I just read a news about German government adopting blockchain strategy, Will this have a huge impact on bitcoin and do you think other countries will follow
It may have some impact, but it won't be that significant. Blockchain technology refers to the ideology of having series of blocks to store data, not the bitcoin and cryptocurrency itself. They may use it to store documents and government transactions, but not in creating a cryptocurrency platform. Or they may make their own cryptocurrency. Either way, it's good to see continuous adoption in different sectors in the society. 
Topic: German Government adopting blockchain strategy (Read 562 times)
Yes, although it wasn't bitcoin itself that was adopted but when people mention blockchain technology the first thing that comes to mind is bitcoin.
I saw that 2 weeks ago as well and was quite impressed at their plans, and their take towards Libra, it seems to be going in the direction that we all want countries to be taking and Germany being public about this is a great sign for things to come.Another nation to adopt blockchain will have a huge impact to all the crypto users as it will help us to grow bigger and bigger even if we are doing it one step at a time.
Other countries will surely think it over and over before they are going to follow it, if they can gain something from it then there is no reason for them that they will not adopt it.
You're right, they will surely accept it if they can get benefits from it. If it can be beneficial to the both country and people, but there is no still assurance that they are going to support or acquired it. People have different mindset and perspective, maybe its possible but it will be difficult because most of them don't have enough understanding about crypto.Other countries will surely think it over and over before they are going to follow it, if they can gain something from it then there is no reason for them that they will not adopt it.
The one problem I do have is that they will probably build systems that themselves will have 100 percent control over, which goes against decentralization, but I wouldn't expect any country to just give away their power.
Yes, although it wasn't bitcoin itself that was adopted but when people mention blockchain technology the first thing that comes to mind is bitcoin.
I saw that 2 weeks ago as well and was quite impressed at their plans, and their take towards Libra, it seems to be going in the direction that we all want countries to be taking and Germany being public about this is a great sign for things to come.Another nation to adopt blockchain will have a huge impact to all the crypto users as it will help us to grow bigger and bigger even if we are doing it one step at a time.
Other countries will surely think it over and over before they are going to follow it, if they can gain something from it then there is no reason for them that they will not adopt it.
You're right, they will surely accept it if they can get benefits from it. If it can be beneficial to the both country and people, but there is no still assurance that they are going to support or acquired it. People have different mindset and perspective, maybe its possible but it will be difficult because most of them don't have enough understanding about crypto.Other countries will surely think it over and over before they are going to follow it, if they can gain something from it then there is no reason for them that they will not adopt it.
The one problem I do have is that they will probably build systems that themselves will have 100 percent control over, which goes against decentralization, but I wouldn't expect any country to just give away their power.
I just read a news about German government adopting blockchain strategy, Will this have a huge impact on bitcoin and do you think other countries will follow
In no distant time others countries will see how Germany benefited in adoption of blockchain technology however I don't see how it affects the price of bitcoin of lately, the price of bitcoin had remain stable in the couples of days ago, personally greater future await any country that adopt this faultless technology of course they (Germany) are using this technology as a solution to some their challenges.It was so good reading how blockchain technology can impact greatly to the development of such country like Germany, right now, we can see that more and more country are now adopting the benefits of cryptocurrency and the blockchain to their financial freedom. Though, not all blockchain technology might be successful, they can add a curriculum to their education section to better expand their capability to develop their own systems.
I just read a news about German government adopting blockchain strategy, Will this have a huge impact on bitcoin and do you think other countries will follow
In no distant time others countries will see how Germany benefited in adoption of blockchain technology however I don't see how it affects the price of bitcoin of lately, the price of bitcoin had remain stable in the couples of days ago, personally greater future await any country that adopt this faultless technology of course they (Germany) are using this technology as a solution to some their challenges. I just read a news about German government adopting blockchain strategy, Will this have a huge impact on bitcoin and do you think other countries will follow
I think you are now proposing a new topic concerning the government adoption to cryptocurrency. Well, for me, it is not the government that will mainly dictates that civilians should use cryptocurrency, what they can do is to support people in using cryptocurrency. We still have the huge part in promoting adoption to crypto and government is our support in order to attract. In this regard, if government will do much of their part, then the fiats might be replaced.
Adoption of blockchain is different from Cryptocurrency approval. The blockchain can be use in several sectors other than finance department. Proposal for voting has been a major matter of discuss.
Germany adopting blockchain strategy will never have direct impact on bitcoin . but when government and banking sector adopt blockchain is the fulfillment of Satoshi vision. Countries adopting digital currency will help crypto trading to be more easy and accessible.. I will be happy to get link of your story to read more about it..
We still far from this scenario, but at least with the Germany adopting the block chain technology is one step ahead towards satoshi's vision. We still don't see how the other bank sector will adopt block chain today. but if we see more countries are following the footstep of Germany, the bank sector in the world will leave no choice regarding this matter and that's when the time we will see a massive impact on bitcoin price. maybe some other countries at that time will also make bitcoin as one of their national currency and so the other altcoins as well.
No my friend, Satoshi's vision was never for governments to develop their own Blockchain based technologies as a competitor to Bitcoin. You have to understand the difference between Bitcoin and all these so-called Blockchain based technologies for you to grasp the impact of this.
The German government will hire their own software developers to create a whole new Blockchain based technology to implement their projects, so it will not have a positive affect or even a negative affect on Bitcoin, if it is not used as a currency.
It would have been better, if they used Bitcoin, but we know these governments wants 100% control and that is why it will never happen.
If Germany and other countries are trying to adopt blockchain technology then it would not bring any positive impact on the Bitcoin and cryptocurrency platform, Because we are using a different cryptocurrency platform and they are trying to adopt also Blockchain system which is solely for their own business, They could build own cryptocurrency which transaction is fully recorded and also they could use Blockchain system for their very own purpose, Blockchain system is getting accepted around the world in recent time but it doesn't mean that Bitcoin and Altcoin is also included here, I don't think so, Until this platform will not get permitted or regulated, it will remain same but people are getting adopted Blockchain system day by day.
Germany adopting blockchain strategy will never have direct impact on bitcoin . but when government and banking sector adopt blockchain is the fulfillment of Satoshi vision. Countries adopting digital currency will help crypto trading to be more easy and accessible.. I will be happy to get link of your story to read more about it..
We still far from this scenario, but at least with the Germany adopting the block chain technology is one step ahead towards satoshi's vision. We still don't see how the other bank sector will adopt block chain today. but if we see more countries are following the footstep of Germany, the bank sector in the world will leave no choice regarding this matter and that's when the time we will see a massive impact on bitcoin price. maybe some other countries at that time will also make bitcoin as one of their national currency and so the other altcoins as well.
germany is the first to have adopted bitcoin just like japan as they say.
government adopting blockchain doesn't mean they are into cryptocurrency, it could mean they are developing blockchain for the good use in the current system like the government ID. that's a good use for blockchain but i don't think bitcoin users are going to like what they are going to come up when its blockchain itself is going to monitor wealth of bitcoin users.
I just read a news about German government adopting blockchain strategy, Will this have a huge impact on bitcoin and do you think other countries will follow
Germany is is always open for technology that may help their economy grows and seeing this with blockchain will open a new perspective in their nearby country,though the effect in crypto market is smaller but having a opening from the other country to think and adopt blockchain as well will bring huge impact in future.this will count as advantage for cryptocurrencies to be adopted as well since the technology behind this is starting to be accepted
Not only Germany but most of the countries that are not against Bitcoin currency are adopting the Blockchain technology like the USA. In which the most famous is the adoptarion of US Pentagon due to Blockchain is proven most secured and proven fast processing system that is why they considered it a safe technology.
I just read a news about German government adopting blockchain strategy, Will this have a huge impact on bitcoin and do you think other countries will follow
Any adoption news regarding governments having plans to adopt bitcoin and blockchain into their financial ecosystem has always a great impact on the crypto space. It is great news that the German government is adopting blockchain plans and strategy.
Blockchain is being use for cryptocurrency however, adopting blockchain doesn't necessarily mean bitcoin. The government of Germany planning to adopt blockchain technology as they see it as great innovation for their system. Blockchain technology can also be use in various field, not only in crypto and that's why it's a great development for a country, especially if they're aiming to be one of the country with best technology around the world.
If a certain country would adopt blockchain, don't think they'll adopt bitcoin or other coins as well since it's decentralized. A government want something they can control. Perhaps they will make their own currency. So don't expect that this adoption of Germany will give huge impact to bitcoin.
If a certain country would adopt blockchain, don't think they'll adopt bitcoin or other coins as well since it's decentralized. A government want something they can control. Perhaps they will make their own currency. So don't expect that this adoption of Germany will give huge impact to bitcoin.
I just read a news about German government adopting blockchain strategy, Will this have a huge impact on bitcoin and do you think other countries will follow
Of course, not just Germany but many countries are now trying to adopt blockchain technology because it has a huge potential and may have a big impact on the future. But I don't think that would have any impact on bitcoin as bitcoin and blockchain are different technologies.
Germany adopting blockchain strategy will never have direct impact on bitcoin . but when government and banking sector adopt blockchain is the fulfillment of Satoshi vision. Countries adopting digital currency will help crypto trading to be more easy and accessible.. I will be happy to get link of your story to read more about it..
I just read a news about German government adopting blockchain strategy, Will this have a huge impact on bitcoin and do you think other countries will follow
European countries are very supportive to cryptocurrency and Germany has a good economic system that keeps them ahead of the others, maybe this is the start for them to grow more. Other countries will follow, its the only way going up and hopefully my own country will make something new to support bitcoin. 
I advise you to share a link when you post news like that. German government wants to make the country a leading technology location. So, they adopt Blockchain technology but they are not saying anything about Bitcoin.
I just read a news about German government adopting blockchain strategy, Will this have a huge impact on bitcoin and do you think other countries will follow
I generally don’t know a state that would not recognize the revolutionism and perspective of the blockchain. States may not recognize, support, or even prohibit cryptocurrencies, but everyone will recognize blockchain technology. Germany has long been positive about cryptocurrencies, so it could not fail to evaluate the impact of blockchain earlier. Jump to: