Government & Bitcoin - page 40. | Bitcointalksearch.org

deisik

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Quote from: WEBcreator on July 26, 2016, 12:45:56 PM

Quote from: deisik on July 26, 2016, 12:20:32 PM

So adopting Bitcoin as legal tender (along with other major currencies) may be the right step for a desperate government of a small country

Does or will it have any major effect for the exchange rate of bitcoin considering that some desperate government switch over to bitcoin? I dont really this is going to make a significant impact, unless we could get UK to get their hands on bitcoin then all of this will be meaningless isnt it

Though it may not have an immediate effect (e.g. price hiking to over $1,000), it will, nevertheless, have long-lasting and far-reaching consequences. First of all, that would mean an official recognition of Bitcoin as money (like dollars, euros, etc, and all that UN shit that I don't have a clue about). Secondly, countries that would otherwise have banned Bitcoin, will have tough times doing that since they will most certainly become an object of international ridicule (for banning a legal tender of some tiny spot on the map, lol)...

I don't think any major power would want that, thereby even a small country can make a history of sorts

MaritiJames3

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Governemetns are ruled by rich bankers, which in fact is also applicable for the rest of the world.
And with the bankers against bitcoin, means that governments by default are against bitcoin too. Which is something we cannot change.

WEBcreator

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Quote from: deisik on July 26, 2016, 12:20:32 PM

So adopting Bitcoin as legal tender (along with other major currencies) may be the right step for a desperate government of a small country

Does or will it have any major effect for the exchange rate of bitcoin considering that some desperate government switch over to bitcoin? I dont really this is going to make a significant impact, unless we could get UK to get their hands on bitcoin then all of this will be meaningless isnt it

crairezx20

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Quote from: hasiramasenju on July 26, 2016, 12:14:17 PM

Quote from: richardsNY on July 25, 2016, 07:30:02 PM

Quote from: BitcoinPaw on July 25, 2016, 07:20:58 PM

It's a very interesting question, i really want to see how goverments of many countries will accept bitcoin as legal currency because bitcoin is already internation currency.

Governments will never accept/adopt Bitcoin as currency or in any other form. Why? It's quite simple. They will never use something they can't fully control. I think we have to stop wishing for things that will not happen.

your statement could be true because as we see now that several countries has decide to banned bitcoin from their countries because one of the main factors that they can not control all bitcoin users also don't be forget that bitcoin user didn't paying tax to the countries but only to the miners

I think for now we seen that bitcoin still bann in other countries but i think they will accept bitcoin again.. once if there is a law for bitcoin..
We will wait for future for bitcoin and i think bitcoin is growing year by year..

deisik

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Quote from: oHnK on July 26, 2016, 11:52:28 AM

Quote from: Maesters1- on July 26, 2016, 10:28:23 AM

different governments have different view about bitcoin. some states consider it as illegal currency. while other have consider it a legal currency and they are allowing every act of bitcoin in their state even they are looking for to apply tax of Bitcoin. but some state have yet not statement about bitcoin they neither consider it as a legal or illegal currency.

So far I think no country has declared it as a "legal currency" they dont declare it as something illegal but it is something legal, in general bitcoin is considered as goods or thing instead of currency. If there is a currency that truly acknowledge bitcoin being a legal currency than that country will be taking it as one of the country's payment method

Some countries are using other countries' monies as legal tender. The most recent example of such is Zimbabwe where the authorities being unable to constrain inflation totally abandoned their own currency (Zimbabwean dollar) in favor of a basket of other currencies (mostly US dollars) in 2009...

So adopting Bitcoin as legal tender (along with other major currencies) may be the right step for a desperate government of a small country

hasiramasenju

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Quote from: richardsNY on July 25, 2016, 07:30:02 PM

Quote from: BitcoinPaw on July 25, 2016, 07:20:58 PM

It's a very interesting question, i really want to see how goverments of many countries will accept bitcoin as legal currency because bitcoin is already internation currency.

Governments will never accept/adopt Bitcoin as currency or in any other form. Why? It's quite simple. They will never use something they can't fully control. I think we have to stop wishing for things that will not happen.

your statement could be true because as we see now that several countries has decide to banned bitcoin from their countries because one of the main factors that they can not control all bitcoin users also don't be forget that bitcoin user didn't paying tax to the countries but only to the miners

oHnK

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Quote from: Maesters1- on July 26, 2016, 10:28:23 AM

different governments have different view about bitcoin. some states consider it as illegal currency. while other have consider it a legal currency and they are allowing every act of bitcoin in their state even they are looking for to apply tax of Bitcoin. but some state have yet not statement about bitcoin they neither consider it as a legal or illegal currency.

So far I think no country has declared it as a "legal currency" they dont declare it as something illegal but it is something legal, in general bitcoin is considered as goods or thing instead of currency. If there is a currency that truly acknowledge bitcoin being a legal currency than that country will be taking it as one of the country's payment method

Snorek

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Quote from: richardsNY on July 25, 2016, 07:30:02 PM

Quote from: BitcoinPaw on July 25, 2016, 07:20:58 PM

It's a very interesting question, i really want to see how goverments of many countries will accept bitcoin as legal currency because bitcoin is already internation currency.

Governments will never accept/adopt Bitcoin as currency or in any other form. Why? It's quite simple. They will never use something they can't fully control. I think we have to stop wishing for things that will not happen.

They don't need to accept it they just need to regulate it to the point that creating never ending scam projects like fake cloud mining will be considered a normal crime.
So far cryptocurrency is safe haven for all kind of con artists and crooks who take advantage of either stupidity of people or fact that bitcoin is irreversible payment method.

Maesters1-

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different governments have different view about bitcoin. some states consider it as illegal currency. while other have consider it a legal currency and they are allowing every act of bitcoin in their state even they are looking for to apply tax of Bitcoin. but some state have yet not statement about bitcoin they neither consider it as a legal or illegal currency.

andyste

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my country is not regulated about bitcoin
but is goverment does not prohibit and stop bitcoin
is market placed exchange is my country legal and pay TAX

richardsNY

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Quote from: BitcoinPaw on July 25, 2016, 07:20:58 PM

It's a very interesting question, i really want to see how goverments of many countries will accept bitcoin as legal currency because bitcoin is already internation currency.

Governments will never accept/adopt Bitcoin as currency or in any other form. Why? It's quite simple. They will never use something they can't fully control. I think we have to stop wishing for things that will not happen.

rekinthis

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Quote from: BitcoinPaw on July 25, 2016, 07:20:58 PM

It's a very interesting question, i really want to see how goverments of many countries will accept bitcoin as legal currency because bitcoin is already internation currency.

bitcoin is international currency, but i think that the price might be going down pretty soon because governments might ban it easily

BitcoinPaw

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It's a very interesting question, i really want to see how goverments of many countries will accept bitcoin as legal currency because bitcoin is already internation currency.

Doamader

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Quote from: sobsitesearch on July 25, 2016, 03:20:23 AM

Quote from: oHnK on July 25, 2016, 02:31:31 AM

Quote from: mirakal on July 25, 2016, 01:26:19 AM

And since china is a big country, I would say that other countries will follow especially those countries with allies on china. I wish our country will also consider legalizing bitcoins so we could see so much adopters in the future to come.

Legalizing bitcoin is not gonna help it from being adopted by many people, the thing that will help it from being adopted is actually aome logic socialitation about it, some people dont understand it at all and people are always afraid of things that they cant comprehend or understand

That is correct legalizing is not gonna help, i think to convince more people to adopt bitcoin is to see them that they can easily earn by investing any amount of money. and also i think if the bitcoin will be legal in one country it will start to have tax in every transaction that is not good for us because now we enjoy in transacting bitcoin without any tax involve on it.

As the countries and some banks stop promote bitcoin as the darkeness cureencie or investment option, i doubt people wont get curious to make a deep research, my friends are scary to use bitcoin, because they saw the prison at Venezuela on tv. If countries start accept bitcoin, this will change their opinions or not.

2legit2

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Quote from: ImHash on July 23, 2016, 08:47:34 PM

I bet governments are already profiting from bitcoin and alt coins, while normal people working hard doing mining and trading.
If you think the most powerful organisations in the world are just by standers you are dead wrong.

i think it might be a possible thing, though it is also possible that governments will ban bitcoins and people will not be able to use it in the future

deisik

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Quote from: Yakamoto on July 25, 2016, 05:57:36 PM

Governments will tax whatever they can, but there's no way they'll be taxing clean air. They might start to put some of their taxes into clean air projects, but definitely not air. As for taxing Bitcoin, there has to be enough of a userbase for them to want to tax it and justify it, and if it doesn't show up on their radar that X number of people use Bitcoin in the region, then it might not cross their minds to tax it at all.

On the other hand, it may not be worth the effort altogether. That is, the total costs incurred might exceed the total amount of taxes collected

Yakamoto

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Quote from: HarryKPeters on July 25, 2016, 05:10:47 PM

Quote from: ASHLIUSZ on July 25, 2016, 11:00:18 AM

Quote from: sobsitesearch on July 25, 2016, 03:20:23 AM

Quote from: oHnK on July 25, 2016, 02:31:31 AM

Quote from: mirakal on July 25, 2016, 01:26:19 AM

And since china is a big country, I would say that other countries will follow especially those countries with allies on china. I wish our country will also consider legalizing bitcoins so we could see so much adopters in the future to come.

Legalizing bitcoin is not gonna help it from being adopted by many people, the thing that will help it from being adopted is actually aome logic socialitation about it, some people dont understand it at all and people are always afraid of things that they cant comprehend or understand

That is correct legalizing is not gonna help, i think to convince more people to adopt bitcoin is to see them that they can easily earn by investing any amount of money. and also i think if the bitcoin will be legal in one country it will start to have tax in every transaction that is not good for us because now we enjoy in transacting bitcoin without any tax involve on it.

As bitcoin has increased in popularity and use, it has gained the attention of many governments worldwide.
Taxing the transfer of bitcoin makes it expensive, any transaction involving Bitcoin is a realization event and triggers taxable gain.

Governements will try to tax all. In a few years perhaps even clean air.
Bitcoin taxation is something which is very near. In fact the EU is already very far by taxing Bitcoin.

Governments will tax whatever they can, but there's no way they'll be taxing clean air. They might start to put some of their taxes into clean air projects, but definitely not air. As for taxing Bitcoin, there has to be enough of a userbase for them to want to tax it and justify it, and if it doesn't show up on their radar that X number of people use Bitcoin in the region, then it might not cross their minds to tax it at all.

deisik

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Quote from: Ravion on July 25, 2016, 01:34:39 PM

Quote from: deisik on July 20, 2016, 04:26:40 PM

Quote from: Ravion on July 20, 2016, 02:06:06 PM

Bitcoin is decentralized, while governments want things to be centralized, that's why it's not something they would want to get involved with. Governments would have to have some kind of advantage, to start using bitcoin. Or, if the majority of people start using it, and therefore businesses and companies, then governments would also have to start using it. Governments might actually try to create their own version of bitcoin.

Why people stubbornly continue to repeat that mantra about Bitcoin being decentralized? It has long ceased to be...

I meant that it is decentralized in the way that there is no central bank backed by government control, when it comes to bitcoin. There is no central authority that can legally manipulate the price of it.

Does it mean that price manipulation through cornering the market (e.g. whales pumping or miners dumping) should be considered illegal and thus prohibited?

What difference does it make if the result is pretty much the same (due to lack of true decentralization)?

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Quote from: ASHLIUSZ on July 25, 2016, 11:00:18 AM

Quote from: sobsitesearch on July 25, 2016, 03:20:23 AM

Quote from: oHnK on July 25, 2016, 02:31:31 AM

Quote from: mirakal on July 25, 2016, 01:26:19 AM

And since china is a big country, I would say that other countries will follow especially those countries with allies on china. I wish our country will also consider legalizing bitcoins so we could see so much adopters in the future to come.

Legalizing bitcoin is not gonna help it from being adopted by many people, the thing that will help it from being adopted is actually aome logic socialitation about it, some people dont understand it at all and people are always afraid of things that they cant comprehend or understand

That is correct legalizing is not gonna help, i think to convince more people to adopt bitcoin is to see them that they can easily earn by investing any amount of money. and also i think if the bitcoin will be legal in one country it will start to have tax in every transaction that is not good for us because now we enjoy in transacting bitcoin without any tax involve on it.

As bitcoin has increased in popularity and use, it has gained the attention of many governments worldwide.
Taxing the transfer of bitcoin makes it expensive, any transaction involving Bitcoin is a realization event and triggers taxable gain.

Governements will try to tax all. In a few years perhaps even clean air.
Bitcoin taxation is something which is very near. In fact the EU is already very far by taxing Bitcoin.

Ravion

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Quote from: deisik on July 20, 2016, 04:26:40 PM

Quote from: Ravion on July 20, 2016, 02:06:06 PM

Bitcoin is decentralized, while governments want things to be centralized, that's why it's not something they would want to get involved with. Governments would have to have some kind of advantage, to start using bitcoin. Or, if the majority of people start using it, and therefore businesses and companies, then governments would also have to start using it. Governments might actually try to create their own version of bitcoin.

Why people stubbornly continue to repeat that mantra about Bitcoin being decentralized? It has long ceased to be...

I meant that it is decentralized in the way that there is no central bank backed by government control, when it comes to bitcoin. There is no central authority that can legally manipulate the price of it.

Topic: Government & Bitcoin - page 40. (Read 70830 times)