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Bitcoin_BOy$
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May 11, 2015, 10:49:57 PM |
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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. I don't think Government like bitcoin , they're fighting bitcoin and also bitcoin holder won't be easy to tax , they may be anonymous for many years  . Hope bitcoin became very likely too . Bitcoin Boy . |
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Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
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Dotakels
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May 12, 2015, 04:06:50 AM |
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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 Yeah you can count in your hand the people or the government officials that only need is to have a great country and have a good intention and they did't think or care about money they have care to their community and the youth of that place. |
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hodap
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May 12, 2015, 04:23:23 AM |
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The sharing economy is just going to continue to grow, and governments will be challenged to understand and manage its implications while embracing its benefits. However, governments will be at a significant disadvantage if they wait too long and newer technologies and markets will have already been developed that do not follow traditional models. Think of the following: Uber is the world’s largest taxi service and owns no cars. Airbnb provides lodging yet does not own real estate.
How will local governments adapt to these new ways of doing business that are disrupting traditional business models? All we know now is that governments are a long way from even contemplating and accepting this new reality.
No government going to willingly give up its sovereign power to issue money. |
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aso118
Legendary
 Offline
Activity: 1918
Merit: 1012
★Nitrogensports.eu★
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May 13, 2015, 12:13:29 AM |
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The sharing economy is just going to continue to grow, and governments will be challenged to understand and manage its implications while embracing its benefits. However, governments will be at a significant disadvantage if they wait too long and newer technologies and markets will have already been developed that do not follow traditional models. Think of the following: Uber is the world’s largest taxi service and owns no cars. Airbnb provides lodging yet does not own real estate.
How will local governments adapt to these new ways of doing business that are disrupting traditional business models? All we know now is that governments are a long way from even contemplating and accepting this new reality.
No government going to willingly give up its sovereign power to issue money. It doesn't have to be willing. It may be forced. There are some governments which have adopted the US dollar as their currency, to encourage investors to come in. Bitcoin can play a similar role. |
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freeyourmind
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May 13, 2015, 05:24:41 AM |
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The sharing economy is just going to continue to grow, and governments will be challenged to understand and manage its implications while embracing its benefits. However, governments will be at a significant disadvantage if they wait too long and newer technologies and markets will have already been developed that do not follow traditional models. Think of the following: Uber is the world’s largest taxi service and owns no cars. Airbnb provides lodging yet does not own real estate.
How will local governments adapt to these new ways of doing business that are disrupting traditional business models? All we know now is that governments are a long way from even contemplating and accepting this new reality.
No government going to willingly give up its sovereign power to issue money. It doesn't have to be willing. It may be forced. There are some governments which have adopted the US dollar as their currency, to encourage investors to come in. Bitcoin can play a similar role. I know USD is accepted in other countries, but which countries are you referring to where the government adopted the US dollar? |
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Dotakels
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May 13, 2015, 06:32:17 AM |
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The sharing economy is just going to continue to grow, and governments will be challenged to understand and manage its implications while embracing its benefits. However, governments will be at a significant disadvantage if they wait too long and newer technologies and markets will have already been developed that do not follow traditional models. Think of the following: Uber is the world’s largest taxi service and owns no cars. Airbnb provides lodging yet does not own real estate.
How will local governments adapt to these new ways of doing business that are disrupting traditional business models? All we know now is that governments are a long way from even contemplating and accepting this new reality.
No government going to willingly give up its sovereign power to issue money. It doesn't have to be willing. It may be forced. There are some governments which have adopted the US dollar as their currency, to encourage investors to come in. Bitcoin can play a similar role. I know USD is accepted in other countries, but which countries are you referring to where the government adopted the US dollar? Almost all country are accepting US dollars. Because of their agreement and world peace. And most of country that accepting different currency are democratic country and even a communist country are accepting different currency. |
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Amph
Legendary
Offline
Activity: 3206
Merit: 1069
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May 13, 2015, 07:17:05 AM |
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The sharing economy is just going to continue to grow, and governments will be challenged to understand and manage its implications while embracing its benefits. However, governments will be at a significant disadvantage if they wait too long and newer technologies and markets will have already been developed that do not follow traditional models. Think of the following: Uber is the world’s largest taxi service and owns no cars. Airbnb provides lodging yet does not own real estate.
How will local governments adapt to these new ways of doing business that are disrupting traditional business models? All we know now is that governments are a long way from even contemplating and accepting this new reality.
No government going to willingly give up its sovereign power to issue money. It doesn't have to be willing. It may be forced. There are some governments which have adopted the US dollar as their currency, to encourage investors to come in. Bitcoin can play a similar role. I know USD is accepted in other countries, but which countries are you referring to where the government adopted the US dollar? see here http://en.wikipedia.org/wiki/Currency_substitutionsometimes some countries use parallel currencies or substitute their native currency for their economy |
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aso118
Legendary
Offline
Activity: 1918
Merit: 1012
★Nitrogensports.eu★
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May 14, 2015, 12:42:01 AM |
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It doesn't have to be willing. It may be forced.
There are some governments which have adopted the US dollar as their currency, to encourage investors to come in. Bitcoin can play a similar role.
I know USD is accepted in other countries, but which countries are you referring to where the government adopted the US dollar? see here http://en.wikipedia.org/wiki/Currency_substitutionsometimes some countries use parallel currencies or substitute their native currency for their economy Yes, that is what I was talking about. Ecuador is one famous example. If people/investors lose faith in the ability of the government to manage monetary policy, adopting a foreign currency may be a way to encourage investors to come in. |
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Dotakels
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May 14, 2015, 01:57:32 AM |
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It doesn't have to be willing. It may be forced.
There are some governments which have adopted the US dollar as their currency, to encourage investors to come in. Bitcoin can play a similar role.
I know USD is accepted in other countries, but which countries are you referring to where the government adopted the US dollar? see here http://en.wikipedia.org/wiki/Currency_substitutionsometimes some countries use parallel currencies or substitute their native currency for their economy Yes, that is what I was talking about. Ecuador is one famous example. If people/investors lose faith in the ability of the government to manage monetary policy, adopting a foreign currency may be a way to encourage investors to come in. Yeah because they can earned a big money in that country because the people of that country have no trust to their government so that they will buy or trust the private business and also the investors will invest in the private business and not in government business. |
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Xenoph0bia
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May 14, 2015, 05:36:19 PM |
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If the Government is honest and not corrupted they would happily welcome bitcoin as a opportunity to new era of technology. But if the Government is corrupted then it would definitely view bitcoin as a threat to fiat currency and would not entertain it in the future course of time.
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hunnaryb
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May 14, 2015, 08:46:05 PM |
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If the Government is honest and not corrupted they would happily welcome bitcoin as a opportunity to new era of technology. But if the Government is corrupted then it would definitely view bitcoin as a threat to fiat currency and would not entertain it in the future course of time.
Thats Right but the country i live i dont think that govt will anyhow accept the bitcoin as a currency or a mode of payment as they are very much busy in their own bread and butter...they really dont care about the country and the society as they want to earn the maximum. |
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freeyourmind
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May 14, 2015, 11:24:41 PM |
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The sharing economy is just going to continue to grow, and governments will be challenged to understand and manage its implications while embracing its benefits. However, governments will be at a significant disadvantage if they wait too long and newer technologies and markets will have already been developed that do not follow traditional models. Think of the following: Uber is the world’s largest taxi service and owns no cars. Airbnb provides lodging yet does not own real estate.
How will local governments adapt to these new ways of doing business that are disrupting traditional business models? All we know now is that governments are a long way from even contemplating and accepting this new reality.
No government going to willingly give up its sovereign power to issue money. It doesn't have to be willing. It may be forced. There are some governments which have adopted the US dollar as their currency, to encourage investors to come in. Bitcoin can play a similar role. I know USD is accepted in other countries, but which countries are you referring to where the government adopted the US dollar? see here http://en.wikipedia.org/wiki/Currency_substitutionsometimes some countries use parallel currencies or substitute their native currency for their economy Thanks for the link. For the countries that exclusively use the USD, that would be a government decision, but for the countries that use the USD in parallel with their local currency, I wonder if that is a government decision or the general market losing faith and using USD (especially countries that have a large tourism industry). When I went to Cambodia, it seemed as if the people actually preferred using USD, but that preference seemed to be based on their own confidence in the USD and not necessarily the government. |
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stromma44
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May 15, 2015, 07:17:11 AM |
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The sharing economy is just going to continue to grow, and governments will be challenged to understand and manage its implications while embracing its benefits. However, governments will be at a significant disadvantage if they wait too long and newer technologies and markets will have already been developed that do not follow traditional models. Think of the following: Uber is the world’s largest taxi service and owns no cars. Airbnb provides lodging yet does not own real estate.
How will local governments adapt to these new ways of doing business that are disrupting traditional business models? All we know now is that governments are a long way from even contemplating and accepting this new reality.
No government going to willingly give up its sovereign power to issue money. It doesn't have to be willing. It may be forced. There are some governments which have adopted the US dollar as their currency, to encourage investors to come in. Bitcoin can play a similar role. I know USD is accepted in other countries, but which countries are you referring to where the government adopted the US dollar? see here http://en.wikipedia.org/wiki/Currency_substitutionsometimes some countries use parallel currencies or substitute their native currency for their economy Thanks for the link. For the countries that exclusively use the USD, that would be a government decision, but for the countries that use the USD in parallel with their local currency, I wonder if that is a government decision or the general market losing faith and using USD (especially countries that have a large tourism industry). When I went to Cambodia, it seemed as if the people actually preferred using USD, but that preference seemed to be based on their own confidence in the USD and not necessarily the government. That is true that USD is most powerful and accepted currency across the globe. But it can be replaced by the bitcoins if the Government shows their interests in accepting bitcoin as a currency as a mode of payment you cannot ignore the fact that bitcoin is not getting the support that it should get. |
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Amph
Legendary
Offline
Activity: 3206
Merit: 1069
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May 15, 2015, 07:22:41 AM |
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The sharing economy is just going to continue to grow, and governments will be challenged to understand and manage its implications while embracing its benefits. However, governments will be at a significant disadvantage if they wait too long and newer technologies and markets will have already been developed that do not follow traditional models. Think of the following: Uber is the world’s largest taxi service and owns no cars. Airbnb provides lodging yet does not own real estate.
How will local governments adapt to these new ways of doing business that are disrupting traditional business models? All we know now is that governments are a long way from even contemplating and accepting this new reality.
No government going to willingly give up its sovereign power to issue money. It doesn't have to be willing. It may be forced. There are some governments which have adopted the US dollar as their currency, to encourage investors to come in. Bitcoin can play a similar role. I know USD is accepted in other countries, but which countries are you referring to where the government adopted the US dollar? see here http://en.wikipedia.org/wiki/Currency_substitutionsometimes some countries use parallel currencies or substitute their native currency for their economy Thanks for the link. For the countries that exclusively use the USD, that would be a government decision, but for the countries that use the USD in parallel with their local currency, I wonder if that is a government decision or the general market losing faith and using USD (especially countries that have a large tourism industry). When I went to Cambodia, it seemed as if the people actually preferred using USD, but that preference seemed to be based on their own confidence in the USD and not necessarily the government. That is true that USD is most powerful and accepted currency across the globe. But it can be replaced by the bitcoins if the Government shows their interests in accepting bitcoin as a currency as a mode of payment you cannot ignore the fact that bitcoin is not getting the support that it should get. i don't know, i think it's better for bitcoin to take on less stronger fiat first and let the usd ,as the last fiat to overcome, there are many other government that may benefit from bitcoin, usa isn't one of those |
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Dotakels
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May 15, 2015, 03:41:33 PM |
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The sharing economy is just going to continue to grow, and governments will be challenged to understand and manage its implications while embracing its benefits. However, governments will be at a significant disadvantage if they wait too long and newer technologies and markets will have already been developed that do not follow traditional models. Think of the following: Uber is the world’s largest taxi service and owns no cars. Airbnb provides lodging yet does not own real estate.
How will local governments adapt to these new ways of doing business that are disrupting traditional business models? All we know now is that governments are a long way from even contemplating and accepting this new reality.
No government going to willingly give up its sovereign power to issue money. It doesn't have to be willing. It may be forced. There are some governments which have adopted the US dollar as their currency, to encourage investors to come in. Bitcoin can play a similar role. I know USD is accepted in other countries, but which countries are you referring to where the government adopted the US dollar? see here http://en.wikipedia.org/wiki/Currency_substitutionsometimes some countries use parallel currencies or substitute their native currency for their economy Thanks for the link. For the countries that exclusively use the USD, that would be a government decision, but for the countries that use the USD in parallel with their local currency, I wonder if that is a government decision or the general market losing faith and using USD (especially countries that have a large tourism industry). When I went to Cambodia, it seemed as if the people actually preferred using USD, but that preference seemed to be based on their own confidence in the USD and not necessarily the government. That is true that USD is most powerful and accepted currency across the globe. But it can be replaced by the bitcoins if the Government shows their interests in accepting bitcoin as a currency as a mode of payment you cannot ignore the fact that bitcoin is not getting the support that it should get. i don't know, i think it's better for bitcoin to take on less stronger fiat first and let the usd ,as the last fiat to overcome, there are many other government that may benefit from bitcoin, usa isn't one of those The most country that have a benefit with bitcoin is japan. And satoshi is from japan so that he introduce it and many miners are live in japan. |
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andulolika
Legendary
Offline
Activity: 2310
Merit: 1047
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May 15, 2015, 03:49:19 PM |
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Uber is the world’s largest taxi service and owns no cars. Airbnb provides lodging yet does not own real estate. Heh it took few seconds to me but i loved your quote, great book. The most country that have a benefit with bitcoin is japan. And satoshi is from japan so that he introduce it and many miners are live in japan.
Bitcoin is mostly used in USA tought chinesse are buying it like crazy, same with the miners i dont see japan as such BTC superpower, i think they got goxxed harder than the rest of the world. |
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freeyourmind
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May 15, 2015, 05:09:35 PM |
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Thanks for the link.
For the countries that exclusively use the USD, that would be a government decision, but for the countries that use the USD in parallel with their local currency, I wonder if that is a government decision or the general market losing faith and using USD (especially countries that have a large tourism industry). When I went to Cambodia, it seemed as if the people actually preferred using USD, but that preference seemed to be based on their own confidence in the USD and not necessarily the government.
That is true that USD is most powerful and accepted currency across the globe. But it can be replaced by the bitcoins if the Government shows their interests in accepting bitcoin as a currency as a mode of payment you cannot ignore the fact that bitcoin is not getting the support that it should get. Well anyone that wants to support Bitcoin is free to do so, so it is getting the support it should be getting. The government is very slow with integrating anything, and adopting a new form of technology isn't something the government does. I got audited by the government last year, and had to send FAX or MAIL back to them. They did not even accept an online submission or e-mail. If you cannot e-mail supporting documents, do you really think the retarded giant is ready for Bitcoin, the misunderstood volatile cryptocurrency that is not even mainstream yet? It will need to hit the mainstream ahead of government as they are the slowest to adapt to anything, especially when it takes away the power than they work so hard to obtain. |
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umaOuma
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May 15, 2015, 06:39:22 PM |
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Thanks for the link.
For the countries that exclusively use the USD, that would be a government decision, but for the countries that use the USD in parallel with their local currency, I wonder if that is a government decision or the general market losing faith and using USD (especially countries that have a large tourism industry). When I went to Cambodia, it seemed as if the people actually preferred using USD, but that preference seemed to be based on their own confidence in the USD and not necessarily the government.
That is true that USD is most powerful and accepted currency across the globe. But it can be replaced by the bitcoins if the Government shows their interests in accepting bitcoin as a currency as a mode of payment you cannot ignore the fact that bitcoin is not getting the support that it should get. Well anyone that wants to support Bitcoin is free to do so, so it is getting the support it should be getting. The government is very slow with integrating anything, and adopting a new form of technology isn't something the government does. I got audited by the government last year, and had to send FAX or MAIL back to them. They did not even accept an online submission or e-mail. If you cannot e-mail supporting documents, do you really think the retarded giant is ready for Bitcoin, the misunderstood volatile cryptocurrency that is not even mainstream yet? It will need to hit the mainstream ahead of government as they are the slowest to adapt to anything, especially when it takes away the power than they work so hard to obtain. Yeah that's true we never know that when Government will start adapting and accepting the bitcoins as the government process is very slow unlike the government officer where you visit to get things done and you have to visit regularly to get things done so bitcoins i think still long way to wait. |
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bumpk1nK
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May 15, 2015, 07:12:05 PM |
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I say keepz the government out of da cryptos all together. We don't need them. we don't want them. We are strong without them.
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dc98wdHhcjkwleHUnBce8gd87teibN9ys38y3uTgsHG02e9-ok my keyboard works!
Insurance is a ripoff.
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tyz
Legendary
Offline
Activity: 3360
Merit: 1530
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May 15, 2015, 07:57:31 PM |
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Without government support crypto currencies will in normal times ever be just a niche thing for nerds, techies and libertarians. You need the government regulation and acceptance to reach the mass and mainstream. I say keepz the government out of da cryptos all together. We don't need them. we don't want them. We are strong without them.
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