Do you think at some point government will change its stand and adopt Bitcoin?

[Ucy]

I think it's the power that be or centralization forces throwing in all they've got to see if they can control Bitcoin especially since they have realize it can't be killed or crashed to zero. It's more like the "if you can't beat them you join them" kind of mindset, but they are not only joining to benefit from it but to control it.
In the centralized system, they strive to master or control all things to prevent anything from getting in their future plans or agenda like vision 2020, 2030, 2040 and stuff like that. In order to predict the future, you should be able to control current events. Fortunately, no one in the centralized system can actually predict the future or control Bitcoin. Only the CREATOR of the Universe can, and HE reveals it to HIS prophets...as HIS Word says "HE reveals HIS secrets to HIS servants the prophets.

[Helena Yu]

I also have the same question because nowadays, there are not too many governments banning bitcoin, most of them already accept bitcoin. But I saw him mention accepting bitcoin as a legal tender of El Salvador, so I thought he was referring to accepting bitcoin as a payment method or currency, not a commodity. And if that's what the OP meant, then I really doubt it, I wouldn't believe other governments would do the same thing as the El Salvador government did. They will never allow bitcoin to become the world currency and replace the current fiat system.

It's just funny how people are want to see Bitcoin is accepted as legal tender. I believe those people will not use Bitcoin as a currency and complaining the transaction fee is high, after all they will keep complaining and in the end they will use fiat to pay bills or daily needs.

There are already many online marketplaces accepting Bitcoin payment, I'd bet they're not even regularly order something and pay with Bitcoin. They will choose local online marketplace where it's more convenient and safe to use.

[Yatsan]

If it is general possibility then there is a chance, I think but I doubt that all governments would do so. There would always be doubts on their end simply because this technology is a new thing still. Also with regards to monitoring and transactions that governments are concerned of, this would not be easy to achieve for this industry. What's more likely to happen is gradual acceptance from sectors such as what happened recently wherein banking institutions are quite giving a short for cryptocurrency adoption. Well, regulation would more likely take place which is what making the process, complicated since it is in contrast with this technology's nature.

[Wind_FURY]

My perspective

Just as the future is uncertain and no one can predict the future, The government may seem aggressive today on Bitcoin and cryptocurrency adoption, and tomorrow change their stand due to high pressure and demands from their citizens to use a technology like Bitcoin in the coming years.

It's going to be laughable if the U.S. government actually bends to the pressure because if they understood the true nature of the technology, they would be thinking that they should have shut the network down while it was still small and still very possible to stop. They would have made a greater effort of finding Satoshi if they knew Bitcoin would be as unstoppable as it is today.

But the people doesn't have to demand anything from the government to be allowed to use Bitcoin. It's permissionless, and it's censorship-resistant.

If BlackRock CEO criticized Bitcoin in the past and later turns to embrace what he kicked against, the government may do so because the government is run by friends of these individuals or people who own these companies, and they may have influence When it comes to government matters.

BlackRock will influence the government if WE should be allowed to use Bitcoin, and how to use it?

Don't trust BlackRock.

https://bitcointalk.org/index.php?topic=5456494.msg62452869#msg62452869

https://bitcointalk.org/index.php?topic=5456494.msg62417885#msg62417885

El Salvador is a leading example of government in the front run of Bitcoins adoption and when more countries' governments follow suit in the race, other ones will not want to be left behind, they too will join the queue.

Let's have a general discussion, what is your standpoint?

Bukele wanted to go against the IMF, and what's the best tool to use? It wasn't merely a choice. It was necessary.

[Zanab247]

I don't know why some of you are still worry about government adopt BTC, based on the purpose BTC was created show that many governments official knew that BTC is a transformation of economy and the growth of a nation. Nobody force El Salvador government to adopt BTC, but today they are enjoying massive growth in their economy, and nobody will force other governments to adopt BTC because many influencers and wealthy men all over the world came to discovered that there is a bright future in BTC.  BTC was banned in my country some years ago because the government didn't Carry out their own personal research to know the potential of BTC before X central bank governor condemned BTC in the country and banned it. But the new government is doing a thorough research to ensure they lift the banned from BTC and crypto in the country because, the new government officials no the powerful transformation behind BTC to any government that will adopt it genuinely.

[Gallar]

All of these things may or may not happen. Because talking about bitcoin adoption, as we know, currently not many countries are willing to adopt bitcoin as currency or as a means of transaction.
Because there are many reasons that make bitcoin not so easily adopted by a country. Maybe due to legal issues in force in that country or about dislike of bitcoin assets. So speaking of that,it will be difficult indeed, to make bitcoin adoptable by certain countries "for now"

But it is possible that in the future bitcoin will be accepted by all countries in the world. Because as you mentioned, there are also people who didn't like bitcoin at first, but in the end these people can change and can really like bitcoin. So with this fact, the hope that bitcoin can be adopted by all existing countries is still very wide open and you could say that all of these things could happen.
Because basically want any argument or opinion, if it aims to disgrace bitcoin, I'm sure it definitely won't be able to. Because of bitcoin assets, you can say that they are very good assets and have great potential. So for example there are people who research bitcoin who initially want to find a loophole in bitcoin, but in the end change your mind and decide to like bitcoin, it can indeed happen. And that includes for a country as well.

[Hispo]

I don't think so. Because the whole point of the FIAT or traditional money is to give the governments the control over things like the total of the circulation, fees, interest rates, etc. If they decided to adopt Bitcoin, it would imply for them to give up that control and I am sure they are not willing to do so. It would be very risky unless they decided to go with a dual system FIAT-Bitcoin as El Salvador is trying to implement.

[Fivestar4everMVP]

One thing constant in live is change, and yes, bitcoin is already created and running, and can not change for any body, who ever does not like bitcoin today will grow to like it tomorrow, this is majorly the reason why I am not always very bothered about government banning bitcoin here and there..

The Chinese government for instance have banned bitcoin more than five times, and even till today, majority of their citizens still own and are transacting in bitcoin, I do not usually consider any ban on bitcoin by any government permanent, because I believe that, a till will come when they will just have to change stance, they won't have any other choice but to just do it.

[PeRo]

It really depends on which countries are we talking about and their stance since the beginning. Some countries could really change their opinion and lower the guard towards Bitcoin but some could use that as a mask to try and profit themselves. For example, I recently had a thread about Banks giving the option to invest in Bitcoin and even though the opinions are mixed, I think it is used only in their interest.

 So, governments can start taxing Bitcoin with the help of those(and other) centralized systems and start tracking money movement of the addresses people use in that system/exchange. Of course you could still remain anonymous but they will take a friendly stance to gain any kind of upper hand. This isn't global though, countries that are less corrupt or don't work for only their interest exist but sadly this isn't a majority.

Good for Bitcoin publicity, maybe not so good for users.

[irhact]

People who care about making money often change their stance on Bitcoin if they start out as skeptics.  But those who care about controlling the populace, like governments, won't be able to accept Bitcoin fully.  Bitcoin reduces the power of governments to control and surveil their citizens and gives power back to the ordinary people.  

You're correct because looking at those who has changed their stand on Bitcoin, they are only doing so because they know now that they can make millions from accepting Bitcoin and they always have an alternative motive which is to centralized the network. When they changed their minds on Bitcoin they don't do it to strengthen the decentralized system of Bitcoin but instead introduces their own centralized service like with the OP example and many others.

Possible the government accept Bitcoin in the future when they find a way to control all the centralized Bitcoin wallets and exchanges. We'll still have decentralized options that allows you to be in control of your private keys but their centralized version get more users and usages.

[Finestream]

We don't hold what the future brings as there will always be possible changes in the future. But I don't put my high hopes on it because the fact that the government want to take full control of everything, one thing that they can't do when they start accepting Bitcoin. So maybe they can accept Bitcoin as another method for payment but know that it will never replace the position of fiat that is fully backed up by the government.

[serjent05]

People who care about making money often change their stance on Bitcoin if they start out as skeptics.  But those who care about controlling the populace, like governments, won't be able to accept Bitcoin fully.  Bitcoin reduces the power of governments to control and surveil their citizens and gives power back to the ordinary people.  

You're correct because looking at those who has changed their stand on Bitcoin, they are only doing so because they know now that they can make millions from accepting Bitcoin and they always have an alternative motive which is to centralized the network. When they changed their minds on Bitcoin they don't do it to strengthen the decentralized system of Bitcoin but instead introduces their own centralized service like with the OP example and many others.

For the government, they will try to tarnish and destroy something that they can't control if they don't see any benefits from it.  Just like in the early days of Bitcoin, government are somehow hostile to it because they looked at it as scam and tools for criminal to transfer money.  But as the information is corrected and many people had adopted Bitcoin, many government are looking forward to utilize the potentials of Bitcoin and take advantage of the opportunity to milk money from the company and people that is using Bitcoin, thus, government are now adjusting their law to fit Bitcoin nature so that they can establish another source of tax.

Possible the government accept Bitcoin in the future when they find a way to control all the centralized Bitcoin wallets and exchanges. We'll still have decentralized options that allows you to be in control of your private keys but their centralized version get more users and usages.

The government will never be able to control the Bitcoin blockchain network, they can only have control on the centralized exchanges so it won't be a surprise if the government impose all their changes on of regulation to a centralized exchange.

[Franctoshi]

To predict the future, you should be able to control current events. Fortunately, no one in the centralized system can predict the future or control Bitcoin. Only the CREATOR of the Universe can, and HE reveals it to HIS prophets...as HIS Word says "HE reveals HIS secrets to HIS servants the prophets.

Lolz!, If the future is predictable they would have known that Bitcoin is a threat to the fiat currency because of its problem-solving and stopped Bitcoin at its early stage, But they thought Bitcoin was another Ponzi. Bitcoin changed the game for central authorities and give control to the people to be in charge of their own money.

[famososMuertos]

OP: what is the condition here, I have seen this news from several places, there is nothing new here, just the old school of the economy wanting to take its part, the only thing we can do, is as I already said, take the satoshi and leave as little as possible that the bitcoins are completed, if I explain myself! that is to say, fortunately it is possible to "take" something before the normal attitude of these old "rats". : )

[Cryptomultiplier]

Most of the major countries in the world who have come to know what cryptocurrency is and what the Blockchain technology offers, understand that the idea has come to stay no matter how they try to ban it.
The funny thing is that you can't tell how much a person have as crypto currency because it seeks to protect identity and even if you want to use crypto to make transactions without letting anyone know, mixers can be used.
The government know they can't track all this money movement and with the way the economic price of gas, crude oil, taxes and other essential bills including health care, banks  have proven to be more of a money sucking machine than what it is thought to be.

The government will change its mind, like what UK did. The only if, is that government want to impose taxes and regulate crypto affairs. It defeats the purpose of a decentralized system. More countries would have to adopt it if their government agrees so.

[Wend]

I don't know why some of you are still worry about government adopt BTC, based on the purpose BTC was created show that many governments official knew that BTC is a transformation of economy and the growth of a nation. Nobody force El Salvador government to adopt BTC, but today they are enjoying massive growth in their economy, and nobody will force other governments to adopt BTC because many influencers and wealthy men all over the world came to discovered that there is a bright future in BTC.  BTC was banned in my country some years ago because the government didn't Carry out their own personal research to know the potential of BTC before X central bank governor condemned BTC in the country and banned it. But the new government is doing a thorough research to ensure they lift the banned from BTC and crypto in the country because, the new government officials no the powerful transformation behind BTC to any government that will adopt it genuinely.

Do you have any evidence that bitcoin adoption is bringing economic growth to a country? Take El Salvador as an example because they were the first country to accept bitcoin as a legal tender. I am not saying that El Salvador has failed to accept bitcoin, but to be fair, bitcoin is just a speculative asset, how can it help the economy of a country go up? Even if an individual becomes rich by holding bitcoins, there is no guarantee that his wealth will be maintained if he relies solely on bitcoin and has no other business.

[Wrathofcoins]

So you started the thread talking about goverment and after that you put as reference a Blackrock article...

Well goverment in reallity moves slow in all and i dont think they have a stand or position on crypto they only repeat they dont know what really its and they need to regulated and bla bla bla.

About Blackrock, man dont take them seriously they only make money, they dont contradict themselves, they dont give a fuck about what its or morals, they said its a "index of moneylaundery" OK but can we do money from that index? that its the only question that matter for Blackrock or that kind of companies. They dont have a stand or thinks about X.

[Franctoshi]

BlackRock is a private company that at the moment thinks that it can make a profit with the help of Bitocin, and in a year it can change its opinion completely.

Yes, they may change their opinion, and this is the angle that I'm looking at in this topic on the government side, The government may also see a profitable way of taping into Bitcoin, and the government too may change their opinion completely with the way they see Bitcoin today as they say, change is constant.  

What does that have to do with any government that should do exactly what?

Remember that the government we talk about is run by individuals that have interests, the same as the people who run these private companies. If the government sees these big companies change their perspective on Bitcoin and are filing for Bitcoin ETF, don't you think it might draw the government's attention to find a way to have a review of how things can be sorted out with their stand on Cryptos?

[Smartvirus]

Remember that the government we talk about is run by individuals that have interests, the same as the people who run these private companies. If the government sees these big companies change their perspective on Bitcoin and are filing for Bitcoin ETF, don't you think it might draw the government's attention to find a way to have a review of how things can be sorted out with their stand on Cryptos?

I like to think that way but also, if I were to be a little negative,
I think the government could see reasons to be more aggressive towards the innovation due to the fact that, they’ve got something to lose to this with the fact that, the government product which is fiat is being abandoned for a more compatible alternative.

Still, there is hope in the sense that, bitcoin has proven to be way above any interference but, not so much is mining and the various centralized systems that exists within the space as per exchanges.  Am just saying!

[GreatArkansas]

BlackRock is a private company that at the moment thinks that it can make a profit with the help of Bitocin, and in a year it can change its opinion completely.

Yes, they may change their opinion, and this is the angle that I'm looking at in this topic on the government side, The government may also see a profitable way of taping into Bitcoin, and the government too may change their opinion completely with the way they see Bitcoin today as they say, change is constant.   
(....)

It will just be a matter of time. Just remember the early days of gold before. Everything on Bitcoin right now is still early, still room for growth.
I believe some governments will realize later on that they should have adopted Bitcoin earlier.

This is also another reason why I am not afraid to use and own Bitcoin, because these big companies are trusting billion of money to Bitcoin.