We still do not understand that bitcoin - like any other currency - does not create value, but simply measures it.
So, there will not be any help to the economy.
Topic: Bitcoin and Economy - page 3. (Read 2988 times)
Taxes drawn by the government from citizens not only come from wealth of money, but from various things, ranging from land, buildings, vehicles, luxury goods, company assets, tourism, tobacco excise, and so on. So it is not a problem for the government, if the government does not know that its citizens have large assets in crypto, but if the government knows, there may be regulation of crypto taxes.
I think there will be more individuals utilizing bitcoin later on, so the administration will have a few measures, maybe first to assess the trade, and afterward impose your encoded cash satchel. Proper assessment is a critical piece of network advancement, just more nations bolster bitcoin to make the network quick improvement.
Taxes is a must, Even if the country has 100% of its citizens engage with cryptocurrency still we need to pay taxes. Taxes in cryptocurrency and taxes in government is different. Maybe it will lessen us for paying taxes. And also that's also the main reason why other government countries didn't accept bitcoin. Taxes are important. It helps the country's to provide goods and services for the benefit of their own people.
if many people in every country continue to believes and used bitcoin their lives will be change even the economy of every country will accelerate or will more better it was due to many people are getting additional income from crypto currency, like what happen in me today, i do not declare all my income to lessen my tax since we can hide our income here in crypto world.
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.
But it’s not going to happen right? Yes its not. You don’t expect civil servants, doctors and engineers and other business men and women’ that has got better jobs to do to sit down and start mining Bitcoin… lol, quite funny. So you’re wrong, very wrong. There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.
And by the way, sometimes and in some countries especially in the third world, paying tax ain’t worth when the government never does what they are supposed to do, and they never care about their citizens all they do is steal from the country.
Bitcoin and economy have the same working and goal for the people make better their money, but many country still not understand how bitcoin can give more chance to their people could have working by investment at bitcoin.
I do not understand how bitcoin could improve an economy: bitcoin is a measure of value, has no value in itself.
If an economy is poor in dollars, it will also be using bitcoins.
The difference is that you can not make fun of citizens by printing paper money.
The fact that you cannot print bitcoin at will is going to be enough to improve the economy, if you wonder why every time that you go to the supermarket everything seems to be slightly more expensive is because governments cannot stop printing fiat, so in an economy dominated by bitcoin we will have the opposite effect, the value of most things will get cheaper with time. If an economy is poor in dollars, it will also be using bitcoins.
The difference is that you can not make fun of citizens by printing paper money.
I think with the rapid technological advancement the government must be able to make policies on the world of cryptocurrency well because people who use crypto in crime will have a negative impact on the country and certainly the country is difficult to progress in the future.
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.
There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.
Government dont put taxes on bitcoin but on goods. Value added taxes attached on goods and when people buying using bitcoin, government already get taxes from that transaction. Beside that, government can collect taxes from profits in exchanger
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.
At that point it is quite likely that governments will try to ban bitcoin but by that time it will be too little too late and it will also be impossible to take the taxes by force so it is possible that a collapse of the government will follow since it will be unable to pay its obligations, we live in a moment in time in which governments are very powerful but with the arrival of bitcoin this will have to change. There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.
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.
if 80% of people in the world uses cryptocurrency,then those country’s will sure have economic growth..imagine how would the market react from that when most investos caming from the lower class,not from the elites There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.
Have a lot of people creat topic and said about this, but it is no sense, actually. Economy is economy, bitcoin is bitcoin, they still not have a lot of affect to economics.
Bitcoin can help poor economies, if the population somehow manages to earn "new" money, perhaps with the bounties.
But this is really small change, the figures that move are too small to influence the budget of a nation in any way.
But this is really small change, the figures that move are too small to influence the budget of a nation in any way.
bitcoin can improve the economy and economy making bitcoin increasingly popular in the world
If you mean economy for people in the family and then yes, but if it meant for the country Bitcoin can't do that. Instead government on certain country thinks that Bitcoin should get banned because Bitcoin could make the economy becomes way worse than it should be like you probably know Bank and Bitcoin are two things that you can't combine and they are fighting each other until now. 
until the moment when 80% of people will use cryptocurrency, I think a compromise from governments will be invented , which will be able to combine the money of the state and modern blockchain technologies
Government will illegallize cryptocurrency if they feel that their own economy is dropping due to the growth of cryptocurrency in their country, that is the reason why some area or countries are not using crypto.
bitcoin can improve the economy and economy making bitcoin increasingly popular in the world
until the moment when 80% of people will use cryptocurrency, I think a compromise from governments will be invented , which will be able to combine the money of the state and modern blockchain technologies
Government will illegallize cryptocurrency if they feel that their own economy is dropping due to the growth of cryptocurrency in their country, that is the reason why some area or countries are not using crypto.
Economy will accelerate the proportion to how we continue to explore the potential while bitcoin needs a lot of analysis to really benefit, unless you are indeed a rich person who only buys bitcoin for long-term assets, I am a person who is reactive to various potentials, the economy will be balanced along with developing trade decisions.
until the moment when 80% of people will use cryptocurrency, I think a compromise from governments will be invented , which will be able to combine the money of the state and modern blockchain technologies
Jump to: