What if people convince governments of their nations to make Bitcoin as a legal currency or what if we agree to give tax on our bitcoin income? Will government then make Bitcoin a legal currency.
Do you think the government listens to people? Lol! Where have you seen a country where people are happy with the actions of the government? In order to achieve the legalization of cryptocurrencies, people must unite and demand that the government fulfill its requirements. Governments understand only the language of ultimatums. But the bitcoin community is very divided in order to be able to claim anything. 
Topic: Negotiation with government - page 14. (Read 3059 times)
What if people convince governments of their nations to make Bitcoin as a legal currency or what if we agree to give tax on our bitcoin income? Will government then make Bitcoin a legal currency.
It is not as simple as that . A lot of politics is also related to this process and according to the government it is against their protocol to ditch their own fiat .
They would obviously try their best that their fiat does not get affected at any cost and moreover acknowledging people about the usage of bitcoin will also be a big thing to achieve in that scenario.
What if people convince governments of their nations to make Bitcoin as a legal currency or what if we agree to give tax on our bitcoin income? Will government then make Bitcoin a legal currency.
It's very easy to say but it's not that easy to convince any government that only look at Bitcoin and other cryptocurrency on its bad side and not the technology or good things that it can improve. We have to accept that there are countries that are closed for any negotiation about legalizing cryptocurrency because it is a threat to them. Voluntary paying taxes? I don't think it will work, Lets say people that are investing/trading in Bitcoin/cryptocurrencies agreed to pay their taxes from their earnings, will all people be honest on how much they really earn? I don't think so because it is easy to deny how much Bitcoin you have earned and don't expect people to be honest especially when it comes to money.What if people convince governments of their nations to make Bitcoin as a legal currency or what if we agree to give tax on our bitcoin income? Will government then make Bitcoin a legal currency.
It's very easy to say but it's not that easy to convince any government that only look at Bitcoin and other cryptocurrency on its bad side and not the technology or good things that it can improve. We have to accept that there are countries that are closed for any negotiation about legalizing cryptocurrency because it is a threat to them. Voluntary paying taxes? I don't think it will work, Lets say people that are investing/trading in Bitcoin/cryptocurrencies agreed to pay their taxes from their earnings, will all people be honest on how much they really earn? I don't think so because it is easy to deny how much Bitcoin you have earned and don't expect people to be honest especially when it comes to money. I think the situation will become more understandable after samity
now it's quietly introducing the crypto market into our full-fledged life! More and more countries are beginning to understand the benefits of the crypto market and bitcoin! on the G20 summit a lot of interesting measures will be taken to regulate and implement bitcoin in every country!
As of now, bitcoin is a legal currency since it can be exchange to any currency and can be use to buy and any physical substances or food. I think bitcoin is already recognize as a currency. In this way government can already impose taxes on what you bought using bitcoin and maybe they can impose taxes on what you have on your cryptocurrency wallet on a yearly basis like you savings account, time deposit account or investments. That all what I think it will happen if the bitcoin will be regulated by the government.
What if people convince governments of their nations to make Bitcoin as a legal currency or what if we agree to give tax on our bitcoin income? Will government then make Bitcoin a legal currency.
I think it is very difficult for the government to make bitcoin legal tender for its own sake. First, bitcoin cannot be controlled by its own government. If bitcoin is accepted, it will affect its economic development and harm the government's interests. 
Hi,
I love this topic!
How do you "convince" a government exactly? If you have a way to make your voice be heard by responsibles, I am ready to learn about it! Otherwise... well, you are just one citizen amongst thousands... And you will not be heard.
Then, some governments are pretending that the problem wit bitcoin is about taxes. And volatility. But this is not a real problem. Taxation concerns what you earn and the money that fall into your account. So actually, bitcoin can be submitted to taxation, if you turn your earning to dollars/euros/etc and put on your account.
The problem for governments is that bitcoin represents a threat. It is a currency they can no longer control or manipulate. Due to the blockchain, transparency is made true. Just because anyone willing to spend time on that can track any operation that has ever occurred. They are not ready for that!
I love this topic!
How do you "convince" a government exactly? If you have a way to make your voice be heard by responsibles, I am ready to learn about it! Otherwise... well, you are just one citizen amongst thousands... And you will not be heard.
Then, some governments are pretending that the problem wit bitcoin is about taxes. And volatility. But this is not a real problem. Taxation concerns what you earn and the money that fall into your account. So actually, bitcoin can be submitted to taxation, if you turn your earning to dollars/euros/etc and put on your account.
The problem for governments is that bitcoin represents a threat. It is a currency they can no longer control or manipulate. Due to the blockchain, transparency is made true. Just because anyone willing to spend time on that can track any operation that has ever occurred. They are not ready for that!
I think it will take many studies in order to make bitcoin be legal because bitcoin has many things that government need to consider, it has no security and there is no registration to the government so its still not safe to the government to take also it can be use in illegal activity how can the government do that they"re the one who make the terrorist or drug lords easy transaction, but if bitcoin will pass the requirements need by the country then maybe they will consider it.
Community and bitcoin developers in my country have made several negotiations with the government but still, have not produced anything or a favorable solution for bitcoin users in my country. The government still prohibits its people to make various transactions using bitcoin because the transaction is not recognized by the government. But, until now the bitcoin users in my country are still comfortable with the ban so they are free from the tax payments from the transaction they do with bitcoin including me personally really enjoy this condition.
Although many negotiations have been made with some governments by bitcoin developers in their respective countries the bitcoin cannot be legalized because if bitcoin is legalized then bitcoin will no longer be decentralized so bitcoin will be controlled by the countries that legalize it. Bitcoin cannot also be used as currency because bitcoin is a digital asset instead of a currency. I am more comfortable with bitcoin conditions like this because I can be free of taxes applied by the government.
If a group of people who are involved with the crypto domain are serious about legalizing crypto in their Country, many ways exist. One would be passing a petition to the Courts, which is addressed to the Law makers, like Congress and the Senate. This petition would indicate several reasons that ascertain the benefits that not only a single person could gain from it but also the Government and the nation as a whole, and one of which is tax. It could contain the depth explanation of how it could influence some of the red statistics in a particular country, taking and bringing this numbers into the green zone of statistics, for example employment rates, poverty, technological literacy and many more. If the Governments and units involved with the legalization fail to see the reasons, and benefits, then perhaps most of the posts for this topic are true, about politicians and governments.
Well if people has a good proposal to the government and every details is summarize and data are sum up, government will considered it discussing on the court but the process of approval may take time since hay have also other issues to solve.
What if people convince governments of their nations to make Bitcoin as a legal currency or what if we agree to give tax on our bitcoin income? Will government then make Bitcoin a legal currency.
Not all governement can do that because they believed that it is a threat to sovereignty, control of the domestic money supply, borrowing, inflation, foreign exchange or fiduciary institutions. they need enough time to study well and research for better understanding and what is the role of bitcoin in the future.
Two things certain in life, death and taxes. Government regulations will put to rest the arguments of most skeptics that cryptocurrency is a scam.
People still don't get the idea.
You don't really need secretive entities like the government to tell you how to use Bitcoin. What if someone invents a way to pay for good and services with oxygen? Would you still need permission to use it? By the way no government will accept Bitcoin without trying to regulating it. Asking government to regulate Crypto is like asking Robbers to regulate the police.
Brother I don't think you need permission to use a piece of code not owned by governments as long as it is used responsibly.
Mother nature (or whatever it is) probably fighting the current artificial limitations created by the ruthless "ones" or offering us a way of escape... many don't get it yet but we will eventually.
You don't really need secretive entities like the government to tell you how to use Bitcoin. What if someone invents a way to pay for good and services with oxygen? Would you still need permission to use it? By the way no government will accept Bitcoin without trying to regulating it. Asking government to regulate Crypto is like asking Robbers to regulate the police.
Brother I don't think you need permission to use a piece of code not owned by governments as long as it is used responsibly.
Mother nature (or whatever it is) probably fighting the current artificial limitations created by the ruthless "ones" or offering us a way of escape... many don't get it yet but we will eventually.
Over time, there is a forest that Bitcoin will become less relevant due to the Flight into some other more promising currency. Of course everything does not go to another currency, but the risk of losing relevance always exists
What if people convince governments of their nations to make Bitcoin as a legal currency or what if we agree to give tax on our bitcoin income? Will government then make Bitcoin a legal currency.
Isn’t that generally the idea we are trying to work with, we are all trying to advertise and further thecause of bitcoin on a micro level as best as we can. Hoping that this would then transfer to the macro level where the government would then take notice and from there be able to have a dialogue with the government on what we want/need or would wish to have bitcoin or the whole of the cruptocurrency market for us to be able to have a much more legalized and regulated bitcoin transactions
Governments don't want our permission if they want to implement taxes on the bitcoin income,if they want they do.Still many countries don't want to legalize bitcoin because they are scared that their country currency will replaced by bitcoin and they will face economical crisis.
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