Bitcoin Cyprus

[greyhawk]

The non virtuous businessmen and tax evaders of Cyprus didn't help.

Good thing that bitcoin is coming then, no?

[tgb29]

The non virtuous businessmen and tax evaders of Cyprus didn't help.

Good thing that bitcoin is coming then, no?

Do you use Bitcoin as a way to avoid taxes?

I'm not saying this is wrong but it'll be hard to work with governments and banks if BTC users all start avoiding taxes.

The reason I like Cyprus is because the taxes are low for international businessmen. I will never hold my assets in a Cyprus bank because my assets will all be in BTC. But I will pay the required taxes on the profits my Cyprus operations generate from BTC.

Instead of viewing BTC as a way to avoid taxes, I think we should view BTC as a way to educate consumers and improve our financial infrastructure. It will be easier to lower our taxes if moving money from A to B becomes more efficient.

In short, I think we should not use BTC to avoid taxes. We should use BTC as a means to lower our taxes.

[greyhawk]

See, but that is the rational response.

Unfortunately this forum caters more to the "the best government is no government (with me as sole ruler)" types.

[tgb29]

I'm

[cryptocyprus]

tgb29 I am already about 9 months in the planning stage ahead of getting them to accept BTC, solutions are already in motion. PM me with some contact details and I will happily discuss it over Skype or via email.

[Lohoris]

But remember that we the people are the ones who vote in our government officials.

Not exactly.
If the barrier in order to be elected is too high and random people can't reasonably think of setting up a party, you can't really call them free elections.

[tgb29]

hey

[Lohoris]

If "random people can't reasonably think of setting up a party" then that's the fault of the individual. There's enough information on the internet to enlighten all of humanity to the point of singularity.

Nope, there are huge monetary costs, and incredible bureaucratic walls.
Even if you manage to gather enough determined individuals, if you don't have the money you get nowhere.

[applelover]

Can I invest in your guys' company? I think it is a visionary idea.

[BetcoinCasino]

It appears that you are setting up an exchange out of Cyprus.  How are you finding the transfer of Bitcoin into another type of currency out of Cyprus?