2020 the year of Bitcoin technology getting accepted by governments

[dimfrab]

 if severals services can be paid in bitcoins, it's not the majority. while banq and states will not status on the subject, they will limit use. We need to wait severals years to see the bitcoins use grow up !!!

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[Kimi80]

I heard about plan e in the case of involving of Blockchain technology in government's structure years ago. At first the talk was about 2018 and then, logically, about 2019. Nothing happen, yet. Such news, about the government which cooperate with Blockchain this year sounds to me more like FUD, for now. I know it will be done one day for sure, the government just has no way to escape it, but when exactly - I don't know.

[FaithInCrypto]

Even though Bitcoin has been making names for a few years now, it is still early to say that it is being accepted by the government. There are still problems here and there that Bitcoin and the whole cryptocurrency need to surpass. I do agree that negative publicity is still publicity, I don't think this is good for Bitcoin in its early years. People might become aware but it isn't helping Bitcoin where it is in the position where positive hearsays count. In my country, Bitcoin was very popular back then but due to scammers using it as means to profit, Bitcoin lost its glory and was only tagged as a scam so it'll be much better if Bitcoin  would only receive good feedback for the time being.

[LUCKMCFLY]

This problem is very subjective for governments, intrinsically they are in the market through many of their financial advisors, but they cannot go against such overwhelming technology, it is logical that now with the problem of adoption, they find it easier Some governments accept Bitcoin. , especially Blockchain, as is the case in China.
Even from the CEO of Facebook, they have ensured that Bitcoin is the new digital gold, as Terry Duffy said here: https://twitter.com/CNBCClosingBell/status/1224450612269477897

[Artemis3]

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.

This is correct, and what some governments are doing is implement blockchain but not decentralization. That is, they want to ride the blockchain buzzword but not truly commit to real transparency.

If they make a voting system using blockchain, they would need to release the source code and let anyone run nodes, and the equivalent to the wallet which what would allow unique votes. Most projects using the "blockchain" word don't do this, they are kept "internal" and centralized.

Of course having projects using "blockchain" has nothing to do with accepting "Bitcoin technology", they are just cherry picking one of the components.

[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.

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.

It's already on the news and a lots of call and predictions are starting to come out from these very much known, 'experts'.

Nah, govt's are free to use bitcoin too. We have services like BitPay for which they can convert bitcoin payments to USD.

[Kvalentine]

Its impossible for government to fully accept bitcoin because they can't take control, its that easy and simple, government don't like anything that can't be controlled  by them, it seems you aren't thinking very well, why are central bank creating their own digital currency now?

[Debonaire217]

Its impossible for government to fully accept bitcoin because they can't take control, its that easy and simple, government don't like anything that can't be controlled  by them, it seems you aren't thinking very well, why are central bank creating their own digital currency now?

It is not always the case that government should control Bitcoin or any other things related to economy, it is just that, these entities needed a guidance or regulation to somehow government could have a way to interfere whenever it impose threat to the economy and welfare of the country. Thing of LGU's, they could freely operate to the country despite of government intervention in a case that they need to follow rules and regulations. Same applies to bitcoin and blockchain technology.

[Reid]

Blockchain will be the one which will be adapted and not bitcoin.
I don't think they agree with decentralization and freedom of the people to just use it or store it without anyone knowing how much.
If they don't sign any address in their profile or created a new address then it is kept from taxation.

Do you really think a government would like that?
Where will the Senators get their salary if there is not much tax?
At what way will they steal money from the people if there is no tax coming in? 

[Reatim]

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.

how i wish this will happen soon,we have heard China is now starting to adopt BlockChain to their technology (but of course not Bitcoin)so no wonder who will follows next.

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!

lol it falls badly in 2018 upto the beginning of 2019 so media succeed at some point of making bad statements regarding bitcoin,but also opportunity for us to buy more in cheaper price.

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!

well that is their choice not to learn the word,but i doubt that they don't understand instead they are denying the fact that this is helpful in so many ways if they will open their mind.

[RealMalatesta]

I seriously hope for this to come true this year. And from what I have been seeing it seems like the government is starting to accept cryptocurrency. It’s starting small and very soon there will be a widespread adoption of Bitcoin. Banks in Germany has already been authorized to start storing and selling cryptocurrency in this 2020.

There were some oppositions but those are just some noisemakers who are never going to win because cryptocurrency is out to take over this time. There are also a few e-banking platforms that are working with cryptocurrency, we have Wirex and they offer one of the best services I have seen so far. Even BitPay wallet offer some good services that are similar to e-banking.

[Gheka]

Blockchain will be the one which will be adapted and not bitcoin.
I don't think they agree with decentralization and freedom of the people to just use it or store it without anyone knowing how much.
If they don't sign any address in their profile or created a new address then it is kept from taxation.

Do you really think a government would like that?
Where will the Senators get their salary if there is not much tax?
At what way will they steal money from the people if there is no tax coming in? 

Agree, what the government will accept is probably blockchain technology as it provides a new usefulness and a new perspective on technology, Bitcoin will still be on the special list and the government will pay more attention to it because the frequency of Bitcoin being mentioned and used by citizens is rapidly increasing in each country, from an unfamiliar name it has become a well-known name. Unfortunately, it is a limited investment and evades the government, its benefits are focused only on individuals, the government will not be satisfied and do not accept it as a popular investment.

[resty]

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.

I somehow agree with this idea and it looks like there are no references to support his claims.

Yes there are a lot of benefits we can get from this new technology but on the other hand there are a lot of things to consider. If this will apply to a certain company that sells goods, it will be purely efficient and makes the transactions very fast. While in the side of the Consumer, it will be easier too for  everything will be automated once they order a single Item. However, there are security or privacy issues that should be keep in mind. Although every node has a copy of every transactions they should implement limited access to the consumer for they are not required to know every information.
Lastly, blockchain technology requires more power as it solve complex problems. This can be a burden to some countries that has larger price range for electricity.

This is not easy as many think. Though blockchain was powerful, there are some things to consider.

[HarmonyA]

As blockchain arrives at a scaling watershed, there's one key separation that the world will come to recognize, one that devotees are likely effectively extremely acquainted with—the contrast between Bitcoin, Ethereum and other decentralizing advances Bitcoin's ascension to government acceptance in 2020 is visible but will be marred by volatility and decentralization,  which is the main reason government frawn upon. But it is hope to surpass previous acceptance records.

[USBitcoinServices.Com]

its benefits are focused only on individuals,

Thank God, that the benefits of bitcoin are focused only on individuals, which is a great thing never seen before from any other technology like blockchain, that is how decentralization works!

I don't know how we still see people not realizing that decentralization is what will change our society drastically for good and benefit everyone, bringing power and freedom back to the people.

[Slow death]

In the last few years it seems that some people look at bitcoin as a religious sect where they have to pay homage to the sect every day. I say this because people no longer bet the disadvantages of bitcoin, it looks like a religious sect. I like bitcoin, but that doesn't mean I shouldn't look at bitcoin's advantages and disadvantages. OP, governments will not accept legalizing bitcoin anytime soon, make no mistake. there is still a long way to go to have mass adoption (i'm talking about seeing bitcoin being used all over the world as a means of paying for water, electricity, paying for school, paying for documents, buying food, buying a house, buying cars all using bitcoin)

[peter0425]

Bitcoin and specifically blockchain is slowly but gradually being accepted around the world by governments. Developed economies have already adopted Bitcoin in their economy but most developing countries are slow to this change. Along with bitcoin, other cryptocurrencies will be more feasible in the world this year i hope.

Blockchain adoption will be like the internet in the beginning, but blockchain has now advantage and that is the existence of the internet, when the internet started it didn't have any advantage, it had to start from scratch and grow organically.

and in this way we are helping it grow by putting waters everyday,just like this thread that has very positive content for our community .
while others are spreading FUD ,you are pushing good conversation about how Bitcoin will go thru years.
Keep this kind of positivity mate because we will all benefits from this.

Does the government accept bitcoin? I don't think it's entirely true. They will not accept bitcoin just like that, there must be certain conditions for bitcoin to be accepted in each country. The government is very protective of its country's currency.

depend in which government you are talking because there are some governments now that open their hands adopting Bitcoin.

[20kevin20]

Why will it happen this year? Only few of the governments are interested in blockchain. And Bitcoin has controversial reputation among most of politicians.

If China and the EU working on centralized currencies using Blockchain technology isn't a reason good enough for you to consider a big move towards Blockchain is planned as we speak, you need a reality check.

I think this year we'll only get an idea of what the currencies will be like. It's a too quick to switch from fiat directly to digital, they'll need time to make us accomodate with the digital world.

[rosezionjohn]

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.

[darewaller]

Bitcoin and specifically blockchain is slowly but gradually being accepted around the world by governments. Developed economies have already adopted Bitcoin in their economy but most developing countries are slow to this change. Along with bitcoin, other cryptocurrencies will be more feasible in the world this year i hope.

Blockchain adoption will be like the internet in the beginning, but blockchain has now advantage and that is the existence of the internet, when the internet started it didn't have any advantage, it had to start from scratch and grow organically.

None of the commodities have an advantage once they are been launched. They need to drastically generate a major demand for themselves which could attract attention from a number of people. Actually, at the initial stage everything seems impossible but the word impossible itself says " I Am Possible" so why should we lose our faith?

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.