The sharing economy is just going to continue to grow, and governments will be challenged to understand and manage its implications while embracing its benefits. However, governments will be at a significant disadvantage if they wait too long and newer technologies and markets will have already been developed that do not follow traditional models. Think of the following: Uber is the worlds largest taxi service and owns no cars. Airbnb provides lodging yet does not own real estate.
How will local governments adapt to these new ways of doing business that are disrupting traditional business models? All we know now is that governments are a long way from even contemplating and accepting this new reality.
In that case, the government must now start learning and studying the uprising trends of the modern technology that offer a lot more innovation that will have a great impact to its people and the same thing will be applied in the economy. They must now adapt fast to be able to go with the flow of events that involve with the rise of the economic progress. Though it was hard for their part to do such thing, it is a must need to do to be able have a intimate relationship between government and the uprising technology which involves Bitcoin as a digital and virtual currency.