coinluck43 (OP)
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April 03, 2019, 03:07:28 AM |
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In my opinion, the government plays a very important role in the development of Bitcoin in a country. For example, a government announces that it will accept Bitcoin in that country, so I'm sure the development of Bitcoin in that country will be very fast!
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What do you think, the Government or the community who play an important role in the development of Bitcoin?!
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Noa_Amable
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April 03, 2019, 06:00:14 AM |
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In my opinion, the government plays a very important role in the development of Bitcoin in a country. For example, a government announces that it will accept Bitcoin in that country, so I'm sure the development of Bitcoin in that country will be very fast!
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What do you think, the Government or the community who play an important role in the development of Bitcoin?!
it is not that easy to 'announce accepting btc in the country'. it requires proper regulation how to treat its relations between people, merchants, tax authorities etc. |
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Bitinity
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April 03, 2019, 06:19:14 AM |
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Once a government says that they are going to legalize bitcoin then it will affect on mass adoption from the people of the country. Surely, the number of people who involved in bitcoin will increase time to time.
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niisarearning
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April 03, 2019, 06:40:51 AM |
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I witnessed in my country form last crypto ban ( Crypto currency became not legal tender currency anymore) . Then After i have seen lots of depreciation in market . Couldn't able to sell most of my holding . Even government started to harass crypto companies . I think government also plays major role like community . I think both plays equal role community as well as Government .
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alisafidel58
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April 03, 2019, 06:46:28 AM |
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It plays a big rule in the future development and adaptation of bitcoin. If a certain government says that they will legalize bitcoin almost all of the businesses there would adopt bitcoin to be part of their payment system, which is good for bitcoins development. If the country flourish will legalizing bitcoin other countries might follow as well.
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Haunebu
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April 03, 2019, 06:51:39 AM |
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It is quite obvious that the government will always have a huge impact (Positive or negative) on the cryptocurrency market at the end of the day.
Government accepts crypto: Market rallies
Government bans crypto: Market dives
Government regulates crypto: Market rallies or dives
The ironic fact is that a centralized government can affect a decentralized cryptocurrency market in a good or bad way.
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Herbert2020
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April 03, 2019, 06:52:48 AM |
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well your question is like asking how big is the role of river bed in flow of water in it! obviously if you put a lot of blocks in that river the water flows slowly with a lot of jumps and turns but it flows even if you build a dam!
that is the exactly the role of government it bitcoin's "adoption". if we see reasonable laws and regulations something like Japan for example, then obviously we will see a lot more adoption at a much higher speed but if we see roadblocks then the adoption will occur but at a slower pace.
in the end bitcoin is created to be decentralized and never need any government and if someday that changes, that means failure of bitcoin. luckily so far we have kept it decentralized despite all the attacks.
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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slaman29
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April 03, 2019, 06:54:11 AM |
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Huh? How does an official announcement to accept Bitcoin help development? It can help with adoption maybe, and development of business in the country that uses Bitcoin, maybe even promote blockchain development within the country if startups all do their own research and build businesses.
But all Bitcoin development has happened by voluntary developers. Nobody of them cares if goverments "allow" Bitcoin or not. Or am I wrong here?
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IamAltcoinfan
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April 03, 2019, 07:10:24 AM |
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Government has done nothing for bitcoin development in reverse government started to bring down bitcoin and other crypto currency growth . I think community playing major role in bitcoin growth . Most of the government are against cryptocurrency and its community soon they realise the power blockchain technology and need of cryptocurrency will start to endorse crypto in near future
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vv181
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April 03, 2019, 07:20:59 AM |
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Developments and adoption aren't the same things. Anyway, how could governments play a big role in something beyond their favor and control(decentralization)? That would be sane if a centralized entity goes all in onto decentralized things. What do you think, the Government or the community who play an important role in the development of Bitcoin?!
Bitcoin was built in the spirit of decentralization and trustless, and it also an open source application. Surely the community is the main important role. |
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muslol67
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April 03, 2019, 07:28:30 AM |
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In my opinion, the government plays a very important role in the development of Bitcoin in a country. For example, a government announces that it will accept Bitcoin in that country, so I'm sure the development of Bitcoin in that country will be very fast!
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What do you think, the Government or the community who play an important role in the development of Bitcoin?!
It's a bit complicated for countries to accept Bitcoin or any cryptocurrency. It's just not possible to say we accept. There will also be legal arrangements and a number of sanctions for this. Most importantly, a tax-related issue will come into effect with these legal arrangements. Tax will inevitably create a conflict with the decentralized structure. There will be a record on behalf of the state in order to provide tax. [Invoice as an example] So in theory, even if it seems simple, in practice it is not very easy. |
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jakelyson
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April 03, 2019, 08:10:11 AM |
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The bitcoin community and its developers are the ones developing Bitcoin. The government has no role in it. The government though can greatly affect the adoption of bitcoin in their respective country. If they allow or ban bitcoin can deeply affect adoption progress. But nonetheless, bitcoin cannot be stopped because it is decentralized and no central government can stop it.
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reda
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April 03, 2019, 08:45:56 AM |
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Not even a single penny investment on bitcoin by government side. All the government and politics want to scratch the moment from the people and enjoy the profit by that way but people still we believe on s*** government who doesn't care about us at all.
May be on ripple or any other stable coins may receive the investment to the project.
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r1s2g3
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I am alive but in hibernation.
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April 03, 2019, 09:11:51 AM |
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Government can influence the market even without investing. A favourable regulations will cause massive adoption . A neutral position will allow the people to openly spread the crytocurrency adoption in the country . If government declare it illegal then adoption may or may not happen depending upon the economy of the country.
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I am alive
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traderethereum
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April 03, 2019, 09:48:10 AM |
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The government take a big role in the development of bitcoin because they as the regulators in the country will give big attention to their people. Their people can know that bitcoin will be allowed in their country, so they don't have to afraid to use bitcoin again. Besides that, by approving from the government, it will give a chance to some institutes to teach people about how to use bitcoin and another important lesson so people could start to use the benefits from bitcoin.
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lyks15
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April 03, 2019, 09:51:57 AM |
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Government has a very big role in developing bitcoin. Because government have a power to control anything. If government will approve the acceptance of bitcoin in a country it will be a very big help to develop bitcoin because many merchant will start to upgrade their system to make a bitcoin acceptance. And this is good for bitcoin develooment.
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kiansantan
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April 03, 2019, 09:58:58 AM |
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Bitcoin never gets legality from the government. The development of bitcoin is obtained independently without government intervention. So there is no participation from the government. Everything works like water flows as is. Because bitcoin is decentralized.
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thirdlight
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April 03, 2019, 10:27:34 AM |
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It seems to me that a lot of things depend on the government, and especially the life and development of Bitcoin. And also its introduction in the lives of ordinary people. It seems to me that as soon as the state approves and immediately there will be growth.
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mrdeposit
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April 03, 2019, 11:22:23 AM |
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In my opinion, the government plays a very important role in the development of Bitcoin in a country. For example, a government announces that it will accept Bitcoin in that country, so I'm sure the development of Bitcoin in that country will be very fast!
BTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTC
What do you think, the Government or the community who play an important role in the development of Bitcoin?!
You are talking as if governments are something unnecessary. lol Governments are those who already set the rules in our lives. They can make it necessary to making decision about anything unnecessary. |
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TIDOVEE
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April 03, 2019, 11:26:34 AM |
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Many government do not have time for bitcoin, of which many has not even been properly enlightened about it. I may not trust the government of my country when it comes to that because they may make it more difficult for users. They may even try to ban it with the mind of seeing it as a scam.the best they have done so far is bringing internet and good power supply.
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