Topic: If the government supports bitcoin instead of the existing currency. - page 22. (Read 25001 times)
June 10, 2018, 03:30:43 PM
The real value of this demand!If the majority believe it will be of value .It does not matter that it is a dollar or bitcoin.You can print wrappers, and if people believe it will be valuable in them.I do not know how bitcoin can give credit ....after all, the whole point of bitcoin is its independence ...therefore, I think it is foolish to believe that bitcoin will receive a national credit...the authorities who are now they will not allow this.
June 04, 2018, 07:36:59 AM
BTC is difficult to get government support!
Because the government has no control over the BTC, the government has no control over it, and they try to supervise or prohibit it!
Because the government needs to maintain their dominance!
Because the government has no control over the BTC, the government has no control over it, and they try to supervise or prohibit it!
Because the government needs to maintain their dominance!
May 29, 2018, 05:31:48 PM
Still with the same problem, how the government blablabla. The government will still insist on dropping bitcoin, I've read an article that contains government recognition about bitcoin. They say, if we adopt bitcoin they will begin to be threatened with the economic collapse of their country due to fluctuations, its volatility in such a way. What struck me was the reason the government was afraid of not being able to do fiat monopoly, corruption and fooling the little people. Other countries should be able to imitate Japanese who currently they have adopted bitcoin as alternative payment after their own currency. So what happened to them? They are prosperous, their economy is so good .
May 28, 2018, 01:39:19 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?
Neither bitcoin nor paper money has any real value”I think that statement is very wrong. When you hold any currency, for example- dollar, whatever you see written on it is the value. You can’t tell me that no currency has a value, you don’t even know what you’re saying.
And by the way, the government can’t be in support of cryptocurrency, because cryptocurrency is decentralized, unlike conventional currencies that centralized.
May 27, 2018, 03:02:54 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?
Neither bitcoin nor paper money has any real value”I think that statement is very wrong. When you hold any currency, for example- dollar, whatever you see written on it is the value. You can’t tell me that no currency has a value, you don’t even know what you’re saying.
And by the way, the government can’t be in support of cryptocurrency, because cryptocurrency is decentralized, unlike conventional currencies that centralized.
May 23, 2018, 12:29:19 AM
What you're suggesting is equivalent to asking someone to jump to mars and back down. It's nonsensical. Governments desire control, and they have control by being in control of the money supply. What interest is there for them to adopt crypto? Research the reason crypto was created.
May 23, 2018, 12:19:19 AM
It's very hard to imagine government accepting BTC in its current decentralized and distributed nature. If that happens ever, the government role will be just like other ordinary BTC owners.
Anything can happen in future but it doesn't look possible now.
The government will never want to accept any such thing like that of crypto currency over which the government has no control and authority as all the crypto currencies are decentralized in nature and that even if government takes any such step, they will be unable to control these currencies. however, we can expect anything to happen and that there are likely chances of this thing to happen after some time. Anything can happen in future but it doesn't look possible now.
May 22, 2018, 12:34:35 PM
I think government will never accept bitcoin as their national currency. Every country has its own currency to use. Because the price of bitcoin is not stable, like paper currency. Once it is accepted by the government the economy of the country will be healthy and wealthy. It takes government to take long time to accept bitcoin. It's a decentralized money and does not require any banks and it cannot controlled by the government.
May 22, 2018, 11:21:56 AM
It's gonna be good result for the bitcoiners of course, and also good for another people because if the government supports bitcoin it must be with some rules, the miners or all the bitcoiners really need to make kinda workplace for the others to growth the economy of the countrys and reduce the poor, I think that was what every single country want.
You should understand that the government on purposely is stimulating poverty, there is nothing that we can do other than to distance ourselves from it. Poverty means people are easy to suppress and that directly translates into control with iron fist. Instead of focusing on the government and whether or not they will support Bitcoin, people should stimulate their local economy to make use of Bitcoin. If enough of these Bitcoin economies emerge, eventually we can have a near global economy based on Bitcoin. That's how you can make governments listen to you again -- they have to understand that they aren't necessarily the center of everything.
May 22, 2018, 10:31:46 AM
It's gonna be good result for the bitcoiners of course, and also good for another people because if the government supports bitcoin it must be with some rules, the miners or all the bitcoiners really need to make kinda workplace for the others to growth the economy of the countrys and reduce the poor, I think that was what every single country want.
But it is mostly unlikely happen because every country have their own currency so they won't support a decentralized currency it can be dangerous in the veiw of government because they will lose their control in economics of their country. May 22, 2018, 09:39:26 AM
The government of any state will never make a decision to destroy its own national money and replace it with a crypto currency. The task of any government is the strengthening of national money. From this, the economy of the country is strengthened and increases. Replacing the national currency with a crypto currency will cause the economy to decay and its complete unbalancing because of its high volatility. I think that unlike this forum, there are no children in the governments of the countries and they will never have such a stupid idea in their heads.
I completely agree with your position. There is no point in imagining what is not going to happen. I don't see any government abandoning its own national currency for bitcoin. If they would go for crypto currency, it would be based on their own national currency because the money we see goes beyond paper or mathematics, its part of our identity, our values and our origin which cannot be quantified and bought at any value. The highest we would see is finding a way to accommodate the two and not abandoning to adopt bitcoin.
May 22, 2018, 08:25:50 AM
It's gonna be good result for the bitcoiners of course, and also good for another people because if the government supports bitcoin it must be with some rules, the miners or all the bitcoiners really need to make kinda workplace for the others to growth the economy of the countrys and reduce the poor, I think that was what every single country want.
May 21, 2018, 02:44:58 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?
Nothing has real value, the value of something is always variable, you're talking as if the national credit of a country will always be worth something and credit rating agencies will disagree with you there are many countries that have their bonds rated as junk bonds, so that is not going to have any affect on cryptocurrencies if it were to happen which is impossible. May 20, 2018, 03:58:15 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 might consider bitcoin or adopt on some aspects but talking on replacing fiats ? Hell No! they wont do such thing and who would be the one to let this thing happen on where they do consider on supporting a decentralized thing over fiat which they do have the full control? Its totally nonsense to have this mentality because they wont really consider such thing and even on my own dreams this thing wont really happen. Bitcoin would remain as it should be. 
May 20, 2018, 01:57:02 PM
I guess it will not be good result to those people who hasn't know what bitcoin and cryptocurrency is they will not understand what the government are supporting in that day so maybe they should introduce first what is cryptocurrency in public before using it.
Where are you from. People from various countries and even on media we are seeing the ads about the cryptocurrencies and etc mate. If you do want to find the bitcoin wherever it reached first surf about it on the Google. You do not need to get the assistance from anyone.
Since you are outdated about crypto reaches to this world first you need to understand that things mate. Don't believe if you see any negative news on the news channels in your location if you find.
May 20, 2018, 07:33:33 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?
Soon they will still support bitcoin, but taxes will be very influential. May 19, 2018, 08:46:04 AM
I guess it will not be good result to those people who hasn't know what bitcoin and cryptocurrency is they will not understand what the government are supporting in that day so maybe they should introduce first what is cryptocurrency in public before using it.
May 19, 2018, 03:50:03 AM
If bitcoin gets the support of every government, theres nothing to talk about.
bitcoin will rise more than it has before.
we can have a million dollar per bitcoin.
bitcoin will rise more than it has before.
we can have a million dollar per bitcoin.
May 19, 2018, 03:25:54 AM
It's very hard to imagine government accepting BTC in its current decentralized and distributed nature. If that happens ever, the government role will be just like other ordinary BTC owners.
Anything can happen in future but it doesn't look possible now.
Anything can happen in future but it doesn't look possible now.
May 19, 2018, 02:24:08 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?
Why do you think that the national money of a particular state has no real value? This is not true. Paper national money is practically a bill of the state. National money is provided by the state's gold and foreign exchange reserves and the country's gross domestic income. At their cost, the state issues a number of certain bills. But decentralized crypto currency has no intrinsic value. These are just figures and letters that society knows as having a certain value for a certain moment. Therefore, it is unlikely that any state will ignore its money and use the crypto currency as the main money of this state. This will be a very reckless step. Jump to: