Government & Bitcoin

[Erdogan]

A girl plans a birthday [] I will have someone kill you. For that, he will get an ananas. Good trade. End of discussion.

How did we let things get this bad, Erdogan? How did those stupid statist parasites manage to get the upper hand on intelligent, industrious winners like us?
It just don't make no sense!
What's To Be Done?!

I didn't write that!

[nerFohanzo]

Whenever you see the government and official institutions showing interest about Bitcoin is because they want to rip it off and use features of it for their own evil intentions. They for example want to take the blockchain and adapt it to the fiat scam, which would basically be a big catastrophe. Don't fall for their traps.

But theres some government officials that have good intention to bitcoin. Maybe they want to merge or to adapt to fiat money so that the people will have a unity. Dont think a negative to the government officials they vote us because we believing them that they are good person and have a good intention to the people.

Is that really how you see the government?  Benevolent public servants that care so deeply about the interests of its citizen that their own personal interests and career come second?  That is how it should be in an ideal world, but that is definitely not the way it is working today.

Think of teachers, whose top priority should be educating kids right?  Even in a slow economy, when they don't get the union negotiated raise they are looking for, they don't hesitate to go on strike and hold a sign instead of teaching the kids they are supposed to care about.  Not trying to talk badly about teachers in particular, but I think it's pretty naive to think that a public servant is here to serve the public.  A public servant is here to keep a job and make a living.  Serving you is priority #2.

Bitcoin goes against the foundation of many economies, that are currently maintained with monetary expansion, so it wouldn't make sense for the government to welcome bitcoin.

Yeah that's true. Can't afford to trust the Government in my country. Government of countries are against the adoption of bitcoin as a currency as they view it as a threat for fiat money. And they surely know that if accept bitcoin today as a currency it will take over fiat money.

Same is the situation in my country. I Don't understand why we vote such corrupt and criminal politicians who are just busy in improving their living of standard and their personal benefits comes first and after that if they have spare time they will think of country and society.

[Xialla]

Can't afford to trust the Government in my country.

Same is the situation in my country.

well, same here;) are you also from Europe? sorry for little of OT but I'm familiar with bitcoin because I don't believe government at all:)

[Bitcoin_BOy$]

Bitcoin is the first enemy of great Banks , if bitcoin growth without the banks cooporate or found
solutions to use it to earn more , there will be a big problem and i think the first reaction is
that the government make high fees on bitcoin holders .

Bitcoin Boy .

[Snorek]

Bitcoin is the first enemy of great Banks , if bitcoin growth without the banks cooporate or found
solutions to use it to earn more , there will be a big problem and i think the first reaction is
that the government make high fees on bitcoin holders .

Bitcoin Boy .

They can't place a fee on your coins if they don't know that you have them. The only way government will know if they receive your personal information from, for example a bitcoin exchange.
Just how government has list of all users of Mt. Gox. So please avoid exchange trading if you don't want to pay fees in the future.

[Dotakels]

Bitcoin is the first enemy of great Banks , if bitcoin growth without the banks cooporate or found
solutions to use it to earn more , there will be a big problem and i think the first reaction is
that the government make high fees on bitcoin holders .

Bitcoin Boy .

They can't place a fee on your coins if they don't know that you have them. The only way government will know if they receive your personal information from, for example a bitcoin exchange.
Just how government has list of all users of Mt. Gox. So please avoid exchange trading if you don't want to pay fees in the future.

So you mean that dont give them any information so that they didn't know you and you won't pay taxes in future? but how we will do that if all of bitcoin exchanger have your information, because you wont get your money if you dont show any valid ID and you information is must.

[aso118]

So you mean that dont give them any information so that they didn't know you and you won't pay taxes in future? but how we will do that if all of bitcoin exchanger have your information, because you wont get your money if you dont show any valid ID and you information is must.

You get bitcoins by selling goods / services.
You use bitcoins to buy goods/services.
Once Bitcoin becomes prevalent, you won't need to go to exchanges to buy/sell bitcoins. You don't have to really share any information. 

[tyz]

You are from Europe, one of the most wealthy and stable regions in the world. What should people from Africa, South America or Middle East say?

Can't afford to trust the Government in my country.

Same is the situation in my country.

well, same here;) are you also from Europe? sorry for little of OT but I'm familiar with bitcoin because I don't believe government at all:)

[Amph]

So you mean that dont give them any information so that they didn't know you and you won't pay taxes in future? but how we will do that if all of bitcoin exchanger have your information, because you wont get your money if you dont show any valid ID and you information is must.

You get bitcoins by selling goods / services.
You use bitcoins to buy goods/services.
Once Bitcoin becomes prevalent, you won't need to go to exchanges to buy/sell bitcoins. You don't have to really share any information.  

they can still track you if you buy something too costly, they will check their citizens regularly, if they see that you was poor and then suddenly become well-off, an investigation will take place

it's not that easy as you think, but i could agree that someone can escape and as a result don't pay taxes, there is some luck involved

[freeyourmind]

Whenever you see the government and official institutions showing interest about Bitcoin is because they want to rip it off and use features of it for their own evil intentions. They for example want to take the blockchain and adapt it to the fiat scam, which would basically be a big catastrophe. Don't fall for their traps.

But theres some government officials that have good intention to bitcoin. Maybe they want to merge or to adapt to fiat money so that the people will have a unity. Dont think a negative to the government officials they vote us because we believing them that they are good person and have a good intention to the people.

Is that really how you see the government?  Benevolent public servants that care so deeply about the interests of its citizen that their own personal interests and career come second?  That is how it should be in an ideal world, but that is definitely not the way it is working today.

Think of teachers, whose top priority should be educating kids right?  Even in a slow economy, when they don't get the union negotiated raise they are looking for, they don't hesitate to go on strike and hold a sign instead of teaching the kids they are supposed to care about.  Not trying to talk badly about teachers in particular, but I think it's pretty naive to think that a public servant is here to serve the public.  A public servant is here to keep a job and make a living.  Serving you is priority #2.

Bitcoin goes against the foundation of many economies, that are currently maintained with monetary expansion, so it wouldn't make sense for the government to welcome bitcoin.

Yeah that's true. Can't afford to trust the Government in my country. Government of countries are against the adoption of bitcoin as a currency as they view it as a threat for fiat money. And they surely know that if accept bitcoin today as a currency it will take over fiat money.

Same is the situation in my country. I Don't understand why we vote such corrupt and criminal politicians who are just busy in improving their living of standard and their personal benefits comes first and after that if they have spare time they will think of country and society.

It's very difficult for good hearted, intelligent, empathetic people to make it in politics.  First off, the majority of the population is unable to differentiate between honesty and dishonesty, intelligence and stupidity.  So in that world, if a dishonest person paints a more attractive political picture through promises that will never be realized, and slanders their competition, many people fall for it.  People that are apathetic/sociopathic are able to lie day in day out and still go to sleep at night, and they just need to say whatever they need to get votes.  The main concern is being elected rather than improving and evolving society.

What motivation does the cream of the crop of society have to go into the government?  They become professionals, make much more money and stay out of the public eye.  The government gets the leftovers of talent.

I'm not sure if the government is afraid that bitcoin will take over fiat.  You will still need to pay taxes in fiat, which will be a portion of every transaction - sale/income/expense.  Fiat will have a place in the economy because it's what people trust, regardless of its fundamental flaws.

[aso118]

I'm not sure if the government is afraid that bitcoin will take over fiat.  You will still need to pay taxes in fiat, which will be a portion of every transaction - sale/income/expense.  Fiat will have a place in the economy because it's what people trust, regardless of its fundamental flaws.

Yes, as long as you need to pay taxes in fiat, there will always be a need for fiat. But think of a country with a huge trade deficit. If Bitcoin becomes an established international currency, they will be happy to accept bitcoins which can then be used to bridge this deficit. If dollars are welcome in places like Argentina, bitcoin will also find a place.

[Dotakels]

I'm not sure if the government is afraid that bitcoin will take over fiat.  You will still need to pay taxes in fiat, which will be a portion of every transaction - sale/income/expense.  Fiat will have a place in the economy because it's what people trust, regardless of its fundamental flaws.

Yes, as long as you need to pay taxes in fiat, there will always be a need for fiat. But think of a country with a huge trade deficit. If Bitcoin becomes an established international currency, they will be happy to accept bitcoins which can then be used to bridge this deficit. If dollars are welcome in places like Argentina, bitcoin will also find a place.

If the bitcoin takes over the fiat money theres no taxes to be pay with the government they would not give to us what they want. Theres a thing that you can't replace in this world. But using bitcoin in a country like philippines its a great help because bitcoin is the largest exchange rate here at the Philippines.

[BTCevo]

I'm not sure if the government is afraid that bitcoin will take over fiat.  You will still need to pay taxes in fiat, which will be a portion of every transaction - sale/income/expense.  Fiat will have a place in the economy because it's what people trust, regardless of its fundamental flaws.

Yes, as long as you need to pay taxes in fiat, there will always be a need for fiat. But think of a country with a huge trade deficit. If Bitcoin becomes an established international currency, they will be happy to accept bitcoins which can then be used to bridge this deficit. If dollars are welcome in places like Argentina, bitcoin will also find a place.

If the bitcoin takes over the fiat money theres no taxes to be pay with the government they would not give to us what they want. Theres a thing that you can't replace in this world. But using bitcoin in a country like philippines its a great help because bitcoin is the largest exchange rate here at the Philippines.

I guess there will be tax no matter fiat or bitcoin, why? If there is no tax to be paid how are they going to developed their country, altough not fully is for our country but still some of them must corurpt some and if this bitcoin larger they must take the full control of it then a new regulation will be made to prevent something happened

[Amph]

I'm not sure if the government is afraid that bitcoin will take over fiat.  You will still need to pay taxes in fiat, which will be a portion of every transaction - sale/income/expense.  Fiat will have a place in the economy because it's what people trust, regardless of its fundamental flaws.

Yes, as long as you need to pay taxes in fiat, there will always be a need for fiat. But think of a country with a huge trade deficit. If Bitcoin becomes an established international currency, they will be happy to accept bitcoins which can then be used to bridge this deficit. If dollars are welcome in places like Argentina, bitcoin will also find a place.

If the bitcoin takes over the fiat money theres no taxes to be pay with the government they would not give to us what they want. Theres a thing that you can't replace in this world. But using bitcoin in a country like philippines its a great help because bitcoin is the largest exchange rate here at the Philippines.

I guess there will be tax no matter fiat or bitcoin, why? If there is no tax to be paid how are they going to developed their country, altough not fully is for our country but still some of them must corurpt some and if this bitcoin larger they must take the full control of it then a new regulation will be made to prevent something happened

tax are overstimated, they don't need all that money from taxes to build their country, the true is that they use taxes for their shitty comfort, and for their dirty intentions, not to mention increase their salary to a not fair level, the thing about building infrastructure with taxes hold only a tiny true, they are using a great % of that money to do something else

this is why taxes are unfair, they are not transparent at all, and with bitcoin i'll expect more taxes evasion for sure

[BTCevo]

I'm not sure if the government is afraid that bitcoin will take over fiat.  You will still need to pay taxes in fiat, which will be a portion of every transaction - sale/income/expense.  Fiat will have a place in the economy because it's what people trust, regardless of its fundamental flaws.

Yes, as long as you need to pay taxes in fiat, there will always be a need for fiat. But think of a country with a huge trade deficit. If Bitcoin becomes an established international currency, they will be happy to accept bitcoins which can then be used to bridge this deficit. If dollars are welcome in places like Argentina, bitcoin will also find a place.

If the bitcoin takes over the fiat money theres no taxes to be pay with the government they would not give to us what they want. Theres a thing that you can't replace in this world. But using bitcoin in a country like philippines its a great help because bitcoin is the largest exchange rate here at the Philippines.

I guess there will be tax no matter fiat or bitcoin, why? If there is no tax to be paid how are they going to developed their country, altough not fully is for our country but still some of them must corurpt some and if this bitcoin larger they must take the full control of it then a new regulation will be made to prevent something happened

tax are overstimated, they don't need all that money from taxes to build their country, the true is that they use taxes for their shitty comfort, and for their dirty intentions, not to mention increase their salary to a not fair level, the thing about building infrastructure with taxes hold only a tiny true, they are using a great % of that money to do something else

this is why taxes are unfair, they are not transparent at all, and with bitcoin i'll expect more taxes evasion for sure

Yes they are using it for their dirty intention because their salary is too low and they expect it too much at the first and they need to get as much as money that they can before they die. But some of government really do the develop things from taxes but there is too many corruptor than the real good people there so they manipulated the lower. Always be like that in this government

[BobK71]

Why do owner of the business let the government own their business?  Even if they offer a big cash i will not sell my business to them because it is my assets if i lose it how i can earn?  Even if they paid me what will happened to me if the payment for my business is gone? I think the business owners are liable what happened to your country.

One possibility (and this is all imagined of course) is that the government opens new businesses to compete with private ones and drive them out by offering taxpayer subsidized cheap prices.  There are many ways.

[abcdave]

I'm not sure if the government is afraid that bitcoin will take over fiat.  You will still need to pay taxes in fiat, which will be a portion of every transaction - sale/income/expense.  Fiat will have a place in the economy because it's what people trust, regardless of its fundamental flaws.

This is exactly it. Governments probably like bitcoin because its just another thing they can tax, and banks and governments are separate entities. Lets be honest bitcoin is very likely to ever become a genuine threat to the banks as much as we'd like it to.

[Dotakels]

Why do owner of the business let the government own their business?  Even if they offer a big cash i will not sell my business to them because it is my assets if i lose it how i can earn?  Even if they paid me what will happened to me if the payment for my business is gone? I think the business owners are liable what happened to your country.

One possibility (and this is all imagined of course) is that the government opens new businesses to compete with private ones and drive them out by offering taxpayer subsidized cheap prices.  There are many ways.

Why do government compete with this private business? If they do that and they defeat the private company this company will be closeand the workers or employee of its company will not have a job and also the taxes that should be pay of this company will gone and business of government should have a budget. This is another expenses of government think about it.

[freeyourmind]

I'm not sure if the government is afraid that bitcoin will take over fiat.  You will still need to pay taxes in fiat, which will be a portion of every transaction - sale/income/expense.  Fiat will have a place in the economy because it's what people trust, regardless of its fundamental flaws.

Yes, as long as you need to pay taxes in fiat, there will always be a need for fiat. But think of a country with a huge trade deficit. If Bitcoin becomes an established international currency, they will be happy to accept bitcoins which can then be used to bridge this deficit. If dollars are welcome in places like Argentina, bitcoin will also find a place.

Not sure what you mean here.  The US has been in a trade deficit since 1975, and I'm not sure how bitcoin would change that.  They actually want to remain in a trade deficit, because they are able to consume more than they offer indefinitely, which is not what "trade" is about.  The US exports fiat currency and imports actual tangible products.  As long as exporting countries don't mind, the US doesn't ever need to balance the deficit in trade.

I believe bitcoin has the best chance in developing countries with devalued currency, low corporate presence and regulation, but high internet adoption (Philippines, Indonesia, etc.)

[manselr]

This "crisis" only makes you think how much of what we see and hear is real or not? Or how much is made to benefit a few. Oh forgot to mention.. how many deposits were transferred to Germany from citizens from Southern Europe cause German banks considered to be safer.