do you think governments can adopt the blockchain using they own currency?

XbladeX

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Quote from: jonathan6655321 on September 17, 2017, 07:51:15 PM

i wonder
do you think governments can adopt the blockchain using they own currency?

why they need blockchain to do that one central server hve more sence.
If thye want more seciurity then ok but what when they all loose main prive keys wthey will reset all.
Central banking and krypto is limited way forward to me.

Evilmorty69

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yes, maybe. why not? anything can happen

lighpulsar07

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Quote from: jonathan6655321 on September 17, 2017, 07:51:15 PM

i wonder
do you think governments can adopt the blockchain using they own currency?

yes if you are doing research in the internet and some news sites, some countries just like russia and china are planning to adapt blockchain technology using their own currencies and banks and investing firms are adapting the blockchain technology either so, i think the blockchain technology itself was a really good idea

centralbanksequalsbombs

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Bitcoin :open immutable decentralized global fair

Quote from: jonathan6655321 on September 17, 2017, 07:51:15 PM

i wonder
do you think governments can adopt the blockchain using they own currency?

LOL.

Government (or any central control) on a crypto = less secure = means open to manipulations and hacks = worthless

Decentralization with no central point of failure = maximum security = cannot be manipulated nor hacked = safe and sound store of value
=Bitcoin

Basic principles of Bitcoin.

There's a reason why there's the limitless amount of WORTHLESS altcoin blockchains available, hyperledger will be just another example of a shitcoin or scamcoin if you will.

There's only one that's the true secure, store of value....only the Bitcoin Blockchain (any other blockchain is a scamchain).
LOL

Young Joe

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I suppose that they could. However, I think it would be easier if they just adopted Bitcoin. That way their work is already cut out for them, not to mention, is internationally used and recognized.

willmsnow

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I think sooner or later this will happen. What they can not destroy then can regulate them.

Rj Manik

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There are many different kind of economy policy in different country the whole world.So If the government adhere the rules use this, It's not a fact.Finally it's depend on there counties public demand and there own economic policy.

AGD

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Keeper of the Private Key

https://bitcointalksearch.org/topic/m.21951609

Quote from: AGD on September 18, 2017, 01:47:21 AM

Nothing will happen to Bitcoin, because banks are already working with virtual currencies using encryption right now. They will never issue a crypto currency, that

a. is confirming transactions completely decentralized
b. people can mine with their computers
c. has a public ledger
d. has a limited amount
e. is open source
f. ...

Means, that everything a bank will issue might even be called "Cryptocurrency", but it will definitely not replace the idea of Bitcoin.

rcoins0720

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I think it is possible but ton of work if ever the process of legalization and I think it will have tax if that will implemented and also think first of what government need to produce law than this BTC

Carlsen

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I think that we are heading towards a cashless society.
One possible option how that is going to happen is that banks somehow adapt the blockchain technology.
Of course there will be no miners like we know them in bitcoin. Just some kind of list that contains all the transactions.
And that list would be without public access.

BingoDog

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Many central banks are considerin decision to use blockchain technology, some are already testing it. Probably some of them would like to use their own currency but would that be profitable? I think profit is still the top interest of banks so they wouldn't spend their money for nothing and therefore better solution is to embrace bitcoin. To my opinion that is not impossible.

Karimeen

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The government Of different countries has to study the in and out of the cryptocurrency and to compare with their current economy if it is matching with their financial policies and they can gradually introduce like
the pentagon of America has studied the blockchain and they are convinced to introduce for their defence computer system.

kier010

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well the governments can adopt to it but i think they will find a way to put tax to it. if they can't gain from it then they won't adopt it

jatin729

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Yes I think Governments can adopt blockchain because it is faster and secure. governments want to start own crypto currency individually than it is obvious that crypto will work on blockchain.

leonair

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Quote from: jonathan6655321 on September 17, 2017, 07:51:15 PM

i wonder
do you think governments can adopt the blockchain using they own currency?

It seems a great idea but a hard one too because I think it is a new whole tons of work that you need to get all distributed local Fiat money in able to register it under a provisions of a block chain technology. I think a regulated block chain Fiat technology is great because you can trace the money to wherever it goes and if this will happen in the future it will lessen the criminal activities in involving physical moneys.

franky1

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the OP and others above need to look at hyperledger.. seems the bscartel are stalling bitcoin while letting HL gain ground...

xaviervilla

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Quote from: jonathan6655321 on September 17, 2017, 07:51:15 PM

i wonder
do you think governments can adopt the blockchain using they own currency?

If you are talking about fiat money being used the way crypto currencies are used, then yes it is possible if they choose to but i doubt they would actually do. And if they do, they would only use part of it just to make using fiat more easy with great varieties.

And if you mean adapt to build their own crypto currency, then it is possible. Because they have lots of coins to study about and can learn from them. Specially bitcoin. But again., if they do., they would make it a cryoto currency that would be taxable and trackable.

Flor1982

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Quote from: jonathan6655321 on September 17, 2017, 07:51:15 PM

i wonder
do you think governments can adopt the blockchain using they own currency?

I have read an article from the twitter tweet that USA pentagon are planning to adopt the block chain technology but not for fiat use but for their computer defense system because they are convinced that the blockchain system is reliable and strong after the Aug 1 fork event. So if this will happen then another achievement for bitcoin.

jonathan6655321

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i wonder
do you think governments can adopt the blockchain using they own currency?

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