Quote from: wantjokull on April 02, 2018, 04:47:24 AM

Since many years bitcoin lurking around the blockchain which is nothing but its boundary. However both of them are still different and we can choose from them.

BLOCK-CHAIN : Is self sustaining platform, decentralised one and if you want to use it then you are free to do so. Taking that into consideration great smart contracts were produced already such ETH on which different ICO projects are now being evolved.

BITCOIN : Just an algorithm or contract that runs on the BLOCK-CHAIN for its own existence and is valued separately depending upon the demand-supply and investments that are being made into it. It is more or less helpful in different applications such as transactions, storing the value, and all the processes of investing it and growing your earnings. This comes when the end user is going to use it. This all happens over the block-chain itself.

Now reading the title one more time :

Quote

Government Will Use Blockchain But Crypto Currencies Will be Ignored?

We always keep reading that

Government is going to BAN the crypto currencies/Bitcoin.
Government is not able to understand the useful aspects of this New-Technology (Referring to Blockchain)
Government will never regulate the block-chain and thus they will turn it into centralised one etc.

But do we really need to ask such questions ?
Do you guys really think government will ever care about the Bitcoin if they started exploring the applications of Block-Chain and just ignore the crypto currencies?
Its decentralised thing, we can use it freely then obviously Government can do the same too?
They can manage to create whole new world of crypto's or may be gov-crypto's and may spread the word about it, ignoring the existence of whole crypto currency that we see today?
Have you guys ever had such questions on your mind? How do you propose this matter in long terms?

Yes, the blockchain is a technology, and the cryptocurrency, led by bitcoin, is just a token created to support these technologies. So the government is not against blockchain technology, and they are against the idea of using blockchain technology as a cover for money.

Michellekking

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