Topic: Government &amp; Bitcoin - page 68. (Read 70850 times)

Quote from: Fabrizio89 on June 06, 2015, 03:46:51 AM

Nah, they won't ban it, it's just another area they can tax and add to gdp when they need to

But why they need to collect tax from bitcoin? What they are going to do with that coin? And i think they can't added to their gdp because they not own it and its decentralized.

They don't need it, they just want it. They want everything.

Actually of course they need bitcoin,but in other way,they're gonna collect the tax from bitcoin company not in bitcoin but in fiat thats it always they did it,its a little secret why the goverment not ban it,they are already let bitcoin grow but not ban it coz they really need bitcoin

I don't think so if bitcoin company/authorities want to cooperate with government since bitcoin is decentralized. But everything can be changed in future

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Quote from: dollarneed on June 06, 2015, 11:21:39 PM

Quote from: Erdogan on June 06, 2015, 01:54:22 PM

Quote from: Fabrizio89 on June 06, 2015, 03:46:51 AM

Nah, they won't ban it, it's just another area they can tax and add to gdp when they need to

But why they need to collect tax from bitcoin? What they are going to do with that coin? And i think they can't added to their gdp because they not own it and its decentralized.

They don't need it, they just want it. They want everything.

Actually of course they need bitcoin,but in other way,they're gonna collect the tax from bitcoin company not in bitcoin but in fiat thats it always they did it,its a little secret why the goverment not ban it,they are already let bitcoin grow but not ban it coz they really need bitcoin

If they need it, why they not published or tell it to their people what is bitcoin and they can use it as a payment. If they do that they can get more bitcoin.

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Quote from: Erdogan on June 06, 2015, 01:54:22 PM

Quote from: Fabrizio89 on June 06, 2015, 03:46:51 AM

Nah, they won't ban it, it's just another area they can tax and add to gdp when they need to

But why they need to collect tax from bitcoin? What they are going to do with that coin? And i think they can't added to their gdp because they not own it and its decentralized.

They don't need it, they just want it. They want everything.

Actually of course they need bitcoin,but in other way,they're gonna collect the tax from bitcoin company not in bitcoin but in fiat thats it always they did it,its a little secret why the goverment not ban it,they are already let bitcoin grow but not ban it coz they really need bitcoin

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Quote from: Fabrizio89 on June 06, 2015, 03:46:51 AM

Nah, they won't ban it, it's just another area they can tax and add to gdp when they need to

But why they need to collect tax from bitcoin? What they are going to do with that coin? And i think they can't added to their gdp because they not own it and its decentralized.

They don't need it, they just want it. They want everything.

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Quote from: Amph on June 06, 2015, 02:54:34 AM

Quote from: arallmuus on June 06, 2015, 02:04:02 AM

Quote from: arallmuus on June 05, 2015, 02:57:56 PM

Quote from: arallmuus on June 05, 2015, 01:41:43 PM

Actually only a small part of the "government" are aware of BTC threat and most of them are still lenient on it and perhaps dont know about satoshi at all.

I'm not sure about that, since each country have a minister that related to economy, technology, or social which the minister has to know about society issues that can give effect to his work like bitcoin.

There is a difference between "heard of" and "know". Basically most people heard of BTC but that doesnt mean that they know the actual meaning of it and/or purposes of it. Most country even viewed BTC as rather an asset, goods or trading instrument which ofcourse they thought that it is harmless and not a currency that posses threats to their their economical system.

Some country banned BTC because they knew the risk of it, some country do support BTC and most country are being on the gray zone for it because they have absolutely less knowledge about what it is and rather just treat it like goods instead

Its up to the government if they want to know deeply or just heard of. But, if bitcoin affected the country economic system, the government won't just stay and let it be happen. Don't underestimate the government, we don't know what really the government will do about bitcoin behind us.

Unfortunately, BTC posses no threat to the economic system for now. It is still treated as a stocks and not as a currency, the value of it is still being manipulated and it will be years from now before the goverment will be taking about this threats seriously.
Basically the government could do nothing about it since it is a decentralized currency which means that any government wouldnt be able to put up anything to restrict it , best thing they could do will be banning and it will be absolute pointless because all you need is a simple internet to access your BTC (beauty of crypto world)

there is another thing they can do(and probably is the best thing for us), instead of banning it they will propose something alike, like their own centralized coin, to steal users from bitcoin, by offering more security and better regulation, while leaving bitcoin as it is

many will just choose the gov coin and leave bitcoin to criminal basically...this could damage bitcoin enormously

Interesting, unless you forgot they got their own "centralized coin" already which is called FIAT in the shape of physical coin like a penny and this is just like changing FIAT into the shape of crypto FIAT which is highly unlikely going to happen because it serves them no more benefit then using FIAT itself

Quote from: jayce on June 06, 2015, 10:16:36 AM

But why they need to collect tax from bitcoin?

By putting some tax on it, it will then discourage people to use it. People tend to avoid tax so if this is going to happen then their motive will be either discouraging people to use it by putting a high tax percentage on it and/or collect some extra profit from the people who use it (likely going to happen)

I'm not sure if people prefer to any crypto coin that be provided by government, since government won't make something that can't give ~~high profit~~ something back to them.

Exactly, corrected some part of it

Quote from: jayce on June 06, 2015, 10:16:36 AM

So if they really make that, the fee will be higher.

Or it will be no different than FIAT at all unless the digital part

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Quote from: Fabrizio89 on June 06, 2015, 03:46:51 AM

Nah, they won't ban it, it's just another area they can tax and add to gdp when they need to

But why they need to collect tax from bitcoin? What they are going to do with that coin? And i think they can't added to their gdp because they not own it and its decentralized.

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Quote from: Amph on June 06, 2015, 02:54:34 AM

there is another thing they can do(and probably is the best thing for us), instead of banning it they will propose something alike, like their own centralized coin, to steal users from bitcoin, by offering more security and better regulation, while leaving bitcoin as it is

many will just choose the gov coin and leave bitcoin to criminal basically...this could damage bitcoin enormously

I'm not sure if people prefer to any crypto coin that be provided by government, since government won't make something that can't give high profit to them. So if they really make that, the fee will be higher.

Quote from: arallmuus on June 06, 2015, 02:04:02 AM

Unfortunately, BTC posses no threat to the economic system for now. It is still treated as a stocks and not as a currency, the value of it is still being manipulated and it will be years from now before the goverment will be taking about this threats seriously.
Basically the government could do nothing about it since it is a decentralized currency which means that any government wouldnt be able to put up anything to restrict it , best thing they could do will be banning and it will be absolute pointless because all you need is a simple internet to access your BTC (beauty of crypto world)

Yeah that's happening for now, no threat and still treated as a stocks. But we can't predict future appropriately. Maybe something great will be happened and government will take the action to bitcoin.

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Quote from: bornil267645 on April 17, 2015, 12:35:43 PM

The sharing economy is just going to continue to grow, and governments will be challenged to understand and manage its implications while embracing its benefits. However, governments will be at a significant disadvantage if they wait too long and newer technologies and markets will have already been developed that do not follow traditional models. Think of the following: Uber is the world’s largest taxi service and owns no cars. Airbnb provides lodging yet does not own real estate.

How will local governments adapt to these new ways of doing business that are disrupting traditional business models? All we know now is that governments are a long way from even contemplating and accepting this new reality.

Bitcoin, with no central body, instead shares all the information about who holds what amongst every computer running the software, to create a public ledger, the blockchain. The blockchain is so called because it records every transaction in the currency’s six-year history, grouped into a continuous chain of approximately 10-minute long transaction blocks. Every 10 minutes, when a complex mathematical problem is solved, a new block recording all the latest transactions is added and the blockchain. It means that every bitcoin transaction is public, and no single authority can prevent a transaction from taking place.

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Nah, they won't ban it, it's just another area they can tax and add to gdp when they need to

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Quote from: arallmuus on June 06, 2015, 02:04:02 AM

Quote from: arallmuus on June 05, 2015, 02:57:56 PM

Quote from: arallmuus on June 05, 2015, 01:41:43 PM

Actually only a small part of the "government" are aware of BTC threat and most of them are still lenient on it and perhaps dont know about satoshi at all.

I'm not sure about that, since each country have a minister that related to economy, technology, or social which the minister has to know about society issues that can give effect to his work like bitcoin.

There is a difference between "heard of" and "know". Basically most people heard of BTC but that doesnt mean that they know the actual meaning of it and/or purposes of it. Most country even viewed BTC as rather an asset, goods or trading instrument which ofcourse they thought that it is harmless and not a currency that posses threats to their their economical system.

Some country banned BTC because they knew the risk of it, some country do support BTC and most country are being on the gray zone for it because they have absolutely less knowledge about what it is and rather just treat it like goods instead

Its up to the government if they want to know deeply or just heard of. But, if bitcoin affected the country economic system, the government won't just stay and let it be happen. Don't underestimate the government, we don't know what really the government will do about bitcoin behind us.

Unfortunately, BTC posses no threat to the economic system for now. It is still treated as a stocks and not as a currency, the value of it is still being manipulated and it will be years from now before the goverment will be taking about this threats seriously.
Basically the government could do nothing about it since it is a decentralized currency which means that any government wouldnt be able to put up anything to restrict it , best thing they could do will be banning and it will be absolute pointless because all you need is a simple internet to access your BTC (beauty of crypto world)

there is another thing they can do(and probably is the best thing for us), instead of banning it they will propose something alike, like their own centralized coin, to steal users from bitcoin, by offering more security and better regulation, while leaving bitcoin as it is

many will just choose the gov coin and leave bitcoin to criminal basically...this could damage bitcoin enormously

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Quote from: arallmuus on June 05, 2015, 02:57:56 PM

Quote from: arallmuus on June 05, 2015, 01:41:43 PM

Actually only a small part of the "government" are aware of BTC threat and most of them are still lenient on it and perhaps dont know about satoshi at all.

I'm not sure about that, since each country have a minister that related to economy, technology, or social which the minister has to know about society issues that can give effect to his work like bitcoin.

There is a difference between "heard of" and "know". Basically most people heard of BTC but that doesnt mean that they know the actual meaning of it and/or purposes of it. Most country even viewed BTC as rather an asset, goods or trading instrument which ofcourse they thought that it is harmless and not a currency that posses threats to their their economical system.

Some country banned BTC because they knew the risk of it, some country do support BTC and most country are being on the gray zone for it because they have absolutely less knowledge about what it is and rather just treat it like goods instead

Its up to the government if they want to know deeply or just heard of. But, if bitcoin affected the country economic system, the government won't just stay and let it be happen. Don't underestimate the government, we don't know what really the government will do about bitcoin behind us.

Unfortunately, BTC posses no threat to the economic system for now. It is still treated as a stocks and not as a currency, the value of it is still being manipulated and it will be years from now before the goverment will be taking about this threats seriously.
Basically the government could do nothing about it since it is a decentralized currency which means that any government wouldnt be able to put up anything to restrict it , best thing they could do will be banning and it will be absolute pointless because all you need is a simple internet to access your BTC (beauty of crypto world)

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Quote from: Dotakels on June 06, 2015, 01:27:23 AM

They can banned bitcoin form their country because of risk and also the people of that country that have a bitcoin and if they have many coins, their money will also lost.

I don't think so if our bitcoin just lost like that when government banned bitcoin. The banning just make we hard to access our wallet or any bitcoin website.

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Quote from: arallmuus on June 05, 2015, 02:57:56 PM

Quote from: arallmuus on June 05, 2015, 01:41:43 PM

Actually only a small part of the "government" are aware of BTC threat and most of them are still lenient on it and perhaps dont know about satoshi at all.

I'm not sure about that, since each country have a minister that related to economy, technology, or social which the minister has to know about society issues that can give effect to his work like bitcoin.

There is a difference between "heard of" and "know". Basically most people heard of BTC but that doesnt mean that they know the actual meaning of it and/or purposes of it. Most country even viewed BTC as rather an asset, goods or trading instrument which ofcourse they thought that it is harmless and not a currency that posses threats to their their economical system.

Some country banned BTC because they knew the risk of it, some country do support BTC and most country are being on the gray zone for it because they have absolutely less knowledge about what it is and rather just treat it like goods instead

Its up to the government if they want to know deeply or just heard of. But, if bitcoin affected the country economic system, the government won't just stay and let it be happen. Don't underestimate the government, we don't know what really the government will do about bitcoin behind us.

They can banned bitcoin form their country because of risk and also the people of that country that have a bitcoin and if they have many coins, their money will also lost.

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Quote from: arallmuus on June 05, 2015, 02:57:56 PM

Quote from: arallmuus on June 05, 2015, 01:41:43 PM

Actually only a small part of the "government" are aware of BTC threat and most of them are still lenient on it and perhaps dont know about satoshi at all.

I'm not sure about that, since each country have a minister that related to economy, technology, or social which the minister has to know about society issues that can give effect to his work like bitcoin.

There is a difference between "heard of" and "know". Basically most people heard of BTC but that doesnt mean that they know the actual meaning of it and/or purposes of it. Most country even viewed BTC as rather an asset, goods or trading instrument which ofcourse they thought that it is harmless and not a currency that posses threats to their their economical system.

Some country banned BTC because they knew the risk of it, some country do support BTC and most country are being on the gray zone for it because they have absolutely less knowledge about what it is and rather just treat it like goods instead

Its up to the government if they want to know deeply or just heard of. But, if bitcoin affected the country economic system, the government won't just stay and let it be happen. Don't underestimate the government, we don't know what really the government will do about bitcoin behind us.

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Quote from: arallmuus on June 05, 2015, 01:41:43 PM

Actually only a small part of the "government" are aware of BTC threat and most of them are still lenient on it and perhaps dont know about satoshi at all.

I'm not sure about that, since each country have a minister that related to economy, technology, or social which the minister has to know about society issues that can give effect to his work like bitcoin.

There is a difference between "heard of" and "know". Basically most people heard of BTC but that doesnt mean that they know the actual meaning of it and/or purposes of it. Most country even viewed BTC as rather an asset, goods or trading instrument which ofcourse they thought that it is harmless and not a currency that posses threats to their their economical system.

Some country banned BTC because they knew the risk of it, some country do support BTC and most country are being on the gray zone for it because they have absolutely less knowledge about what it is and rather just treat it like goods instead

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Quote from: arallmuus on June 05, 2015, 01:41:43 PM

Actually only a small part of the "government" are aware of BTC threat and most of them are still lenient on it and perhaps dont know about satoshi at all.

I'm not sure about that, since each country have a minister that related to economy, technology, or social which the minister has to know about society issues that can give effect to his work like bitcoin.

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Quote from: arallmuus on June 05, 2015, 01:00:30 PM

Satoshi whereabout is unknown , there has been a lot of speculation that X or Y may be satoshi in disguise but unfortunately his whereabout will be kept secret though

I'm not sure if government aren't curious who Satoshi is/are, and I think they are trying to search him/her/them now

Actually only a small part of the "government" are aware of BTC threat and most of them are still lenient on it and perhaps dont know about satoshi at all . Thus even if they are, eventually finding satoshi will bring them no good at all. The threat is from BTC itself to their old economical system and not from the creator of BTC.

Quote from: arallmuus on June 05, 2015, 01:00:30 PM

Not going to happen because basically the goverment got profit from this stuff as well, shutting the internet access down would create alot of havoc throughout their country and of course worst case will be that they will turn themselves into the next north korean dictator, which is highly unlikely as well

well it can be happen since there are many dictators in the world, not only north korean. I'm curious if there are any bitcoin user in that country

Perhaps no, everything is being dictated there. Basically one would not have the time to even access a news site that is outside of north korea, so high chance that there is none

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Quote from: arallmuus on June 05, 2015, 01:00:30 PM

Satoshi whereabout is unknown , there has been a lot of speculation that X or Y may be satoshi in disguise but unfortunately his whereabout will be kept secret though

I'm not sure if government aren't curious who Satoshi is/are, and I think they are trying to search him/her/them now

Quote from: arallmuus on June 05, 2015, 01:00:30 PM

Not going to happen because basically the goverment got profit from this stuff as well, shutting the internet access down would create alot of havoc throughout their country and of course worst case will be that they will turn themselves into the next north korean dictator, which is highly unlikely as well

well it can be happen since there are many dictators in the world, not only north korean. I'm curious if there are any bitcoin user in that country

Quote from: arallmuus on June 05, 2015, 01:00:30 PM

tl;dr : government possess no threat to BTC but BTC do posses a threat to them

I am agree about this.

Quote from: BTCevo on June 05, 2015, 11:36:27 AM

... its just a waste waiting them to support bitcoin...

Yeah we don't need to wait them. Just enjoy our bitcoin now Cool

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We can't underestimate the government just like that. They can do anything for earn very high profit for them.

Yes they can, one way of them doing that is tax-ting everything in the country no matter how rich nor how poor you are , everyone is treated with equality in this tax-ting case

If the creator(s) of bitcoin won't cooperate with government and make them feel be annoyed

Satoshi whereabout is unknown , there has been a lot of speculation that X or Y may be satoshi in disguise but unfortunately his whereabout will be kept secret though

they can block all of bitcoin website

There is a lot of way to by pass this type of block though. If the chinese could still use facebook and most of the BTC website than I dont see a fear of this thing if the government will do this sort of things in the future , which is highly unlikely .

even shut down our internet access.

Not going to happen because basically the goverment got profit from this stuff as well, shutting the internet access down would create alot of havoc throughout their country and of course worst case will be that they will turn themselves into the next north korean dictator, which is highly unlikely as well

tl;dr : government possess no threat to BTC but BTC do posses a threat to them

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