Topic: Government Furious - page 8. (Read 1773 times)
There is no way for Governments to tax anything and everything just because of the movement of the value from one place to another.
We should keep in mind that all the transactions that are made with the bitcoin are not going through the authorities and that means that they have no way to put a tax on it. I would say that the most important reasn that makes some countries limit the bitcoins use or maybe ban it at all.
Yes government shouldn't apply any tax on bitcoin users because bitcoin is a very helpful way to make our life comfortable in this tough situation which is government cannot handle and that's why poverty is not reduce by government, so bitcoin start this campaign to reduce poverty by this currency and their future will also secure because bitcoin investment will give them a lot of profit, so government should more support bitcoin.
From many days before only, they were furious because their primary revenue has been denied after geeting support from the electrical coins
We should keep in mind that all the transactions that are made with the bitcoin are not going through the authorities and that means that they have no way to put a tax on it. I would say that the most important reasn that makes some countries limit the bitcoins use or maybe ban it at all.
Cryptocurrencies are leading to loopholes in the current bank’s data about the money transactions leading to inability to track economic activities. Crypto and Cyberspace has emerged as a power in itself thus bringing a check on the activities of the so powerful governments.
We should keep in mind that all the transactions that are made with the bitcoin are not going through the authorities and that means that they have no way to put a tax on it. I would say that the most important reasn that makes some countries limit the bitcoins use or maybe ban it at all.
It's quite different because in case of you downloading and especially sharing pirate content, you are actually doing something wrong. While I agree that it's impossible to punish the majority of the people sharing pirate content, it does happen occasionally. It's not for nothing that a lot people now are using either VPN's or dedicated servers to distract attention away from their own download location. It's basically a case of better safe than sorry. On top of that, if you download stuff from your home computer, your IP is publicly known, and thus you can be held responsible for your actions, while if you transact with Bitcoin, only the IP of the first node is basically your taint. In most lightweight clients you can choose the node you connect to or you can even manually connect to a node of your choice. Authorities can't do anything about it.
Do not get me wrong I'm not trying to justify piracy in any way or form, it's just an example to show how difficult it is to deal with a problem at a decentralized level, governments are very good at dealing with centralized opponents of any kind, but they are terrible at dealing with movements without a visible head and that do not depend on it to organize itself, which is why file sharing is still very popular even in this day and age where governments have such tremendous powers of spying over the population, which means that they have almost no hope of stopping bitcoin no matter what they do.You don't have to control Bitcoin itself, you only have to control the fiat gateways, which is already in the realm of what the government does. Fiat gateways are exchanges that will convert crypto for fiat or vice versa. Because these exchanges operate as quasi-financial institutions, which are already very well-regulated, it's not difficult at all to expand current legal requirements to crypto exchanges. All (or at least most) of the major exchanges are already compliant with applicable rules and regulations or seeking to be, and what's more is that users will increasingly demand this so that there is more confidence that any wrongdoing by the exchanges will be accountable. There have been far too many scams and collapses that have happened without consequence to the bad actors, and everyone wants the confidence that the exchanges aren't run by idiots or charlatans. If the industry was capable of policing itself, it would have by now.
There's just one point which you don't take into account but which makes things a little more complicated for "the government". The point is that there is no single government (conspiracy theories aside), and it is not just about stating there are over 200 of them presently. Yes, only a few matter, live up and amount to being really independent, but even one is more than enough. The contradictions between these governments are so irreconcilable that all of them will be happy to use Bitcoin or whatever if it suits their needs in opposing the rest of the pack. This includes, but is definitely not limited to, fiat gateways and exchanges in question.
I don't know if you are familiar with the events surrounding taking down btc-e by the FBI, but the end result is that the latter failed pathetically at reaching their ends. And it is likely the most powerful law enforcement agency of the most powerful and stubborn government in the world hellbent on punishing everyone to dare them which couldn't take down just one exchange. So it doesn't look like it is actually "in the realm of what the government does" when it comes to real world.
In short, there is light at the end of the tunnel.
My point didn't come across, so let me rephrase. The government already controls traditional fiat gateways, which are points at which you exchange fiat for electronic cash. Banks, currency exchanges, money transfer businesses, brokerages, stock exchanges: all regulated by the government. You cannot move large amounts of money through any traditional fiat gateway anonymously because they are so tightly regulated. These same choke points exist for crypto. You don't have to control crypto, you just have to pass regulations outlawing all the traditional gateways from dealing in it, and because the people running the businesses can't do so anonymously, violations of the law will be easy to prosecute. That won't kill crypto completely, but it will greatly reduce its use and value by driving it deep underground and stall adoption for normal people who aren't interested in becoming criminals by using it and deal with the hassle of trying to avoid detection in converting fiat back and forth. There would essentially be no incentive to any longer except for criminals at that point.
until now government won't to penetrate the system o crypto if they going to legalize the btc they do it to gain something
but its better to collect tax in a bitcoi earner than to provoke the government and make them realized that btc is no benefits in the economic if they do they just banned it in a whole country making the btc price fall
we are lucky cause here in the philippines bitcoin and other cryptocurrencies are legal our government file a case where all of cryptocurrency are welcome in our country cause they know that it is a good opportunity for their citizens. theres a lot of benefits in a single country when they accept bitcoin.cause bitcoin can lift the whole economy. imagine bitcoin will circulating all over those country we should think about it we can raise bitcoin all over are self so government will legal it.but its better to collect tax in a bitcoi earner than to provoke the government and make them realized that btc is no benefits in the economic if they do they just banned it in a whole country making the btc price fall
The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?
Take payments in bitcoin you're creating a cash economy,it can't be monitored by the government
A big part of of the early bitcoin adopters were people deeply worried about government.the early bitcoin adopters
Were anarchist and libertarians that feared in Orwellian world.
The main reason behind government furious against bitcoin like cryptocurrency is their decentralised nature. Because of this no one can control this and no government never want something in their country which they cannot control. Bitcoin also affect their economy growth by affects the tax. Due to its digital nature Bitcoin user doesn't pay tax. Bitcoin also affect an country currency value in the international market and this could happen to be a reason. 
Yeah it is right and if I talk about myself I want that this system should not change forever. I don’t want bitcoin or any Altcoin to be decentralized because government will impose income and sales taxes on bitcoin. Now they can only take tax as you say on transferring into local currency. That is no problem and we cannot stop this but I want bitcoin tax free. The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?
The government can not interfere with bitcoin transactions, because bitcoins are hard to trace. Perhaps because of this comfortable situation bitcoin users continue to benefit without any hindrance. Taxes are one way governments gain profit for bitcoin usersThe capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?
Cryptocurrency already has transaction fees from the exchangers or wallets that they are using so how come they are telling that bitcoins does not have tax because we are paying a decent amount of transaction fee's each time we are passing our coins.
Even though that they claim they get nothing from cryptos, to think the government can still be benefited from crypto users because we converted crypto to fiat to buy goods and services. What the government wants is to get more money from the crypto users but sadly they can't make it.
Let he governments be furious until they get what they want- part of the profits.
THis is usually how it works in this world, they take what they want when they want to.
THis is usually how it works in this world, they take what they want when they want to.
The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?
If there is a good regulation we could stop fraudulent activities in the entire crypto market, we wont be seeing anymore scam ICO and ponzi schemes that are intended to fraud the investor, tax is applied when you convert your coin to the local fiat currency and there is nothing the government can do to disrupt the new way. 
The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?
Cryptocurrency already has transaction fees from the exchangers or wallets that they are using so how come they are telling that bitcoins does not have tax because we are paying a decent amount of transaction fee's each time we are passing our coins.
The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?
Indeed anonymity of Bitcoin transactions give the government headaches, but it does not mean they can't control the flow of cryptocurrency in their country. I think all they have to do is support cryptocurrency and make a regulated wallets which allows users to convert and transactions through it and have it taxed. In that way they are helping their constitutes and improve their economy as well.
Nevertheless, in the category of those who may not be making use of exchanges, that is where their problem lies, but who really cares how furious they want to get anyway ?
a fair tax system will please both sides. This is a difficult job. there is a need for comprehensive tax reform. countries should make supportive arrangements for bitcoin.
Money enters the country is the work of all governments.
if a number of online facilities are provided, governments...
Money enters the country is the work of all governments.
if a number of online facilities are provided, governments...
It is extremely unhealthy for a county to accept crypto as it actively drains money from the ecosystem of the state. So it is much more efficient to ban it.
Then why do you even here? LOL, accepting cryptocurrency is not that dangerous for country with good economy or in other words prosperous country like those 3rd world countriesthat have relatively weak economic, people need to know this including you so you don't just uttering nonsense word that's definitely misleading.
It is extremely unhealthy for a county to accept crypto as it actively drains money from the ecosystem of the state. So it is much more efficient to ban it.
capitalization between the countries it will be like a grain of sand. Big private companies are bringing much more revenue than a fully regulated crypto economy would. At least at this stage. Also, governments are getting their share from BTC to fiat transactions. Do you think it's not enough?
The citizen give reference to the government because of the services they render to the society, securing life and property. If government still want things to be difficult for the cryptocurrency fans we will start running our own decentralize society. We will still spend the money for goods and services let the taxation be done at that point not while exchanging.
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