget for people and not involve in any market or investment

[coinnumber]

It would be silly for central banks to not be accumulating some Bitcoin just in case. They understand how money works..

With the decentralized and centralized system of operation which is the difference between blockchain or cryptocurrency and bank transactions which I believed its the main reason why government find it difficult to legalized crypto.
So it will be very much impossible for central banks to a accumulate any crypto coins as the legislation is current unacceptable by most nations government.

[Siren]

FOr me its not the governments whos investing secretly in bitcoin or any other cryptocurrencies but instead its the individuals inside  every governments,obviously those people has a future look for crypto and can’t convince enough the government to take a chance so they are accommodating some coins for their own benefits just like some humors in my country that our president is secretly investing in crypto because he didnt put any regulatory for crypto and staying neutral for this

[goaldigger]

Not working secretly but working on process. I think they are now in the phase of adopting crypto to the country. Banks and government knows exactly how money works and im sure that they are all alarmed by bitcoin and cryptocurrency itself. No wonder why some countries banned it because of its function that can destroy their secret agenda.

[emberbekas]

FOr me its not the governments whos investing secretly in bitcoin or any other cryptocurrencies but instead its the individuals inside  every governments,obviously those people has a future look for crypto and can’t convince enough the government to take a chance so they are accommodating some coins for their own benefits just like some humors in my country that our president is secretly investing in crypto because he didnt put any regulatory for crypto and staying neutral for this

I have the same thought. I don't think the government as institution will invest in bitcoin secretly. If it's a person who works in such institution, maybe yes. When the government wants to invest, I think it will not be done in secret ways. I am not so familiar on how politic works and that is just my own perception.

[YOSHIE]

Basically Bitcoin, and the government especially the central bank always prioritizes, the biggest transaction is currently the biggest bitcoin,
The government does not strictly forbid Bitcoin, and does not ask to use bitcoin it all depends on the user of bitcoin against the risks during the transaction.