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.
The government will only accept the bitcoin as a currency that can use in daily payment. The government can't control the bitcoin because we all know that the bitcoin is decentralized. 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.
And if that will happen, the essence of bitcoin will be worthless. The anonymity and being decentralized will be just the history. I think government should be hands off to this. Like yeah they can legal it but the features will be present and will be the same. We always see that when a country legalized bitcoin it is another milestone in bitcoin community but the benefit of the people will not be compromise.
