Bitcoin and Economy - page 15. | Bitcointalksearch.org

no0dlepunk

sr. member

Activity: 490

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Quote from: costanos02 on May 31, 2018, 06:01:46 AM

We all know that the development of a certain country comes from the taxes of its citizens, and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency?

There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.

That is what this is all about. Sooner, when people are already using crypto in a regular transaction, the government can't do anything about it but to forbid the usage. Just like what they did to cocaine and marijuana. Such losers. ha ha!

victorski

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Activity: 238

Merit: 10

"

Quote from: costanos02 on May 31, 2018, 06:01:46 AM

We all know that the development of a certain country comes from the taxes of its citizens, and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency?
There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.

Yes, it is growing, but in my country, I would say only 0.5% is involved because most of the people think that it is something dangerous and unstable."

Godexists

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in my opinion bitcoin is a cryto currency and a form of electronic cash sent.while economy is concerned w/ production,consumption and the study of how people use resource and respond to currency.

wulian18

newbie

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The state has the right to collect taxes on the profits of transactions. This is a common practice in the world. But at present, the country is not willing to do so because if it means tax, it means a recognition of Bitcoin.

socksserver3

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Activity: 392

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People are gradually beginning to understand that crypto-currencies are the best forms of money, because they are managed only by code, making them a digital sacred contract. The impact of crypto currency on society is not yet fully realized and will not be felt immediately.

ainajane11

newbie

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If bitcoin will be supported by government then the economy of every country will be boost and gaining more support. This can help to improve the community of every country that suffers from many problems.

Magiklair

member

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Today, many central banks are closely following Bitcoin's development. Some of them even proposed a digital version of their currency. For example, the central banks of Canada and Ecuador are among the first to study such opportunities.

Altcoins enthusiast

member

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Bitcoin is the future of the economic and whatever that is happening now should be see as an opportunity to get bitcoin and others cryptocurrencies at a very cheap price. Many countries economic are in bad shape because of fiat and blockchain technology is doing well and many of our economic problems will be resolved.

naily

member

Activity: 350

Merit: 10

To this day they have not found a way to charge cryptocurrency, lucky for all of us Bitcoiners, we can still enjoy our income from Bitcoin without tax deductions. There is a high probability that Bitcoin will be taxed in the future because bitcoin grows faster in popularity but for the time being, let's enjoy our tax-free income. Because Currently, everything is taxed, Bitcoin is the biggest thing that ever happened to us

systematicdeception

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Activity: 154

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Legislators are beginning to realize the huge potential of the detachment, and the rapid spread of the crypto-currency among state and private enterprises, as well as investors, will facilitate accelerated decision-making on the regulatory framework governing the crypto-currency space.

fishball

member

Activity: 336

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Quote from: costanos02 on May 31, 2018, 06:01:46 AM

We all know that the development of a certain country comes from the taxes of its citizens, and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency?

There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.

So far, we can say and assume that there are now millions people that use bitcoin and earn from it. With those earnings, they probably have businesses now which contribute to the economy.

kenlyresuello08

jr. member

Activity: 74

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bitcoin community goes bigger in every second, and if 80% of of citizens engage in an one country, the government will make a new law that all the bitcoin holder will have to pay their tax.

awawo

member

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Merit: 13

The fact that bitcoin can not be physically tax does not mean it users are not tax, take for example the value added tax that we pay on items we buy for our daily use using bitcoin and other currency are other means the government tax it citizens. When you buy goods in the market the company bill you for vat which is included in the Price of such goods which are remitted to the government that is the way government tax bitcoin indirectly so bitcoin is not free from tax unless you don't use to purchase goods.

mhhyysqa

newbie

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More and more people use bitcoin will be a trend. I think the government will soon begin to levy taxes on transactions and those who hold bitcoins.

Bakemat

sr. member

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Quote from: costanos02 on May 31, 2018, 06:01:46 AM

We all know that the development of a certain country comes from the taxes of its citizens, and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency?

There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.

Yes you are right it comes from the taxes and that is the reason why cryptocurrency can actually destroy the economy of a country but if government decided to also use cryptocurrency like creating their own mining hardware they their economy will be improving a lot more just like japan today.

giarised

full member

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Quote from: Pecinan on June 13, 2018, 02:36:30 PM

if the government imposes a tax on bitcoin users the first thing the government should do is to issue clear rules or laws for the world of crypto

I think these governments have to review such rules and if not found, they must legislate new rules accordingly. Now the issue is, people want to invest in such crypto but they don’t want to pay taxes. There must be a mid between such taxes extreme. We, on the other hand, must consider this option and make our minds okay to pay taxes continuously over transactions that we made.

Blondy12

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Activity: 364

Merit: 100

Quote from: costanos02 on May 31, 2018, 06:01:46 AM

We all know that the development of a certain country comes from the taxes of its citizens, and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency?

There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.

I have been answering the same questions regarding taxes and bitcoin over and over again. How can other say that bitcoiners doesn’t pay taxes just because it is decentralised and cannot be controlled or trace by the government? When the fact is, bitcoin cannot be use as bitcoin itself to pay for everything except those very few establishments. Before we can use our bitcoin, we should converted it into fiat first before we can pay our bills and by doing that then there goes the revenue.

ToyotaFortuner

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bitcoin and economics, bitcoin can be one of the alternative economic solutions that exist with bitcoin the world economy can become more decentralized and can be safer when in use and when bitcoin use in the presence of bitcoin can also be used for long-distance payments and the cost is very cheap.

nano77

full member

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Merit: 100

bitcoin will continue to grow and many will use bitcoin and with such a situation the government will surely find a way to get them to pay taxes for economic growth

setialovers

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Quote from: costanos02 on May 31, 2018, 06:01:46 AM

We all know that the development of a certain country comes from the taxes of its citizens, and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency?

There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.

Right now, government want to regulate cryptocurrency and their citizen can not avoid for paying taxes. We know that technology can be tracked and government realize how big crypto if regulation can be issuing. With regulation, government have right to collect taxes from crypto trading

Topic: Bitcoin and Economy - page 15. (Read 2988 times)