Topic: 2020 the year of Bitcoin technology getting accepted by governments (Read 1510 times)
December 15, 2020, 03:06:28 AM
April 20, 2020, 05:25:45 PM
Maybe so, I think that, rather than it being just 1 year with lots of countries adopting, it'll be a slow progression, we've already seen countries make steps in the right direction, I think this quarantine situation is also helping, have you noticed how many government processes that required you attend physically have moved online instead? It won't stop soon either!
April 20, 2020, 04:23:20 PM
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.
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.
2019, For example, it was the year of blockchain, as you can see the media in that year there were many articles talking about that, now there are many about governments planning and participating more in blockchain, each year has like a special topic, let's see what would be the main one next year.
Also, we have seen that in 2020 which we are now, many governments have imbibed with the mindsets of building a robust Blockchain technology for their respective countries. We have seen South Korea and North Korea among other nations around the world to start looking at the possibility of accepting Blockchain technology to better the life's of the citizens. 2020 will not only be for adoption of Bitcoin but also a global acceptance of Bitcoin, Blockchain and its technology.
April 20, 2020, 04:08:54 PM
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!
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!
2020 it seems to me will be remembered because of COVID-19 more, it is a pity, of course...and lots of people nowadays refocused their attention to the problems of how to earn, staying at home. And of course freelancers and people who are going into the crypto world, they have more benefits than those who left their offices and stay at home without any income. So digital coins are more preferable nowadays for lots of people. I think that yes, BTC will become even more popular in future.
April 20, 2020, 02:45:21 PM
Now they see all benefits that Bitcoin offers. I am sure that some government recognizes the true potential of Bitcoin and those countries will advance faster than others. Time will tell who was right, but embracing Blockchain technology in its early days has some benefits.
2020 is just the start. We have the entire decade to make see some changes and I believe they will happen! Long live Bitcoin!
2020 is just the start. We have the entire decade to make see some changes and I believe they will happen! Long live Bitcoin!
April 20, 2020, 02:16:11 PM
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!
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!
2020 it seems to me will be remembered because of COVID-19 more, it is a pity, of course...and lots of people nowadays refocused their attention to the problems of how to earn, staying at home. And of course freelancers and people who are going into the crypto world, they have more benefits than those who left their offices and stay at home without any income. So digital coins are more preferable nowadays for lots of people. I think that yes, BTC will become even more popular in future.
April 20, 2020, 12:47:01 PM
The state or the country won't consider cryptocurrency as their currency, i feel this is often not the year or even any year the govt are going to be allowed to use it but they're going to not propose or sell , why?
Since it are often used for concealment , the second thing is that they're going to not receive tax from their citizens, and therefore the last item on my mind is that the govt bank won't allow them to possess a decentralized cryptocurrency in their country.
Since it are often used for concealment , the second thing is that they're going to not receive tax from their citizens, and therefore the last item on my mind is that the govt bank won't allow them to possess a decentralized cryptocurrency in their country.
February 27, 2020, 12:55:45 PM
Basically your assumptions are based on the current level at which the governments of many countries have been involved in the Blockchain in solving so many problems in their beloved countries. Instead, it is most likely for surveillance purposes. You will dream if you think the government wants decentralization 
It is not about decentralization or whatsoever that the government cannot handle by their hand, it is about transitioning from physical to digital, tokenization to be exact. There are many countries that has already admitted that crypto is useful and in fact it is the best asset now. What I call the big three, USA , China and Russia are having the regulation on process, so it would not be long for us to experience a digitalized era. February 27, 2020, 03:35:20 AM
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.
Very well said, 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.
Governments will surely ignore this kind of technology and one of the reasons is corruption that would stop them from stealing money in their specific country but I'm not saying all governments are corrupt but most of them are. Big companies have a higher chance of using Blockchain technology to solve most of their problems.
February 26, 2020, 11:05:58 PM
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.
this is only an estimate year but we all know it will be harder to happen,because just like other years there are mostly banning and regulating happens that adaption so what tells the reality?though hopes are indeed from all of us whos believing that world needs Bitcoin and Blockchain to be adopted. You will dream if you think the government wants decentralization
nothing is impossible in technology mate,so better not say such thing since you are also involves in this market.if the government find decentralization can help then why they will deny this?though maybe not now but there will be a chance.
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February 26, 2020, 07:50:22 PM
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.
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.
2019, For example, it was the year of blockchain, as you can see the media in that year there were many articles talking about that, now there are many about governments planning and participating more in blockchain, each year has like a special topic, let's see what would be the main one next year.
February 24, 2020, 11:35:52 AM
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.
What are the reasons?? I don't see any news telling more governments to adopt Blockchain or Bitcoin this year. If you got the issues from some sources, it is better to enclose here as the proofs. But if it is only in your opinion, I'm sorry to say that it is doubtful. 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!
Bitcoin is always popular and more than other crypto coins. Even in 2018, when the crypto world is in a bad season, Bitcoin still became the favorite for investment. You said, "it keeps growing", means that Bitcoin is always safe to buy and hold. February 24, 2020, 06:46:30 AM
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.
February 24, 2020, 06:09:36 AM
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.
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.
February 24, 2020, 05:55:58 AM
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.
February 24, 2020, 04:20:47 AM
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.
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.
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February 23, 2020, 04:03:01 PM
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.
February 23, 2020, 09:07:07 AM
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.
February 22, 2020, 08:00:41 PM
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.
February 22, 2020, 07:22:41 PM
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.
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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. Jump to: