Do you think Bitcoin can ruin a Country? - page 14.

jaocoincrypto18

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Quote from: [email protected] on April 17, 2018, 04:58:49 PM

Bitcoin came into existence to boost individual and country economy but not to ruin country economy. Bitcoin trading creates a lot of job opportunities for many youth there by relieving government of their responsibility.

Indeed, these are positives aspects of the Bitcoin in which it will help a certain country to become a more progressive nation but if that certain nation will not regulate the use of Bitcoin currency then for sure it will help to ruin the country because it could be possibly use in illegal activities like money laundering to smuggle illegal goods and it might use in a scam by using the Bitcoin platform as investments to steal money from the people. These negative aspects are the only few things that may ruin the country so therefore we should help and support the regulation to ensure the safe use of Bitcoin.

Tigorss

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Quote from: FlightyPouch on January 30, 2017, 10:28:52 PM

Well, i just thought, if bitcoin become a currency of one Country, maybe it can destroy that country? Think of it, Bitcoins do not have a tax, and tax are used by the government to make that country a good one, without tax, what will be used to spend and make that country a good one?

What do you think?

crypto currency or virtual currencies such as Bitcoin can pose a risk to financial stability if adopted on a wide scale. there is still a significant obstacle for Bitcoin to dominate the currency.

t2yax

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Arianee:Smart-link Connecting Owners,Assets,Brands

Quote from: Abuloool123 on April 18, 2018, 01:38:29 PM

again, depends what country you're in. in the US for instance you're expected to pay capital gains tax on profits realised. so if you paid alot less than what you sell them for you're expected to declare that profit and pay the tax on it. they also seem to want you to pay tax when you spend it as well if you paid less for it but i've no idea how that would work and i wouldn't bother mentioning it.

the fees are to the bitcoin network. no tax there.

Its about the government who will regularized or legalized the bitcoin in your own country. As we can see, if the government is corrupt, indeed, we have a problem in legalizing it, and we are having a problem if they are legal, they are always a transaction fee such as government taxes and other hidden charges in bitcoin transactions.

Abuloool123

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again, depends what country you're in. in the US for instance you're expected to pay capital gains tax on profits realised. so if you paid alot less than what you sell them for you're expected to declare that profit and pay the tax on it. they also seem to want you to pay tax when you spend it as well if you paid less for it but i've no idea how that would work and i wouldn't bother mentioning it.

the fees are to the bitcoin network. no tax there.

Amrxx

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I do not see the possibility of bitcoin to destroy the country, but there are chances to kill the economy and also undermine the structure of power!
What for ordinary people is only a plus!

ubercab90

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Quote from: qwerty12 on April 18, 2018, 10:15:47 AM

The government always says that bitcoin can harm the country because it is not taxed, but I think if a country's government is going to set the bitcoin properly, bitcoin can be taxed and can contribute to tax revenue for the government. in other words bitcoin will not ruin a country if its government is willing to set bitcoin properly.

especially regarding that government can create laws needed to regulate bitcoin. After this usega of digital assets can be taxed and the last reason for "ruining the country" will disappear

Grossmann Jr.

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Bitcoin can't ruin a country, but a certain country can say that bitcoin can ruin a country - there is a big difference here. Government is worried about paying taxes out of assets and doing it with crypto is much more diffuclt

qwerty12

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The government always says that bitcoin can harm the country because it is not taxed, but I think if a country's government is going to set the bitcoin properly, bitcoin can be taxed and can contribute to tax revenue for the government. in other words bitcoin will not ruin a country if its government is willing to set bitcoin properly.

zuyfg888

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I think bitcoin cannot ruin our own country. Bitcoin will be one of the best innovation of every country. Bitcoin can also help our own country economic growth. We see how much bitcoin is being treated by our country. Some countries banned crypotocurrencies. We should promote bitcoin to our country to make its value grows high.

CryptoProphet

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Very strange question
Before using bitcoins for the currency of any country, I think all the legal aspects of this issue will be considered, the taxation will be relevant to this.

[email protected]

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Bitcoin came into existence to boost individual and country economy but not to ruin country economy. Bitcoin trading creates a lot of job opportunities for many youth there by relieving government of their responsibility.

RunMikeRun

newbie

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I don't see any opportunities for bitcoin to ruin a country, even can not come up with something. Bitcoin gives a positive impact on society, nothing more

CryptoCZe

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I dont see how bitcoin can ruin the country. Some crypto-currencies are disadvantageous to intermediaries like banks, but they are unlikely to be able to destroy the country,

rafael12jose

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Saludos a todos me pregunto que saben ustedes de una moneda para los youtubers?
Huh

MLBBPLG

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if the state does not use taxes, they will not have any council of state, such as Army, Police, and other member states
because they most of the salary they earn is from taxes

King Koy

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Quote from: FlightyPouch on January 30, 2017, 10:28:52 PM

Well, i just thought, if bitcoin become a currency of one Country, maybe it can destroy that country? Think of it, Bitcoins do not have a tax, and tax are used by the government to make that country a good one, without tax, what will be used to spend and make that country a good one?

What do you think?

Try also to think of it, do you think government will allow that to happen if they can see that they can not control over it when it comes by getting taxes? Of course no! Yes government can not control bitcoin but if it becomes a currency of a country, many exchanges will come and the transaction will grow and since it is now a legal business and very trending they can put taxes with that exchanges and to the community.

ronealdenila

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Telegram Username: @Webn_BountyManager

For me, bitcoin won't ruin a Country because, at the first place, many cryptocurrency is created today because they believe it's profitable and once they make boom of it, the owner must have the responsibility to pay back to the government that will serve as their tax. It's not about the new generation but the people itself who has the power to control everything. If crytpo owner corrupts then bitcoin will be considered as the ruiner of the country.

1jaffa1

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I think this is returned to everyone, if this bitcoin is in the hands of the evil will certainly damage a country ,, because bitcoin transactions are difficult to track ,, but it will be different if there is in the hands of a good person ,,

crisanto01

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Quote from: rapidleech on April 15, 2018, 10:06:20 AM

What ? why woyld it ruin anything? . Bitcoin does not destroy the country, on the contrary, it gives great opportunities both for business and for the economy.

So far now it is hard to see and to tell the negative outcome that bitcoin is doing negative in the country. As what we are seeing now is that bitcoin are giving opportunity for each user/investor such as investment and the ability to increase their purchasing power.

rapidleech

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What ? why woyld it ruin anything? . Bitcoin does not destroy the country, on the contrary, it gives great opportunities both for business and for the economy.

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