Do you think that the government will ever accept Bitcoin as a digital currency?

Ralphjoe

Active member
It's no longer news that Bitcoin has been trailing the blaze for other cryptocurrencies in the market, breaking history, gaining more acceptability widely especially among institutional investors. With all these milestones that Bitcoin is achieving, there is one that is proving so stubborn for Bitcoin to break, and that is the government of countries accepting the Cryptocurrency as a digital currency that they can utilize in their agencies, Ministries and parastatals.

Government are being so hostile to the subject of cryptocurrencies world over, most of them openly called it a scam, some said that they don't fully understand it yet. We know that the reason why they have been so hostile to cryptocurrencies is because they can't control it. Cryptocurrencies are decentralized, so nobody anywhere is controlling it.
With the government hostility towards Bitcoin right now, do you ever think that government will some day accept Bitcoin as a system of payment?
 
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sweerie_banana

New member
We normally rely on the Fiat currency that is given by the government and that has been stated by the government that they have value. They normally dictate how the fiat money should be modified authorizing them to track currency movement, dilate who profits, collect taxes and trace criminal tendencies.

I think having a banking system is good cause if you lose a bitcoin who are you going to call to inquire about the fraud? Who assists you when you experience a technical glitch? There is a good banking system with the government and with their currencies. I am also undecided on the best currency.
 
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