How big is the role of the government in the development of Bitcoin?

[Beerwizzard]

TBH if government is accepting crypto it doesn't make any difference for the crypto community. But different kind of bans may easily create FUD. Many countries are not banning cryptocurrencies and organizations are free to accept it but no one really cares about that and crypto payments are not really popular.
The only thing that matters is a legal infrastructure to the already existing capital, which we can see in Bakkt. The rest doesn't matter.

[Akagum]

Of course you are right.
I believe that one of the reasons why cryptocurrency is not yet accepted generally as a payment medium by merchants even in marketplaces is because of government indiscretions to cryptocurrency.
If it happens today that government signifies interest to support cryptocurrency, it would affect the cryptosphere positively .
Because it will foster mainstream adoption.

[vucuong16101997]

But it will not only focus in a certain country in this world. I know that government intervention can affect the development of BTC, but it is difficult to synchronize all countries against BTC. I think government intervention is difficult to discuss here ....

[dothebeats]

Personally I view the government as the 'bridge' for people who are concerned about the 'legal' status of bitcoin and other services linked with the said cryptocurrency. Sure, bitcoin can flourish without government intervention and such, and that is in an anarchic situation wherein no government is present. However, with the present society teeming with government intervention and control, people need to be assured that they are 'taken care of' even though in reality, they don't need the loving hands of the government to use bitcoin.

Although we know that it's a different case when it comes to third-party services that deal with bitcoin.

[Bl4nk]

in my opinion the role of the government with bitcoin is actually not too important for them or not officially, right, if their role is to develop bitcoin officially then the future of people will be good, of course if the government is officially bitcoin in all countries.

[Malsetid]

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 basically the same. The community provides the demand for btc and it's growth will basically depend on mass adoption. And it's survival also banks on the government either showing support of just indifference towards bitcoin. You can't have growth while the people ate afraid to use btc because of crackdowns and illegalization.

[Sebas.tian]

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?!

The government has the capability to pacify any situation regarding cryptocurrencies. They could also regulate the flow of money by making exchanges compliant to the rules. If a country has a government with good terms to cryptos, it could potentially fund researches to further its development.

[South Park]

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 the other way around, if governments decide to regulate bitcoin in their countries is because the user base has grown large enough for them to notice and they will do this not because they are interested in supporting the technology they will do this because they are interested in the taxes that they can get out of the people using bitcoin, but what they do not seem to get is that people are getting tired of being monitored by governments all the time and many are not going to comply.

[shesheboy]

not really big .  bitcoin is online and decentralized which means a government can do much about it   .bitcoin can continue grow and develop on its own   .  while govenment acceptance can add more rate to increase the adoption because they can help allow local makets or local exhanges to accept bitcoin to thier services  .  i forgot to mention the local banks  ,  banks also influence alot if the government would allow it  . all of these are not only good for the development but it can also help existing bitcoin user's to make thier live's more easier  .

[Ultimist]

Certainly. How crypto will develop in a certain country depends only on the government. If the government supports crypto, it will develop faster.

[pixie85]

Personally I view the government as the 'bridge' for people who are concerned about the 'legal' status of bitcoin and other services linked with the said cryptocurrency. Sure, bitcoin can flourish without government intervention and such, and that is in an anarchic situation wherein no government is present. However, with the present society teeming with government intervention and control, people need to be assured that they are 'taken care of' even though in reality, they don't need the loving hands of the government to use bitcoin.

Although we know that it's a different case when it comes to third-party services that deal with bitcoin.

Most people want this assurance and you can observe this happening on every market including the great market of electronics where big stores make you pay more to insure your new product for another year. People prefer to pay in advance for a fault that hasn't appeared yet than take their chances and repair as it happens.

People prefer to send money to government pension funds than keep everything secured and invested in land or real estate. Lazy people and those who want others to take care of them lose a lot of potential profits.

[Slow death]

What do you think, the Government or the community who play an important role in the development of Bitcoin?!

Both represent a very important role. Is very important that governments regulate bitcoin so that:

- We can see the exchanges respect our rights

- The exchange will provide good service

- we will reduce the number of scam ICOs

- We will see the scammers being punished for their crimes

- We can see many merchants accepting bitcoin as a means of payments worldwide

- We can buy and sell bitcoin without any problem

- We will not have problems with the banks.

[okala]

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?!

Take your time to review government stands against cryptocurrency and you will understand that the play no role in the development of bitcoin in fact the only role the government is ready to play is a negative role due to bitcoin decentralized nature. The government will only welcome a development they can control and make centralized.

[Halmater]

Since a government's authority is very suppressive in every field, effect of government on bitcoin is tremendeous. Governments do not let adaptation of bitcoin without controlling it. Thus, we need to time to realize adaptation of bitcoin without losing its independence.

[qwertyup23]

The government did not create bitcoin and we cannot perceive that they have an effect to its development. The government can only intervene in the external influence of cryptocurrencies and its price- which mainly affects every investor or person who has a share of bitcoin.

In addition, if a country prohibits the usage and transactions of bitcoins then expect its price to be significantly reduced as it influences the external market and sources. But it cannot influence the internal factors such as its development and improvements from the system.

Certainly. How crypto will develop in a certain country depends only on the government. If the government supports crypto, it will develop faster.

If the government supports the implementation of cryptocurrencies, more exchanges and trust would be built upon. This means that more investors would be attracted to invest and its impact on media would also reflect on its price.

[BitcoinPanther]

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?!

I do not think it is the devopment but it is on the adoption.  Development of Bitcoin depends on its developer,  but the adoption will be greatly affected by the government if they accept it or not.  We all see in the previous years that when a government accepted Bitcoin in their country, people accept it also and merchants starts to trust Bitcoin.  So government is crucial for Bitcoin adoption but Bitcoin development depends on its developer.

[tweetbit]

When you are the regulator then you control the flow. Government to bitcoin. That’s a reality that we’ve seen for years now as Japan (acceptance of cryptocurrency) and China (strict regulations) has a big impact on its people’s investment movement.

But there is someone or groups between those two that matters the most. The business or so called the elites. (Banks) With power on their hands, decision making by the government will be on their favor.

[jrrsparkles]

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?!

If government legally announces bitcoin as their legal currency it will really help for faster adoption from the people but there is no necessary to be accepted by government because bitcoin developed against the government for past years so it means it can be accepted by people gradually even without much help grom legalization.

[conected]

Certainly. How crypto will develop in a certain country depends only on the government. If the government supports crypto, it will develop faster.

- Well, the development of crypto and the use of bitcoin in countries that support bitcoin and crypto will certainly be more popular and better but we should remember that in any story, benefits and risks will always exist in parallel. Typically like this story, the government will support bitcoin and crypto but in return, we will be helping the government, more precisely, we will pay taxes to the government, and government rules will be very tight, we will be hard to make money normally, and so I think that I don't need government help for bitcoin, bitcoin will still grow without participation from the government.

[gabmen]

Certainly. How crypto will develop in a certain country depends only on the government. If the government supports crypto, it will develop faster.

- Well, the development of crypto and the use of bitcoin in countries that support bitcoin and crypto will certainly be more popular and better but we should remember that in any story, benefits and risks will always exist in parallel. Typically like this story, the government will support bitcoin and crypto but in return, we will be helping the government, more precisely, we will pay taxes to the government, and government rules will be very tight, we will be hard to make money normally, and so I think that I don't need government help for bitcoin, bitcoin will still grow without participation from the government.

Well as the saying goes, you really can't have it all. A government's decision can make or break btc usage in a certain country. There should be a compromise or a middle ground for btc to really progress without challenges from the government.