Topic: Do you think at some point government will change its stand and adopt Bitcoin? - page 2. (Read 487 times)

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". : )

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.

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.


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.

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.

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.

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.

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.

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.

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.

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.

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.


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

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.

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.

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.

It is not at all a problem of the governments of the world, some of which have a negative attitude towards Bitcoin, but it is actually a problem of people who seek approval from their authorities to use Bitcoin. The whole situation is actually paradoxical because one wonders if centralized governments will agree to use decentralized crypto-currency and in that way actually begin to reject the power derived from national currencies.

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 they can change their opinion completely.What does that have to do with any government that should do exactly what?


El Salvador is an example of a country that found itself in a situation where it had to abandon its national currency and has been using another country's currency for more than 20 years, and Bitcoin was not something that got them out of the crisis in any way, but only gave them a lot of media attention.

Being early comers, early adopters have risk but it has more benefits and it deserves a risk you take. Bitcoin has been here since 2009 and if a country accepts Bitcoin in 2023, it will be less risk than in 2009. At least you know you arr not accepting what will die next days. Risk to see Bitcoin die tomorrow, next months since 2023 is smaller than risk it had in early years after January 2009.

With globalization, a country can not stay outside the whole world and it is unrealistic to accept Bitcoin if a whole world against it. Again Bitcoin adoption in 2023 excludes such risk that a nation will be alone by accepting Bitcoin.

I think 20 or 30 years are enough for me but honestly I don't invest in Bitcoin if I think it will die next 20 or 30 years. My vision is it will survive very long and I can leave my bitcoin to my kids after next more than 30 years.

I can not be sure about future but my vision has good belief in Bitcoin future.

What would you expect? Government would be always like this on which they would really be always mindful on how to apply taxes on anything. Now that they do able to see that cryptospace does generate that huge revenue whether if we do speak about incoming or outgoing transactions then it cant really be denied that volume does really involved huge or tons of money on which they cant really just let it slip away.

This is why it wont really be that something new if they would really be suddenly making out that kind of acceptance and trying out to flowering up things which seems like the do completely support cryptocurrencies
but we do know that behind those decisions are really having those kind of intent which it isnt really that shocking anymore.

They tend to adopt but all or everything for the sake of taxation and of course on the time that they would be able to apply it then this does mean that they have traced everything or monitored out.

You’re on point. The government may start to favor bitcoin in the future not to make it as a legal tender and rule over fiat, but to accept it as a payment system and to put a big tax on every bitcoin payment. That way, the government will gain the people’s trust again and may create hope that one day, bitcoin will have an equal position with fiat. But in reality, bitcoin is just being used and highly benefited by the government, but it will never come into reality that they will accept and adopt bitcoin as a legal tender.

It is widely acknowledged that powerful industries often exert influence over governments. While they may not have direct control over governmental decisions, their influence is palpable. Although I haven't conducted a survey on the matter, I can speak from personal experience. If major institutions were to embrace Bitcoin, they could potentially wield enough influence to impact government decisions in the future. However, the decentralized nature of Bitcoin is viewed unfavorably by governments, making it difficult to persuade them to adopt it. Such a transition would likely require considerable time, possibly spanning several years.

Many country are accepting Bitcoin but most of the countrys not accep9? Because It's control are not possible. But now a days we are seeing some countries allowing Bitcoin. Like El Salbador the accepting bitcoin as a legal currency. I think who are accepting bitcoin they are very visionary. They know in future it will very important subject. So i think every countries government will understand this importance and they will change decision and they will positive about bitcoin and also that's governments and they will adopt Bitcoin.