Post
Topic
Board Bitcoin Discussion
Re: Future of Bitcoin
by
meer45
on 25/11/2017, 13:45:35 UTC
Does bitcoin has a promising future considering most governments resisting to acknowledge and accept its use in their economies?

It is a perfectly normal behavior, if you think about it. If you work full time you will know this: How often does a new development happen in your sector, and your company is so slow to recognize it and take action and it frustrates the hell out of you? It happens all the time. And a company is fairly small in comparison to a government, which has hundreds of thousands of employees, and whose decisions affect the lives of millions.

As such, you cannot expect governments to react to every single development so quickly. Since cryptocurrencies are getting stronger, governments have started to express their intent to legalize it and/or regulate it. If you browse the press section you can see such news coming from various governments from around the world pretty much every day. So although some governments are adamant about banning cryptocurrencies or keeping them under control somehow, I think the overall trend is good so far.