What about a Bitcoin government ?

[shoreno]

We don't need a bitcoin government for bitcoin recognition. As of now, bitcoin is doing well with rich countries accepting it.

Only rich countries ? What about the poor ones ?  Bitcoin also accepted with them without the help of bitcoin government but to be honest idk if what is a bitcoin government and what is its difference from a normal government ?  

Those countries banning bitcoin are those countries which are very insecured.

Not insecured but they maybe hated bitcoin so much because they think that bitcoin can dominate a local currency or a local payment method plus bitcoin is also decentralized and cant be controllable , i think this is also the other reason on why bicoin has alot of haters and bashers  .

[kaya11]

We need to destruct the current government in order to create what you are trying to impose. And that means contradicting with their whole nation including their cultures. Maybe far from our current time there could be an opening, well fi we are still alive. A ruined country that no ones want to take over anymore and there you begin your legend and create a Bitcoin government.

[Rounaksarkar]

I do not know who does not want Bitcoin's government, I do not need it. Now it is said that money will be stolen. I can say, if you keep your private key safe then there is no way that anyone can send money from your wallet. It's not yet with those Bitcoin users I know. And it's a matter of sudden impossible. And I do not know anyone's word, we will not have a bitcoin government. We are happy to have Bitcoin.!!!!!!!!

[Noversetied]

A lot of things have been written about virtual money and crime, that it is enough to summarize the problem by saying that uncontrollable financial transactions facilitate criminals.

[Raja das]

The government already announced do not allow bitcoin, the government says bitcoin is never legally always says illegal because they are faced many problems.
Bitcoins are being harassed by the governments, like - banks, the private sector, the investors and that we cannot control.   
Bitcoin is not issued by any central bank for the government. being a cryptocurrency unrelated to any government.
they have created a computer-generated process .it is a P2P payment system.

[Naginiya]

If we had a government who supports bitcoin surely that support will come with some rules for bitcoin.That is mean bitcoin will not be decentralize anyone,We have to accept what they put the law on bitcoin.May be they will create a central bank for bitcoin.More more bitcoin they get they will able to control the market.Do you need that? I don't think so.

[TheUltraElite]

A lot of things have been written about virtual money and crime, that it is enough to summarize the problem by saying that uncontrollable financial transactions facilitate criminals.

Uncontrolled systems are everywhere. Even the fiat money system is not full-proof for stopping crime. Saying that bitcoin allows criminals to transact, you would be missing out on the opposite side of the mirror where fiat is used to pay criminals. Fiat is by far the biggest source of bribery and corruption among all governments. Who wants to care about crypto there? In fact majority of the money transacted by criminals is still plain paper cash.

Where you like it or not, it is the fact and you can think what you want but the truth will remain the same.

[Sonik33]

I think we don't need the bitcoin government. If we need a bitcoin government, bitcoin must move from a decentralized system to a centralized system. When bitcoin runs with a centralized system and has a government, bitcoin is no different from a fiat currency. Whereas the presence of bitcoin to cover the lack of fiat currency and even bitcoin can make transactions that cannot be reached with fiat currencies. I agree more if this bitcoin remains in our control as the holder.

[Ozero]

A decentralized cryptocurrency does not need any control superstructures. If they appear, the cryptocurrency will gradually lose its decentralization. We have enough of the fact that the state in the process of legalization of cryptocurrency will inevitably establish its rules for its circulation. Moreover, these rules will be constantly changing.

[fabiorem]

A whale with 50k bitcoin will be able to build a small town when the price go to 100k. Just do the math, its 5 billion dollars. If he spends 10% of it, it will be 500 million, enough to build dozens of homes. And if some 10 whales with enough btc around this same value get the idea together, they can build the first citadel and sell these homes for other holders. Then its just a matter of installing small-scale industry and farming, both operated by robots. Energy could be acquired through solar panels. The citadel would be encircled by a tall wall, armed with machineguns, and the outside terrain would be filled with mines, to keep the nocoiners out.

With 1000 whales, we can have some nice citadels around the world. When bitcoin reaches 1 million, the citadels will have planes, tanks and nukes, acquired on the black market, and will use satellites to collect solar energy for mining. Governance could be reached by vote through a blockchain. Each house will be allodial property, and the streets will be patrolled by security robots, all linked to the blockchain. The citadel will be self-sustained, nobody will need to work as the robots will do everything for everybody, producing food and every kind of product using 3d printers. People will not spend their coins, there will be no need for that, instead they will be hold as aristocratic titles. The reborn of traditionalist values in a neutral framework would mean the demise of the old State bureaucracy.

[Ryan Dugan]

This is like one of those "lets start over" sort of thing. Like an apocalypse to start the world over again.

I guess if a government was over thrown and replaced or a brand new one was formed together with bitcoin enthusiasts you could start your own country or town. The problem is where? I think almost all livable space is being used or owned by someone or has some future plan.

Perhaps one day we will see bitcoin used in space when we finally start exploring the galaxy for a new home since will killed earth. Then morning nodes would float around in space. I can see crypto becoming its own authority together with the people in a situation like that but not right now in the state the earth is in.

[TheUltraElite]

A decentralized cryptocurrency does not need any control superstructures. If they appear, the cryptocurrency will gradually lose its decentralization. We have enough of the fact that the state in the process of legalization of cryptocurrency will inevitably establish its rules for its circulation. Moreover, these rules will be constantly changing.

Legalizing is again making it centralized. One cannot hope for making something legal unless there is someone who is overseeing the transactions and who is sending money to whom. In a way it would control the criminals who are transacting crypto but they will just move on to some other crypto.

In other words legalizing makes it easier for people to transact them with fiat and then trade them very easily without having to go through big fees of exchanges an thus help in the adoption and usage of bitcoin. On the other hand it can have a bad effect since whales would not take it as a good step for their health.

[Janation]

If we had a government who supports bitcoin surely that support will come with some rules for bitcoin.That is mean bitcoin will not be decentralize anyone,We have to accept what they put the law on bitcoin.May be they will create a central bank for bitcoin.More more bitcoin they get they will able to control the market.Do you need that? I don't think so.

It obviously contradicts the whole idea of decentralization.

The usual reason why people kept on using cryptocurrencies is that they are free. They are not inside the shackles of the government, spying over the transactions they made. The transaction might be seen in the blockchain but you can only see their addresses but not who they really are. That is what we needed especially on the internet.

[Austin_Lord]

Well i think people don't  need any givernement.. because  in some countries people are more  focus on bitcoin rather than the bitcoin government..

[Kiefner]

Maybe sometime in the future, when bitcoin will be world-famous and world-used it we need. But regulation is against the purpose of crypto and I do not know how it will affect it.

[TheUltraElite]

Well i think people don't  need any givernement.. because  in some countries people are more  focus on bitcoin rather than the bitcoin government..

They only need to focus on what needs to be done for their betterment. If you live somewhere government policies are strict then follow them. The more you try to rebel with them more chances of you losing your ground and going to jail. Of course for common people this wont matter because they are not getting involved in shady business using crypto.

For those who are into shady stuff though, they are the ones who would rebel if their source of money is taken away. Its not that if this hypothetical bitcoin government is created then their problems would go away. They may pretty well be the same.

[atjiat]

we are already suffering from rampant fraud in the cryptocurrency market.  Take at least as an example of an ico company, yes, because of which many investors are losing money.  If there were any levers of control or an impact on the current situation, then perhaps we would not have such deplorable consequences.  It seems to me that the government of many states is clearly declining in the activity of the cryptocurrency market, since there are already quite a lot of abuse of cryptocurrency in the world.

[jabrix]

We need to destruct the current government in order to create what you are trying to impose. And that means contradicting with their whole nation including their cultures. Maybe far from our current time there could be an opening, well fi we are still alive. A ruined country that no ones want to take over anymore and there you begin your legend and create a Bitcoin government.

In my opinion, the bitcoin government will never exist, because bitcoin is not owned by any government, and will be a secondary currency because there is no physical. The main currency remains in each country in cash.
Therefore bitcoin is the world currency that can be traded on crypto exchanges in each country or traded globally.

[cipherhut]

Freedom is a beauty of Bitcoin but sometimes this freedom demands a parallel regulatory system to avoid the scams and misuse of this digital asset and for that Bitcoin government can work as an option.

[tetyulfania]

Government is the best solution how to make bitcoin and altcoin on higher price, when government have allowed using bitcoin as transaction payment will make bitcoin and altcoin price will be up and always get positive respond form many people.