2020 the year of Bitcoin technology getting accepted by governments

[dongosquad]

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At this stage we might assume that it might never be possible for the governments to start regulating with bitcoins but we never know what exactly would happen in the future. Perhaps considering the advantages of use of bitcoins, the governments from worldwide would start liberating their citizens regarding bitcoins and how to earn a stable stream of income from bitcoins just to stabilize their economic conditions.

I also do not fully understand because for the past several years I have been involved with cryptocurrency there have always been unexpected surprises. Moreover, bitcoin is full of pros and cons. It could be that the blockchain is more adopted to improve performance, energy efficiency and time, but it also needs to be taken into consideration also regarding expensive funding.

[BitSat19]

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At this stage we might assume that it might never be possible for the governments to start regulating with bitcoins but we never know what exactly would happen in the future. Perhaps considering the advantages of use of bitcoins, the governments from worldwide would start liberating their citizens regarding bitcoins and how to earn a stable stream of income from bitcoins just to stabilize their economic conditions.

I also do not fully understand because for the past several years I have been involved with cryptocurrency there have always been unexpected surprises. Moreover, bitcoin is full of pros and cons. It could be that the blockchain is more adopted to improve performance, energy efficiency and time, but it also needs to be taken into consideration also regarding expensive funding.

We can divide this world in 3 groups for bitcoin as first one is developed those are bringing some soft policies and doing legislation for this second which are thinking to do something for this or creating own cryptocurrencies for own peoples like China Russia and some more and third which is most of developing they are not going to talk about this as they don't want to allow this in their countries corruption and some basic problems are still need some more intention for them.

[Lakshman15]

I agree with your words. You saying lot of members just focus on Bitcoin price not about decentralization. Your words are not 100% true.

There is lot of new projects they focusing on development using decentralization technology.

Slowly governments also focusing this technology but it take long time to give results. Because they started very slowly.

[FlightyPouch]

Well, we don't know. All we know is that there are a lot of people that want bitcoin to be that main thing but the thing here is that it is not that easy to do. I read some articles about people or companies wanting to develop and the blockchain technology and it seems not working since until now we are still not seeing any updates or progress about it. I think we should step first to blockchain-based softwares or applications before we go to that step. It is a hard step and a long one but still, as long as bitcoin is there, the possibility of its technology to be used is still there.

[Gladiator25]

2020 will be the year when more governments are going to be including blockchain in their systems to become more transparent and more reliable in order to offer a better service to their citizens.

Also, BTC will be more popular this year because since 2018 was mentioned a lot if the media, even when they talk in bad way about it, Bitcoin keeps growing, even negative news is good for the network of networks!

So many people are still just knowing bitcoin but can't understand the concept of decentralization yet! they just don't get it! because they have been indoctrinated for decades, and know it is more difficult for them to understand one important word: decentralization!

How can you be so sure that this year (2020) will be the year that cryptocurrency will be acknowledge by some countries(specifically those who bans bitcoin)? Well, it's true that the cryptocurrency have been a widespread news in different country even though most of their news is about negativity like scam. We have no idea when will bitcoin be accepted in worldwide but of course we want it to happen this year.

[carlisle1]

I agree with your words. You saying lot of members just focus on Bitcoin price not about decentralization. Your words are not 100% true.

because people tend to earn and not to learn and this is really sucks,because crypto will not progress if we will only look for profit but not the technology,this must be change and we need to start now.

There is lot of new projects they focusing on development using decentralization technology.

wish that you name some of them because they must be addressed for others to check whom they are,because so many scam project now that is why they are being affected.

Slowly governments also focusing this technology but it take long time to give results. Because they started very slowly.

what would you expect from the government?when they are not really that open in accepting Blockchain ,and also Bitcoin?but sooner they will change mind and thats what they need to do.

[XCANA]

2020 will be the year when more governments are going to be including blockchain in their systems to become more transparent and more reliable in order to offer a better service to their citizens.

Why is it that you decided that countries should make their national digital currency on a transparent blockchain? In most states, corruption thrives, which is beneficial to the governments. A transparent blockchain will simply not allow corrupt activities.

Gbam, you just nailed it there. Many countries including mine wouldn't risk the idea of having a Blockchain and her digital that will stand as a transparent tool for their monitoring, rather they would like to continue with their usual ways. Most corrupt countries wouldn't dare to imbibe the idea of Blockchain and digital currency alongside decentralization, this will deprive them from fraud.

[SquallLeonhart]

Bitcoins might have no relation with the government but the governments would always poke their nose in between the bitcoin transactions. This might even lead to the centralization process of bitcoins only because the governments have the verge to start accepting bitcoins in their financial monetary systems.

At the current situation, we could see no such intentions and the max we could see is some of the governments thinking to ban the circulation of bitcoins but this has never been possible for them so perhaps they might lose this thought. Some major changes in the blockchain network would generate a most profitable currency for the governments which can even be a national currency but the changes needed would be excess and it might also lose the originality of bitcoins.

[Swordsoffreedom]

Although the process of accepting cryptocurrencies is slower than we imagine, it is still a good news to all of us. Remember when it was first launched way back years ago, it was doubted by some industries and they immediately decline the idea of adapting in to it, but look at it now, it seems that all those advertisements and promotions bear fruit in the end. It would also be nice if it would slowly be accepted globally.

Every new technology doesn't get accepted at first. But when people start to realize its worth, gradually people start to get acquainted with it and the number of users start to rise. Like so, 2020 will be the year when more and more people will get access to bitcoins and more specifically - bitcoins and more governments are starting to realize its worth and are accepting bitcoins.

[LUCKMCFLY]

It cannot be denied that many governments see Bitcoin and cryptocurrencies in a very entertaining way, because they know the great potential that exists, seeing so much capitalization of money in a short time that they are beginning to establish the best offers for the creation of their own Cryptocurrency or stablecoin, blockchain has opened these doors directly to governments and banks.

[YOSHIE]

2020 will be the year when more governments are going to be including blockchain in their systems to become more transparent and more reliable in order to offer a better service to their citizens.

Many people think that Blockchain is always associated with cryptocurrency or digital currency, (in this case it can't be said wrong either), because Bitcoin is a digital currency that originally used blockchain technology, for this reason it can be said that the blockchain is the first category to use the financial sector, so there is no harm in people thinking the blockchain is a system related to crypto.

If it is associated with a government that uses blockchain technology today, it does not mean that the government accepts and transacts with crypto or bitcoin.

For that the benefits of blockchain in the field of government are very broad, blockchain is actually not only used on digital money.

Blockchain is a digital data storage network system, which is said (multiserver), which is in the body of Blockchain technology, data can automatically be replicated and verified to other server users.
The government is more familiar with Blockchain is a master ledger that helps in data storage.

Filtered governments are using the blockchain technology system on taxation, banks, population offices, etc, the data used is more accurate and guaranteed security and so on.

That's what the blockchain technology says, can be used to store data accurately and quickly in access to various countries online.

So, don't think that the government that uses the blockchain technology network is all the government accepts bitcoin and is associated with cryptocurrency, blockchain and bitcoin are different, blockchain is a network for transactions and data storage and currency bitcoin is called crypto.

[Assface16678]

2020 will be the year when more governments are going to be including blockchain in their systems to become more transparent and more reliable in order to offer a better service to their citizens.

Also, BTC will be more popular this year because since 2018 was mentioned a lot if the media, even when they talk in bad way about it, Bitcoin keeps growing, even negative news is good for the network of networks!

So many people are still just knowing bitcoin but can't understand the concept of decentralization yet! they just don't get it! because they have been indoctrinated for decades, and know it is more difficult for them to understand one important word: decentralization!

Yea, no doubt that blockchain going to popular day by day because of its transparency and highly security. So when any government try to utilized it in his government body must be focused its variations that how many way connected blockchain and here cryptocurrency is one of them. So we the crypto lovers can be happy to see the blockchain technology.

Today there are a lot of people stating that year of 2020 is the most profitable year after the bitcoin started in 2017 because some of us understand the market graph of the crypto especially the bitcoin we are getting more information from the previous years how does it work still, for now, we do need to take a lot of information because all of the information came from the analysis and data came from the internet and base in our experience are just still not reliable who all know that the market price of the cryptocurrency especially the bitcoin is volatile even we have a good data and information of the people declined the bull run of the market there is a chance it will lose and becomes not informative. But there is a chance that the price of the bitcoin will increase after the halving because this applies the law of supply and demand that the quantity of the coin goes down and starting the market value goes up rapidly.

[Twentyonepaylots]

Why will it happen this year? Only few of the governments are interested in blockchain. 

What is few to you?
If you are not aware yet, even governments from the so-called third world countries are already studying or testing the technology behind bitcoin. That should suggest that the interest in applying the tech is constantly spreading.

And Bitcoin has controversial reputation among most of politicians.

Many politicians around the world probably don't even know what bitcoin is and how it works. It's mostly people from the traditional financial institutions that has issues with it.

Exactly. I just don't see bitcoin technology or bitcoin itself getting adopted by major countries on this year. There are still huge speculations revolving bitcoin itself and it's harder to banish than what you think it is. They have to ensure that bitcoin could be profited from. That being said, most likely that the government itself will be the ones who'll use bitcoin or bitcoin technology before the commoners. This is to also ensure that there wouldnMt be any losses on the common people's party. So there might be some good news happening this year because after all the halving is coming, but I don't see massive changes coming up this year.

[Ridwan Fauzi]

How can you be so sure that this year (2020) will be the year that cryptocurrency will be acknowledge by some countries(specifically those who bans bitcoin)? Well, it's true that the cryptocurrency have been a widespread news in different country even though most of their news is about negativity like scam. We have no idea when will bitcoin be accepted in worldwide but of course we want it to happen this year.

Can you count how many country who still ban bitcoin? It is a few I guess.

Most of countries right now have accepted bitcoin to be use by citizen, but not for payment system.

But at least we have to take advantage of by this situation, we can spread freely about bitcoin to all people in order to they use it and I believe when many people now about bitcoin the government will use bitcoin as their money fiat.

[Gheka]

How can you be so sure that this year (2020) will be the year that cryptocurrency will be acknowledge by some countries(specifically those who bans bitcoin)? Well, it's true that the cryptocurrency have been a widespread news in different country even though most of their news is about negativity like scam. We have no idea when will bitcoin be accepted in worldwide but of course we want it to happen this year.

Can you count how many country who still ban bitcoin? It is a few I guess.

Most of countries right now have accepted bitcoin to be use by citizen, but not for payment system.

But at least we have to take advantage of by this situation, we can spread freely about bitcoin to all people in order to they use it and I believe when many people now about bitcoin the government will use bitcoin as their money fiat.

Saying that the government accepts bitcoin is probably a relatively reluctant problem because action from the government with bitcoin right now is just an integration effort, bring Bitcoin become a part of life when the process of blocking Bitcoin is too late but obviously, the government doesn't really want bitcoin to be widely circulated in the market and used by people. Tax evasion and the risk of investing in bitcoin have always been a concern for the government, the technology has yet to be unified and popular, and the government needs more time to investigate bitcoin

[USBitcoinServices.Com]

Today there are a lot of people stating that year of 2020 is the most profitable year after the bitcoin started in 2017

Perhaps this year 2020 can repeat the bullish event like in 2017; after2 years the market might be ready for that. Plus if more governments adopt blockchain that will motivate more people to buy their first bitcoin tx.

[fiulpro]

I don't think it is entirely true .
This year the USA is throwing some shade on bitcoins and sure to Corona virus in China , the miners would be faced with difficult situations too.
I do think that this is not the year for Bitcoins being accepted by the government , it's like every one year when we have both positive and negative news.
Also the year have just started it's just been 2 months therefore I do not think we should make comments about this year anytime soon.

[ultrloa]

Today there are a lot of people stating that year of 2020 is the most profitable year after the bitcoin started in 2017

Perhaps this year 2020 can repeat the bullish event like in 2017; after2 years the market might be ready for that. Plus if more governments adopt blockchain that will motivate more people to buy their first bitcoin tx.

That would be the scenario to come but guess we are still speculating for that things since I don't think we can reach  that far for now since it's really hard to pass this up to  the taste of the government since  there will be a conflict of interest will be hit especially in fiat matters,  But we still doesn't know on what will happen in future and we really need more  positive news to get a positive outlook on cryptocurrency ecosystem.

[Docnaster]

I'm not as optimistic in thinking that 2020 would be the year most governments would accept crypto as the break through technology. I do, however, believe there will be tremendous progress made towards accepting BTC payments very much in the same way as credit card payment.

A good example is how a municipality know for its ski resort in Swiss accepts BTC as payment for government services. You can find the source here (https://news.bitcoin.com/zermatt-bitcoin/).
This is the type of acceptance we would experience this year, not yet a global wide crypto payment acceptance.

[cofinder]

I really hope that your predictions will come true. In fact, this is not the first time I hear about the adoption of blockchain technologies by governments. A piece from Consensys contains data about already existing cases of blockchain usage by governments – https://consensys.net/blog/enterprise-blockchain/which-governments-are-using-blockchain-right-now/. I hope that 2020 will be the year of worldwide blockchain adaption.