Topic: How big is the role of the government in the development of Bitcoin? - page 6. (Read 1208 times)
April 05, 2019, 01:28:32 AM
To think of it critically , government will do a lot in further development of bitcoin by legalizing its acceptance in the country. This will make a lot of people involved in it , it will increase its usage , acceptance and exposure. This is one of the major movement that will make bitcoin soar high to reach its goal.
April 05, 2019, 01:04:10 AM
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!
What do you think, the Government or the community who play an important role in the development of Bitcoin?!
What do you think, the Government or the community who play an important role in the development of Bitcoin?!
It's not that easy as you think just by merely announcing that your country will support cryptocurrencies is way different if the government has really done anything to do with it. We have seen it in the past, a government will announce big project or give promises only to find out that there are actually no real developments backing it up. For the "development" to take place the government needs to really show the support physically by action and not only words coming out from their mouth.
April 05, 2019, 12:58:22 AM
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?!
BTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTC
What do you think, the Government or the community who play an important role in the development of Bitcoin?!
At present bitcoin has become widely known, but its existence still clashes with regulations made by the government. So, if the government takes part in the development of bitcoin, for example by announcing that official bitcoin's legalized in its use, I think large-scale adoption will definitely happen everywhere.
April 05, 2019, 12:45:11 AM
Government can play important role in the development of bitcoin by introduce or making policies that increase the general acceptability of the cryptocurrency. For example, Banks are control by the Central Banks which is own by the Government. Central bank can make policy that sees all the bank trading and exchanging fiat for crypto and vice versa. This mean that many people will have privileges to obtain even loan with low interest and also make transaction easily.
April 05, 2019, 12:05:47 AM
Bitcoin has become bitcoin without government. Now that it has become popular, little by little it is being recognized in many parts of the world but many countries, altho they recognize bitcoin already, still refuse to accept to legalize it or not or if to regulate them is good for them or not. Governments are still confused if they are ready to embrace bitcoin to start cashless society because of the banking system involving in the government society.
April 04, 2019, 11:09:49 PM
Definitely! they do play an important role for the growth and acceptance of bitcoin in a country. Citizens will listen and follow their orders instead of people and society that they aren't aware of its existence.
Community and gov't both plays an important role. We as part of the community are the ones who have been using, dealing and looking for solutions on how can bitcoin be used in so many ways. And once the gov't recognizes it, they don't have to regulate, they just have to support and tell their stand about it, positively.
Community and gov't both plays an important role. We as part of the community are the ones who have been using, dealing and looking for solutions on how can bitcoin be used in so many ways. And once the gov't recognizes it, they don't have to regulate, they just have to support and tell their stand about it, positively.
April 04, 2019, 01:22:46 PM
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!
What do you think, the Government or the community who play an important role in the development of Bitcoin?!
What do you think, the Government or the community who play an important role in the development of Bitcoin?!
It's not that easy as you think just by merely announcing that your country will support cryptocurrencies is way different if the government has really done anything to do with it. We have seen it in the past, a government will announce big project or give promises only to find out that there are actually no real developments backing it up. For the "development" to take place the government needs to really show the support physically by action and not only words coming out from their mouth.
April 04, 2019, 01:16:02 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?!
BTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTC
What do you think, the Government or the community who play an important role in the development of Bitcoin?!
..I think both of the two factors,,the community and the Government plays an important role in the development of bitcoin..Community.people who engage in the use of Bitcoin have the most important part in the develooment of it,,without the community and the people who uses it,Bitcoin is useless..Government.if the state will going to adopt and legalized the use of Bitcoin,then the mandate on the use of Bitcoin will increase in volume because many preoole are now patronizing the use of Bitcoin in their lives,but there are still consequenses when Government will take part on crypto usage because crypto is decentralize,if Government will involve, maybe decentralize exchange will now become centralize.
April 04, 2019, 12:43:29 PM
Bitcoin or another decentralized currency can exist in society without state participation, however, their development and use of cryptocurrency as a means of payment will be extremely low. in order for Bitcoin and other cryptocurrency to develop, mandatory mandatory legalization of cryptocurrency is needed by states. only when government agencies, including the banking and tax authorities, receive clear instructions on how to implement and use cryptocurrency, will the infrastructure appear for the practical use of cryptocurrency as a means of payment. business structures will massively use cryptocurrency only if it is approved by tax authorities and other regulatory agencies.
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April 04, 2019, 12:18:29 PM
If any government wants to contribute in cryptocurrency, that will not be anymore decentralized and we will again force to be the slave of government. Govt will try to controll everything in that case.
April 04, 2019, 12:13:19 PM
I also agree with you that the state directly affects the development of bitcoin. This is especially true of large developed countries that occupy a significant share in the global economy. If developed countries develop legislation in which Bitcoin will be equal to other currencies and there will be a clear mechanism for the interaction of Bitcoin with the existing financial system, then Bitcoin will wait for inevitable success. And then, it is likely that the predictions of John McAfee will come true and he will not have to eat his penis.
April 04, 2019, 12:05:17 PM
Certainly. How crypto will develop in a certain country depends only on the government. If the government supports crypto, it will develop faster.
- Well, the development of crypto and the use of bitcoin in countries that support bitcoin and crypto will certainly be more popular and better but we should remember that in any story, benefits and risks will always exist in parallel. Typically like this story, the government will support bitcoin and crypto but in return, we will be helping the government, more precisely, we will pay taxes to the government, and government rules will be very tight, we will be hard to make money normally, and so I think that I don't need government help for bitcoin, bitcoin will still grow without participation from the government.Well as the saying goes, you really can't have it all. A government's decision can make or break btc usage in a certain country. There should be a compromise or a middle ground for btc to really progress without challenges from the government.
April 04, 2019, 06:33:52 AM
Certainly. How crypto will develop in a certain country depends only on the government. If the government supports crypto, it will develop faster.
- Well, the development of crypto and the use of bitcoin in countries that support bitcoin and crypto will certainly be more popular and better but we should remember that in any story, benefits and risks will always exist in parallel. Typically like this story, the government will support bitcoin and crypto but in return, we will be helping the government, more precisely, we will pay taxes to the government, and government rules will be very tight, we will be hard to make money normally, and so I think that I don't need government help for bitcoin, bitcoin will still grow without participation from the government. 
April 04, 2019, 04:56:29 AM
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?!
If government legally announces bitcoin as their legal currency it will really help for faster adoption from the people but there is no necessary to be accepted by government because bitcoin developed against the government for past years so it means it can be accepted by people gradually even without much help grom legalization. BTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTC
What do you think, the Government or the community who play an important role in the development of Bitcoin?!
April 04, 2019, 03:27:48 AM
When you are the regulator then you control the flow. Government to bitcoin. That’s a reality that we’ve seen for years now as Japan (acceptance of cryptocurrency) and China (strict regulations) has a big impact on its people’s investment movement.
But there is someone or groups between those two that matters the most. The business or so called the elites. (Banks) With power on their hands, decision making by the government will be on their favor.
But there is someone or groups between those two that matters the most. The business or so called the elites. (Banks) With power on their hands, decision making by the government will be on their favor.
April 04, 2019, 03:19:45 AM
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?!
BTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTC
What do you think, the Government or the community who play an important role in the development of Bitcoin?!
I do not think it is the devopment but it is on the adoption. Development of Bitcoin depends on its developer, but the adoption will be greatly affected by the government if they accept it or not. We all see in the previous years that when a government accepted Bitcoin in their country, people accept it also and merchants starts to trust Bitcoin. So government is crucial for Bitcoin adoption but Bitcoin development depends on its developer.
April 04, 2019, 01:23:45 AM
The government did not create bitcoin and we cannot perceive that they have an effect to its development. The government can only intervene in the external influence of cryptocurrencies and its price- which mainly affects every investor or person who has a share of bitcoin.
In addition, if a country prohibits the usage and transactions of bitcoins then expect its price to be significantly reduced as it influences the external market and sources. But it cannot influence the internal factors such as its development and improvements from the system.
If the government supports the implementation of cryptocurrencies, more exchanges and trust would be built upon. This means that more investors would be attracted to invest and its impact on media would also reflect on its price.
In addition, if a country prohibits the usage and transactions of bitcoins then expect its price to be significantly reduced as it influences the external market and sources. But it cannot influence the internal factors such as its development and improvements from the system.
Certainly. How crypto will develop in a certain country depends only on the government. If the government supports crypto, it will develop faster.
If the government supports the implementation of cryptocurrencies, more exchanges and trust would be built upon. This means that more investors would be attracted to invest and its impact on media would also reflect on its price.
April 03, 2019, 05:46:26 PM
Since a government's authority is very suppressive in every field, effect of government on bitcoin is tremendeous. Governments do not let adaptation of bitcoin without controlling it. Thus, we need to time to realize adaptation of bitcoin without losing its independence.
April 03, 2019, 05:31:57 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?!
Take your time to review government stands against cryptocurrency and you will understand that the play no role in the development of bitcoin in fact the only role the government is ready to play is a negative role due to bitcoin decentralized nature. The government will only welcome a development they can control and make centralized. BTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTC
What do you think, the Government or the community who play an important role in the development of Bitcoin?!
April 03, 2019, 05:17:52 PM
What do you think, the Government or the community who play an important role in the development of Bitcoin?!
Both represent a very important role. Is very important that governments regulate bitcoin so that:
- We can see the exchanges respect our rights
- The exchange will provide good service
- we will reduce the number of scam ICOs
- We will see the scammers being punished for their crimes
- We can see many merchants accepting bitcoin as a means of payments worldwide
- We can buy and sell bitcoin without any problem
- We will not have problems with the banks.
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