2020 the year of Bitcoin technology getting accepted by governments

[worle1bm]

The funny thing though, is that "government" and "transparent" mostly doesn't go well together. If anything, transparency is probably the last thing they had in mind if they were to create their own digital money. Instead, it's most probably for surveillance purposes. You'd be dreaming if you think the government wanted decentralization.

That's right, I laughed a little about this. if the government really wants to be transparent, isn't it certain that they are adopting crypto and decentralization and maybe even they are developing it themselves for the benefit of the country's finances. but in reality they are even afraid, afraid of the country's finances will be shaken by the influence of bittcoin

There is a difference between decentralization and transparency. Decentralization means giving the absolute authority and power regarding something to citizens whereas transparency means allowing citizens to view government's work however power to take decisions still lies with government.

Governments adopting blockchain could be seen as positive step towards increasing transparency between government working and citizens but it by no means meant that government is decentralizing any system.

[huige007]

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!

i love the way you deliver this thread and also the positivity on you but i don't think this will happen this soon mate.

government will always find things that will break the transparency and decentralization of cryptocurrency so there is no way they will accept this claim this soon.

maybe in another years or so let us see but not in this year.

I also agree, It will happen surely but not in this year. It first have to pass the many stairs of development. If users start working on its promotion in a serious way, this can happen in short period of time also. In the states where it is widely used like in China, people are fighting with the government for its status. Same would happen in other states also once people will get knowledge about it. Majority is authority so this would lead to the change in the status of Bitcoin.

[zeingrind777]

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!

The government and the country only want a centralized system blockchain. They will not accept and adopt bitcoin because of its decentralized nature. That means the government will only add new altcoins.

[angrynerd88]

2020 is expected important year for the crypto market.Developed countries like dubai more serious with crypto,these governments believe that the crypto market will create more opportunities for the people.Investor who want earn passively the crypto will be best option for the investors.Crypto will be great opportunity for the students and people looking for jobs,They can earn from crypto and it will reduce the unemployment ratio in the country.

[Chrystora123]

I don't think we can speculate about this.. countries that soon adopted Blockchain technology (such as China and several other countries) never made a statement about making Bitcoin a legal currency.  to be honest, if the government accepts Bitcoin then I'm very happy and support the policy.  the more countries that adopt Blockchain technology, the better it will be for mass adoption of cryptocurrencies.

[Sanugarid]

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!

It's been a long time ever since bitcoin has started its journey. It has faced countless controversies and crisis over the past few years even up until now. The only difference now is that there are some countries that are already accepting bitcoin as a mode of payment for different transactions, just like in Venezuela. Most of the rumors has already been falsified which helps a lot in making bitcoin more acceptable by the government. Amidst the conflict of being a decentralized currency and being under the government, the regulation of it is still a good thing for both sides even without crossing each other's limitation.

[USBitcoinServices.Com]

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.

Corruption thrives only because the country has a weak government system, in many cases, their citizen does not participate and do not get organized. Transparent blockchain is good for the people, the point is to let people as a society to thrive, not governments! Governments are here to bring solutions not to block progress.

[teosanru]

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!

True indeed here is a news of Indian government taking initiatives with blockchain : https://community.nasscom.in/download.php?file=wp-content/uploads/attachment/15216-executive-summary-avasant-nasscom-blockchain-report-final.pdf

Blockchain is really starting to flourish around and soon we could even see certain restrictions over the use of blockchain. Because governments would now soon realize the risks associated with blockchain and bring some regulations over it too.

Have a look at this article also it explains other countries which are making some big inventions in blockchain :
1. https://www.blockchain-council.org/blockchain/top-10-countries-leading-blockchain-technology-in-the-world/
2. https://consensys.net/blog/enterprise-blockchain/which-governments-are-using-blockchain-right-now/

[USBitcoinServices.Com]

Is there any reason for such claims or are you just dreaming out loud?

This idea that blockchain is gonna be used everywhere doesn't make much sense.

Blockchain is a slow and expensive database. Unless you have a very specific problem that blockchain will solve, it shouldn't be used. In most cases, blockchain is not applicable to the problem.

I so t think governments are going to use it everywhere to become more transparent.  There are other way to become more transparent,  which are less expensive.

It is based on information available on the internet, in case you haven't read enough about the topic, it would be great if you read more about governments interested in using blockchain.

There are much better blockchain than bitcoin these days, not sure what source of news you reading, if you refer to btc, yes it is slow but not for a long time, LN is here to solve that issue. It might be expensive if a centralized organization will implement their own blockchain, but if they use or support existing ones then they don't have to spend resources owning all nodes, there is where decentralization takes place when individuals run their own blockchain node.

[jossiel]

Bitcoin will even become popular this year because of the halving. We're all catching the moment of the bull run after the halving because we have seen the moments of those years after the halving.

The governments or any company is free to adopt the blockchain that they want because there are several projects that are offering this technology. It's always a separate thing, blockchain and bitcoin.

[Google+]

Bitcoin will even become popular this year because of the halving. We're all catching the moment of the bull run after the halving because we have seen the moments of those years after the halving.

The governments or any company is free to adopt the blockchain that they want because there are several projects that are offering this technology. It's always a separate thing, blockchain and bitcoin.

indeed with halving bitcoin there will be a lot of news circulating about the bitcoin event and maybe it will indeed have a very good price effect but you should know that the government only adopts blockchain technology but does not use bitcoin because they realize that bitcoin has very little supply of it will make bitcoin a place of price manipulation and is not suitable if used for transactions across countries because of limited supply.

[shield132]

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!

Oh of course, all they want is to be more transparent and take care of us on another level, that's what they are thinking about every day and that's the reason of why some of them have sleeping issues.
Cmon, governments aren't that much interested in bitcoin implementation but they are interested to gain more control on it and they are doing it pretty well, as it seems lately.
I think you wanted to say blockchain instead of bitcoin and don't know exactly what you wrote? Cause according to every statistics, not bitcoin but blockchain is the most wishful technology to be adopted by governments and also demand on blockchain developers is rising significantly.

[Yaunfitda]

This is one example of government taking advantage of blockchain: https://explorecatena.com/

Ottawa, Ontario, Canada (August 20, 2018) – Bitaccess is excited to announce that subsequent to the successful launch of its experiment with the Ethereum Blockchain in January 2018, the Government of Canada is now exploring the use of additional blockchain technologies. The National Research Council of Canada, through its Industrial Research Assistance Program (NRC IRAP) is using Bitaccess’ latest product, the Catena Blockchain Suite (https://explorecatena.com) to host its own blockchain explorer on the InterPlanetary File System (IPFS). Through Catena, NRC IRAP is conducting a live trial to explore the use of public blockchains in the transparent administration of government grants and contributions. At this stage, NRC IRAP is using IPFS to host a blockchain explorer application. The explorer application, which is similar to a search engine, allows users to instantly search the Ethereum blockchain for proactively published grants and contribution data (https://nrc-cnrc.explorecatena.com)

https://bitaccess.ca/blog/government-of-canada-ipfs/

As for your argument that bitcoin is gaining popularity, well its pretty obvious. But as what others have pointed us, bitcoin adoption is not equal to blockchain adoption. It doesn't mean that if governments are experimenting on blockchain will mean that they are going to be friendly to bitcoin as well, case in point China.

[Asuspawer09]

Bitcoin Technology is not illegal for most of the countries so it operates in a lot of countries and it is accepted by the government since they are not banning it for most of the countries in the world.

Having this bitcoin technology is actually essential to the government having this bitcoin asset, since it could be an assets for a lot of company that affects the economy of a country.
The thing is the government is not supporting this bitcoin technology since as a currency it is decentralized so the government cannot regulate this currency the market price could increase like what already happened in the market price today a 1 bitcoin already cost us a thousands of thousands of dollars, imagine if 1 dollar has this value. The government might support bitcoin but for sure it will just be a secondary currency and not going to be a countries main currency for sure.

[imstillthebest]

if that really happens, then that is the price of all of us here,

the price for  ? supporting and speculating bitcoin   ? well hell yeah   . this forum also encourage people and those people go outside to encourage others too  .

I think it is very difficult to apply, because every country has different rules, it may be that one country has permitted it, but other countries have not ... !!

that is true .  there are strict and there are free country but if im not mistaken , did i hear that all countries have unity before  ? i think it was with the world peace something   . who knows , what if that can happen again for the sake of accepting bitcoin and making bitcoin a global currency   .

[bitmover]

It is based on information available on the internet, in case you haven't read enough about the topic, it would be great if you read more about governments interested in using blockchain.

You shouldn't believe everything you read in the internet.

There are much better blockchain than bitcoin these days, not sure what source of news you reading, if you refer to btc, yes it is slow but not for a long time, LN is here to solve that issue. It might be expensive if a centralized organization will implement their own blockchain, but if they use or support existing ones then they don't have to spend resources owning all nodes, there is where decentralization takes place when individuals run their own blockchain node.

I don't like to discuss about this topic... but I will try to be dry.

First of all, of there is a "better" blockchain, why bitcoin’s is the most valuable one? Think about it.

And no, lightning network has nothing to do with blockchain. It is an off chain solution. Do you know why it is called that? Because it is off the blockchain.

Private blockchains may be a thing in the future, but they are not now and there is no indication that they will be used by governments in a near future.

[Rengga Jati]

Really? What is the very good news about crypto that can make the government accept bitcoin technology, I also mean, what government?
The issue about the crypto world and government so far is likely something that cannot find a good deal.
The government, with many concerns, may really consider accepting Bitcoin technology for their country (read: every country has different rate and situation regarding to the bitcoin and crypto technology).

[Shasha80]

I am also sure that this year there will be many countries starting to accept bitcoin technology, namely the blockchain, although many
countries will still be maintain its old principles. Because in my opinion if the country does not keep up with technological developments
then the country can be left behind.We can see China as an example, China is a country that hates cryptocurrency. Especially bitcoin,
but now it is policy they change. Without any doubt the Chinese government supports blockchain technology and makes their own crypto
coins. And this will happen to the country others because sooner or later blockchain technology must be used, especially for financial
transactions. order is more transparent and effective.

[USBitcoinServices.Com]

I am also sure that this year there will be many countries starting to accept bitcoin technology, namely the blockchain, although many
countries will still be maintain its old principles. Because in my opinion if the country does not keep up with technological developments
then the country can be left behind.We can see China as an example, China is a country that hates cryptocurrency. Especially bitcoin,
but now it is policy they change. Without any doubt the Chinese government supports blockchain technology and makes their own crypto
coins. And this will happen to the country others because sooner or later blockchain technology must be used, especially for financial
transactions. order is more transparent and effective.

Indeed China is leading by changing its policies in order to use blockchain and use its own cryptocurrency. Many other countries (governments) won't like to be left behind and will do the same. That is something we saw before with the internet.

[smartbitcoininvestor]

The government of Dubai is already utilizing the blockchain within their systems. Every country is different, however, blockchain technology would definitely make processes more efficient and information more transparent.