Hey!
Does bitcoin have a promising future?
Or will government intervention and regulation restrict bitcoin to perform as we know it?
Im currently completing research on the current use of bitcoin. What I hope to prophesise is bitcoins future as a currency by asking participants their views on the current competencies of bitcoin through a few questions via a 10 minute online questionnaire.
The UK governments response to the increasing use of cryptocurrency (AKA digital currency), is a positive one as it increases banking competition in the interests of all customers. Encouraging greater innovation in payments (HM Treasury, 2015).
The study will gather global perspectives to answer:
Does bitcoin has the ability to be fully adapted and used in the economy compared to other payment systems?
Do certain attributes of bitcoin (such as security, safe guards and lack of regulation) hinder its potential to be used as a payment system or as a facilitator of investment?
Please click the link below if you wish to complete the questionnaire:
https://www.surveymonkey.com/s/bitcoinresearch1
Thank you!
Government is already troubled by the acceptance of bitcoin (rather crypto currency). The government might try and make it difficult for bitcoin (again, crypto currency) to really be a widely accepted currency but I think it's acceptance is inevitable.
People love decentralized currency, many might not know what it really means, but they just like the idea of the power being in their hands.
Same reason why Democracy is so predominant, most people don't even care how beneficial it is or isn't.