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

[Iconic]

I don't really know about how important the role of government, but when government states to accept it then the price of Bitcoin can increase suddenly. It can describe the role of government along the improvement of Bitcoin. However, there are many countries that don't accept it yet. It is a real obstacle.   

[Fenix]

Bitcoin can exist without a state and people can use it as an investment vehicle and as a means of payment. However, without legalization of cryptocurrency by the state, it will not be able to develop further. The infrastructure for the use of cryptocurrency will be developed only with the support of its states.

[trauchot]

Bitcoin is being developed not as fast as it could be because governments do not want to legalize bitcoin in all over the world. When this will happen, we will see a completely different bitcoin and bitcoin will grow and will develop much faster.

[Rindian]

Bitcoin without the role of the government can progress rapidly. If the government can support it wholeheartedly, or at least it can provide an opportunity for legal in his country. Bitcoin can certainly dominate the market or can master fiat money.

[Fenix]

Bitcoin without the role of the government can progress rapidly. If the government can support it wholeheartedly, or at least it can provide an opportunity for legal in his country. Bitcoin can certainly dominate the market or can master fiat money.

Without Bitcoin legalization by the state, its further development as a means of payment is impossible. Business structures will not take risks in order to massively switch to Bitcoin calculations, because they will start having problems with the tax authorities. Only after the legalization of Bitcoin by the state is it really possible for it to be widely used since only then will the infrastructure for carrying out practical calculations in Bitcoin through shopping centers grow.

[Warung_lontong]

the government is very instrumental in the development of bitcoin in the future, and the announcement of the government's announcement has a profound effect on the increase and decrease in the price of bitcoin.

[Bit]

Sometimes, it holds big influence because it determines how far we can involve ourselves in the crypto world. If it is not legal and forbidden in a country, it will really limit us to make crypto and enter in this crypto world.

[tsakf]

Sometimes, it holds big influence because it determines how far we can involve ourselves in the crypto world. If it is not legal and forbidden in a country, it will really limit us to make crypto and enter in this crypto world.

There are less than ten countries in the world that had banned bitcoin. There is a great misconception.here. Legal tender is something different than legal/illegal. In most countries, it is not legal tender. This means, that you cannot pay taxes with it. It is legal to be used, you just have to find fiat money, to pay the taxes on a Bitcoin related transaction. I have to clarify, that many countries, have exempted buying/selling bitcoins from taxes. Only when you buy goods/services with Bitcoin, you have to pay sales tax, VAT, or whatever.

[etheridge9]

It's really confusing, because many countries are against cryptocurrencies as whole, they reject the idea of "online money" - some of them even ban crypto and activities around them - but also more and more governments decide to support crypto, invest in them, they see a potential in it. It's sad that we as a humanity can't agree in anything ;/

[tsakf]

It's really confusing, because many countries are against cryptocurrencies as whole, they reject the idea of "online money" - some of them even ban crypto and activities around them - but also more and more governments decide to support crypto, invest in them, they see a potential in it. It's sad that we as a humanity can't agree in anything ;/

Most small countries, see cryptocurrency positively, because it is easy, to be a hub, of many blockchain projects, Other countries, are big, and they rely on their size to be against. Although, in history ,there are many examples where big where defeated from small.

[Len]

Taking into account historical development, it could be seen that government did not have any influence in creation or acceptance of crypto currencies. The only interference was when their officials say that they will regulate or ban cryptos. Then the price would usually drop

[tonymillions84]

bitcoin has always been a decentralized body on its own. i don't thing it have anything to do with the government. the government has little or no role on it. i think countries that are in recession might use bitcoin as a means to settle some financial issues.

[IyemRoker]

Bitcoin doesn't need to be developed by the government!!
Bitcoin is real like that.

What must be developed is that anyone who supports Bitcoin must always be developed.
Example nay is the new altcoins that have been developed through ICO, IEO, TEC or whatever.

[Jayde]

Yes the development of Bitcoin and crypto will soon supported by government, and they will be the main reason for the market to recover

[saprakib]

The role is all the concern about what govern make their step.The development will be on high process if govt support.