what will happen is, crypto will be the official asset traded, but not the currency itself. I have read the news, in a speculation that if the crypto is inaugurated by the government becomes an official asset for investment, it will also make the market go up.
cryptocurrency has possibility to be payment not as a currency.it will used globally when government already legalize it and accepted in any finance firm. 
Topic: If the government supports bitcoin instead of the existing currency. - page 10. (Read 24974 times)
January 24, 2019, 03:05:51 AM
January 24, 2019, 02:19:09 AM
what will happen is, crypto will be the official asset traded, but not the currency itself. I have read the news, in a speculation that if the crypto is inaugurated by the government becomes an official asset for investment, it will also make the market go up.
December 10, 2018, 01:44:58 PM
Bitcoin is unfit to replace fiat currency from the government`s point of view.
It lacks features that allow the government to control country`s economy, offering decentralization and anonymity itself. It is good for the user, but absolutely negative from the government`s point of view.
It lacks features that allow the government to control country`s economy, offering decentralization and anonymity itself. It is good for the user, but absolutely negative from the government`s point of view.
December 10, 2018, 01:40:40 PM
Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit? The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result? Of course, I know that the government is very unlikely to support bitcoin, but who knows?
I think its hard for government in the world eliminate their own currency and replace it with bitcoin. Its because bitcoin is decentralized cryptocurrency and government can not control the supply like government did on fiat money.
It will be weird if the government decides to support some cryptocurrency instead of the national currency. Naturally, it will never happen. Crypto can be used but as an alternative way to make some financial operations.
December 05, 2018, 01:06:48 PM
Bitcoin has provided to 21M, so that if the global use it is not allowed. Do đó if this will be going to many lots fork that as a solution instead of the Bitcoin and will try to destroy it to replace it. This will not show because the paper is the priority.
December 05, 2018, 01:04:00 PM
If government shows a soft corner t bitcoin and crypto with their existing currency bitcoin will more famous and strong for the upcoming investors and users and this will be a good step of the countries if they duly allow crypto for use and for government transactions too now blockchain is the fastest way to make online payments and a good solutions for holding in wallet.
To support bitcoin as a means of payment is not something easy, because there must be a stable and evenly distributed internet network, there is a laptop / computer or an Android phone. Knowledge of bitcoin and how to use it, as well as the mentality of the community that must be educated because everything is digital. Physically there is no money. Technology is better because the blockchain makes it more efficient.Also the level of wealth of the population needs to be very high as well because you will need that most of them has access to the Internet and access to a device that he can use to connect to it just to use bitcoin and while that is a given in many first world countries that is not true in many other countries.
December 05, 2018, 09:20:18 AM
Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit? The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result? Of course, I know that the government is very unlikely to support bitcoin, but who knows?
I think its hard for government in the world eliminate their own currency and replace it with bitcoin. Its because bitcoin is decentralized cryptocurrency and government can not control the supply like government did on fiat money.
December 05, 2018, 02:57:17 AM
Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit? The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result? Of course, I know that the government is very unlikely to support bitcoin, but who knows?
I think its hard for government in the world eliminate their own currency and replace it with bitcoin. Its because bitcoin is decentralized cryptocurrency and government can not control the supply like government did on fiat money.
December 05, 2018, 02:47:16 AM
If government shows a soft corner t bitcoin and crypto with their existing currency bitcoin will more famous and strong for the upcoming investors and users and this will be a good step of the countries if they duly allow crypto for use and for government transactions too now blockchain is the fastest way to make online payments and a good solutions for holding in wallet.
To support bitcoin as a means of payment is not something easy, because there must be a stable and evenly distributed internet network, there is a laptop / computer or an Android phone. Knowledge of bitcoin and how to use it, as well as the mentality of the community that must be educated because everything is digital. Physically there is no money. Technology is better because the blockchain makes it more efficient. December 04, 2018, 06:14:28 PM
It is obvious that I will like for governments to recognize cryptocurrencies as a superior form of money but we need to be realistic the chances of that happening are very low so what we need to do is to concentrate on how to make people to adopt cryptocurrencies even without the support from the government, and right now there is not a clear answer about what we can do to accelerate that process.
December 03, 2018, 03:16:11 PM
In my opinion. the government will continue to support the development of digital currency technology, especially crypto. but the government will not take a policy to manage crypto currencies such as existing currencies. the government will differentiate the use of crypto currencies and conventional currencies.
December 03, 2018, 03:00:44 PM
Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit? The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result? Of course, I know that the government is very unlikely to support bitcoin, but who knows?
No state will ever give up their national money and will not use only cryptocurrency. There is no such example, and I am sure that it will not. The price of national money reflects the state of the state’s economy; this money interacts with the state’s economy. This is not and can not be with cryptocurrency. Cryptocurrency can not have any relation to the economy of a particular state and exists by itself. Planning the development of indicators of the country's economy, the implementation of the country's budget is impossible in cryptocurrency, including because of its high volatility. As long as states exist, its national money will continue to exist. December 02, 2018, 06:49:23 AM
I think it requires time and process to shift the function of fiat currency because of the need for comprehensive legal recognition for all countries
I don't think that this is possible.
Paper money is being the currency of every countries for a long time now. It is like a culture to people every time they pay their bills or buying things they need or want. Changing that means taking down the culture of using these currencies, I know that it is the future but the people are still not ready. There are still a lot of things to be done and one of them is the economy of the country. Better focus on the real problem of the country than the problem on currency.
December 02, 2018, 06:42:14 AM
I think it requires time and process to shift the function of fiat currency because of the need for comprehensive legal recognition for all countries
December 01, 2018, 06:03:54 PM
Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit? The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result? Of course, I know that the government is very unlikely to support bitcoin, but who knows?
They never treat bitcoin as a legalize digital currency right now. Yet bitcoin is decentralized but we do not know if it could be hackable. Of course, government will always doubt of it specially Satoshi Nakamoto (The founder of bitcoin) still anonymous today. But probably, it will become a step by step procedure when every country accept it. 
December 01, 2018, 05:33:27 PM
It's been said so many times before and I think it's very clear - cryptocurrencies will not replace fiat money. They are part of economic system that whole world relies on. Countries and governments can't survive without fiat money and even if they give support to Bitcoin and other cryptocurrencies they will not stop to produce and support national currencies. Economy based only on cryptocurrencies couldn't survive, this is just utopia.
Also, there is gonna be a HUGE loss of jobs, and that is not just a fact.
Take in consideration that fiat money is something that can not be replaced in matter of a few years. Maybe some people will consider it as a way to keep investing or safeguarding your money, but not more than that.
December 01, 2018, 05:27:29 PM
Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit? The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result? Of course, I know that the government is very unlikely to support bitcoin, but who knows?
Governments can allow the circulation of cryptocurrency on their territory, however, they will never actively support Bitcoin or another decentralized cryptocurrency, much less abandon their national money. This can not be, because cryptocurrency, unlike national currencies, has no relationship with the economy of any state and, moreover, has very high price volatility. And it is destructive for the economy of any state. 
December 01, 2018, 03:47:01 PM
It's been said so many times before and I think it's very clear - cryptocurrencies will not replace fiat money. They are part of economic system that whole world relies on. Countries and governments can't survive without fiat money and even if they give support to Bitcoin and other cryptocurrencies they will not stop to produce and support national currencies. Economy based only on cryptocurrencies couldn't survive, this is just utopia.
December 01, 2018, 03:30:47 PM
Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit? The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result? Of course, I know that the government is very unlikely to support bitcoin, but who knows?
If the government will support bitcoin instead of the existing currency, i think everyone in the world will be having bitcoin and they will use it as an payment to buy the things that they need and want in every store.No one government will do it. Yes, they can support Bitcoin and some altcoins, but the national currency will be always on the first place. However, in future, many countries will use the cryptos widely.
December 01, 2018, 03:32:26 AM
I'm not sure if the government supports bitcoin, not even the currency. of course the government will support it if it is included in its thinking and not harmful. bitcoin is difficult to control and its anonymity makes the government unwilling to support it even if it accepts it.
The government will give support if they'll get something from here. If the community allow its legalization and tax imposed by the government, they might have no conflict with it and the government will bring crypto into more known currency. I know the government are willing to support crypto but it somehow some individuals taking advantage of its anonymity and used this into illegal activities.
Really hopes that it could happen soon, crypto could really be useful for all transaction, even the global transaction will become easier,if the government decided to implement crypto, I believe there will be an increasing in economic system, crypto could be used for bad thing and good thing so people not supposed to judge crypto because of some people used it for bad things
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