Government & Bitcoin

[arallmuus]

Actually only a small part of the "government" are aware of BTC threat and most of them are still lenient on it and perhaps dont know about satoshi at all.

I'm not sure about that, since each country have a minister that related to economy, technology, or social which the minister has to know about society issues that can give effect to his work like bitcoin.

There is a difference between "heard of" and "know". Basically most people heard of BTC but that doesnt mean that they know the actual meaning of it and/or purposes of it. Most country even viewed BTC as rather an asset, goods or trading instrument which ofcourse they thought that it is harmless and not a currency that posses threats to their their economical system.

Some country banned BTC because they knew the risk of it, some country do support BTC and most country are being on the gray zone for it because they have absolutely less knowledge about what it is and rather just treat it like goods instead

Its up to the government if they want to know deeply or just heard of. But, if bitcoin affected the country economic system, the government won't just stay and let it be happen. Don't underestimate the government, we don't know what really the government will do about bitcoin behind us.

Unfortunately, BTC posses no threat to the economic system for now. It is still treated as a stocks and not as a currency, the value of it is still being manipulated and it will be years from now before the goverment will be taking about this threats seriously.
Basically the government could do nothing about it since it is a decentralized currency which means that any government wouldnt be able to put up anything to restrict it , best thing they could do will be banning and it will be absolute pointless because all you need is a simple internet to access your BTC (beauty of crypto world)

there is another thing they can do(and probably is the best thing for us), instead of banning it they will propose something alike, like their own centralized coin, to steal users from bitcoin, by offering more security and better regulation, while leaving bitcoin as it is

many will just choose the gov coin and leave bitcoin to criminal basically...this could damage bitcoin enormously

Interesting, unless you forgot they got their own "centralized coin" already which is called FIAT in the shape of physical coin like a penny and this is just like changing FIAT into the shape of crypto FIAT which is highly unlikely going to happen because it serves them no more benefit then using FIAT itself

But why they need to collect tax from bitcoin?

By putting some tax on it, it will then discourage people to use it. People tend to avoid tax so if this is going to happen then their motive will be either discouraging people to use it by putting a high tax percentage on it and/or collect some extra profit from the people who use  it (likely going to happen)

I'm not sure if people prefer to any crypto coin that be provided by government, since government won't make something that can't give high profit something back to them.

Exactly, corrected some part of it

So if they really make that, the fee will be higher.

Or it will be no different than FIAT at all unless the digital part

[Erdogan]

Nah, they won't ban it, it's just another area they can tax and add to gdp when they need to

But why they need to collect tax from bitcoin? What they are going to do with that coin? And i think they can't added to their gdp because they not own it and its decentralized.

They don't need it, they just want it. They want everything.

[dollarneed]

Nah, they won't ban it, it's just another area they can tax and add to gdp when they need to

But why they need to collect tax from bitcoin? What they are going to do with that coin? And i think they can't added to their gdp because they not own it and its decentralized.

They don't need it, they just want it. They want everything.

Actually of course they need bitcoin,but in other way,they're gonna collect the tax from bitcoin company not in bitcoin but in fiat  thats it always they did it,its a little secret why the goverment not ban it,they are already let bitcoin grow but not ban it coz they really need bitcoin

[Dotakels]

Nah, they won't ban it, it's just another area they can tax and add to gdp when they need to

But why they need to collect tax from bitcoin? What they are going to do with that coin? And i think they can't added to their gdp because they not own it and its decentralized.

They don't need it, they just want it. They want everything.

Actually of course they need bitcoin,but in other way,they're gonna collect the tax from bitcoin company not in bitcoin but in fiat  thats it always they did it,its a little secret why the goverment not ban it,they are already let bitcoin grow but not ban it coz they really need bitcoin

If they need it, why they not published or tell it to their people what is bitcoin and they can use it as a payment. If they do that they can get more bitcoin.

[jayce]

Nah, they won't ban it, it's just another area they can tax and add to gdp when they need to

But why they need to collect tax from bitcoin? What they are going to do with that coin? And i think they can't added to their gdp because they not own it and its decentralized.

They don't need it, they just want it. They want everything.

Actually of course they need bitcoin,but in other way,they're gonna collect the tax from bitcoin company not in bitcoin but in fiat  thats it always they did it,its a little secret why the goverment not ban it,they are already let bitcoin grow but not ban it coz they really need bitcoin

I don't think so if bitcoin company/authorities want to cooperate with government since bitcoin is decentralized. But everything can be changed in future

[Amph]

Nah, they won't ban it, it's just another area they can tax and add to gdp when they need to

But why they need to collect tax from bitcoin? What they are going to do with that coin? And i think they can't added to their gdp because they not own it and its decentralized.

They don't need it, they just want it. They want everything.

i think it's both, because some revenue from taxes are used legitimately, to build bridge, chruch, any public buildings you can imagines, but other are just used for more personal purpose, and can be seen as a stolen money(they are actually that)

there is only one problem with taxes, besides they ridiculous high %, the fact that they are not transparent, and thinking about it now, it's very hilarious how governments want trasparency from us, when they are the first to deny it...

this fucking word is build around hypocrisy...

[Hazir]

Nah, they won't ban it, it's just another area they can tax and add to gdp when they need to

But why they need to collect tax from bitcoin? What they are going to do with that coin? And i think they can't added to their gdp because they not own it and its decentralized.

They don't need it, they just want it. They want everything.

i think it's both, because some revenue from taxes are used legitimately, to build bridge, chruch, any public building you can imagines,but other are just used for more personal purpose, and can be seen as a stolen money(they are actually that

there is only one problem with taxes, besides they ridiculous high %, the fact that they are not transparent, and thinking about it now, it's very hilarious how governments want trasparency from us, when they are the first to deny it...

this fucking word is build around hypocrisy...

The problem with taxes is that people have no objection when money are spent in a good way, as you said to build infrastructure, help people, grow cities and improve our world.
But when people notice that great part of their taxes are being wasted on useless things, gets stolen and disappear silently, we have a problem. If I knew where my tax money would go, I would gladly pay.

[jayce]

Nah, they won't ban it, it's just another area they can tax and add to gdp when they need to

But why they need to collect tax from bitcoin? What they are going to do with that coin? And i think they can't added to their gdp because they not own it and its decentralized.

They don't need it, they just want it. They want everything.

i think it's both, because some revenue from taxes are used legitimately, to build bridge, chruch, any public building you can imagines,but other are just used for more personal purpose, and can be seen as a stolen money(they are actually that

there is only one problem with taxes, besides they ridiculous high %, the fact that they are not transparent, and thinking about it now, it's very hilarious how governments want trasparency from us, when they are the first to deny it...

this fucking word is build around hypocrisy...

The problem with taxes is that people have no objection when money are spent in a good way, as you said to build infrastructure, help people, grow cities and improve our world.
But when people notice that great part of their taxes are being wasted on useless things, gets stolen and disappear silently, we have a problem. If I knew where my tax money would go, I would gladly pay.

and that's why everyone want to be a governor or president. The taxes is taken from you people to make facilities for the 'leader'.

[dollarneed]

Nah, they won't ban it, it's just another area they can tax and add to gdp when they need to

But why they need to collect tax from bitcoin? What they are going to do with that coin? And i think they can't added to their gdp because they not own it and its decentralized.

They don't need it, they just want it. They want everything.

i think it's both, because some revenue from taxes are used legitimately, to build bridge, chruch, any public building you can imagines,but other are just used for more personal purpose, and can be seen as a stolen money(they are actually that

there is only one problem with taxes, besides they ridiculous high %, the fact that they are not transparent, and thinking about it now, it's very hilarious how governments want trasparency from us, when they are the first to deny it...

this fucking word is build around hypocrisy...

The problem with taxes is that people have no objection when money are spent in a good way, as you said to build infrastructure, help people, grow cities and improve our world.
But when people notice that great part of their taxes are being wasted on useless things, gets stolen and disappear silently, we have a problem. If I knew where my tax money would go, I would gladly pay.

and that's why everyone want to be a governor or president. The taxes is taken from you people to make facilities for the 'leader'.

yup especially for democrate country, which corrupt its a biggest problem in that country,but actually the tax that goverment deduacated from our money is for build country,town, road and everything and the other for goverment needs,but if the goverment could manage their resources maybe citizens should not paid goverment but goverment should paid citizen, you should check brunei darusallam its an small country in south east asian that lead by a king .brunei has no personal income tax,whose people enjoy high subsidies and pay no taxes, What you earn is all yours The cost of living is considerably lower than in the UK.

[Dotakels]

Nah, they won't ban it, it's just another area they can tax and add to gdp when they need to

But why they need to collect tax from bitcoin? What they are going to do with that coin? And i think they can't added to their gdp because they not own it and its decentralized.

They don't need it, they just want it. They want everything.

i think it's both, because some revenue from taxes are used legitimately, to build bridge, chruch, any public building you can imagines,but other are just used for more personal purpose, and can be seen as a stolen money(they are actually that

there is only one problem with taxes, besides they ridiculous high %, the fact that they are not transparent, and thinking about it now, it's very hilarious how governments want trasparency from us, when they are the first to deny it...

this fucking word is build around hypocrisy...

The problem with taxes is that people have no objection when money are spent in a good way, as you said to build infrastructure, help people, grow cities and improve our world.
But when people notice that great part of their taxes are being wasted on useless things, gets stolen and disappear silently, we have a problem. If I knew where my tax money would go, I would gladly pay.

and that's why everyone want to be a governor or president. The taxes is taken from you people to make facilities for the 'leader'.

yup especially for democrate country, which corrupt its a biggest problem in that country,but actually the tax that goverment deduacated from our money is for build country,town, road and everything and the other for goverment needs,but if the goverment could manage their resources maybe citizens should not paid goverment but goverment should paid citizen, you should check brunei darusallam its an small country in south east asian that lead by a king .brunei has no personal income tax,whose people enjoy high subsidies and pay no taxes, What you earn is all yours The cost of living is considerably lower than in the UK.

And also the religion can affect the law of a country like the Catholic, they against to the law that kills people if they are do something that are very wrong.

[jayce]

Nah, they won't ban it, it's just another area they can tax and add to gdp when they need to

But why they need to collect tax from bitcoin? What they are going to do with that coin? And i think they can't added to their gdp because they not own it and its decentralized.

They don't need it, they just want it. They want everything.

i think it's both, because some revenue from taxes are used legitimately, to build bridge, chruch, any public building you can imagines,but other are just used for more personal purpose, and can be seen as a stolen money(they are actually that

there is only one problem with taxes, besides they ridiculous high %, the fact that they are not transparent, and thinking about it now, it's very hilarious how governments want trasparency from us, when they are the first to deny it...

this fucking word is build around hypocrisy...

The problem with taxes is that people have no objection when money are spent in a good way, as you said to build infrastructure, help people, grow cities and improve our world.
But when people notice that great part of their taxes are being wasted on useless things, gets stolen and disappear silently, we have a problem. If I knew where my tax money would go, I would gladly pay.

and that's why everyone want to be a governor or president. The taxes is taken from you people to make facilities for the 'leader'.

yup especially for democrate country, which corrupt its a biggest problem in that country,but actually the tax that goverment deduacated from our money is for build country,town, road and everything and the other for goverment needs,but if the goverment could manage their resources maybe citizens should not paid goverment but goverment should paid citizen, you should check brunei darusallam its an small country in south east asian that lead by a king .brunei has no personal income tax,whose people enjoy high subsidies and pay no taxes, What you earn is all yours The cost of living is considerably lower than in the UK.

And also the religion can affect the law of a country like the Catholic, they against to the law that kills people if they are do something that are very wrong.

I agree, but what's the point that you would say to us? I couldn't find any link between religion with taxes.

[freeyourmind]

I agree, but what's the point that you would say to us? I couldn't find any link between religion with taxes.

There are a lot of links between religion and law.  For example, the only reason that there is an issue with abortion or gay marriage is because those laws came from Christianity.  Catholic schools are also publicly funded and religious organizations are tax exempt.

[jayce]

I agree, but what's the point that you would say to us? I couldn't find any link between religion with taxes.

There are a lot of links between religion and law.  For example, the only reason that there is an issue with abortion or gay marriage is because those laws came from Christianity.  Catholic schools are also publicly funded and religious organizations are tax exempt.

Okay it has a connection between them. But, I think abortion is not only religion issue, but also humanity. And imo every organization should pay the tax, even at lower rates to religious and humanity organizations.

[freeyourmind]

I agree, but what's the point that you would say to us? I couldn't find any link between religion with taxes.

There are a lot of links between religion and law.  For example, the only reason that there is an issue with abortion or gay marriage is because those laws came from Christianity.  Catholic schools are also publicly funded and religious organizations are tax exempt.

Okay it has a connection between them. But, I think abortion is not only religion issue, but also humanity. And imo every organization should pay the tax, even at lower rates to religious and humanity organizations.

I believe the side that argues that there should not be a choice for abortion is largely religious, and Catholic in particular.  Because one group of people believe that it is wrong, does that mean someone that doesn't think it's wrong should have to follow the same rule?  For example, if a 15 year old gets pregnant and lives in a trailer, and doesn't have the resources to raise a child, should she be forced to have the child and take care of him/her?  Doesn't make sense.

Don't want to take this too far off topic, but there is a difference between morally sound behaviour and sin.  Some sins have become illegal even though they are morally sound, and that is because of large groups of religious voters.

[Dotakels]

I agree, but what's the point that you would say to us? I couldn't find any link between religion with taxes.

There are a lot of links between religion and law.  For example, the only reason that there is an issue with abortion or gay marriage is because those laws came from Christianity.  Catholic schools are also publicly funded and religious organizations are tax exempt.

Read the thread that i quoted. The country that have a democracy country and a main religion that can affect the law of a particular country.

[mearylll]

Nah, they won't ban it, it's just another area they can tax and add to gdp when they need to

But why they need to collect tax from bitcoin? What they are going to do with that coin? And i think they can't added to their gdp because they not own it and its decentralized.

They don't need it, they just want it. They want everything.

Actually of course they need bitcoin,but in other way,they're gonna collect the tax from bitcoin company not in bitcoin but in fiat  thats it always they did it,its a little secret why the goverment not ban it,they are already let bitcoin grow but not ban it coz they really need bitcoin

Yes the ridiculous government is waiting bitcoin to grow more as they can find the source of income out of it too in the form of the taxes they would never banned bitcoin as they are aware it is the future of the currency and they are aware that it is gonna profitable for them in the future.

[Dotakels]

Nah, they won't ban it, it's just another area they can tax and add to gdp when they need to

But why they need to collect tax from bitcoin? What they are going to do with that coin? And i think they can't added to their gdp because they not own it and its decentralized.

They don't need it, they just want it. They want everything.

Actually of course they need bitcoin,but in other way,they're gonna collect the tax from bitcoin company not in bitcoin but in fiat  thats it always they did it,its a little secret why the goverment not ban it,they are already let bitcoin grow but not ban it coz they really need bitcoin

Yes the ridiculous government is waiting bitcoin to grow more as they can find the source of income out of it too in the form of the taxes they would never banned bitcoin as they are aware it is the future of the currency and they are aware that it is gonna profitable for them in the future.

And we all know that government officials know the benefits that they can get if they put a tax for every transaction that will be made.

[Fabrizio89]

If every transaction would be taxed, the network would respond by increasing or implementing mixing coins. Or they would use a less traceable way or altcoin to do their shit

[Amph]

Nah, they won't ban it, it's just another area they can tax and add to gdp when they need to

But why they need to collect tax from bitcoin? What they are going to do with that coin? And i think they can't added to their gdp because they not own it and its decentralized.

They don't need it, they just want it. They want everything.

Actually of course they need bitcoin,but in other way,they're gonna collect the tax from bitcoin company not in bitcoin but in fiat  thats it always they did it,its a little secret why the goverment not ban it,they are already let bitcoin grow but not ban it coz they really need bitcoin

Yes the ridiculous government is waiting bitcoin to grow more as they can find the source of income out of it too in the form of the taxes they would never banned bitcoin as they are aware it is the future of the currency and they are aware that it is gonna profitable for them in the future.

some of those governments fear it because of this actually, because they will know that if they want to evade taxes they can do it with bitcon, and everything at their disposal

this is why some nations are banning it and some not

[Dotakels]

Nah, they won't ban it, it's just another area they can tax and add to gdp when they need to

But why they need to collect tax from bitcoin? What they are going to do with that coin? And i think they can't added to their gdp because they not own it and its decentralized.

They don't need it, they just want it. They want everything.

Actually of course they need bitcoin,but in other way,they're gonna collect the tax from bitcoin company not in bitcoin but in fiat  thats it always they did it,its a little secret why the goverment not ban it,they are already let bitcoin grow but not ban it coz they really need bitcoin

Yes the ridiculous government is waiting bitcoin to grow more as they can find the source of income out of it too in the form of the taxes they would never banned bitcoin as they are aware it is the future of the currency and they are aware that it is gonna profitable for them in the future.

some of those governments fear it because of this actually, because they will know that if they want to evade taxes they can do it with bitcon, and everything at their disposal

this is why some nations are banning it and some not

Yeah but some country banned it because of their culture and their faith. They want to use their own money or fiat money so that their economy will grow.