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Topic: Government & Bitcoin - page 22. (Read 70853 times)

sr. member
Activity: 833
Merit: 267
November 14, 2017, 04:40:44 PM
I think, most the governments will implement own cryptocurrency and will try to limit use of bitcoin in own country. These are simplest way to prevent expansion of bitcoin but at the same time to use innovation by method, painless for them

I have no doubt in that as the government will try to have their very own version of bitcoin to stop the growth of bitcoin but fail miserable because of the uniqueness of bitcoin as the user has total control over bitcoin which will not be in any crypto currency which government might come up with as they wants to control and loot from people's money which is not the case with bitcoin but lets hope for the best.
legendary
Activity: 896
Merit: 1000
November 14, 2017, 04:23:30 PM
The sharing economy is just going to continue to grow, and governments will be challenged to understand and manage its implications while embracing its benefits. However, governments will be at a significant disadvantage if they wait too long and newer technologies and markets will have already been developed that do not follow traditional models. Think of the following: Uber is the world’s largest taxi service and owns no cars. Airbnb provides lodging yet does not own real estate.

How will local governments adapt to these new ways of doing business that are disrupting traditional business models? All we know now is that governments are a long way from even contemplating and accepting this new reality.
Sd long as there is a worm pie the Government will be interested in it, it's just that at current time there are more important issues in the world so, i guess, they don't have enough time to make regulations for altcoins.
member
Activity: 98
Merit: 10
Best IoT Platform Based on Blockchain
November 14, 2017, 09:36:12 AM
I think that Bitcoin and crypto-coins and will be accepted by governments, it may be use under monetary regulations, same as Uber, e-commerce , Airbnb and other new kind of technology. So some governments could see an opportunity to get gains from it.
full member
Activity: 630
Merit: 103
November 13, 2017, 07:25:43 PM
I think, most the governments will implement own cryptocurrency and will try to limit use of bitcoin in own country. These are simplest way to prevent expansion of bitcoin but at the same time to use innovation by method, painless for them
sr. member
Activity: 686
Merit: 253
November 13, 2017, 06:23:00 PM
Some governments in other country ban bitcoin some are legally regulated in there mother country, my country is legally regulated and it's way more profitable than any other investment site here in my home town. bitcoin can change the world for their economy..

Banning bitcoin isn't something the governments can easily do else they would have initiated that a long time ago. Many bitcoin exchanges are springing up and all these governments do is to ban them or make it difficult for them to operate without necessarily stopping the use of bitcoin all because they can't stop it outright.
full member
Activity: 938
Merit: 108
OrangeFren.com
November 13, 2017, 05:23:21 PM
Some governments in other country ban bitcoin some are legally regulated in there mother country, my country is legally regulated and it's way more profitable than any other investment site here in my home town. bitcoin can change the world for their economy..
sr. member
Activity: 798
Merit: 253
November 13, 2017, 12:40:25 PM
Governments will surely adopt bitcoins if they see potential if it helps to boost the economy but it is difficult to handle because it is cryptocurrency. There is a risk but it can be handle by the government. If the government wants a fast transaction in real-time, the bitcoin is here.
For sure there is no doubt in it because now the bitcoin is able to give the people the bitcoin is the best investment and bitcoin is the best source to increase your profit and the government will make the bitcoin legal with the passage of the time, it is the earning time and the profit will be double if the government will accept the bitcoin so I am hopeful about this bitcoin value.
sr. member
Activity: 364
Merit: 267
November 13, 2017, 07:39:19 AM
Governments will surely adopt bitcoins if they see potential if it helps to boost the economy but it is difficult to handle because it is cryptocurrency. There is a risk but it can be handle by the government. If the government wants a fast transaction in real-time, the bitcoin is here.
Yes its a risk to the government because the price of bitcoin is continuously changing and what government wants is stability. It will be hard for the government to handle bitcoin but anything is possible if they put their mind into it. I think government has no choice but to adapt because the world is changing and sooner or later technology will conquer everything.
full member
Activity: 128
Merit: 100
November 13, 2017, 07:29:34 AM
I think it's getting started now That the government is studying block chain technology. Impossible, as is the case with the government is aware that many block chain users are. Maybe today they've learned how to get them started. I also think that now they are afraid that the traditional currency can be replaced by digital currency. It's only possible if they accept block chain technology do not let the government manipulate it because we all know that abusive government officials will not be lost.
full member
Activity: 280
Merit: 102
November 12, 2017, 07:26:57 PM
Governments will surely adopt bitcoins if they see potential if it helps to boost the economy but it is difficult to handle because it is cryptocurrency. There is a risk but it can be handle by the government. If the government wants a fast transaction in real-time, the bitcoin is here.
sr. member
Activity: 504
Merit: 252
November 12, 2017, 06:25:37 PM
The governments do not have other ways but to adapt. There is no point going against all these new technologies that are after all pro-people and pro-development and pro-progress. If these technologies seem to appear a king of threat to their existence then they better settle with it in a win-win manner. Otherwise, there will be a continuous backlash of interest which will be detrimental to the government either way.
full member
Activity: 1140
Merit: 103
Buzz App - Spin wheel, farm rewards
November 12, 2017, 05:56:26 PM
This is a great deal on banks ang government, they shouldn't have a problem on this.
full member
Activity: 380
Merit: 100
November 12, 2017, 04:37:44 PM
especially governments scared bitcoin and bitcoins power...
sr. member
Activity: 668
Merit: 255
November 12, 2017, 02:42:12 PM
Holding money is also an kind of investment, I don't think it's right time to invest in bitcoin, maybe better take a look on Eth.
member
Activity: 174
Merit: 15
November 12, 2017, 02:35:17 PM
smart goverments are working hard to integrate blockchain technology to their system. and remaining fool goverments who are trying to fight with their shadows trying to ban.

Government and Bitcoin Nowadays bitcoin became more popular after 7years bitcoin has many ways but it won't last long because they are issues and problem you many encounter in bitcoin. In good way bitcoin in smart government they use to solve problem in integrate blockchain technology to split bitcoin in different coin to help they popularity of bitcoin  
hero member
Activity: 966
Merit: 515
One of the world's leading Bitcoin-powered casinos
November 12, 2017, 12:00:59 AM
The sharing economy is just going to continue to grow, and governments will be challenged to understand and manage its implications while embracing its benefits. However, governments will be at a significant disadvantage if they wait too long and newer technologies and markets will have already been developed that do not follow traditional models. Think of the following: Uber is the world’s largest taxi service and owns no cars. Airbnb provides lodging yet does not own real estate.

How will local governments adapt to these new ways of doing business that are disrupting traditional business models? All we know now is that governments are a long way from even contemplating and accepting this new reality.
This is the real truth in the bitcoin and government relations that they are not going to collaborate directly or indirectly Because they are thinking it can harm the economic conditions of the the country because flow of the money from the country to another will be easily but still they are not thinking that the amount of Money also entering in the world otherwise why people will use bitcoin and other cryptocurrency .
Here government of every country who have not gaves the official announcement to use the bitcoin legally with special rules to taxation is necessary .
Because here if we will go with the clear decision and rules then I don't think that any online assets can give any bad impact at the economy of the country .
Here government should make direct contact to make the use of the bitcoin by legalisation and regualtion of the bitcoin and cryptocurrency .
sr. member
Activity: 784
Merit: 251
https://raiser.network
November 11, 2017, 11:12:36 PM
In our country, our central bank has released new guidelines for bitcoin exchanges operating in the country.   They do not intend to endorse any virtual/digital currency, such as bitcoin, as a currency since it is neither issued or guaranteed by a central bank nor backed by any commodity.
It is not intend to endorse but still  they are not closing the door and the opportunity besides bitcoin, they are not yet tolerating us to invest but that doesn't mean that we are not allowed, they were just studying the regulation for the protection of many investors due to a lot of scammers has spread over the country and is using bitcoin as an instrument to scam.
full member
Activity: 420
Merit: 100
November 11, 2017, 11:06:32 PM
Conclusion is that various government agencies, departments have classified bitcoin differently. I heard somewhere that governments may fear bitcoin cause value is determined by users and not central governments.
member
Activity: 102
Merit: 15
November 11, 2017, 10:39:26 PM
In our country, our central bank has released new guidelines for bitcoin exchanges operating in the country.   They do not intend to endorse any virtual/digital currency, such as bitcoin, as a currency since it is neither issued or guaranteed by a central bank nor backed by any commodity.
newbie
Activity: 3
Merit: 0
November 11, 2017, 09:54:40 AM
Summary is that various government agencie, departments have categorized bitcoin in a different way. I heard someplace that governments may fear bitcoin cause value is determined by customers and not main government authorities.s
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