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

[nutella_11]

I think that the government could appeal to popularity of Bitcoin. But I'm not so sure if it could appeal to its development. It would be great if the governments accepted Bitcoin as a payment method, but it would be really economically complicated operation. In my country (Poland) there are some real places where you can pay with cryptocurrencies (in this example I mean FuturoCoin), but I think there would be more of them if the government legalized Bitcoin.

[jak3]

A Government affects the bitcoin economy a lot. they have done it multiple times. from banning bitcoin or to make it legal in some countries it's like waves of people like we see in beaches. I do not care about its price or if it is legal or not. I am still gonna use cryptocurrency payment and even gonna teach my kids how to use it. I see it as smart people's community.

[Ayiranorea]

Governments have a big role with the development of bitcoin. One example is the support that the cryptocurrency network got from Japan. Soon after the adoption of bitcoin by Japan there is a big change in the entire market. In my understanding when governments help with massive adoption there will be more number of users making it function perfectly and the scams can also be eliminated. Here only complication is the decentralization, when governments support the growth automatically they try to take it into their hands which completely destroys the market.

[rodel caling]

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?!

Of course government have big role for the development pf bitcoin worldwide because without permission of each country to use bitcoin as legal tender to buy things  and very things in that way bitcoin is useful currency.

[ghost424]

Of course the role of Government in the development of Bitcoin is not considered because what can they do is to provide the limitations and necessary rules and regulations in their own countries.

[Artemis3]

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?!

Its nice if the Government understands and accepts it, but its not required. In most cases Bitcoin ends accepted in spite of the government, or more precisely because people are using it anyway.

In the end, the community is the main driving factor.

Also in theory most governments are composed by people from the community anyway, so if everyone is using Bitcoin eventually they too, will reach the government and replace those with the old mindset. Adoption is but a matter of time, and critical mass.

[Gheka]

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?!

Of course government have big role for the development pf bitcoin worldwide because without permission of each country to use bitcoin as legal tender to buy things  and very things in that way bitcoin is useful currency.

Indeed, government really has a big role in the development of bitcoin because they are characters that can give bitcoin a huge space to grow, with their permission, many new investors can start pouring money and participating in bitcoin, since then the value of bitcoin can increase dramatically over time. However, very few countries acknowledge bitcoin until now when they cannot manage it, their purpose is always very clear, managing people and collecting taxes from bitcoin's activities, they have no intention of helping bitcoin grow

[MFahad]

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 definitely, if government announces it that bitcoin is legal in our country then no doubt, in a short time, bitcoin price will be increased more than our imagination. But behind the reason, most of the countries where bitcoin is illegal or ban, the reason their governments not like bitcoin, and they know that if they announces bitcoin in government level then they can't control bitcoin price.   

[uneng]

If governments endorse bitcoin in their countries, it would be much more popular than nowadays, however I think there is zero chance of happening in most countries. Not only because it's a decentralized currency that can weak the local economy;
But also because it can give arguments to the opposition: just think if a government suggests their citizens to buy, hold, trade, invest in btcs, then some time later there is a serious dump, these people will lose money, and who does the opposition will blame? The government! As they advised people to enter bitcoin market.

[Genemind]

Bitcoin has grown so far without the influence of the government so I guess they have nothing to do with its development unless they will approve its adoption as a currency. We all know that the government is against crypto and Bitcoin so I believe that bitcoin will continue to soar even without the help of the government.

[Eildosa]

The state has an impact on the development of bitcoin. It's the truth. Especially if this country has authority among other countries. People trust the government of the country in which they live and therefore if it approves bitcoin, then they will treat it well and use it.

[Ressurection]

The government surely palsys a vital role in the development of bitcoin and the entire crypto market. If the governems should announce the legal approval of bitcoin and other major cryptocurrencies as payment methods it would help in the global use of cryptocurrencies as a currency.

[LUCKMCFLY]

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?!

For a government to adopt the bitcoin has to be responsible for everything that can come, that is, have to support their investments, can not only buy and buy, because many holders of bitcoin have millions of bitcoins and if they decide to sell them all , the government of the nation has to answer for these massive sales, it would be fabulous for a government to take bitcoin as an alternative option to its traditional economy, but not to adopt it totally, because it could happen those events, and a government is always handled in Regarding returns in a safe way, you can not take risks where you lose money.

[samputin]

The ironic fact is that a centralized government can affect a decentralized cryptocurrency market in a good or bad way.

I agree with this. Yes, government plays an important role but it's either positive or negative. Our country's government, for example, has nothing against blockchain and cryptocurrency. In fact, its finance regulators announced last year that there will be a soon-to-launch nationwide educational campaign on digital currencies. However, they still make sure that the cryptocurrency are well-regulated. With this, people will know the benefits of crypto and will lead to adoption. (That is, if what you mean in 'development' is 'adoption'.)

[EdvinZ]

Undoubtedly, the government of any country plays the most important role in the development of anything. This also applies to the circulation of digital money. The government is developing laws governing the high-tech business and giving it the opportunity to grow. Any community involved in the development and promotion of cryptocurrencies is important, but it all depends on the government decisions that regulate projects in the field of blockchain technologies.

[bitbunnny]

Undoubtedly, the government of any country plays the most important role in the development of anything. This also applies to the circulation of digital money. The government is developing laws governing the high-tech business and giving it the opportunity to grow. Any community involved in the development and promotion of cryptocurrencies is important, but it all depends on the government decisions that regulate projects in the field of blockchain technologies.

I wouldn't say that governments are playing the most important role but definetely the significant. Ny the regulation and framework they give they could influence the development of cryptocurrencies in positive or negative way.
I think that with time their influence is becoming more and more positive because they are aware of importance of implementation of new technologies into society especialy economy and that new high-tech technologies including cryptocurrencies could contribute to prosperity of countries.

[jademaxsuy]

In my opinion the government has very big role in the development of bitcoin. The same as with the security exchange trading that has been brought to the next level with the government promoting it and anticipate the demand from the currencies all over the world. If only the government will meddle and take charge also the bitcoin system then for sure many will going to trust the system.

[Padawan007]

it work both way . A government could destroy the economy like Venezuela forcing the citizen to use crypto not because they like or not  but matter of daily survival for food & essential item

[annango]

Governments have a big role with the development of bitcoin. One example is the support that the cryptocurrency network got from Japan. Soon after the adoption of bitcoin by Japan there is a big change in the entire market. In my understanding when governments help with massive adoption there will be more number of users making it function perfectly and the scams can also be eliminated. Here only complication is the decentralization, when governments support the growth automatically they try to take it into their hands which completely destroys the market.

It takes for granted that governments have powerful in terms of bitcoin development. However, it seems like almost many governments in most countries in the world oppose cryptocurrency industry, they even impose a ban on using it. It's fortunate to have bitcoin accepted in some countries, which pave the way for bitcoin to gain in popularity and also accelerate cryptocurrency growth a lot. Hopefully, bitcoin may be accepted widely and officially in most places in the world.

[Janation]

I think this depends.

I mean there are a lot of things that the government is focussing right now, the same with our country and I don't think the development of Bitcoin is one of them. I mean they can't develop Bitcoin but they can make it legalized in the country. The only one making the development are the developers, we use it and the government legalizes it.