How a government can still manage its control over currency and finance without harshly regulating digital currencies ? Can we ever have a win-win situation ? Is there any economic model for decentralized currencies ?
If bitcoin creates a big change not only to its users and investors, maybe the government are going to accept it.And once that there a visible change and when the way people live gets better then maybe governments and there corresponding countries will fully trust bitcoin. 
Topic: How to make a win-win situation for both government and digital currency ? (Read 757 times)
February 05, 2018, 08:23:25 AM
December 28, 2017, 06:38:17 AM
How a government can still manage its control over currency and finance without harshly regulating digital currencies ? Can we ever have a win-win situation ? Is there any economic model for decentralized currencies ?
There can be no win-win situation for national governments and digital currencies as the former wants to exert for centralised agencies which are under its control, while the latter can never agree with a centralised model. The only winning situation for governments here is attaining the knowledge of blockchain technology which they can implement to create a national cryptocurrency, an attempt to modernize the traditional fiat system, which again leads to a centralised model.
December 28, 2017, 06:34:03 AM
Short term, there are multiple ways it can be done.
Long term it is a war and such kind of war that no government can ever win.
Long term it is a war and such kind of war that no government can ever win.
December 28, 2017, 06:28:39 AM
I think shaking hands is enough
October 06, 2017, 07:34:42 PM
I think they can do adoption for digital currencies but they will put some taxes in the income for the digital currency users and i think that is a win-win situation for the both sides. Government doesn't want to accept digital currencies because it is decentralized and it is easy for the people to make money from it but for them it is impossible for them to make money from digital currencies unless they will charge taxes for it.
October 06, 2017, 07:15:36 PM
How a government can still manage its control over currency and finance without harshly regulating digital currencies ? Can we ever have a win-win situation ? Is there any economic model for decentralized currencies ?
THe win win situation for both government and digital currency is that crypto won't be used as mainstream currency but rather it will be used like how credit card is used today. That way, governments won't need to get out of their way to go against cryptocurrencies, also they would not see it as threat for banks. Regulation would also be intact for it to be really called a win win situation for both. 
October 06, 2017, 06:25:37 PM
Regulating the bitcoin is compromising the goal of bitcoin to remove the middle man (the fee). Government should create their own centralized digital currency and leave bitcoin alone. If there is regulation, you win some you lose some.
Seriously you think that is the problem? Actually there is more than what you said, having a transparency is one of the greatest threat for the government of course it is because they wanted to control each money that comes in and out of their country. And that was not the main goal of bitcoin, because if that happens who else will mine if their work is for free, there are so many features of bitcoin that doesn't have any contribution for the governments and that is the reason why some country ban bitcoin.
October 06, 2017, 04:38:49 PM
Regulating the bitcoin is compromising the goal of bitcoin to remove the middle man (the fee). Government should create their own centralized digital currency and leave bitcoin alone. If there is regulation, you win some you lose some.
October 06, 2017, 02:10:49 PM
The win win will always make cryptos generally accepted because I don't think it isn't going to be banned. The government should make laws that can work in check mating the users of bitcoin like making some payments of bills connected to bitcoin involving the banks.
October 06, 2017, 02:08:49 PM
How a government can still manage its control over currency and finance without harshly regulating digital currencies ? Can we ever have a win-win situation ? Is there any economic model for decentralized currencies ?
The best thing for government to do to make it a win win would be if they used public blockchain voting.
It could be a public key shows who you voted for, but it is tied to a private address that is encrypted. Something that is verifiable and works great for aving hundreds of millions vote on the same day.
October 06, 2017, 01:32:21 PM
How a government can still manage its control over currency and finance without harshly regulating digital currencies ? Can we ever have a win-win situation ? Is there any economic model for decentralized currencies ?
Governments are all about control and power, bitcoin and the blockchain technology takes that away from there. Government would implement enough regulation to give them control, otherwise they would just ban them outright. Let's see how it all develop in the next few years.
October 06, 2017, 01:28:21 PM
How a government can still manage its control over currency and finance without harshly regulating digital currencies ? Can we ever have a win-win situation ? Is there any economic model for decentralized currencies ?
One possibility could be that government approve digital currencies as certified security. In this way digital currencies will be legalized but at same time remain outside from complications of being broad money.
Also government and banks can maintain their reserves and pledge loans etc in cryptocurrencies. This way there will be holding of cryptocurrencies on large scale and will contribute to price rise. It will be win to win situation.
October 06, 2017, 01:19:18 PM
The win win for me is not even to legalize the use of digital currency but to enact laws that propels a user to indicate that they are connected to the usage. By this I mean, the government should come up with laws that makes it crime if a user does reveal that they are into cryptos. This could be done through government agency like the finance department or banks connecting either the phone numbers or something. Also, to enlist the cryptos that should be in use etc.
October 04, 2017, 04:29:53 PM
I think all of us feel that we need here some regulations and control over the cryptocurrency world and ICOs.. but the reason cryptocurrency exist is that people wanted don't have a total control over their money from goverment.. so it should be a very well balanced system to make it win-win situation... but it's hard to imagine now)
October 04, 2017, 03:06:08 PM
Decentralization being a core-concept of BITCOIN, itself contradict with statement "regulation of Bitcoin". I don't think there is any feasible solution to this problem. Bitcoin users want privacy and govt. want transparency in a transaction.
Let's hope if there is some solution to this problem, then it will not conflict bitcoin user's interest.
Let's hope if there is some solution to this problem, then it will not conflict bitcoin user's interest.
October 04, 2017, 10:09:36 AM
How a government can still manage its control over currency and finance without harshly regulating digital currencies ? Can we ever have a win-win situation ? Is there any economic model for decentralized currencies ?
It is hard to have a win-win situation between government and cryptocurrency because government wants the control and get a tax. There will be a rage on the community if that happens. October 04, 2017, 09:56:15 AM
How a government can still manage its control over currency and finance without harshly regulating digital currencies ? Can we ever have a win-win situation ? Is there any economic model for decentralized currencies ?
Governments indirectly regulating Bitcoin is a win-win situation for both governments and Bitcoin. I think it is somewhat inevitable.
Legalization would definitely boost Bitcoin adoption and the governments would make profit from taxes. The problem is then most of the countries would have centralized exchanges similar to Coinbase. Then the governments might use Blockchain analysis tools to monitor financial crimes, most importantly tax evasion. I don't think a law-abiding Bitcoin user would have any issue with this, but users who prefer using a decentralized currency to protect their confidentiality/privacy night find this a bit harsh.
Another issue bothering governments about Bitcoin is consumer protection. Being decentralized and irreversible, it is quite impossible to put Bitcoin under any consumer protection laws.
In the US EFT's (Electronic Fund Transfer) systems provide protection to the consumers under the EFT Act, but due to the nature of cryptos it is not possible for them to be in complete compliance with this Act.
Regulation is good, but too much harsh regulations would lead to more decentralized exchanges/OTC platforms.
October 04, 2017, 08:06:59 AM
How a government can still manage its control over currency and finance without harshly regulating digital currencies ? Can we ever have a win-win situation ? Is there any economic model for decentralized currencies ?
A big NO...If you are talking about all decentralized crypto currencies than government can never monitor all crypto related transactions in their territory without which they can't force their citizens to pay taxes for all profit they will make by investing in crypto. Also money laundering through crypto is quite possible and this can't be controlled without regulating crypto exchanges.
So government will always have harsh regulation against bitcoin and crypto.
October 04, 2017, 03:17:40 AM
How a government can still manage its control over currency and finance without harshly regulating digital currencies ? Can we ever have a win-win situation ? Is there any economic model for decentralized currencies ?
Sooner or later there will be a win win with them, because they have to use digital currency in future, actually many goverments had already many ideas about it, they can't stop the future, they have to become the future.
And digital currency is unstoppable even bitcoin. I do agree that even them knows that in due time the banking system will be just an ordinary one and the cryptocurrency is on the center. That is why they’re silence about it, they have interest on our banking sytem, government official have even huge shares on that profit by hiding on the shadow of they’re dummy.
October 04, 2017, 03:02:43 AM
How a government can still manage its control over currency and finance without harshly regulating digital currencies ? Can we ever have a win-win situation ? Is there any economic model for decentralized currencies ?
Government can still manage both , regulating cryptocurrencies will be based on the cashing out of money which can be found on cryptocurrency exchanges, Trading cryptocurrency should also regulated that it will not violate the law imposed about trading. It could be a win win situation if they will impose a tax for the profit of these exchanges. Jump to: