The legalization of bitcoin. - page 11.

wxa7115

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Bitcoin is GOD

Quote from: ?? on ??

Yes I like this idea.

We need to create a country where bitcoin is the official currency. It will be also interesting to see how that country will develop based on bitcoin.

Things don’t work like that, you cannot just create a country out of nowhere, unless other countries recognize then you have not created a country, so like you see, we will have the same problem we have with bitcoin but now it will be a country instead of a currency what we will be fighting for.

bitllionaire

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Quote from: Quietman on July 04, 2017, 11:13:52 PM

Quote from: NEWGOODOUBLE on July 04, 2017, 07:01:47 PM

Quote from: enabledogarmy85 on July 04, 2017, 06:08:30 PM

I like that idea. haha However i think all land over earth is owned by a government/person, so it's not that easy.

I think the key just gets the blessing and permission from the government. After that happens then bitcoin will grow very fast, many stores and agencies will adopt bitcoin, but to get legalization from the government is not easy, may have to remove the decentralization of bitcoin?

If bitcoin has been legalize, the government will take in full control over tax in bitcoin. The government knows that they are losing taxes in terms of digital currency. Bitcoin will grow fast if it has been legalize but how about the users and earners of bitcoin? Does this thing has a positive result?

may be use may be no. i think that it is not bad to pay tax on bitcoin. through tax our government run department, pay salaries and complete the development project, so paying tax is not such a big problems.

Kp4everK

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All the islands already belong to some countries and the legalization of bitcoin will scare away many users. It's used mainly because of anonymity and lack of taxes. The idea is doomed to failure.

Dudeperfect

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Even though theoretically it is possible to implement such idea, I don't think it would be worth it. The best practice should be something that would really bring the difference, such as helping the governments to learn about bitcoin and blockchain technology. It will help them to understand it and so that it will make easier to bring bitcoin in legal area which will boost the growth of the bitcoin.

Arumi.Bilqis

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Activity: 457

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I think bitcoin can not free itself, bitcoin need government that will guarantee bitcoin continuation, with bitcoin legality in every country better make bitcoin..

Quietman

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Quote from: NEWGOODOUBLE on July 04, 2017, 07:01:47 PM

Quote from: enabledogarmy85 on July 04, 2017, 06:08:30 PM

I like that idea. haha However i think all land over earth is owned by a government/person, so it's not that easy.

I think the key just gets the blessing and permission from the government. After that happens then bitcoin will grow very fast, many stores and agencies will adopt bitcoin, but to get legalization from the government is not easy, may have to remove the decentralization of bitcoin?

If bitcoin has been legalize, the government will take in full control over tax in bitcoin. The government knows that they are losing taxes in terms of digital currency. Bitcoin will grow fast if it has been legalize but how about the users and earners of bitcoin? Does this thing has a positive result?

NEWGOODOUBLE

sr. member

Activity: 476

Merit: 250

Quote from: enabledogarmy85 on July 04, 2017, 06:08:30 PM

I like that idea. haha However i think all land over earth is owned by a government/person, so it's not that easy.

I think the key just gets the blessing and permission from the government. After that happens then bitcoin will grow very fast, many stores and agencies will adopt bitcoin, but to get legalization from the government is not easy, may have to remove the decentralization of bitcoin?

Potchi

full member

Activity: 191

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Quote from: NamedUser on June 17, 2017, 11:14:38 AM

Who cares if bitcoin is declared legal or not in your country? I'm not using bitcoins because my government said it's OK I'm using it because I can make my own decisions with my own money.

More likely, who cares if bitcoin is declared or not in each of everyones country, we can use it as long as we are not violating any rules of the law and we are not harming any one.

Harry Callahan

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Activity: 350

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Quote from: Haladay on July 04, 2017, 02:30:35 PM

Here in Australia, the senate is now issuing and discussing the legal status of bitcoin. It was declared like bitcoin was formally got legal status, yet this is not working like you imagine when you first heard of it.

Does that mean that bitcoin is not legal in Australia yet. I thought i read somewhere that they will be legalizing it by now,so what is the status now,more countries are legalizing bitcoin and hope the end user does not have any difficulties because of that.

enabledogarmy85

newbie

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I like that idea. haha However i think all land over earth is owned by a government/person, so it's not that easy.

whaawh

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Activity: 714

Merit: 251

Quote from: ?? on ??

Yes I like this idea.

We need to create a country where bitcoin is the official currency. It will be also interesting to see how that country will develop based on bitcoin.

The idea is good, but the fact is that you have to imagine what Bitcoin users will lose when the coin is legalized? The fact is that users will be able to lose their independence and anonymity. This means that the payment of tax bills will be required with the profit from Bitcoin.

Haladay

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Here in Australia, the senate is now issuing and discussing the legal status of bitcoin. It was declared like bitcoin was formally got legal status, yet this is not working like you imagine when you first heard of it.

northstarh

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Activity: 210

Merit: 100

Quote from: Lancusters on June 17, 2017, 06:44:28 AM

Do you think if we create an initiative group for the legalization of bitcoin. To find uninhabited island, to announce the collection of funds for its acquisition. Everyone who contribute will receive a piece of this island. Based on the state of Bitcoin official currency of this state to make a bitcoin. Do you like this idea?

I really like this idea, although its feasibility is not high, but I see your enthusiasm here, I hope you will implement this idea, no matter what, I always support you.

kpcian

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It is very important for the establishment of bitcoin at everywhere, without legalization many people can't put trust on anything specially in the monetary system. So legalization is of the vital issue for bitcoin nowadays, Japan already approved it and South Korea also going to accept Bitcoin as a legal currency so it should be everywhere in a legalized way...

Osarman

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Quote from: bouren on July 03, 2017, 01:18:19 PM

Quote from: Lancusters on June 17, 2017, 06:44:28 AM

Do you think if we create an initiative group for the legalization of bitcoin. To find uninhabited island, to announce the collection of funds for its acquisition. Everyone who contribute will receive a piece of this island. Based on the state of Bitcoin official currency of this state to make a bitcoin. Do you like this idea?

There is hardly any land around the world which doesn't come under the territory of any nation. And if there's any then I doubt you could even survive on that barren land.
However, I have alternative idea for you. Why not join such activists, form a party, contest the election, form a government and implement bitcoin as currency.
This will also work as litmus test of bitcoin that whether common folk accept bitcoin or not.

bitcoin is a worldwide currency and most of countries accepted bitcoin as a legal currency and they u5e it as a legal currency in their country . They buy goods through it and go for trips using bitcoins and use it for gambling and to do anything they want so legalizing bitcoin will be beneficial.

whaawh

sr. member

Activity: 714

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Quote from: pitiflin on July 03, 2017, 02:48:59 PM

Firstly, good luck finding someone to cooperate with you for creating such a group,because none of them would be happy to get just a piece of your so called "uninhabited Bitcoin island".
Secondly, all the islands are occupied by the government.
Thirdly,the climate varies and think about your basic necessities like food,and important goods, you will import form other countries using Bitcoin?
Next, which reputated person would support you?
I don't think you would find an island that will match your needs,but your idea of being an independent state of Bitcoin seems good ,just requires proper thought keeping all the pros and cons in mind.

There is a very good proverb, Who seeks the one will always find. This can be said for very dubious people. Bitcoin will grow very well with increasing popularity. Legalization also depends on users in many ways. That's just one question, Do you need this by the user? The fact is that with the legalization of Bitcoin in some countries, the government will immediately begin to levy taxes from users. I'm sure that many users do not want this at all.

pitiflin

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Firstly, good luck finding someone to cooperate with you for creating such a group,because none of them would be happy to get just a piece of your so called "uninhabited Bitcoin island".
Secondly, all the islands are occupied by the government.
Thirdly,the climate varies and think about your basic necessities like food,and important goods, you will import form other countries using Bitcoin?
Next, which reputated person would support you?
I don't think you would find an island that will match your needs,but your idea of being an independent state of Bitcoin seems good ,just requires proper thought keeping all the pros and cons in mind.

bouren

sr. member

Activity: 392

Merit: 250

Quote from: Lancusters on June 17, 2017, 06:44:28 AM

Do you think if we create an initiative group for the legalization of bitcoin. To find uninhabited island, to announce the collection of funds for its acquisition. Everyone who contribute will receive a piece of this island. Based on the state of Bitcoin official currency of this state to make a bitcoin. Do you like this idea?

There is hardly any land around the world which doesn't come under the territory of any nation. And if there's any then I doubt you could even survive on that barren land.
However, I have alternative idea for you. Why not join such activists, form a party, contest the election, form a government and implement bitcoin as currency.
This will also work as litmus test of bitcoin that whether common folk accept bitcoin or not.

wxa7115

hero member

Activity: 2702

Merit: 704

Bitcoin is GOD

Quote from: Obito on June 26, 2017, 05:37:22 AM

Quote from: wxa7115 on June 21, 2017, 06:36:50 PM

Quote from: bit1 on June 18, 2017, 02:47:03 AM

Quote from: wxa7115 on June 18, 2017, 02:12:09 AM

Quote from: Lancusters on June 17, 2017, 06:44:28 AM

Do you think if we create an initiative group for the legalization of bitcoin. To find uninhabited island, to announce the collection of funds for its acquisition. Everyone who contribute will receive a piece of this island. Based on the state of Bitcoin official currency of this state to make a bitcoin. Do you like this idea?

It will not happen, every single piece of land has an owner, and when a new piece of land emerges due to volcanic activity or something like that, a government will claim ownership of that land, so unfortunately it is not possible to do that at the moment.

Anyway that does not stop that somebody can buy an island or yes? The thing is maybe that you could not buy much on that island, perhaps the direct exchange of goods would give much better result on that island, but in any case there isn´t need to mix one thing with another, it's almost like saying legalize internet,
oh wait, was it ever oneday illegal? in any case could be try of "regulate" but depending on what or for whom,
only starting from there already represents a problem define it.

You can buy an island but you cannot impose your own laws, you are still subject to the laws of the country that island belongs, you cannot try to create a country out of nowhere, believe me some have tried, look for the principality of sealand if you don’t believe me.

True, you could buy an island however you could not still create your own law because you are still in the teritory of that county. I mean if that possible then there are many country sprouting now and every rich man have thier own country. Legalization of bitcoin in ones country is possible as long as the government will accept it.

However, the best part is we do not have to, I think countries known as tax havens will welcome bitcoin since they don’t depend on taxes from external income to maintain themselves, for years major countries have tried for those countries to change that but they resist.

Yatsan

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Leading Crypto Sports Betting & Casino Platform

Quote from: Lancusters on June 17, 2017, 06:44:28 AM

Do you think if we create an initiative group for the legalization of bitcoin. To find uninhabited island, to announce the collection of funds for its acquisition. Everyone who contribute will receive a piece of this island. Based on the state of Bitcoin official currency of this state to make a bitcoin. Do you like this idea?

That is too impossible and maybe a wild dream. I am okay with the state of bitcoin now as a long term investment for me and a source of income let's just wait for the future decides what will happen in the bitcoin if bitcoin will be adopted or a new coin will surpass the bitcoin.

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