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 that thing will happen in the near future then I think this is good news to all of us Bitcoin enthusiasts. But this seems to far from happening because we all know that governments will stick to what they can control like the centralized assets such as fiat. They can implement tax and track every transactions people made. With Bitcoin, governments has no control of our funds and can't even track transactions either it is used in legal or illegal activities unless local exchanges will be regulated. 
Topic: If the government supports bitcoin instead of the existing currency. - page 7. (Read 24974 times)
April 21, 2019, 09:18:56 AM
April 21, 2019, 08:30:07 AM
Government supporting Cryptocurrency over it's national currency is not that possible .
But assuming it happens, I believe it would go a long way in accelerating mainstream adoption of the blockchain technology.
But assuming it happens, I believe it would go a long way in accelerating mainstream adoption of the blockchain technology.
April 10, 2019, 10:17:45 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 that thing will happen in the near future then I think this is good news to all of us Bitcoin enthusiasts. But this seems to far from happening because we all know that governments will stick to what they can control like the centralized assets such as fiat. They can implement tax and track every transactions people made. With Bitcoin, governments has no control of our funds and can't even track transactions either it is used in legal or illegal activities unless local exchanges will be regulated. April 10, 2019, 05:57:01 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 that thing will happen in the near future then I think this is good news to all of us Bitcoin enthusiasts. But this seems to far from happening because we all know that governments will stick to what they can control like the centralized assets such as fiat. They can implement tax and track every transactions people made. With Bitcoin, governments has no control of our funds and can't even track transactions either it is used in legal or illegal activities unless local exchanges will be regulated. April 10, 2019, 04:17:18 PM
This is possible and its happening already. Before when cryptos are becoming noticeable . governments ( most of them ) did have an agreement to support cryptos to widen the use of it and make more cryptos more legal and safe to the eyes of the public but they didnt say that they will drop the support for fiat . cryptos are only an alternative but fiats are still the one that people must prioritize as it is more accepted .
April 10, 2019, 04:08:40 PM
in my opinion, crypto currencies will not be a currency that can be credited by the government. the crypto currency is very volatile and inflation does not depend on credit but the price of basic necessities and people's purchasing power. and also influenced by domestic currency exchange rates against foreign currencies
April 10, 2019, 03:48:46 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 existing currency was not been supported by the government then there will be no government in this world because the taxes are only made the government to run successfully so people everyone had the normal currencies also so the cryptocurrencies lesson number so they support the cryptocurrency that will be lots of functions of development to the Crypto field but the government must be falling into deeper situation.Governments can tax Bitcoin too if they formalize it within their legal framework.
April 10, 2019, 03:47:28 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 existing currency was not been supported by the government then there will be no government in this world because the taxes are only made the government to run successfully so people everyone had the normal currencies also so the cryptocurrencies lesson number so they support the cryptocurrency that will be lots of functions of development to the Crypto field but the government must be falling into deeper situation. 
April 10, 2019, 03:03:12 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?
It would be hard for the government to take bitcoin as the national currency but they could use it in some ways. However, it's still possible to happen in the future because the government is starting to adopt the digital currency. If we're talking about legalization, I guess if a certain government would legalize cryptocurrency, it would be easy for them to support bitcoin.
April 10, 2019, 08:12:05 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?
If that thing will happen in the near future then I think this is good news to all of us Bitcoin enthusiasts. But this seems to far from happening because we all know that governments will stick to what they can control like the centralized assets such as fiat. They can implement tax and track every transactions people made. With Bitcoin, governments has no control of our funds and can't even track transactions either it is used in legal or illegal activities unless local exchanges will be regulated. 
April 10, 2019, 05:14:58 AM
Bitcoin actually has great value compared to fiat. What Bitcoin need is worldwide support from people and not really government.
Getting government to support Bitcoin not very good idea.
We should be thinking of how to get most people and businesses to use Bitcoin.
but the government takes many other aspects into account, many of which calculate their effects on the country's economy if the legalization of bitcoin is a currency. but like the government in a country I will only legalize it on the exchange, not as a currency, with various alibis eachGetting government to support Bitcoin not very good idea.
We should be thinking of how to get most people and businesses to use Bitcoin.
April 10, 2019, 05:08:13 AM
most likely wont happen simply because its decentralize. Government form in centralized manner itself. their own fundamental is centralized and its certainly would not sync well with crypto decentralized ideas
is it possible to remove the fiat currency that has become the applicable currency and according to me the government does not leave the fiat currency but uses an economic system that is used crypto currencyThere's an "if" In the question so it doesn't really matter if its possible or not. Just for the sake of discussion. If that happens, though i don't know how, i think we'll have an entirely different financial structure. Of course what the government promotes is what eventually will be applied so they would have found a way to gain control over crypto then.
April 07, 2019, 06:23:56 PM
most likely wont happen simply because its decentralize. Government form in centralized manner itself. their own fundamental is centralized and its certainly would not sync well with crypto decentralized ideas
is it possible to remove the fiat currency that has become the applicable currency and according to me the government does not leave the fiat currency but uses an economic system that is used crypto currency April 07, 2019, 04:18:16 PM
Maybe this will not happen and bitcoin or other crypto will be taxes by governments who don't want to ban it and encourage people to use it. Always governments will like fiat money because can be more easy controlled and emission of money.
April 07, 2019, 04:01:26 PM
It won't happen. Since using bitcoin mean not willing to pay tax and make it weak. Why would government support bitcoin when they know it can be used in illegal activity. Let me remind you there's no way to trace the transaction so any terrorist can use it for purchasing Guns, Drugs etc
I think government will not be agree to accept the existence of bitcoin, because we are well aware of the nature that bitcoin is so volatile and it is made of decentralized system, as it grows independently and it is not easy to control the progress by the government so benefit is all only for the users not for the government that’s why government is not supporting it,. April 07, 2019, 08:02:28 AM
It won't happen. Since using bitcoin mean not willing to pay tax and make it weak. Why would government support bitcoin when they know it can be used in illegal activity. Let me remind you there's no way to trace the transaction so any terrorist can use it for purchasing Guns, Drugs etc
April 07, 2019, 06:05:36 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?
Money is government tool to control the country economy. It's nearly impossible to replace fiat money. Some countries which don't ban bitcoin are not mean that it think that bitcoin is more appropriate as national currency rather than fiat money. Bitcoin don't have to become national currency but it only need to recognized by all countries then it is enough. 
April 07, 2019, 05:29:43 AM
Bitcoin actually has great value compared to fiat. What Bitcoin need is worldwide support from people and not really government.
Getting government to support Bitcoin not very good idea.
We should be thinking of how to get most people and businesses to use Bitcoin.
but we must know that without government support, we will find it difficult to gain the trust of many people, nowadays people really believe in the government, what the government says must be safe, thats what people think, and we really need government support.. Getting government to support Bitcoin not very good idea.
We should be thinking of how to get most people and businesses to use Bitcoin.
April 07, 2019, 05:16:47 AM
most likely wont happen simply because its decentralize. Government form in centralized manner itself. their own fundamental is centralized and its certainly would not sync well with crypto decentralized ideas
all possibilities can happen if the government uses crypto currency and of course there is a reason for it all and follows the development of technology and technology, of course, the fiat currency will be even better 
April 07, 2019, 03:05:18 AM
This can not happen in principle. No state will ever give up their national money and will not switch to using Bitcoin. It is vseravno that give your economy into the hands of another state. Bitcoin is in no way connected with the economy of any state, and if it is accepted as the main payment instrument, its price will continue to show high volatility and economic development planning, the country's budget will be impossible. In the economy, chaos will simply begin.
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