Re: What will happen if Bitcoin gets official permission from the government...???
Bitcoin is an independent Cryptocurrency that no other third party takes advantage of transactions from two sides. This is a peer to peer transaction conducted by sellers and buyers only. Cryptocurrency transactions do not need to be identified or verified by the recipient of the funds when the funds are sent, that is what makes many people choose to use bitcoin.
Does the government mix in managing transactions for each user?
If the government mixes in managing transactions, will they take advantage of every transaction
What is your opinion.?
The current status of bitcoin is as a decentralised crypto currency as there is no such proper authentic regulating body over the bitcoin who could keep eye over all the bitcoin activities but now with time people started understanding the fate and potential of bitcoin and start investing into bitcoin and now the condition is that there are millions of people around the world who are investing into bitcoin and this will be so beneficial for all of us if bitcoin get centralised all over the world as then it will become the payment method world wide.Does the government mix in managing transactions for each user?
If the government mixes in managing transactions, will they take advantage of every transaction
What is your opinion.?
I think it is not impossible than bitcoin is officially permitted by a government. Because nowadays many countries allow bitcoin to regulates. So a little push, bitcoin will get the ifficial permission from the government all over the world.