2020 the year of Bitcoin technology getting accepted by governments

[hendra147]

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.

this is the data of goverment statement with bitcoin

https://upload.wikimedia.org/wikipedia/commons/2/23/Legal_status_of_bitcoin_%28new%29.png

the green positive mean bitcoin is legal, but not all legal in currency, some goverment use bitcoin as asset

other detail source you can see at here :
https://www.loc.gov/law/help/cryptocurrency/world-survey.php
https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
https://www.investopedia.com/articles/forex/041515/countries-where-bitcoin-legal-illegal.asp

[OrangeII]

as far as I know, the government has long accepted blockchain technology, and I also know that some countries are currently developing a blockchain for their benefit. however, the thing they refused was, the use of crypto as a legal payment instrument, because it could put Fiat at risk. however, I think crypto will never be accepted as a currency, or a transaction tool, but it will be accepted as an investment tool and other technological development.

[kotajikikox]

don't be exaggerated mate,never expect too much specially if you have no basis in telling such because this will bring frustrations not only in you but to all who will believe in your posts.yeah we are all or this to happen but we also know that so far this is impossible and no assurance of happening soon.
governments that hate Bitcoin is growing so there is no looking great in the near future.but of course reading like this are boosting our trust in crypto but not enough to hope tha.

[barbara44]

This year actually has not actually a special one as years come and go. There is much lower chances of the governments to declare bitcoins as a mean of regulatory payments. This would actually change the entire world if ever this step is been taken by the governments but until now, considering the cross swords between the centralized and decentralized authorities I do not really think that the governments have any kind of intentions to consider including blockchain into their regulatory system.

Moreover, I do agree with you that any kind of news usually proves beneficial for bitcoins because the more people would know about bitcoins, the more they would wish to invest in. So, let the media continue sharing news about bitcoins maybe in positive or even negative way.

[blckhawk]

People talking about BTC is just looking another hype bubble, not true adoption. What we need is for them to actually use it.

Blockchain, while baing a secure system, does not outperform centralized databases, and is not always a viable option for businesses to use. It requires more processing power, and therefore more cost, because of intensive cryptographic hashing and chaining.

[USBitcoinServices.Com]

People talking about BTC is just looking another hype bubble, not true adoption. What we need is for them to actually use it.

Blockchain, while baing a secure system, does not outperform centralized databases, and is not always a viable option for businesses to use. It requires more processing power, and therefore more cost, because of intensive cryptographic hashing and chaining.

There are people looking to make money with BTC and there are others spreading BTC knowledge in order to reach mass adoption, others are creating apps in order to make BTC more useful and this is something that will occur and it is happening organically. It takes time, nothing is in a month or just one year!

Blockchain is still in progress, at this point is not outperforming centralized databases, but that doesn't mean it won't do it in the near future. it is a matter of time.
 

[gundala]

Government and transparency seem difficult to put together. To improve functionality it is very appropriate to use a blockchain but it must be thoroughly assessed and ensured appropriate because it requires no small cost. The centralized system is indeed the case because the government can provide full control, so it cannot be fully decentralized system can be applied. After all, blockchain and bitcoin can be adopted separately, so even if the government finally applies a lot of blockchains, it doesn't mean that bitcoin gets the same position.

[dimfrab]

BTC stay the first crypto and it will stay a control on others crypto. The reason to exist of this is, for me, the confidentiality and no country control and own this. The first problem with BTC today is severals mining farms have got contain the money.
#relictum.pro #relictumpro #relictcoin

[Latviand]

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!

What's the bottomline?

Blockchain being accepted by governments certainly don't mean that bitcoin will have the same status! Even a lot of countries including China will start their own digital currencies using blockchain. But does that mean, bitcoin will have an impact?

Sure! bitcoin will have an impact, the more people talk and use bitcoin the better future for bitcoin! bitcoin is still in a non-massive adoption yet!


Bottom line is, the more governments use blockchain, the better for btc! BTC is the door of cryptos!

But the problem is, this year is devastated already by many problems from its early start. Health related issues, wars and such. Although the tension between the two countries have somewhat affevted the price of Bitcoin, I do not still think that this year would be a year where more governments would adapt blockchain technology because they would more likely focus on issues such as stated. But it is still early, and assuming is not a bad thing.

[Baoo]

Well, I am completely disagree with you, your opinion is not realistic I would guess, It is complicated for the governments in order to recognize Bitcoin especially with the presence of FIAT as the world economy , even most of Banks are against  cryptourrencies , that's fact. Plus, I don't really expect that in this year we are going to see significant developments  in Bitcoin except the halving event, but nothing is guaranteed in this field regrettably, but at least we need to be optimistic .

[Cjblog]

Their will come a time when botcoin will be considered an alternative form of exchange?please think again.As long as there is a decentralisation in the system, the chances are too slim

[USBitcoinServices.Com]

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).

The good news or good thing is blockchain, and many organizations, government included are adopting blockchain for their own use. What government? Japan and Germany, for example, are pro blockchain countries. China government also considering to issue their own digital currency using blockchain.

If 2020 is not the government entrance to the blockchain, at least it is the beginning, others will follow suit sooner than later.

[fullhdpixel]

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).

The good news or good thing is blockchain, and many organizations, government included are adopting blockchain for their own use. What government? Japan and Germany, for example, are pro blockchain countries. China government also considering to issue their own digital currency using blockchain.

If 2020 is not the government entrance to the blockchain, at least it is the beginning, others will follow suit sooner than later.

You should not mix up with bitcoins and blockchain. They both are a bit different. Bitcoins are been supported by the blockchain technology. Blockchain technology is the most advanced technology so far for payment methods. There also are some coins which have been started to move towards the centralized firms like XRP.

Moreover, the countries you mentioned are on a verge to launch their own coins but are not in favor of using bitcoins. More advanced and technical coin can be launched on the blockchain technology and that is what makes is much popular among those countries. We could sooner expect the blockchain networks getting accepted by majority of the countries for their own benefits.

[AniviaBtc]

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!

What's the bottomline?

Blockchain being accepted by governments certainly don't mean that bitcoin will have the same status! Even a lot of countries including China will start their own digital currencies using blockchain. But does that mean, bitcoin will have an impact?

Sure! bitcoin will have an impact, the more people talk and use bitcoin the better future for bitcoin! bitcoin is still in a non-massive adoption yet!


Bottom line is, the more governments use blockchain, the better for btc! BTC is the door of cryptos!

But the problem is, this year is devastated already by many problems from its early start. Health related issues, wars and such. Although the tension between the two countries have somewhat affevted the price of Bitcoin, I do not still think that this year would be a year where more governments would adapt blockchain technology because they would more likely focus on issues such as stated. But it is still early, and assuming is not a bad thing.

Although it's not really happening today, don't be too negative about your thoughts. If you keep on having that mindset, you should stop using bitcoin now. Bitcoin is still developing and it needs more support from us users until it reaches the government. The government have strong power to promote and fully enhance the capability of making the economy good. After the government already adapted the blockchain, many countries will also used the blockchain technology if they see that it really enhanced the economic state of a country. We can't say what will happen next because bitcoin's price is still low compared to 2017.

[julius caesar]

Some of the government does not want to accept bitcoin as a part of their transaction because they are scared that it might replace their fiat money. Little did they know that it will help them to fasten the transaction that they have as of now and might be the trigger for a better economy since the faster the transaction, the higher the possibility that economy will rise up.

[jessyj48]

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 is this going to be possible? Those who don't care about decentralized feature are the only one who will fully embrace bitcoin and government hates what they have no control over, merchants around the world accepting bitcoin as means of payment don't care about its decentralization but govs do.

[RealMalatesta]

Decentralization is what bitcoins stand upon. Bitcoins run on blockchain network and blockchain networks are decentralized which makes bitcoins decentralized.

There is no third party or any authorized party speculating the bitcoin transactions which makes it anonymous and also opens door to excess amount of profits. Know their nature, I do not really think that the governments would ever try to legalize bitcoins in order to use them in their payment methods because centralized authorities can never smoothly run with the decentralized systems. They both need to be considered separately and hence not mixing them up, government too would not assume accepting bitcoins into their local payments.

[mahilchii]

I agree that most of the government will accept Bitcoin also there are lot of countries who wanted to develop their own coin like China, Venezuela etc. public wanted to use their own countries coin rather than going for bitcoin.

And yes most of the governments wanted to increase their economy with the help of this also they have the capability to make their own coin as well...so I think it depends on the country and their government to make Bitcoin popular.

[SoulMortal]

I'm sure it will but it will take some time as most of countries still hate it and they fear it. I hope they all will learn about this amazing technology and start accepting it as it is good for people as well as the government.

[mdzahed134]

This is the mainly most of the government fear for bitcoin is decentralized. In 2018 crypto market was getting hardly collapsed. When btc is exposed negatively in everywhere. Also many government's cannot trust in this volatile platform. I hope 2020 can make changes governments sentiment to adopt btc. To develop any countries they have to connect in the btc technology and i think this another many countries will be accept bitcoin.