Topic: Governements Projects and Futur of the Bitcoin Revolution. (Read 292 times)

I think that governments also continues to learn the benefits of bitcoin (and crypto ) and how to make profit from it.
For example,  in my country,  Croatia,  state owned Croatian post started pilot project, crypto exchange in the local post offices in Zadar.
They plan to eventually offer such service to all main post offices in Croatia.
Of course people still can’t use crypto for payment but they can exchange crypto funds to fiat and than pay for services in the post office.
It's great step for mass adoption of crypto in Croatia.
Out government is very positive and open toward crypto. 

Since the presence of Bitcoin, until now the government continues to learn the benefits of Blockchain technology even though Bitcoin itself is not legalized as a means of payment. Many governments think positively about the benefits of Blockchain for their financial industry. manipulation to destroy Bitcoin itself comes not only from the government I guess, as we know the bad news made by global elites who are not  unrelated in government also has the effect of damaging the image of Bitcoin

yes indeed the government and their politicians really want it so that they can control cryptocurrency like bitcoin so they can collect taxes on its users and no wonder now many governments want to make their own crypto accessible to the tax center so that it gets huge profits for those who are corrupt.
in my opinion they can't destroy bitcoin that easily because only satoshi can stop all that.

The beautiful thing about Bitcoin that many cant understand is Bitcoin does not need a government or culture-guru permission.
No one country can create a globally distributed, trustless, permission bitcoin fascimile.
No globalist bankster crooks can stop you from p2p bitcoin transactions.

They want to control transactions and control cash flow around the world.  Bitcoin was born free and from the outset respects user privacy, respecting the nature of this currency is anonymous.  The government wants to create an environment that can control cash flow, they create the foundation and set rules to force users to use awn crypto.  China is doing that, it has created its own social media and online commerce channel.  Next they will create their own crypto.

They aren't really trying to destroy crypto-currencies and bitcoin using other technology, instead, I think they are trying to phase it out with blockchain technology and basically use that technology to make cryptocurrencies redundant.

Think about it, who is going to want to use bitcoin, unless they are very invested and interested in crypto-currencies if the governments don't even support it, and they are other options that use a lot of it's features.

Crypto is not officially accepted anywhere and chances are that it wont be accepted officially in nearby future. The form in which CC is accepted by government is not accepted by the community.
As long as BTC community is there to back it up, nothing can destroy this great innovation.

Digital centralized State issued coins don't behave much different than digital fiat. Think of using your debit card all the time (as we do here) and you get it. The so called "cashless" societies.

There is no reason to believe these are going to be any better than the fiats they are replacing (complement?). It only has the advantages of digital money, but none of cryptocurreny, except maybe the difficulty to counterfeit it (if they use a blockchain with plenty of node distribution, code audit, etc).

In short there is nothing Bitcoin needs to fear, by design those centralized coins are flawed, and are backed by "trust" in people, not code. If anything, without proper community code audit, they are much much weaker, exactly like closed proprietary software is vs Free and Open Source.

it all centers in where are you putting your trust: People or code. People are unreliable, they have the power to destroy you, and you are "trusting" them not to abuse that power. Sounds nice and dandy when you see exemplary countries like the US or EU, what with their so nice managed fiat currencies, but you fail to notice that those coins can be made worthless overnight the same it happened to Zimbabwe and Venezuela, over "some executive decision" (typically the budget fell short to maintain proper corruption levels, they order printing).

My country issued one of those, and they recently "increased" the amount of "oil barrels" backing it. How many coins are there? You can't tell. Has anyone actually been given an actual oil barrel in exchange? Its not possible. This isn't that different from buying bonds, all you get is a flimsy pledge that can become null overnight (say, after a government change).

Or someone selling paper "equivalent" to Tulips. Nope, its not the actual tulip you are buying, just a "paper" that "says" somebody would be willing to exchange it for the actual thing, when in fact, you can't (and no one can't ever correlate the amount of papers to the amount of Tulips, until its too late and obvious). I have zero trust to coins "backed" on anything, especially other coins (pegging). You say nothing backs up Bitcoin? Yes, its backed in trust, to its code, that can't be changed so easily. The same can't be said about State issued fiat currency, it can be changed without warning overnight, and usually over the weekend...

The only way a State government can get any credibility, is when they adopt Bitcoin itself. To that, Japan has the most merit, since you can pay and be paid legally in bitcoin over there. Now the harder part is convincing the employers to do it, but at least the gov is out of the way. Employers do have a hidden advantage in using fiat. See, as all fiats lose value over time, if the employer keeps the wage the same, it means every year he/she is effectively reducing the pay (opposite to whatever the fiat has lost in value, typically at least 2%).

When you use Bitcoin, you are escaping this. Switching to deflationary currency, cannot be understated. And to understand how deflationary economies work, you have to study the Austrian school of economy, the Chicago school is useless (and opposed) to deflation, but it currently dominates the world...

Because none of those fools studied the Austrians, they fear deflation the most, and their bankers friends would have their revenue seriously reduced in a post Chicago world. As with technology, sometimes a change comes that make a long time profitable business obsolete. Banks don't need to disappear, but they won't be as useful anymore, so they are bound to shrink or diversify their source of revenue (Ie. become exchange or lending platform operating under full reserve rules).

To ensure a good future for any generation is to teach them to be opened to any positive any change that can better there life not just bitcoin.
Bitcoin revolution should be a war

That could be true but that's just part of all what government wants since we all want adoption, they may win on that part but once you get out of exchanges, there are project way decentralized that no one ever knew you but a wallet with coins on it. There are markets so decentralize that even if their website is hacked but the software they let us install isn't going to be hacked and that no government can interfere to it.

We have already buried decentralization deep down by the likes of KYC and other exchange policies that were introduced in recent years. Matter of fact, only a handful of people use bitcoin for what is intended to be used for. Most of the others use it for doubling their money and investments. For them, decentralization, anonymity, etc are far fetched topics.

It seems to me that these are the wrong arguments, because the manipulation of the concepts of digital assets and real values ​​begins.  In my opinion, it would be much better to invest in cryptocurrency and gold at the same time, but in order to better understand everything that has already been said about this confrontation, you need to personally determine for yourself what valuable cryptocurrency provides and what valuable gold is, like others  jewelry or values ​​in which a person invests.

Destroying bitcoin is not the only reason for governments to issue their own crypto. They want to tap the blockchain technology to make fiat or government regulated currency competitive with the popular cryptocurrencies. If they were to act against bitcoin, they would have enacted a complete ban over it's mining, trading and use.

How can you be so sure? You're talking like a time traveler, who got here from the future and is trying to help prevent what's happened there.
Yes, some governments are exploring the possibility of making their own national cryptocurrencies. Some, although not the reputable ones, have even tried it out already. And then of course there are projects willing to cooperate with banks and stay regulated, the most famous of which is Ripple. All of that can come and go, but Bitcoin remains #1. And as for the value of decentralization, I think people tend to understand it more and more, as privacy scandals and protests occur more often. We'll be fine.

Governments really didn't pay much attention to bitcoin in the past because it was not that significant and not many people were invested in it, but since 2017 when they saw what it was able to do and how it was able to draw so many people into investing in it when the price got to high values they felt that they were threatened and so they started pulling it down, from strict regulations like banning it and banning exchanges to coming out in the media and talking shit about , anything to give a reason for people not to support it, people need to realize what bitcoin is truly about it, we need to change the vision and the idea painted by the false media and by that and only that we can come out on top, because if there is one thing that is strong and the one thing that has kept bitcoin all these years going is the community and by making it larger and expanding it we will win.

I think in that sometime within the near future the governments and regulators will have implemented some form of Blockchain technology into their economies as well as within their own systems, in order to update old technology and to play catch up with the innovation. I feel that nobody whether individual person, institutional investor, or governmental body wants to be left behind when the technology is here and making things cleaner, more transparent and efficient!

This is quite expected. Blockchain technology is an open-source technology so anybody can have access and use it, including of course the government. Now, just because the government is using blockchain does not mean that Bitcoin can be destroyed, on the other hand it can be enhancing its value because the underlying technology of Bitcoin is being verified to be useful by the government.

There will always be people and organization who are not taking Bitcoin positively and that is quite expected because we are not programmable people and we are living in the society where opposing ideas and opinions are allowed and even encouraged.

Now, if something is really strong and unbreakable - just like what many of us are thinking on Bitcoin - then there is nothing that can hamper and stop Bitcoin and all of these things are just temporary obstacles. Otherwise, if Bitcoin can go down because of these developments, then I would say it is not worth everything we heaped and invest into it. We are in the world where ideas, platforms and projects have to fight it out in the open marketplace and the survivors are the only ones allowed to flourish.

If governments of different countries everywhere begin to introduce their own cryptocurrencies, rather than using Bitcoin, then it will be tested for strength. Will digital gold be able to compete, for example, with the national currency of China or the real digital dollar?

Really it's sad but true, Day by day some countries are trying to create their own blockchain channel which is parallel to the Bitcoin and cryptocurrency platform, I Think cryptocurrency will face a huge crisis in the coming days because it's not accepted anywhere formally yet, So it's a real pressure for becoming established within a competitive world, Day after day new thing is invented around the world with the help of modern science so I am little bit afraid of coming days, Who knows what will happen in the future but we have to be strong so that Cryptocurrency platform will not be destroyed by any means.

Hello i need to tell you what is coming guys This is not 2009 i can understand so i'm going to work for the futur now.

So governements going to create projects using 3 blockchain in 1 like ebay using blockchain and one other projects is going to peg Gold to Bitcoin for make people buy Gold, they are going to manipulate as much as they can for make them buy gold or go ther projects like XRP.

If you want better life for your kids we need to explain everyone what is decentralisation and what is gold purpose and bitcoin revolution, dont let them win this.

They are trying to destroy bitcoin using manipulation or other technology, i mean they invested bitcoin "governements" but when they do everything as they planed they will try to destroy bitcoin.

Be strong mentaly.