Topic: Do you think Bitcoin can ruin a Country? - page 30. (Read 28336 times)
If bitcoin becomes the currency of one country, I think it will make the country look more advanced and more modern. Bitcoin will be ruining the country or not, I think it's depends on the system applied from the government of that country. Surely there may be a rule applied (offsetting the use of bitcoin) and continue to monitor its use, or may add taxes also on using of bitcoin on that country surely.
for me bitcoin is a big help to people like me who are a stay at home mom to those people who cannot able to work, bitcoin is a blessing for me at least i can help my partner and i can have my own income. so i disagree that bitcoin can damage a country.
Bitcoin can certainly be used in a damaging way. It can be used to avoid taxes, as you've said, but most are concerned about money laundering and currency outflows. If done on a large enough scale, it can potentially do long term damage to an economy.
Bitcoin will never be able to ruin a country, a state/country does not rely solely on blockchain and in fact a state/country composed of many sectors, industries and people so i dont think bitcoin can ruin all of that but if you talk about certain market or certain kind of business yes i believe there are those that bitcoin can destroy. Many business personalities are getting threatened by everyday growing market of cryptocurrencies that is why they always make a negative opinion towards bitcoin because they know their businesses will hurt a lot by the rise of cryptos.
I think BTC cant ruin a country since btc just like gold where peoples able to invest. Unless that country change their currency into btc.
cmiiw
cmiiw
opinions can be free to say anything but I believe that this bitcoin will not destroy a country
because bitcoin helps citizens to transact
because bitcoin helps citizens to transact
If it is use wisely and properly bitcoin will not ruin our country
but instead it will be a blessing and helpful for individuals.
But if it is abuse it will be a bane.
but instead it will be a blessing and helpful for individuals.
But if it is abuse it will be a bane.
I do not think that Bitcoin can riuin a Countri,
Natural Disaster, Overpopulation, famine, war and crime are some of the factors which can ruin down a country. But I don’t see Bitcoin name anywhere in the list. You may connect Bitcoin to crime because its anonymity nature and decentralization but then if proper rules and regulations are implemented then then risk of cyber crime will automatically reduce. One of the factors which even government are afraid of is that if people shift towards cryptocurrency, then it may decline the economic conditions but then also if taxes are implemented it will not affect the government.
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 dont need tax because its not controll by a govenment and no, it cant ruin a country but rather it can improve it due to the fact that bitcoin is innovative and many uses compare to fiat money and i dont think it can be replace our own currency because some people would face problems and struggle just to use bitcoin if they not techy enough.
I also don't think bitcoin don't ruin a country.But in some ways it can be destructive to because digital currency dont have any taxes so i think it can leads to corruption.
That is the only drawback but it can be overcome when all the Fiat currency are converted into digital currency,then there is no way to do corruption.So it will a big advantage of an country economy.
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 dont need tax because its not controll by a govenment and no, it cant ruin a country but rather it can improve it due to the fact that bitcoin is innovative and many uses compare to fiat money and i dont think it can be replace our own currency because some people would face problems and struggle just to use bitcoin if they not techy enough.
For me, I don't agree with you mate. Bitcoin is a currency that helps to improve & develop a county, not ruin s county or like that kinds of bad things...
although there are several issue between the countries and bitcoin but yes it can't be called for ruin a country because bitcoin currently has turn around became a helper for many people with provide several opportunity to earning money so indirectly bitcoin has slightly solved unemployment problem in the particular countries 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?
Hi! You have a fairly good theory there. Although I think if it becomes a country's currency, it shall be subject to that country's laws, rules and regulations. It will not be the same as it is now (as of writing) because it will surely be centralized for the benefit of that country. It cannot go mass producing such currency without it being under the control of the government to protect and sustain the latter's cause and objectives. It cannot be compared as to how it is to date because it will be of a different class or genus once it becomes a country's legal tender.
Bitcoin can not destroy the economy of the country. While no state intends to abandon its domestic money and ordinary currency. Therefore, nothing threatens the country's economy. In addition, if the crypto currency is recognized as a legal tender, the income from it is taxed, which will give an increase in the economy.
The world of crypto currency lives its own life, but while bitcoin is just getting on its feet, everyone has the opportunity to participate in it. And in the rest it's a matter of time. I think , Yes!
People are now trying to build business which revolve around bitcoin as they consider this could have a bright future ahead. Many developing countries if legalized it there would be many employment created due to btc and remittance issue would be resolved easily within stipulated time and with less money on fees to spent.
i think countries that are able to manage bitcoin correctly have a great advantage now. The important thing is to manage it in the right way.
I don't understand how people have such a desire to obey? What do you mean right or wrong to control bitcoin? Any management contrary to the ideology of cryptocurrency. If you are a user of cryptocurrency that must share their ideology. People still do not understand that the blockchain got their hands on the keys to your freedom. Any attempt to take control of our freedom should find resistance. That is why I am against legalization. 
i think countries that are able to manage bitcoin correctly have a great advantage now. The important thing is to manage it in the right way.
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?
I don't think that. If the country has regulated and legalize the bitcoins, then they will make sure to pull out some solution to collect the tax on transactions related to cryptos. Decentralization is the main reason, why many countries and the leading banks are opposing the concept of cryptos.
Yes if people ditch normal currency for bitcoin....
It definitely is more strong than any nuclear, atomic, hydrogen or any other bomb out there to get rid of masses at will, Bitcoin is designed to diminish the inequality.. that age long barrier in progress which was formed to keep the riches on one side and the commons on the other... bitcoin has already formed a bridge and intends to break the barrier completely,... will that make the rich bank boys happy I doubt it so once the acceptance grows we will definitely see some resistance from the governments forced by big bank boys to suppress the revolution buts its little too late for that as we are here and aware and we no need no harm to anyone we are just redistributing wealth among commons so everybody can live their dreams
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