Governments are developing blockchain technology. I do not think governments will want to use bitcoins, but they will be moving money using their own coins.
They can try to create their own coins if it is as bad as their fiat, then bitcoin will keep on growing people are not going to buy into their promises once again when they have shown they are not to be trusted, that is the beauty of bitcoin, it is trustless. 
Topic: Government & Bitcoin - page 31. (Read 70830 times)
Good question, I think that we should watch more for NEM(XEM) today 20/09/17 CEO of NEM had an meeting with mayor of Lithuanian city Vilnius. So he makes new steps that is very good information.So now If he succeed in negotiations we wil have propably first wider cooperation of the goverment and blockchain technology from NEM. Reentering the topic, If one country(i'm not sure if lithuenia isn't too small) accept blockchain officialy other countries will copy by doing the same steps and we will have global acceptance for the blockchain technologies.
It is good topic to start with. Regardless of who is in government offices as long as the demand of bitcoin on its jurisdiction is high. Every country has to make a move to satisfied the needs and must protect its citizens to any that may harm of stolen they're savings like this investments. That's why government official must be open eyes and ears to look for ways and hear what the people want.
Government like the idea of controlling things before bitcoin. Yet bitcoin is changing everything for good, from how the government used to control things to how now people can control their money/asset. Bitcoin put people in control, and that is what government hate. 
If you say the government gains nothing from all these, then you’re saying it wrong. Okay, let’s say you’re mining Bitcoin, and at the end of the month you pay your bills- tell me, who are you paying the bills to, isn’t it government that you’re paying all those to? No matter what, they always have their own ways of gaining from all these developments.
Exactly. The government will always have some gains with Bitcoin and other cryptocurrencies, via the bills you pay in your everyday life. No matter if you buy mining hardware at a store, you'll pay taxes for it. And if you earn capital gains with trading, you'll also need to pay for taxes. So, in the end it will be a win-win for the government and Bitcoin as people will support them both with their hard earned money and mining equipment.
However, the moment every government in the world starts banning Bitcoin, will be such where the pioneer cryptocurrency may fail due to the restrictions for anyone to support it. But as long as there is a single government supporting Bitcoin, then nothing should go wrong with its future. Just my opinion
in my country still not accepted bitcoin, they not believe in bitcoin
To my opinion governments are not the worst enemies of Bitcoin. Many of them are willing to accept the blockchain technology, which is of course not the same, but some governments together with central banks are also testing the use and possibilities of Bitcoin. In some due time I think many governments will regulate the Bitcoin and thus also recgonize it. And we don't have to be afraid of that.
No,world governments have already started to pay attention towards the marvelous technology block chain.Dubai is getting ready to soon make all of its governments sectors to be made to work on block chain technology.Governments have realized that using block chain system would reduce time,make the work ease and keep the data secure.Even the legalization of bitcoin by most governments shows that they have started realizing that bitcoin could not be avoided any more and they know very well that if they avoid it,then they would have to be left alone from the main stream of development.
Governments are already aware of the blockchain technology and they acknowledge the potential that it holds and how it is going to affect and change the existing banking and financial system. But they are not ready to use bitcoin being something they have no control over. I'm sure they already have something in plan to utilize blockchain but as i said what they want is to have something that can exist alongside their system.
Yeah, for now it's really hard for them to use that blockchain technology. Lets say if they are going to implant it to the bank, are people ready for that? Still so many countries still need to know more about bitcoins if they really want to make this blockchain technology really useful. They haven't ready for bitcoins to become one of our currency and they can't even control the movement of bitcoin due to lacking so much information. May be it will be 5-10 years more this bitcoins will be used worldwide
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Damaging interest prices have already been rolled out in Denmark and Switzerland, which are the two practically cashless societies.Some argue that this gives the authorities (financial institutions) a increased diploma of control given that, with no cash, bank runs are not possible
If you say the government gains nothing from all these, then you’re saying it wrong. Okay, let’s say you’re mining Bitcoin, and at the end of the month you pay your bills- tell me, who are you paying the bills to, isn’t it government that you’re paying all those to? No matter what, they always have their own ways of gaining from all these developments.I agree with your prespective about this dude and i think governments like japan and australia are seeing the potential of this as well. Im not really sure about china, considering they have probably the largest btc community. It seems the government there doesn't want anything they can't control
maybe we can forget china for a while as they have many plan with crypto currency especially in ico. i think actually many government is interested with bitcoin but they don't want to show to public and they better to reseach by secretly. but for japan which is approve bitcoin, the government giving support to the community and i think there will be more local shop accepting bitcoin as payment soon.
Damaging interest prices have already been rolled out in Denmark and Switzerland, which are the two practically cashless societies.Some argue that this gives the authorities (financial institutions) a increased diploma of control given that, with no cash, bank runs are not possible
If you say the government gains nothing from all these, then you’re saying it wrong. Okay, let’s say you’re mining Bitcoin, and at the end of the month you pay your bills- tell me, who are you paying the bills to, isn’t it government that you’re paying all those to? No matter what, they always have their own ways of gaining from all these developments.I agree with your prespective about this dude and i think governments like japan and australia are seeing the potential of this as well. Im not really sure about china, considering they have probably the largest btc community. It seems the government there doesn't want anything they can't control
Damaging interest prices have already been rolled out in Denmark and Switzerland, which are the two practically cashless societies.Some argue that this gives the authorities (financial institutions) a increased diploma of control given that, with no cash, bank runs are not possible
If you say the government gains nothing from all these, then you’re saying it wrong. Okay, let’s say you’re mining Bitcoin, and at the end of the month you pay your bills- tell me, who are you paying the bills to, isn’t it government that you’re paying all those to? No matter what, they always have their own ways of gaining from all these developments. With the way things are going, governments cannot sit on the fence for long and sooner or later, it will happen that they will be force to an action whether to support bitcoin of go against it with full force. Either way, when it happened, its going to be a landmark for bitcoin whether to the positive or the negative. Let us all hope for the best to come.
Governments soon have to take an action either to support bitcoins fully or go against them but we know there are two blocks in the world who are antagonist and I believe if China has banned bitcoins, America is going to support them. In short bitcoins are never going to disappear forever. Yes I agree that it's extremely difficult for the govenment to intervene, but the most certain cases that government will not hesitate to implement strict regulations in it is; both btc community and government system will be integrated. With that idea, that would be a great development for digital currency and no wonder people will amazingly adopt the system in the future.
Completely true. The contribution of governments towards the growth of Bitcoin, will help it become closer towards mainstream adoption. However, if governments decide to apply too much regulation for Bitcoin, then it will greatly limit the pioneer cryptocurrency's growth and usage within that region. Therefore, as long as governments decide to support Bitcoin, the digital currency will continue to rise in user adoption.
Things aside, it would be wise for Bitcoin to become traded on decentralized exchanges to reduce government's control over its trading. What has happened with China lately, which banned Bitcoin exchanges shows us the flaws underlying current centralized trading platforms.
Nevertheless, it will only be a matter of time before governments either join the cause towards the growth of Bitcoin and other cryptocurrencies, or be left behind. Just my opinion.
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.
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.
Governments will try and form competition. It will be through the blockchain, as they will create private ones with DLT. All nonsense and a waste of time. They should just buy BTC now.
Governments are developing blockchain technology. I do not think governments will want to use bitcoins, but they will be moving money using their own coins.
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.
For sure the government have already try and make ways to adapt bitcoin usage because they have already recognized its benefits and have seen that a massive nunber of bitcoin users are present within their own state or country. They have already make ways to operate bitcoin usage to come along with the rise of the demands of the consumers. For sure they have already understand how bitcoin is working seems it was not that complicated to do. 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.
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.
How are they going to manage people the trading of a currency that is not owned by anyone and that exists everywhere? This is going to be their greatest challenge as bitcoin become even more powerful as adoption keeps growing, I think bitcoin is going to be the challenge of the century for governments and I think they are slowly realizing that. 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.
Damaging interest prices have already been rolled out in Denmark and Switzerland, which are the two practically cashless societies.Some argue that this gives the authorities (financial institutions) a increased diploma of control given that, with no cash, bank runs are not possible
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.
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.
The government will soon adopt some of these innovations but to expect for it to be the prime mover I think that is not really the rule of the government...it is the private sector that should be at the forefront of new innovations. Individuals or groups of people can be the bringer of new catalysts for development and the government should only be supporting them. This is the American way of doing things...they are not waiting for the government to do it for them...of course because of the idea of entitlement this kind of culture is already eroding.
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