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Topic: Government & Bitcoin - page 66. (Read 70850 times)

legendary
Activity: 2562
Merit: 1414
June 14, 2015, 08:05:52 AM
If bitcoin really will be banned, I think no one will make a online shop with the bitcoin as the currency, or make other bitcoin website in the country, so the bitcoin will be so hard to developed.

Banning it will not stop anything actually, it will just force BTC to step into underground pace. The same thing with drugs and stuff, it is illegal in most countries but that dont stop people from using or distributing it. Although this would means that BTC will be acknowledge at something similar of "criminal related stuff" or so

If the government may cooperate with bitcoin, they will help to introduce what bitcoin is to society and put high tax on it

This will be a breeze of air and the best possible case ever but some BTC user despise goverment and also tax. Last I heard Elwar ditched all his credit cards and going to live without paying any tax

P.S : I lost track on this news, perhaps you could use search function for it

that's why there were so many news told us several crime cases that related to bitcoin.

To be honest that a fault from the BTC user. Media play a role in reporting a case which unfortunately the case is about someone using BTC to purchase some illegal things i.e silkroad. Its not the media that ruin BTC but it is the BTC user that ruin it, most people will now see BTC as a criminal related stuff due to all this negative publicity
legendary
Activity: 2982
Merit: 1506
Pie Baking Contest: https://tinyurl.com/2s3z6dee
June 14, 2015, 02:10:47 AM
Care to elaborate more about what you meant by "attack". Thoughts I have addressed this but the worst they could do will be to either bann BTC or put on a high tax for the BTC/FIAT exchanger to discourage people.
Banning BTC will never be a succesful way for them to "attack" BTC because eventually it will just lead BTC deeper underground. Most people will still use it eventhough it has been bann i.e russia

So I think if bitcoin grow up in future, the government will prefer try to put on a high tax for bitcoin than ban it, since if they do ban then they won't gain anything, and if they legalize it than put on a tax, they get profit. If bitcoin really will be banned, I think no one will make a online shop with the bitcoin as the currency, or make other bitcoin website in the country, so the bitcoin will be so hard to developed. If the government may cooperate with bitcoin, they will help to introduce what bitcoin is to society and put high tax on it, but if they may not, they will do anything to make bitcoin is bad thing to society with mass media helping. I guess that's why there were so many news told us several crime cases that related to bitcoin.
legendary
Activity: 3248
Merit: 1070
June 14, 2015, 02:00:58 AM
It doesnt matter if you agree or not because that is not your call to do so. Laws are the main thing government use to control his country and your job would be to bow down before the law ofcourse and ofcourse sooner or later once government start to acknowledge BTC and its threat to their economic structure then we will see a heavy tax on BTC/FIAT exchange to discourage user.

well soo the black market will act to allow users to get the bitcoins as to sell them ,currently able to get them on exchanges... if government take a huge step ,btc comunity will find a way to avoid them .... the same think some people declare the btc ammount holding others just dont....

I doubt that it will go way that far. Worst thing would be that some people will be discouraged to exchange it to FIAT and the others might still be doing it as usual. It is pretty simple to avoid it anyway because people could do a peer-2-peer exchange without involving any exchanger thus this could be use to avoid the huge tax when you are exchanging it to FIAT



if governments would think to attack bitcoin ,well for them is pretty easy to be buying bitcoins and trying to control the price...but why they should do that?they control the currencys already....countryes make the bump and dump very easy.... and yes a pression but when bank acts all market react

Governments will attack bitcoins in the future and that is for sure. Governments are very intelligent and criminal minded people they will only look at their profits so they are waiting for bitcoin to grow so once the bitcoin grows and reaches to the stable price they will definitely attack the bitcoin.

what governments you're talking about? not all the governments are aghainst bitcoin, many will embraces it, because they know they can gain tons of money on taxes if it become big, if not, then they will simply not care, and bitcoin will be used for a very niche market, and from nerd only
legendary
Activity: 2562
Merit: 1414
June 14, 2015, 12:53:18 AM
I doubt that it will go way that far. Worst thing would be that some people will be discouraged to exchange it to FIAT and the others might still be doing it as usual. It is pretty simple to avoid it anyway because people could do a peer-2-peer exchange without involving any exchanger thus this could be use to avoid the huge tax when you are exchanging it to FIAT


Governments will attack bitcoins in the future and that is for sure. Governments are very intelligent and criminal minded people they will only look at their profits so they are waiting for bitcoin to grow so once the bitcoin grows and reaches to the stable price they will definitely attack the bitcoin.

Care to elaborate more about what you meant by "attack". Thoughts I have addressed this but the worst they could do will be to either bann BTC or put on a high tax for the BTC/FIAT exchanger to discourage people.
Banning BTC will never be a succesful way for them to "attack" BTC because eventually it will just lead BTC deeper underground. Most people will still use it eventhough it has been bann i.e russia
sr. member
Activity: 490
Merit: 255
June 14, 2015, 12:34:20 AM
It doesnt matter if you agree or not because that is not your call to do so. Laws are the main thing government use to control his country and your job would be to bow down before the law ofcourse and ofcourse sooner or later once government start to acknowledge BTC and its threat to their economic structure then we will see a heavy tax on BTC/FIAT exchange to discourage user.

well soo the black market will act to allow users to get the bitcoins as to sell them ,currently able to get them on exchanges... if government take a huge step ,btc comunity will find a way to avoid them .... the same think some people declare the btc ammount holding others just dont....

I doubt that it will go way that far. Worst thing would be that some people will be discouraged to exchange it to FIAT and the others might still be doing it as usual. It is pretty simple to avoid it anyway because people could do a peer-2-peer exchange without involving any exchanger thus this could be use to avoid the huge tax when you are exchanging it to FIAT



if governments would think to attack bitcoin ,well for them is pretty easy to be buying bitcoins and trying to control the price...but why they should do that?they control the currencys already....countryes make the bump and dump very easy.... and yes a pression but when bank acts all market react

Governments will attack bitcoins in the future and that is for sure. Governments are very intelligent and criminal minded people they will only look at their profits so they are waiting for bitcoin to grow so once the bitcoin grows and reaches to the stable price they will definitely attack the bitcoin.
Yes the true criminals are not the people who have a tattoos sometimes their wear a tie. That is the government officials who only want is to have a money make them selves richer than to others. And aslo doesn't care about people.
hero member
Activity: 533
Merit: 500
June 13, 2015, 11:33:47 AM
It doesnt matter if you agree or not because that is not your call to do so. Laws are the main thing government use to control his country and your job would be to bow down before the law ofcourse and ofcourse sooner or later once government start to acknowledge BTC and its threat to their economic structure then we will see a heavy tax on BTC/FIAT exchange to discourage user.

well soo the black market will act to allow users to get the bitcoins as to sell them ,currently able to get them on exchanges... if government take a huge step ,btc comunity will find a way to avoid them .... the same think some people declare the btc ammount holding others just dont....

I doubt that it will go way that far. Worst thing would be that some people will be discouraged to exchange it to FIAT and the others might still be doing it as usual. It is pretty simple to avoid it anyway because people could do a peer-2-peer exchange without involving any exchanger thus this could be use to avoid the huge tax when you are exchanging it to FIAT



if governments would think to attack bitcoin ,well for them is pretty easy to be buying bitcoins and trying to control the price...but why they should do that?they control the currencys already....countryes make the bump and dump very easy.... and yes a pression but when bank acts all market react

Governments will attack bitcoins in the future and that is for sure. Governments are very intelligent and criminal minded people they will only look at their profits so they are waiting for bitcoin to grow so once the bitcoin grows and reaches to the stable price they will definitely attack the bitcoin.
legendary
Activity: 2562
Merit: 1414
June 12, 2015, 08:07:47 PM
It doesnt matter if you agree or not because that is not your call to do so. Laws are the main thing government use to control his country and your job would be to bow down before the law ofcourse and ofcourse sooner or later once government start to acknowledge BTC and its threat to their economic structure then we will see a heavy tax on BTC/FIAT exchange to discourage user.

well soo the black market will act to allow users to get the bitcoins as to sell them ,currently able to get them on exchanges... if government take a huge step ,btc comunity will find a way to avoid them .... the same think some people declare the btc ammount holding others just dont....

I doubt that it will go way that far. Worst thing would be that some people will be discouraged to exchange it to FIAT and the others might still be doing it as usual. It is pretty simple to avoid it anyway because people could do a peer-2-peer exchange without involving any exchanger thus this could be use to avoid the huge tax when you are exchanging it to FIAT



if governments would think to attack bitcoin ,well for them is pretty easy to be buying bitcoins and trying to control the price...but why they should do that?they control the currencys already....countryes make the bump and dump very easy.... and yes a pression but when bank acts all market react

For the bolded part, it is unclear about what currency are you talking about. If what you meant is BTC then you are wrong because the governments dont control BTC but if it is their country's currency then you are wrong again because their currency's currency isnt something to be pump or dump

P.S : To be honest it is pretty hard to understand what you write , perhaps you should use google translate to help you for the "wording"  of your post
hero member
Activity: 742
Merit: 500
June 12, 2015, 05:21:21 PM
It doesnt matter if you agree or not because that is not your call to do so. Laws are the main thing government use to control his country and your job would be to bow down before the law ofcourse and ofcourse sooner or later once government start to acknowledge BTC and its threat to their economic structure then we will see a heavy tax on BTC/FIAT exchange to discourage user.

well soo the black market will act to allow users to get the bitcoins as to sell them ,currently able to get them on exchanges... if government take a huge step ,btc comunity will find a way to avoid them .... the same think some people declare the btc ammount holding others just dont....

I doubt that it will go way that far. Worst thing would be that some people will be discouraged to exchange it to FIAT and the others might still be doing it as usual. It is pretty simple to avoid it anyway because people could do a peer-2-peer exchange without involving any exchanger thus this could be use to avoid the huge tax when you are exchanging it to FIAT



if governments would think to attack bitcoin ,well for them is pretty easy to be buying bitcoins and trying to control the price...but why they should do that?they control the currencys already....countryes make the bump and dump very easy.... and yes a pression but when bank acts all market react

I think goverment doesnt have a time to attack bitcoin and control it,but if it''s happened maybe they have one important reason why they did it
hero member
Activity: 560
Merit: 500
June 12, 2015, 04:09:43 PM
It doesnt matter if you agree or not because that is not your call to do so. Laws are the main thing government use to control his country and your job would be to bow down before the law ofcourse and ofcourse sooner or later once government start to acknowledge BTC and its threat to their economic structure then we will see a heavy tax on BTC/FIAT exchange to discourage user.

well soo the black market will act to allow users to get the bitcoins as to sell them ,currently able to get them on exchanges... if government take a huge step ,btc comunity will find a way to avoid them .... the same think some people declare the btc ammount holding others just dont....

I doubt that it will go way that far. Worst thing would be that some people will be discouraged to exchange it to FIAT and the others might still be doing it as usual. It is pretty simple to avoid it anyway because people could do a peer-2-peer exchange without involving any exchanger thus this could be use to avoid the huge tax when you are exchanging it to FIAT



if governments would think to attack bitcoin ,well for them is pretty easy to be buying bitcoins and trying to control the price...but why they should do that?they control the currencys already....countryes make the bump and dump very easy.... and yes a pression but when bank acts all market react
legendary
Activity: 3248
Merit: 1070
June 12, 2015, 07:10:08 AM
Having your bitcoins insured would be nice (Circle does that), but given that you can move your bitcoins in and out the exchange instantaneously, it's not that much of a problem. Having dollars of euros on an exchange is problem, because it takes days to move them (and it can be costly, too). Coinbase is the first exchange that guarantees dollar deposits, that's a major improvement.

How can  i insured my bitcoin on circle? yeah i think coinbase is safe to stored my bitcoin,anyway coinbase is a first exchange that guarantees dollar deposites, but actually we would never safe our bitcoin anywhere the first step that excelent is withdraw your bitcoin imediately to the fiat

circle can cover your ass if you lost your balance, is in their policy, i think it's not much different than holding bitcoin on any exchange, and they will lose your coins because of their negligency, but only if it is their fault, otherwise your coins are not insured at all
legendary
Activity: 1512
Merit: 1005
June 12, 2015, 07:02:31 AM
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legendary
Activity: 2562
Merit: 1414
June 12, 2015, 03:41:52 AM
It doesnt matter if you agree or not because that is not your call to do so. Laws are the main thing government use to control his country and your job would be to bow down before the law ofcourse and ofcourse sooner or later once government start to acknowledge BTC and its threat to their economic structure then we will see a heavy tax on BTC/FIAT exchange to discourage user.

well soo the black market will act to allow users to get the bitcoins as to sell them ,currently able to get them on exchanges... if government take a huge step ,btc comunity will find a way to avoid them .... the same think some people declare the btc ammount holding others just dont....

I doubt that it will go way that far. Worst thing would be that some people will be discouraged to exchange it to FIAT and the others might still be doing it as usual. It is pretty simple to avoid it anyway because people could do a peer-2-peer exchange without involving any exchanger thus this could be use to avoid the huge tax when you are exchanging it to FIAT

hero member
Activity: 742
Merit: 500
June 11, 2015, 06:22:48 PM
Having your bitcoins insured would be nice (Circle does that), but given that you can move your bitcoins in and out the exchange instantaneously, it's not that much of a problem. Having dollars of euros on an exchange is problem, because it takes days to move them (and it can be costly, too). Coinbase is the first exchange that guarantees dollar deposits, that's a major improvement.

How can  i insured my bitcoin on circle? yeah i think coinbase is safe to stored my bitcoin,anyway coinbase is a first exchange that guarantees dollar deposites, but actually we would never safe our bitcoin anywhere the first step that excelent is withdraw your bitcoin imediately to the fiat
hero member
Activity: 560
Merit: 500
June 11, 2015, 05:55:10 PM
And we all know that government officials know the benefits that they can get if they put a tax for every transaction that will be made.

It cant be done, you as a BTC user supposed already know that this couldnt be done because each transaction is dependant and no one would know if the transaction is coming from the country or not
The only way they could benefit themselves with BTC would be by tax-ting every BTC/FIAT exchange, huge tax will then discourage most people to exchange their BTC

Making a tax that very huge to every exchanging of bitcoin will kills the user. because they earn it so hard so that they wouldn't agree with that law.

It doesnt matter if you agree or not because that is not your call to do so. Laws are the main thing government use to control his country and your job would be to bow down before the law ofcourse and ofcourse sooner or later once government start to acknowledge BTC and its threat to their economic structure then we will see a heavy tax on BTC/FIAT exchange to discourage user.

well soo the black market will act to allow users to get the bitcoins as to sell them ,currently able to get them on exchanges... if government take a huge step ,btc comunity will find a way to avoid them .... the same think some people declare the btc ammount holding others just dont....
legendary
Activity: 2562
Merit: 1414
June 11, 2015, 04:12:54 PM
And we all know that government officials know the benefits that they can get if they put a tax for every transaction that will be made.

It cant be done, you as a BTC user supposed already know that this couldnt be done because each transaction is dependant and no one would know if the transaction is coming from the country or not
The only way they could benefit themselves with BTC would be by tax-ting every BTC/FIAT exchange, huge tax will then discourage most people to exchange their BTC

Making a tax that very huge to every exchanging of bitcoin will kills the user. because they earn it so hard so that they wouldn't agree with that law.

It doesnt matter if you agree or not because that is not your call to do so. Laws are the main thing government use to control his country and your job would be to bow down before the law ofcourse and ofcourse sooner or later once government start to acknowledge BTC and its threat to their economic structure then we will see a heavy tax on BTC/FIAT exchange to discourage user.
hero member
Activity: 546
Merit: 500
June 11, 2015, 11:29:27 AM
And we all know that government officials know the benefits that they can get if they put a tax for every transaction that will be made.

It cant be done, you as a BTC user supposed already know that this couldnt be done because each transaction is dependant and no one would know if the transaction is coming from the country or not
The only way they could benefit themselves with BTC would be by tax-ting every BTC/FIAT exchange, huge tax will then discourage most people to exchange their BTC

the only way to avoid taxes is living in the street soo governement will just pay you not tax

Unfortunately this deosnt stand for a developing country where there are alot of poor people living on the street and also there is alot of taxes, eventually when you buy something of a mini store there will be tax apply to your groceries as well



The situation is even worst in developing countries as majority of the people have an average income and they have to pay taxes too so it becomes really difficult for them to save so I believe that government should wave off the taxes of the people below a certain income.
legendary
Activity: 868
Merit: 1006
June 11, 2015, 10:08:02 AM
Having your bitcoins insured would be nice (Circle does that), but given that you can move your bitcoins in and out the exchange instantaneously, it's not that much of a problem. Having dollars of euros on an exchange is problem, because it takes days to move them (and it can be costly, too). Coinbase is the first exchange that guarantees dollar deposits, that's a major improvement.
sr. member
Activity: 490
Merit: 255
June 11, 2015, 09:53:10 AM
And we all know that government officials know the benefits that they can get if they put a tax for every transaction that will be made.

It cant be done, you as a BTC user supposed already know that this couldnt be done because each transaction is dependant and no one would know if the transaction is coming from the country or not
The only way they could benefit themselves with BTC would be by tax-ting every BTC/FIAT exchange, huge tax will then discourage most people to exchange their BTC


Making a tax that very huge to every exchanging of bitcoin will kills the user. because they earn it so hard so that they wouldn't agree with that law.
legendary
Activity: 1512
Merit: 1005
June 11, 2015, 04:15:19 AM
Far fetched, I know, but a state could come in a situation where it wants sound money. After a crisis, as a result of which the people in the land just understood inflation and debt creation, and where everybody suddenly wanted a small libertarian government. In which case they would want free, private money. One can always dream.
legendary
Activity: 1372
Merit: 1252
June 10, 2015, 08:10:18 PM
Well the reality is, we cant escape tax.

I mean you can always stay with cash, but eventually when you want stuff and enjoy with the earned dollars. You`ll eventually have to use a business, and its all about lowering your tax percentage.

The economy grows everyday, its a matter of global growth.

Isn't Elwar living 100% on Bitcoin not paying any taxes or my memory is failing me? I remember reading a thread (Elwar is a user here btw) where he was being able to live off BTC, he gets paid in BTC too, and didn't comment on taxes. I'll try to find the thread and see how he does it.
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