Post
Topic
Board Economics
Re: Government & Bitcoin
by
arallmuus
on 20/06/2015, 16:35:42 UTC
Actually there alot of government that do support it and BTC is considered to be a legal currency in their country. If you are interested, here is a list of how government's point of view towards BTC

https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country

I think the word "support" is difference with "legalize". If government legalized something, it doesn't mean that government support it. If the government really support bitcoin, so I think they will introduce it and build facilities for bitcoin to their people. I never heard a government do that before. Please correct me if I'm wrong.

Indeed it is different but you should note that you are getting the wrong idea there. Government support and create FIAT but do they build bank ? YES to get a profit from FIAT. With BTC you will never getting the same treatment because BTC isnt a centralized currency which is issued by a country, it is uncorrelated with any authority at all therefore getting legalized is actually a huge stepstone for BTC already

In a way, it's a good thing, as it will allow for consumer protection and make it harder for scammers to get away with their crimes.

Huh? you should probably re-read what you have posted and also read about what makes BTC different from the old fashioned currency FIAT. By making it this way, BTC will be just another FIAT controlled by the goverment and also it will just erase the pseudo-anonymous principle of BTC and also its decentralized priciple