Bitcoin - Can it boost or break a countries economy? - page 20.

Beerwizzard

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Quote from: Kakmakr on September 19, 2017, 03:48:43 AM

Will this remove their control or would it be just another payment option, like PayPal?

PayPal is fully controlled by the governments on the local, it is not eligable in some countries and in the other countries you can't have full account (like you can't send money to other users and only can purshase in online stores) . But bitcoin anyway is a payment option. It is more secure if you want to save your money from regulations and inflation. But the fact is that governments are destroying their own economy, not bitcoin. BTC only make things faster. Removing regulations will destroy the current economy but will make a new opportunities.

Bolt Brownie

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I think if governments fail to regulate bitcoin, it will certainly disrupt the society and the economy as we know it. I don't think anyone want's that. There is no real advantage in complete chaos. I think we will find a middle term, and bitcoin will actually make the world a more balanced place. So if governments and people don't become to greedy, everything will be fine.

WatchMaker

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Governments don't like bitcoin because they don't control it. People are in full control of their money/asset with bitcoin.
Bitcoin helps people financially because of its value, but on the other hand, it stops government from using people's money and perform their budgeting and planning activities. Wink

nicster551

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Quote from: sheldonnnn on September 19, 2017, 02:03:49 PM

The government of my country does not want to legalize bitcoin. Because all transactions are anonymous and decentralized. The government can not control this and get taxes. People can become richer thanks to Bitcoin, that's great, but it's clear to me why the government does not like it.

The government wants to protect their citizen from the illegal activities that may happen in their country because of bitcoin anonymous transaction they didn't track any malicious transaction that occurs in their country.

Mometaskers

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I don't think it might break a country since I see it more as a currency but it may give a boost, depending on how advanced the country is. In a third world country like where I live, 6 bitcoins would be enough for a million, even at the current exchange rate. If someone here managed to get into btc during the earlier stages, that person would be rich by now. Sure the fiat money he'll get is still from within this country but what he/she does with it would still have an effect on the economy.

sheldonnnn

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The government of my country does not want to legalize bitcoin. Because all transactions are anonymous and decentralized. The government can not control this and get taxes. People can become richer thanks to Bitcoin, that's great, but it's clear to me why the government does not like it.

taktik

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Quote from: joseafonso123az on September 19, 2017, 12:32:11 PM

The part of government banning it as a last resort, I agree with that, countries can regulate this to some sort.
Now, it can boost a country's economy, but for that, I believe it has to get more stable, because a fluctuating economy guiding the finances of one country might mean a big havoc. Once this gets stable, and with all the advantages that this brings, I think it wouldn't be an issue for any country in order to boost their economy.

I think that in no way can the crypto currency catch the economy of the country, Although if we take into account that people will stop working as slaves at the enterprise, and they will earn on the Internet with the help of crypto currency, this may somehow affect, Although all the money that they will earn anyway they spend in this country and thus everything goes to the treasury of the state. Therefore, I do not think that a crypto-currency can harm the state. Although the state will always be able to make a dirty trick to the user of crypto currency. This is already known to everyone as and when this happens.

joseafonso123az

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The part of government banning it as a last resort, I agree with that, countries can regulate this to some sort.
Now, it can boost a country's economy, but for that, I believe it has to get more stable, because a fluctuating economy guiding the finances of one country might mean a big havoc. Once this gets stable, and with all the advantages that this brings, I think it wouldn't be an issue for any country in order to boost their economy.

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Quote from: Kakmakr on September 19, 2017, 03:48:43 AM

Most countries are in full control of their own monetary policies and financial systems. If a alternative currency is introduced, would this improve or reduce the efficiency of a country?

Will this remove their control or would it be just another payment option, like PayPal?

Why are governments so scared of Bitcoin, if they can regulate it's use. The first defensive tool seem to be banning the technology, which in my opinion should be the last resort. Should they not analyse the threat based on proper research and public participation. < like they did in Canada > and then make harsh decisions like this?

Why are they ignoring the advantages that this technology might bring and implement extreme precautions as a primary action?

Is Bitcoin really such a big threat to them or are they just misinformed on purpose? < influenced externally by people with hidden agendas >

Let's discuss this please.

I think it can help to boost economy of a specific country because we all know that bitcoin nowadays are very helpful in terms of many aspects like financial support and of course if there are emergencies we can use it. And also bitcoin value can also help the countries in terms of the income earned by the country and the value of it's currency.

Fatunad

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Quote from: Kakmakr on September 19, 2017, 03:48:43 AM

Most countries are in full control of their own monetary policies and financial systems. If a alternative currency is introduced, would this improve or reduce the efficiency of a country?

Will this remove their control or would it be just another payment option, like PayPal?

Why are governments so scared of Bitcoin, if they can regulate it's use. The first defensive tool seem to be banning the technology, which in my opinion should be the last resort. Should they not analyse the threat based on proper research and public participation. < like they did in Canada > and then make harsh decisions like this?

Why are they ignoring the advantages that this technology might bring and implement extreme precautions as a primary action?

Is Bitcoin really such a big threat to them or are they just misinformed on purpose? < influenced externally by people with hidden agendas >

Let's discuss this please.

It cant boost rather it would break countries economy because if its citizens would tend to use bitcoin taxation would really be lessen and would result on instability.Knowing that government cant really do anything to control bitcoin it might be possible to impose taxes but on the way on services which do use bitcoin it can help up but would still depend if citizens would be still willing to pay up complete taxes inspite on using bitcoin.

player514

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Quote from: Sled on September 19, 2017, 09:33:24 AM

Bitcoin can boost a countries economy because it will help the people to earn money and the people will use those money to spend on the things that they want and those profit of the shop or the store that the people used to buy things with. Then it will boost the shop or the store's income and the tax of that store will go up too and it will help the country to have a better income which will help itself to improve its system and economy.

I agree with this statement, but what if sellers start accepting bitcoin solely as a payment option? Wouldn't that mean that everytime they exchange bitcoin for bitcoin, they dodge the tax payments? I think in the future taxes and bitcoin in countries is what will cause a slight dip.

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If government control bitcoin, it will break bitcoin as decentralized currency so government will control and provide tax on bitcoin usage.
I think most people dislike this !

And for another reason, bitcoin can be use as criminal activity so that's why some country still not legalized bitcoin yet ( can be use for corruptor,money laundry , etc )

Ch1bi

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Bitcoin can definitely boost an economy. Sure governments are scared about but a lot of it comes from a lack of understanding of the technology behind Bitcoin. If governments can find some middle ground to accept Bitcoins, a lot of people would benefit from it.

thejaytiesto

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Quote from: Kakmakr on September 19, 2017, 03:48:43 AM

Most countries are in full control of their own monetary policies and financial systems. If a alternative currency is introduced, would this improve or reduce the efficiency of a country?

Will this remove their control or would it be just another payment option, like PayPal?

Why are governments so scared of Bitcoin, if they can regulate it's use. The first defensive tool seem to be banning the technology, which in my opinion should be the last resort. Should they not analyse the threat based on proper research and public participation. < like they did in Canada > and then make harsh decisions like this?

Why are they ignoring the advantages that this technology might bring and implement extreme precautions as a primary action?

Is Bitcoin really such a big threat to them or are they just misinformed on purpose? < influenced externally by people with hidden agendas >

Let's discuss this please.

It's obvious that a government doesn't really benefit from bitcoin... why would they want a currency they cannot control? governments work by governing, in other words they dictate the rules. Bitcoin has its own set of rules that are neutral for everyone. A government will never lose its ego and follow rules that aren't their own (and if you believe in deep government stuff, they they break their own rules behind the curtain, which they cannot do under bitcoin)

Bitcoin is a neutral catalyst for the world to put their wealth on there. Some people save their ass thanks to bitcoin in countries like Venezuela, yet in China they will they you it's evil or western banksters will tell you its a fraud.

Bitcoin is what it is, don't let some idiot define it for you because he has a lot of fiat.

Sled

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Bitcoin can boost a countries economy because it will help the people to earn money and the people will use those money to spend on the things that they want and those profit of the shop or the store that the people used to buy things with. Then it will boost the shop or the store's income and the tax of that store will go up too and it will help the country to have a better income which will help itself to improve its system and economy.

vok-wok_hok

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Governments are afraid to introduce bitcoin because of its too unstable prices, it will be very inconvenient to use. Also, in too poor countries, there is no system for calculating electronic money. This requires a lot of time.

Kotone

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Quote from: Kakmakr on September 19, 2017, 03:48:43 AM

Most countries are in full control of their own monetary policies and financial systems. If a alternative currency is introduced, would this improve or reduce the efficiency of a country?

Will this remove their control or would it be just another payment option, like PayPal?

Why are governments so scared of Bitcoin, if they can regulate it's use. The first defensive tool seem to be banning the technology, which in my opinion should be the last resort. Should they not analyse the threat based on proper research and public participation. < like they did in Canada > and then make harsh decisions like this?

Why are they ignoring the advantages that this technology might bring and implement extreme precautions as a primary action?

Is Bitcoin really such a big threat to them or are they just misinformed on purpose? < influenced externally by people with hidden agendas >

Let's discuss this please.

I think that it would really be a big boost in a countrys economy because it offers a lot of advantages to people and consumers but most especially to the capitalists as it makes everything smoother, faster and everything else digital and makes it electronic.

Kakmakr

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Most countries are in full control of their own monetary policies and financial systems. If a alternative currency is introduced, would this improve or reduce the efficiency of a country?

Will this remove their control or would it be just another payment option, like PayPal?

Why are governments so scared of Bitcoin, if they can regulate it's use. The first defensive tool seem to be banning the technology, which in my opinion should be the last resort. Should they not analyse the threat based on proper research and public participation. < like they did in Canada > and then make harsh decisions like this?

Why are they ignoring the advantages that this technology might bring and implement extreme precautions as a primary action?

Is Bitcoin really such a big threat to them or are they just misinformed on purpose? < influenced externally by people with hidden agendas >

Let's discuss this please.

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