I cannot see any way that the government can actually govern bitcoin. Bitcoin is decentralized, anywhere in this world has bitcoin (by anywhere I mean anywhere with internet access) so how come that a government of a specific country could govern bitcoin. Another, bitcoin is anonymous, how can the government track its citizens if they cannot identify who has bitcoin or who uses bitcoin. I know it's a big
IF but I would like to hear ideas on how the government will govern bitcoin.
You have a huge point , but I think if the government wants to govern the bitcoin the government can create its own wallet app and let it use by the citizens. This is the questions , how can the government make the citizen use the wallet. They can have a partnership with the banks , foodchains or anything that can make the citizens easy to use bitcoin localy. I think thats a way on how can government can govern bitcoin. Its just in my mind it is not absolutely an superb way.
That is a possible way but I don't think that this is enough. They can introduce their own wallet but they cannot force their citizen in using them, unless they will create a law for it. The users can easily create wallets from their smartphone, laptop, desktop. Also, I don't think that the citizen will use that wallet because the government can easily block their wallet, security issues, hacks, trust issues or whatever reasons. For me, it is a good approach for the government in order to govern bitcoin but I don't know if it will be effective enough.