2020 the year of Bitcoin technology getting accepted by governments - page 3.

Gheka

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Quote from: Reid on February 05, 2020, 09:35:19 PM

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? Grin

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.

RealMalatesta

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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.

Reatim

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Quote from: USBitcoinServices.Com on January 27, 2020, 09:41:44 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.

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.

Quote from: USBitcoinServices.Com on January 27, 2020, 09:41:44 PM

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.

Quote from: USBitcoinServices.Com on January 27, 2020, 09:41:44 PM

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.

Reid

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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? Grin

Debonaire217

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Quote from: Kvalentine on February 05, 2020, 01:10:34 PM

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.

Kvalentine

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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?

jossiel

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Quote from: Google+ on January 28, 2020, 06:18:55 PM

Quote from: jossiel on January 28, 2020, 04:51:50 PM

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.

Artemis3

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Quote from: mk4 on January 27, 2020, 10:50:07 PM

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.

LUCKMCFLY

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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

FaithInCrypto

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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.

Kimi80

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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.

dimfrab

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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 !!!

mdzahed134

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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.

SoulMortal

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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.

mahilchii

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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.

RealMalatesta

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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.

jessyj48

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Quote from: USBitcoinServices.Com on January 27, 2020, 09:41:44 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!

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.

julius caesar

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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.

AniviaBtc

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Quote from: Latviand on February 03, 2020, 10:27:07 AM

Quote from: USBitcoinServices.Com on January 28, 2020, 12:42:33 AM

Quote from: avikz on January 28, 2020, 12:01:39 AM

Quote from: USBitcoinServices.Com on January 27, 2020, 09:41:44 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!

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.

fullhdpixel

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Quote from: USBitcoinServices.Com on February 03, 2020, 07:31:34 PM

Quote from: Rengga Jati on January 28, 2020, 07:59:09 PM

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.

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