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.?
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.?
My opinion is that the government can use any information regarding bitcoin or the blockchain system as a whole, as the blockchain is completely transparent and more than accessible to everyone. Will governments be able to use this data to their advantage? Probably not, since the bitcoin blockchain and provide full security and anonymity