Topic: Potential obstacles for mass adoption of BTC - page 4. (Read 3942 times)
You can always sell them as soon as you get them and record the value in your national currency. I see no big problem here. If there is enough volume in future, the laws and regulations will be created to make bitcoin accounting possible.
As long as government exists, there will be taxation. Since any major merchant/producer have a reviser, and they have a balance sheet and inventory list, they will not be able to pass the declaration inspection, even if they use BTC as the only method of transaction, BTC can not be formally accepted in any accounting systems known of today
If government want to put some limitation on BTC, they can also do some block on the major IP backbone, so that BTC protocol's port get blocked
I think the first big success for BTC will be happened on a tax heaven where there is no regulation on economy activities
If government want to put some limitation on BTC, they can also do some block on the major IP backbone, so that BTC protocol's port get blocked
I think the first big success for BTC will be happened on a tax heaven where there is no regulation on economy activities
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