Topic: Do you think Bitcoin can ruin a Country? - page 27. (Read 28332 times)
Because of it`s encrypted nature, bitcoin and other cryptocurrencies causes a lot of problems in form of transactions tracking and taxation. For the moment cryptocurrencies holds quite tiny share in econimic relations, but in the coming years we can expect deeper btc penetration into all sectors of society. It will be a matter of country`s survival how to develop taxation plan and strategy for cryptocurrency taxation to avoid institutions disruptions.
Yes but in a different way that I see. It can help countries financially but I know there will some greedy persons that wants to get more of it so it could lead to major hacking and lots of illegal drug trade and money laundering using btc.
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?
Maybe your right or maybe your wrong,try to think about it,the biggest problem in every country is the financial problem,and bitcoin help other people to earn money in bitcoin,and some people are facing their financial problem because its hard to find a job,what if,that those people who are facing financial problem are joining bitcoin,maybe they are trying their best to earn money and here in bitcoin its easy to earn money,it means there are 60% that bitcoin CANNOT ruin a country but bitcoin is helping some country to raise. What do you think?
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?
What do you think?
Bitcoin will help the country to become more progressive, more prosperity and strong by improving the country's economy. Reducing the unemployment will be a great factor in which bitcoin will give the unemployed the opportunity to earned and become stable in life and also if more people are earning the purchasing power of the masses will increase resulting for the economy to grow because many people now can afford to buy things specially their own products. In addition, government can now collect more taxes for the better good of their country especially if bitcoin is regulated. Regulating will make sure the country will not be ruin because of bitcoin.
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?
What do you think?
A certain nation can be help to be more progressive by the bitcoin but in the same time it can be to destroy as well if the bitcoin will be use in illegal activies by the bad elements such as smuggling drugs, weapon and explosives. In order to avoid this to happen, the people should need to support the regulation so that every transactions can be safely monitored and trace.
I don't think so because bitcoin is here for a better system and better technology in fact bitcoin will help 3rd world country to become more productive economically and help poor people to earn money thru bitcoin and its technology.
That's true bitcoin will surely help your country to improve specially when you support this technology but if you do not you will surely left behind since this defines our future. Bitcoin is really powerful yeah if you don't support this system you country might suffer economically since many big countries are now supporting bitcoin technology.
I don't think so because bitcoin is here for a better system and better technology in fact bitcoin will help 3rd world country to become more productive economically and help poor people to earn money thru bitcoin and its technology.
Bitcoin can not so negatively affect any state, in the end, to destroy it. The state has a lot of leverage to prevent this, even if it were possible. In general, bitcoin should only contribute to the growth of the state's economy and the effectiveness of governance in the state in the case of using the advanced technology of the detachment on which bitcoin is based. I think that most states will not have conflicts with bitcoin and these relations will be optimized for joint cooperation.
I think it's all depend our mentality because we should try to use Bitcoin only for legal work i mean legal sector than never can Bitcoin ruin a country i think.But some people used Bitcoin in illegal sector that is big problem.
Bitcoin will certainly not destroy or ruin a country. FIAT is and will always have the bigger impact on world economy and there will be ways of regulations in the future IF bitcoin becomes mainstream. At least thats what I think.
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?
What do you think?
Fiat currency can build and can destroy a country in which the same with bitcoin currency. Bitcoin can help the country to become progressive but still it can destroy too if it will use in illegal activities such as smugling, drugs, guns and explosives by the bad people therefore in order that bitcoin will not be use in these illegal purpose it is better to regulate it prior legalizing it to ensure that bitcoin can serve in good purpose.
I don't think that bitcoin can ruin any country... It doesn't belong to any country, it breaks borders between them.
So I think that bitcoin makes people from different countries closer to each other
So I think that bitcoin makes people from different countries closer to each other
With bitcoin's greater impact to the lives of the people who wanted freedom, I guess that's not an approriate statement that bitcoin could ruin the country. But the real scenarion here, is we should understand proper specific impression of decentralized currency is always separated with a centralized currency. Fiat paper currency has its own economy which all countries been using for a long time, but if you compared it to digit currency it's more like a growing business that involves a trading platform like buying and selling.
I think, if a State will make major money points as bitcoin and has no lease, it will be able to destroy. and if the bitcoin only for money DIGITAL, I think it would be fine and be nice
Oh yeah definitely! maybe a country with more than 50M population, in that way their currency becomes more valuable than diamond.
Not to mention the lack of liquidity will be their demise if not lack of taxation.
Yeah, and talk 'bout devices that we use to handle our accounts, which everyone can't access due to lack of physical currency, which makes them inaccessible to cryptocurrencies at least. Not to mention the lack of liquidity will be their demise if not lack of taxation.
i think its NO! beacause bitcoin totally bring help for us to make better life and also it takes more opportunity and ease to save money..
I don't think that bitcoin can ruin any country... It doesn't belong to any country, it breaks borders between them.
So I think that bitcoin makes people from different countries closer to each other
So I think that bitcoin makes people from different countries closer to each other
Good question right there 
it could lead to an imbalance in a country's economy if BTCs or other/alternate cryptocurrencies are used regularly for transactions of goods and services. But you can't say that it isn't possible for the government/s to make a tax system for cryptocurrencies, once locally or even globally economically used right? 
it could lead to an imbalance in a country's economy if BTCs or other/alternate cryptocurrencies are used regularly for transactions of goods and services. But you can't say that it isn't possible for the government/s to make a tax system for cryptocurrencies, once locally or even globally economically used right? 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?
What do you think?
Aren't you aware that all these taxes that came from hardworking workers are just robbed easily by corrupt officials?
Bitcoin will make it hard for these bastards.
Yes, bitcoin can destroy a country, because bitcoin can destroy the value of a country's currency. If bitcoin is formally selected by people in a country then the value of the country's currency will down drastically and can destroy a country's economy.
for the moment possible, bitcoint has not been made as a means of payment. if in a country used as currency, it will make the user of bitcoint easy to transact ... and will not make the country lose ...
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