Topic: How to make a win-win situation for both government and digital currency ? - page 3. (Read 774 times)
October 03, 2017, 03:08:13 PM
Government likes to put taxes on everything so the only way they would benefit from digital currency is to put tax on them. That would immediately spark the rage and discontent of many users that are using it everyday , gamblers mostly to be honest. There cannot be such situation for the moment and it is not looking good even in the short and distant future.
October 03, 2017, 02:56:28 PM
I think Bitcoin regulation is win-win situation for both. Governments would make "order" on that way on Bitcoin market and have some control over it, but not full and centralized of course, and for Bitcoin that would mean more adoption especialy for businesses. Bitcoin users don't have to be afraid from regulation.
But in this case, what does the government get from the regulation? If more people use BTC, they can avoid paying taxes for their transaction. This would cause a lot of issues, especially with debt.
October 03, 2017, 02:40:24 PM
I think Bitcoin regulation is win-win situation for both. Governments would make "order" on that way on Bitcoin market and have some control over it, but not full and centralized of course, and for Bitcoin that would mean more adoption especialy for businesses. Bitcoin users don't have to be afraid from regulation.
October 03, 2017, 02:35:02 PM
How a government can still manage its control over currency and finance without harshly regulating digital currencies ? Can we ever have a win-win situation ? Is there any economic model for decentralized currencies ?
I think it is so hard to regulate something that the main essence is to be decentralize, meaning you want to control a thing that don't want to be controlled. I think the best shot for governments to do in this thing is to put a proper department or branch of their government in filtering cryptocurrency scene instead of banning or shutting it down as a whole because hindering it will not cure the cause instead it just worsen it.
We all witnessed in how modern technology really adopt from the real world to the world of virtual, and we are here to the point that in digital world we embraces the digital currency so meaning the force of strong digital police must born if governments really want to help their citizens in their country for the future cryptocurrencies.
October 03, 2017, 02:26:01 PM
To achieve a win-win situation for both the government and digital currency, I think the government should pass laws, rules and regulations for the strict implementation of digital currencies. Through such, the government can fairly collect taxes due it from all digital currency transactions happening within its jurisdiction. That should be enough to help the government attain its goals and objectives.
October 03, 2017, 02:21:30 PM
How a government can still manage its control over currency and finance without harshly regulating digital currencies ? Can we ever have a win-win situation ? Is there any economic model for decentralized currencies ?
Well, I think the only win that the government can get from crypto is taxes. Yet, people who want to use bitcoin and other cyrptocurrencies for daily transactions do not want those taxes. It's an immediate conflict and as of now, I don't think there's a valid solution.
October 03, 2017, 02:18:49 PM
How a government can still manage its control over currency and finance without harshly regulating digital currencies ? Can we ever have a win-win situation ? Is there any economic model for decentralized currencies ?
I think it is so hard to regulate something that the main essence is to be decentralize, meaning you want to control a thing that don't want to be controlled. I think the best shot for governments to do in this thing is to put a proper department or branch of their government in filtering cryptocurrency scene instead of banning or shutting it down as a whole because hindering it will not cure the cause instead it just worsen it.
We all witnessed in how modern technology really adopt from the real world to the world of virtual, and we are here to the point that in digital world we embraces the digital currency so meaning the force of strong digital police must born if governments really want to help their citizens in their country for the future cryptocurrencies.
October 03, 2017, 01:28:49 PM
How a government can still manage its control over currency and finance without harshly regulating digital currencies ? Can we ever have a win-win situation ? Is there any economic model for decentralized currencies ?
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