How big is the role of the government in the development of Bitcoin?

imstillthebest

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Quote from: Innerpumper on June 06, 2019, 12:56:16 AM

very big, with regulate from government bitcoin will make easy get trust to people in many contry so, if government will announcement bitcoin are legal., bitcoin price will grow up

The price of bitcoin did already grow that is because many government already announce bitcoin as a kind of legal currency but i think they did not regulate bitcoin yet .

your right that if bitcoin will be regulated i think its value can grow more but how can they do it when bitcoin had a decentralized nature ? I though its uncontrollable ? Anyways , bitcoin can still grow more on its own and govenrment acceptance is already enough .

Innerpumper

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very big, with regulate from government bitcoin will make easy get trust to people in many contry so, if government will announcement bitcoin are legal., bitcoin price will grow up

zee11225

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Quote from: FUD Expert on May 27, 2019, 01:15:51 AM

I think the fitting word is acceptance. Bitcoin is already developed and they just need some tweaks or improvement that will make it more suitable for ordinary consumers. If they want to work together with btc one day, then I think that will hasten those improvements and that is the huge role that the government will fill.

There is no government role in developing Bitcoin, because bitcoin is an ecosystem that runs anywhere using the internet. The government cannot make changes to bitcoin technology.
However, governments everywhere will protect their country from the adverse effects of bitcoin or will find a loophole to benefit from bitcoin. Because bitcoin cannot be stopped, it is better to find a solution so that the existence of bitcoin benefits the government.

nicko122

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Of course, the government plays a very important role in the development of Bitcoin and other cryptocurrencies. It is important how the government of a country treats cryptocurrency, positively or negatively. This will affect the popularity of currencies within the country.

jjbanks994

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I also agree and think that the government will have to play at least some role in the acceptance and adoption of crypto. Whether that is them outright talking about accepting crypto but also their involvement in the protection of funds. There are even third party companies like ciphertrace that have experience and ties to the SEC. I think these pro-crypto companies that the government trusts are going to play a huge role in acceptance

LUCKMCFLY

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So far no government has done it, and the main reason is understandable, for them volatility is not their friend, they prefer stable stocks, prefer to invest in insurance, and in case they decide to invest in bitcoin, they would do it anonymous form, because if a government announces that it will invest in bitcoin, it is obvious that many sellers will go out and sell them very expensive, and they will wait until they buy as many as possible so that prices go back down and buy back, because that is what everyone would do the bitcoin traders and the whales, bringing as a consequence a high loss for the buyer government.

Besides, the economists and advisers of a government will never allow such an adoption, since they did not prepare themselves in their studies to be in a speculative market, where the volatility is enormous, due to this, I think it is the safest for governments to invest in gold, gold shares or direct purchase of gold bullion, since it is the surest way to obtain excellent profits and to have liquidity, profitability and safe actions.

That is why many countries prefer to buy gold, gold shares, because the support they would have at the time of a fall in the world economy would be excellent, they could easily be lifted.

traderethereum

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I don't know how big the role of the government in the development of bitcoin because the government never tell the public about that.
Maybe the government taking a big role because they can easily build a secret project and running that project without anybody knows.
With all of their resources, I am sure the government can do whatever they want, they can invite high-skills programmer to join with them, they can have unlimited funds from other sources, and else.
And related to the acceptance of bitcoin in one country, of course, if the government accept bitcoin as a new payment model, it will give a chance for bitcoin to spread with fast in public and people will know about bitcoin, they will learn more about bitcoin too.

gipsongos2

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It has long been necessary to come to an agreement that cryptocurrencies should be given official status. Because it makes no sense to stop the process of creating new settlement systems that is already running. Yes, now few are ready to buy cryptocurrency. But people's interest is growing, needs too. If any government is ready to come to a legislative settlement of this issue, then other European countries may soon follow their example.

there are so many cool projects appearing, ready to help those who wish to master cryptocurrency investments, for example taklimakan. And this is logical, because since there is a tendency of growth in the number of people interested in cryptocurrency, then new platforms appear for this request. Such facts cannot be ignored by the government, and quite soon all countries will give cryptocurrency legal status.

It is difficult to give a certain status to cryptocurrencies, when even Bitcoin developers are unknown. Perhaps that's why they are pulling with the solution. But after Microsoft announced that they are planning to do a project that helps with the launch of blockchain projects, it is likely that Europe and the United States will support this initiative and take part in the regulatory process.

Since cryptocurrencies are decentralized, even their creators do not have full control over them. On the stock exchange, we see how easily price can be manipulated, which led to last year's Bitcoin collapse. But now there are more and more offers of security tokens that are practically liquid to securities, this should strengthen the market and open the door to establish rules that should be followed to preserve investors' guarantees.

FUD Expert

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I think the fitting word is acceptance. Bitcoin is already developed and they just need some tweaks or improvement that will make it more suitable for ordinary consumers. If they want to work together with btc one day, then I think that will hasten those improvements and that is the huge role that the government will fill.

shesheboy

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Quote from: Adriano2010 on May 26, 2019, 03:34:07 PM

I think the role of governments is important because if governments ban it then the people can't use it and this stop the mass adoption, but if governments accept it and let people pay tax directly with then play an important role.

Before when bitcoin/cryptos are not yet popular , people can now already access and use it . keep in mind that there are no government involved here but today governments are now involved because they can make bitcoin more legal and acceptable in a certain country .

what im i trying to say is that the government role is only half or even 1/4 on the development of bitcoin/cryptos . we dont also need to pay taxes but tax maybe subjected depending on what country you are residing .

Adriano2010

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I think the role of governments is important because if governments ban it then the people can't use it and this stop the mass adoption, but if governments accept it and let people pay tax directly with then play an important role.

Tylev

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Quote from: royalfestus on May 26, 2019, 09:38:03 AM

Decentralized coin does not actually need government's support, maybe just the atmosphere for the coin to be traded. Most of the communities that need bitcoin/cryptocurrency dont have anything doing in the space. Am finding it more difficult to believe bitcoin can be replaced as the dominating coin. Other project are not have product and governance that bring this fight

Decentralized cryptocurrency does not need the support of the state only in transactions between individuals. However, if you want to buy something for cryptocurrency in any trading enterprise, this company cannot officially conduct such a transaction without legalization of cryptocurrency by the state. Without legalization of cryptocurrency, a commercial enterprise will have problems with the tax authorities during the next report on its income and expenses. Also, without legalization of cryptocurrency, the infrastructure for using cryptocurrency as a means of payment will not develop. Therefore, the role of the state and its government in the development of cryptocurrency in any state is very large.

jonas5222000

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They will be giving a big help for development of bitcoin if they will be one of them to help,because many people was depending only in government for who they will trust or not,so for me if the government will totally accept bitcoin it will be a big part of its development.

Koadharber

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Quote from: coinluck43 on April 02, 2019, 11:07:28 PM

In my opinion, the government plays a very important role in the development of Bitcoin in a country. For example, a government announces that it will accept Bitcoin in that country, so I'm sure the development of Bitcoin in that country will be very fast!
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What do you think, the Government or the community who play an important role in the development of Bitcoin?!

The government has a big impact in the development of bitcoin because if they educate their people about it many will get interest to invest in bitcoin and that is what we called mass adoption,and if the government will ban bitcoin in a country no one will invest in bitcoin and the people will scared investing on it that's why the government has a big role in the development of bitcoin.

FlightyPouch

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Quote from: goaldigger on May 26, 2019, 05:45:39 AM

Quote from: coinluck43 on April 02, 2019, 11:07:28 PM

In my opinion, the government plays a very important role in the development of Bitcoin in a country. For example, a government announces that it will accept Bitcoin in that country, so I'm sure the development of Bitcoin in that country will be very fast!
BTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTC
What do you think, the Government or the community who play an important role in the development of Bitcoin?!

Bitcoin's number one influencer and implementor would be the government. It holds everything about it including legalization and development of it. Once the government is involved, it would rather be so good or so bad. All things works perfectly if its on the bitcoin's side and vice versa.

It is true that the government holds the power in legalization and development but I don't think they are the number one influencer and implementor of bitcoin. I think that is still us investors and users, we are the still the number one influencer of btc. Also, even if the government banned btc, there are still ways to use btc but not in that country.

wayprosper

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Ok. To be honest, I believe Bitcoin should not be banned at least If a country cannot legalize it officially, It does not actually matter but whenever the Government tries to confront it. It stops to develop in that particular country. Day by day, It became too painful for the supporters and enthusiasts there to expose their knowledge and grow up. In the meantime, I believe a green signal from Government also plays an important role to develop Bitcoin in that particular area.

royalfestus

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Decentralized coin does not actually need government's support, maybe just the atmosphere for the coin to be traded. Most of the communities that need bitcoin/cryptocurrency dont have anything doing in the space. Am finding it more difficult to believe bitcoin can be replaced as the dominating coin. Other project are not have product and governance that bring this fight

XCANA

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First and foremost, the current status of Bitcoin will not allow the government to partner or accept Bitcoin becasue of it high volatility nature, so, hoping that the government will accept it right now isn't feasible. Probably if Bitcoin turn to be a stable coin, why not, they(the government) will happily embrace it and if they embrace it, then there will be a great shift(positively).

jak3

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Of course, is the government announces that they are going to accept Bitcoin in the country then people are gonna instantly connect to the cryptocurrency network. But a government does not make a blind decision. A government needs to understand but they are going to get or what they are going to lose from the decision before announcing them to the public and anything related to the monetary changes they are very serious about that. Although we have the same that many governments have already accepted Bitcoin payments in the country and many have not and yes it affects the country a lot.

mitchr4

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The role of government is certainly very useful in the development of Bitcoin, if the government legalizes Bitcoin it means opening the door for Bitcoin users in a country to be used as well as possible without any restrictions. And also this can make other countries participate in legalizing Bitcoin at the same time that the currency will be more famous.

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