Topic: Does it even matter if governments and banks accept cryptocurrency? - page 7. (Read 2284 times)
October 26, 2018, 07:46:56 PM
If Government and banks accept cryptocurrency will be much better. There will be more security and more reasons for crypto to last longer and stronger. But i think it will take so much time to happen,just hopping.
October 26, 2018, 07:32:59 PM
Government and banks will accept cryptocurrency in near future i think. Its because with cryptocurrency, people can travel using cryptocurrency and dont have to carrying paper money. Its digital world and people will go digital in everything. It will good if government regulate cryptocurrency and banks start receiving cryptocurrency for deposit
October 26, 2018, 06:34:11 PM
I think that you are chosing to interperet goverments "acceptance"in the wrong way , goverments should not are not going to use bitcoin. This is something that is very very unlikely.
Goverments shoould accept btc in such sense that citizens are allowed to use BTC and their economies should be allowed to do so as well without any problems and with regulations , possible a bit different that in usual finance markets.
Goverments shoould accept btc in such sense that citizens are allowed to use BTC and their economies should be allowed to do so as well without any problems and with regulations , possible a bit different that in usual finance markets.
It will matter, Government is the foundation of some countries today, making them trust the crypto currency system will give the users an opportunity to widen the use of it in making the technology and economical growth of the country itself. Banks will be close I think if that happens because in Crypto currency people can control their digital money online including the transactions and other functional details.
October 26, 2018, 04:50:29 PM
Governments and banks can continue to exist without cryptocurrency, but it would be much better if they accepted and used a decentralized cryptocurrency. Most likely, it will be so, especially after a significant part of the states legalize it. Banks will then be cost-effective to provide services in cryptocurrency. True, to what extent, we'll see. But the government is unlikely to use cryptocurrency widely. It may allow its circulation within the country, however, it will not actively support it, since it is generally not interested in it.
October 23, 2018, 07:05:17 PM
Mass acceptance is what cryptocurrency needs and governments and banks accepting crypto is going to help in this regard. Its value will rise which will bring nothing but good.
of course not a problem, even it will help the development of bitcoin become faster, yeah you're right, we need mass adoption so we can more easily use bitcoin for anything like shopping and acceptance from the government and banks will be very helpful for it
October 23, 2018, 06:57:20 PM
If we will recall the very reason why Bitcoin/Crypto was created is to remove the third party, governments and banks, through decentralization. So in this sense, we'd say it doesn't really matter whether or not govs and banks accept crypto. But eventually, govs found a way to have a slight of hand in the system via regulations. Banks on the other hand entered the scene by accepting crypto and/or creating their own currency. Now with all of these happening, it seems these two entities have not been totally removed by decentralization. At present, everything matters.
October 23, 2018, 06:29:06 PM
Yes it does matter if governments and banks starts accepting cryptocurrency because it will open the gate to many other people to join the crypto community and start investing in cryptocurrencies.
It is always better for bitcoin to be regulated and accepted rather than being banned. The bigger the community is the wider the adoption will follow.
When many people starts using cryptocurrencies, more money will flow into crypto and the coins will get widely distributed thus the value of coins will get increased.
It is always better for bitcoin to be regulated and accepted rather than being banned. The bigger the community is the wider the adoption will follow.
When many people starts using cryptocurrencies, more money will flow into crypto and the coins will get widely distributed thus the value of coins will get increased.
Yeah it's better to set regulations for bitcoin rather than banned. Governments need regulations to monitor the transactions and to identify if it's illegal or not. This is important for every government. Without regulation, it will be a difficult job to control these illegal jobs.
October 23, 2018, 02:38:08 PM
Thinking in long term aspect, governments and banks accepting cryptocurrency could change the whole world. The mainstream acceptance is only possible if banks and governments accepts cryptocurrency.
October 23, 2018, 06:13:12 PM
There is buzz about the prospective of governments and banks accepting crypto or creating their own for its mass acceptance.
I don't think this is even worth acknowledging, as all of the present and future innovations are going to come from the private sector. Governments are just responsible for damage control, do a God-awful job for the most part and have never achieved true democracy.
In the past, people relied on governments and banks not because they're "governments" or "banks," but because they provided security.
Once AI, blockchain, and improved means to use crypto provide even better security than governments and banks ever could, whatever they do will be irrelevant.
I don't think this is even worth acknowledging, as all of the present and future innovations are going to come from the private sector. Governments are just responsible for damage control, do a God-awful job for the most part and have never achieved true democracy.
In the past, people relied on governments and banks not because they're "governments" or "banks," but because they provided security.
Once AI, blockchain, and improved means to use crypto provide even better security than governments and banks ever could, whatever they do will be irrelevant.
Yes it does. Government acceptance in cryptocurrency is a big impact in the industry of cryptocurrencg because it alloweding some transcation of Bitcoin and other cryptocurrency legally and it is a great improvenment also in their market economy. If Banks accepted Crypto then it is a great collaboration or partnership they will do to do a better transactions to the people and it will gonna be convenient also.
October 23, 2018, 04:24:18 PM
I think that you are chosing to interperet goverments "acceptance"in the wrong way , goverments should not are not going to use bitcoin. This is something that is very very unlikely.
Goverments shoould accept btc in such sense that citizens are allowed to use BTC and their economies should be allowed to do so as well without any problems and with regulations , possible a bit different that in usual finance markets.
Goverments shoould accept btc in such sense that citizens are allowed to use BTC and their economies should be allowed to do so as well without any problems and with regulations , possible a bit different that in usual finance markets.
October 23, 2018, 02:39:31 PM
Mass acceptance is what cryptocurrency needs and governments and banks accepting crypto is going to help in this regard. Its value will rise which will bring nothing but good.
October 23, 2018, 02:38:54 PM
It is certainly necessary that government and banks recognise bitcoin as a viable payment method. This is fundamental for bitcoin' global establishment.
October 23, 2018, 02:38:34 PM
In my opinion it is kind of a compulsory that banks and specially governments accept cryptocurrency. Without the approval it will be harder to attract big industries in the world of cryptocurrency.
October 22, 2018, 04:07:25 PM
There is buzz about the prospective of governments and banks accepting crypto or creating their own for its mass acceptance.
I don't think this is even worth acknowledging, as all of the present and future innovations are going to come from the private sector. Governments are just responsible for damage control, do a God-awful job for the most part and have never achieved true democracy.
In the past, people relied on governments and banks not because they're "governments" or "banks," but because they provided security.
Once AI, blockchain, and improved means to use crypto provide even better security than governments and banks ever could, whatever they do will be irrelevant.
I don't think this is even worth acknowledging, as all of the present and future innovations are going to come from the private sector. Governments are just responsible for damage control, do a God-awful job for the most part and have never achieved true democracy.
In the past, people relied on governments and banks not because they're "governments" or "banks," but because they provided security.
Once AI, blockchain, and improved means to use crypto provide even better security than governments and banks ever could, whatever they do will be irrelevant.
It does matter for several reasons. One, the narrative would change drastically. What would have taken maybe 10 years turnround period would take less than one year. For close to a decade, its still becoming so hard to separate crypto successfully from crime and other vices that it has been attached with but with government coming on board with acceptance, before one year, this would have been a thing of the past. Another is the massive adoption that would follow. With government and its access to machineries when deployed would go along way in ensuring that the adoption gets to the innermost part of the citizens.
October 22, 2018, 02:24:53 PM
For non informed minds, governments and banks accepting cryptocurrency will give the crypto the much needed credibility and many newbies will adopts and use bitcoin. I call them non informed minds because they are not yet educated on blockchain and what it can do for the world of business and other human en devours. They do not know what AI and other improvements on blockchain can do for the safety and credibility of the blockchain. So let government go ahead to create or adopts their own crypto or adopts the existing ones it will surely help to increase that awareness and adoption of cryptocurrency.
October 22, 2018, 02:17:32 PM
There is buzz about the prospective of governments and banks accepting crypto or creating their own for its mass acceptance.
I don't think this is even worth acknowledging, as all of the present and future innovations are going to come from the private sector. Governments are just responsible for damage control, do a God-awful job for the most part and have never achieved true democracy.
In the past, people relied on governments and banks not because they're "governments" or "banks," but because they provided security.
Once AI, blockchain, and improved means to use crypto provide even better security than governments and banks ever could, whatever they do will be irrelevant.
Acceptance is not a big problem. But i think the governments have enough power to get against Bitcoin. Can you imagine what would happen if they decide that all exchanges are unlawful? or obtaining of Bitcoin is a crime. Bitcoin will still be there, but i can guarantee you that its image will be terrible. I think if they wanted to ruin cryptocurrency, they could have ruined it. I don't think this is even worth acknowledging, as all of the present and future innovations are going to come from the private sector. Governments are just responsible for damage control, do a God-awful job for the most part and have never achieved true democracy.
In the past, people relied on governments and banks not because they're "governments" or "banks," but because they provided security.
Once AI, blockchain, and improved means to use crypto provide even better security than governments and banks ever could, whatever they do will be irrelevant.
October 22, 2018, 02:06:17 PM
Once AI, blockchain, and improved means to use crypto provide even better security than governments and banks ever could, whatever they do will be irrelevant.
Why so? Do you think it's easy to topple governments just because AI and blockchain is taking over? I don't think so. We only need the governments and banks approval because they run the whole economic scene; their approval is somewhat valuable if we want to continue using bitcoin and other related services connected to cryptocurrencies without any restrictions and unfair limitations. They don't necessarily need to integrate bitcoin and cryptocurrencies in their infrastructure, but having them approve the existence, trade and exchange of bitcoins and other cryptocurrencies is a huge plus for the confidence of the masses who would want to try it out.
In addition, don't forget about fraudsters in the cryptoworld who steal money from our addresses. Government regulation and the elimination of anonymity could complicate these actions for fraudsters.
October 22, 2018, 01:17:05 PM
In general, the fact of its recognition and adoption by the government and the state is of great importance for cryptocurrency. Without such recognition, that is, the actual legalization of cryptocurrency by the state, the cryptocurrency will not be able to develop, since the infrastructure under its circulation as a currency will not be created.
Non-recognition of cryptocurrency by banks is no longer so terrible for cryptocurrency, since this deficiency can always be replaced by other international exchanges and exchangers. However, after legalization of cryptocurrency by the state, banks themselves will be interested in providing some services in cryptocurrency. Therefore, it is not worth worrying about banks.
Non-recognition of cryptocurrency by banks is no longer so terrible for cryptocurrency, since this deficiency can always be replaced by other international exchanges and exchangers. However, after legalization of cryptocurrency by the state, banks themselves will be interested in providing some services in cryptocurrency. Therefore, it is not worth worrying about banks.
October 22, 2018, 12:43:49 PM
In a way it does, because once the government acknowledges cryptocurrency, then it might attract more people to use cryptocurrencies. That said, I don't get it. What does AI have to do with the government and banks accepting cryptocurrency? How will the blockchain technology even benefit from AI?
October 22, 2018, 12:05:26 PM
the cryptocurrencies market needs a mass adoption to become stronger.this adoption will not come without the governments adoption ,this adoption will drive to issue the legalistic regulations for cryptocurrencies market since this market still unable to regulate itself . from my own sight : regulation absence = the masses adoption absence !!
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