Why bitcoin is not supported in some countries? - page 154.

Yutikas_11920

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Quote from: deppil on December 23, 2016, 04:10:50 AM

Quote from: ABCbits on December 22, 2016, 12:08:04 PM

Most country says they ban bitcoin to protect their citizens from risks of using bitcoin or think bitcoin is related with criminal activity, but i think they ban bitcoin because they think it's threat to their fiat currency.
Even so, many bitcoiner still use bitcoin even if it's illegal in their country because usually their government don't bother looking citizens who use bitcoin.

of course it was nonsense from the government mate. the proof most bitcoin users not get the loss but most users get profit right. bitcoin is risky but if you already understand bitcoin, it will be very beneficial for you Cheesy

Agree with you. Many of them are scared to use the bitcoin due to the influence of some people who are indeed provide false or incorrect news. But it will not be a problem for those who already know and understand bitcoin, so that they can get is a big advantage and for those who are afraid to use it was remorse.Because the future of the bitcoin gets better and everyone will definitely be using bitcoin for all purposes it wants

jack1111

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Quote from: malekbaba on December 20, 2016, 09:22:20 AM

I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me

A part of your question needs technical information, you can visit mining section to know how does GPU mine Bitcoin?
About countries support, I think Bitcoin becomes more acceptable, the cases in which countries are going forward to support and regulate Bitcoin are more than the cases of banning Bitcoin, and Bitcoin users are increasing all around the world. Bangladesh is the only country in which Bitcoin is banned, I have not heard about other countries.

deppil

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Quote from: ABCbits on December 22, 2016, 12:08:04 PM

Most country says they ban bitcoin to protect their citizens from risks of using bitcoin or think bitcoin is related with criminal activity, but i think they ban bitcoin because they think it's threat to their fiat currency.
Even so, many bitcoiner still use bitcoin even if it's illegal in their country because usually their government don't bother looking citizens who use bitcoin.

of course it was nonsense from the government mate. the proof most bitcoin users not get the loss but most users get profit right. bitcoin is risky but if you already understand bitcoin, it will be very beneficial for you Cheesy

Supercrypt

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I guess bitcoin never need any support from any country because bitcoin has all the potential to withstand by its own legs. When people are having more options to enjoy their freedom which will not be definitely supported by governments. So, government may always want to regulate bitcoin that may end up in not supporting.

But supporting/regulating/banning all has big differences, I guess we never need any of these from our government for a better future with the bitcoins.

chaser15

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That's one of the reason why there are countries who are against the usage of bitcoin. But about taxing, they can easily implement taxation to bitcoin but that's is just applicable to those establishments that are registered in their SEC as profitable establishment but for individuals no doubt that they are going to have hard time for finding those people.

Why bother to taxes individual person if they can implement taxes to the exchanges site itself which is currently implemented now in most of the countries. Since bitcoin users used exchanges then that will be the one who will be taxed since they are the company and they are registered one. That's why you can some different fees in local exchanger which is quiet far from the normal rates of other exchanges.

Still good since no way we can cashout and use our bitcoin directly in most of the cases.

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Quote from: agamasrori on December 23, 2016, 12:39:51 AM

Quote from: bitcoinmasterlord on December 22, 2016, 07:04:47 PM

Quote from: Tamy96 on December 22, 2016, 12:05:13 PM

Because they think that it will damage their own currency , that's just my thought , nothing else

I think not because they it will damage their currency, but they can't trace the transactions and put a tax on to it. Most of the governments want to know the source of income so that they can add a tax but with bitcoins, it is difficult, so they may not allow bitcoins use so easily.

Yes thas right, government will not accept bitcoin if they can not get the tax from it. Japan government is regulate bitcoin but if their people buy bitcoin government take 8% of it.

maybe it's true. yes, maybe there is no real advantage to the government when receiving bitcoin, and it will only make the country into a loss. but, I was not just because of that. may, in some countries, banned bitcoin because , bitcoin could facilitate money laundering.

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Quote from: agamasrori on December 23, 2016, 12:39:51 AM

Quote from: bitcoinmasterlord on December 22, 2016, 07:04:47 PM

Quote from: Tamy96 on December 22, 2016, 12:05:13 PM

Because they think that it will damage their own currency , that's just my thought , nothing else

I think not because they it will damage their currency, but they can't trace the transactions and put a tax on to it. Most of the governments want to know the source of income so that they can add a tax but with bitcoins, it is difficult, so they may not allow bitcoins use so easily.

Yes thas right, government will not accept bitcoin if they can not get the tax from it. Japan government is regulate bitcoin but if their people buy bitcoin government take 8% of it.

Government could able to get tax only from bitcoin merchants but not on the bitcoin system itself as we all know bitcoin is decentralized and cant be control or access by anybody thats why most government would not like to adopt it because of that feature.Thats the thin i like about bitcoin we could able to evade taxation but its not really good anytime because it would really affect the economic state of a particular country.

agamasrori

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Quote from: bitcoinmasterlord on December 22, 2016, 07:04:47 PM

Quote from: Tamy96 on December 22, 2016, 12:05:13 PM

Because they think that it will damage their own currency , that's just my thought , nothing else

I think not because they it will damage their currency, but they can't trace the transactions and put a tax on to it. Most of the governments want to know the source of income so that they can add a tax but with bitcoins, it is difficult, so they may not allow bitcoins use so easily.

Yes thas right, government will not accept bitcoin if they can not get the tax from it. Japan government is regulate bitcoin but if their people buy bitcoin government take 8% of it.

ufaiz50

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Quote from: bitcoinmasterlord on December 22, 2016, 07:04:47 PM

Quote from: Tamy96 on December 22, 2016, 12:05:13 PM

Because they think that it will damage their own currency , that's just my thought , nothing else

I think not because they it will damage their currency, but they can't trace the transactions and put a tax on to it. Most of the governments want to know the source of income so that they can add a tax but with bitcoins, it is difficult, so they may not allow bitcoins use so easily.

whether fiat and commodity money can be traced ? if tax the state can take care of this, i think give tax is not difficult and no tax is advantages of bitcoin

bitcoinmasterlord

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Quote from: Tamy96 on December 22, 2016, 12:05:13 PM

Because they think that it will damage their own currency , that's just my thought , nothing else

I think not because they it will damage their currency, but they can't trace the transactions and put a tax on to it. Most of the governments want to know the source of income so that they can add a tax but with bitcoins, it is difficult, so they may not allow bitcoins use so easily.

dihari

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If you don't know, I will tell you, bitcoin is an illegal currency to use. Why is it ilegal? Because no responsibility if you loose or get hacked in that anonymous system.
Government can't control the economy like what happen now.

Text

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I don't know if what countries are not supporting bitcoin and as far as I know they can't ban it. For me they are not supporting bitcoin because they think it is illegal. Some people have bitcoins use it in buying drugs in dark market and the government don't allow online gambling.

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Quote from: Ayers on December 22, 2016, 12:17:15 PM

Quote from: Tamy96 on December 22, 2016, 12:05:13 PM

Because they think that it will damage their own currency , that's just my thought , nothing else

and it is the main reason why some country have banned it in some way or preventing it from being used by putting you in jail if you mine or stuff like that, but the primarely thing is that it's decentralized and because of this they fear tax evasion

i think still there is not such a single case in which the police have arrested a person for the reason that he is using bitcoin, i think still government have not yet given any clear statement about bitcoin to use itcoin as legal currency.

bitllionaire

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Quote from: Tamy96 on December 22, 2016, 12:05:13 PM

Because they think that it will damage their own currency , that's just my thought , nothing else

to me the only reason is that bitcoin is not properly introduced in these countries, i think they need introduction and advertisement about bitcoin so that they can start using bitcoin and enjoy the good services of bitcoin.

Indijanos

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Because those countries are usually under hard government restrictions and they won't to stay in the maximum control as they can. You don't see any "normal" government (that isn't close to communism) banning bitcoin?

ABCbits

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Most country says they ban bitcoin to protect their citizens from risks of using bitcoin or think bitcoin is related with criminal activity, but i think they ban bitcoin because they think it's threat to their fiat currency.
Even so, many bitcoiner still use bitcoin even if it's illegal in their country because usually their government don't bother looking citizens who use bitcoin.

Ayers

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Quote from: Tamy96 on December 22, 2016, 12:05:13 PM

Because they think that it will damage their own currency , that's just my thought , nothing else

and it is the main reason why some country have banned it in some way or preventing it from being used by putting you in jail if you mine or stuff like that, but the primarely thing is that it's decentralized and because of this they fear tax evasion

Tamy96

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Because they think that it will damage their own currency , that's just my thought , nothing else

SyGambler

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guess who's back

well governments do many stupid things and there is no clear answer for that , they just hate anything that they can't control or can't make profit from it
if they can they would sell you the air that you are breathing

in general there is nothing that we can do in some countries , cause some countries ban gambling and if you think about it gambling shouldn't be banned since it's a personal freedom and the gambler isn't hurting the population

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May be Governments of Bitcoin blocking countries do not want corruption / black money and any kind of criminal activities in their country or may be they have no trust in Bitcoin unless power full and rich countries Governments give assurance that they will not ban Bitcoin in their country. Just think if a country (other than US) adopts Bitcoin but very next day US government says they want to ban Bitcoin is US than what will happen with Bitcoin price and what will happen with that country who just adopted Bitcoin?

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