How big is the role of the government in the development of Bitcoin?

[moonuranus]

If cryptocurrencies will be adopted by the government, that means a whole mass adoption for a country, they can impelement the regular use of crypto which will be a good thing for the cryptoworld

[Alcor]

The government plays a very large and significant role in the development of Bitcoin and cryptocurrency in general. Without legalization of cryptocurrency by the states, the infrastructure for using Bitcoin and other cryptocurrency as a means of payment cannot be developed. Bitcoin without the support of states will remain for use between citizens. Therefore, cryptocurrency needs legalization and regulation of conditions of circulation on the part of states. Only after that cryptocurrency will be able to develop rapidly in society.

[Akash]

The administration who support Bitcoin, it is totally extremely critical factor to improve Bitcoin. Bitcoin will be acknowledged for speculation or installment apparatuses in many nations on the planet. It needs support from most governments from numerous nations around the globe.

[Pegasus]

In general, I don't think governments have anything to do with development of bitcoin. As we know, bitcoin was created to eliminate the involvement of third parties in sending/receiving money. Obviously, those "third parties" include state owned banks. Of course, there maybe this government or that government show interest to bitcoin but that can't hide the fact that their impact is way too subtle.

I only see that governments play a big role in the development of blockchain as the practicality of this technology in real life is undeniable.

[tsakf]

In general, I don't think governments have anything to do with development of bitcoin. As we know, bitcoin was created to eliminate the involvement of third parties in sending/receiving money. Obviously, those "third parties" include state owned banks. Of course, there maybe this government or that government show interest to bitcoin but that can't hide the fact that their impact is way too subtle.

I only see that governments play a big role in the development of blockchain as the practicality of this technology in real life is undeniable.

Absolutely right. Bitcoin was not made to be backed by any third party (government, bank etc). It's strange, how people, want to change it, to become mainstream. If you want a government backed currency, then fiat, banks and visa and other cards are fine. Bitcoin's strength is, that there is no need of a third trusted party. Change this, and it is not Bitcoin any more.

[vegasus]

I agree with you.
Although many people say that Bitcoin is a digital currency, a decentralized coin, the government still holds the influence of its development is a country.
A government has the right and power to ban BTC and it will really influence the society to have activities with BTC and other cryptos. There may be many negative issues that will be delivered through the media in the country. Although some people may still involve in BTC, they will be very careful and limited to access.
On the other hand, if the government legalize or doesn't ban BTC, it will lead the citizens of the country to enter in the crypto world especially BTC more freely. ANd moreover when BTC can be one of the currencies to be used.

[damsix]

Government - Bitcoin - Regulation.
Community - Bitcoin - Traders.

The government will make a price fluctuating effect on Bitcoin.
Traders will continue to be in the shadow of the government to continue to trade and profit.

[mlawson71]

Only Satoshi Nakamoto can answer that question in detail, I think.

[Noverteno]

Only Satoshi Nakamoto can answer that question in detail, I think.

Satoshi Nakamoto himself did not know what would happen to bitcoin after a certain time. He stated that in twenty years, either there will be many Bitcoin transactions, or there will be no transactions.
As for the government of each state, it plays a very important role in the circulation and development of cryptocurrency in the country. It establishes the legal status of cryptocurrency, determines the procedure and conditions for its circulation in society. This means whether cryptocurrency will be recognized as a means of payment and and how it can be used as money. These conditions are very important for cryptocurrency.