JayCrypto
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Activity: 28
Merit: 0
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May 21, 2015, 04:47:47 PM |
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bitcoin is a digital currency . it is money in the digital world. inorder to make it stable currency it should be utilized by many number of people for a longer time. when something becomes famous it is automatically used by several other people. the government will recognize its value when the whole world starts using it and hence it will be stable.
When the government has recognize bitcoin, he will ask the high tax for that. Government always make a tax for anything from his people. I think bitcoin doesn't need intervention from government. I fully agree. BTC is a revolution, a reaction to centralizated systems ! |
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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JLynn171
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May 21, 2015, 04:50:30 PM |
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im just wondering if it is that they dont trust it or are just waiting to adopt it when the timing is right.... I know they have to see the overall value in it, also the fact that it can be mined cheaper and more environmentally friendly than any other precious metals that are being mined... |
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RitzBitzz
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May 21, 2015, 06:39:15 PM |
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im just wondering if it is that they dont trust it or are just waiting to adopt it when the timing is right.... I know they have to see the overall value in it, also the fact that it can be mined cheaper and more environmentally friendly than any other precious metals that are being mined... I believe it is a little bit of both but mainly a distrust for something they cant control. |
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Gyfts
Legendary
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Activity: 2758
Merit: 1512
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May 25, 2015, 05:25:15 PM |
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Well, the governments run on fiat currencies. The government has control on all the economic activities that its own country runs. With Bitcoin, you don't have that control anymore. It's decentralized, the government would never adopt something that goes against its own economic system, banks, ect.
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OROBTC
Legendary
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Activity: 2912
Merit: 1852
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May 25, 2015, 05:35:42 PM |
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...
I don't know what is going to happen re Bitcoin nor the government's actions...
Based in what I think I know(!), it looks like BTC is not a .gov set-up for a digital-only currency to be levied upon us. I hope I am correct on this, it seems to be the prevailing opinion here that BTC is not some NSA/IRS conspiracy...
Assuming the above is true (but be careful re ass-u-me), the question then becomes what will .gov do about it? There are already some IRS statements on BTC as an asset, but I have yet to figure out what and how they (IRS) will handle BTC.
* * *
Are there any tax lawyers in the house here?
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Starscream
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April 27, 2018, 03:24:59 PM |
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I thought about some tim ago, and it's hard. At least for government-backed banks, because banks have a lot of business like example loans, saving and etc..
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Farma
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Activity: 2534
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
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April 27, 2018, 03:26:55 PM |
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I thought about some tim ago, and it's hard. At least for government-backed banks, because banks have a lot of business like example loans, saving and etc..
Well, for now, many countries support bitcoin. this will make bitcoin more popular, and its use will be better. well, hope all countries will receive bitcoin in a few years, and start using it together. |
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CODE200
Sr. Member
Offline
Activity: 1442
Merit: 309
★Bitvest.io★ Play Plinko or Invest!
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April 27, 2018, 04:13:51 PM |
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Why, until now, government all over the world still doesn't trust bitcoin?
In the world, different country has own government and I could say that they have different ideas, thoughts and descriptions in many things and bitcoin system is one of this. We all known that there are some countries that enjoying the totally adapting to bitcoin and some others are still banned bitcoin and the worst thing is they do banned it. I believe that there are many reason why some of them doesn't trust bitcoin and the main reason of it is they can't afford to go in the risk that bitcoin has it and maybe they afraid because of having it a high volatility. |
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RuslanSamui
Member
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Activity: 126
Merit: 10
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April 27, 2018, 10:38:58 PM |
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Hello everyone, in Russia the government is trying to take control of the crypto currency market. I'm not sure that they will manage to do this, but it does not please me
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Pasaway2701
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April 27, 2018, 10:53:40 PM |
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bitcoin is a digital currency . it is money in the digital world. inorder to make it stable currency it should be utilized by many number of people for a longer time. when something becomes famous it is automatically used by several other people. the government will recognize its value when the whole world starts using it and hence it will be stable.
When the government has recognize bitcoin, he will ask the high tax for that. Government always make a tax for anything from his people. I think bitcoin doesn't need intervention from government. That is the problem when bitcoin accept by the government, this will be hard for them to regulate it. Giving high tax is impossible there is anonymity of the accounts. They maybe add tax to the establishments that using bitcoin as payment to them so that the government can get into it where can be use for the growth of the economy. |
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poldanmig
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April 27, 2018, 10:54:16 PM |
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Why, until now, government all over the world still doesn't trust bitcoin?
I think the government has a reason maybe one of them is bitcoin is a currency that is not yet known by ordinary people, and maybe the government is also afraid of fund raising for criminal acts because bitcoin has not had security inside |
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Liternyy
Member
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Activity: 238
Merit: 11
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April 28, 2018, 05:15:29 AM |
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Ministry of Finance: In 2018 in Russia legalized bitcoins!!!
The Ministry of Finance is planning to legalize bitcoin and other crypto-currencies in Russia in 2018. The goal is to take virtual currencies under control so that they can not be laundered or illegally withdrawn. Just a year ago, the ministry proposed to deprive citizens of their freedom for using bitcoins.
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BigBos
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April 28, 2018, 05:20:22 AM |
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Why, until now, government all over the world still doesn't trust bitcoin?
I think the government has a reason maybe one of them is bitcoin is a currency that is not yet known by ordinary people, and maybe the government is also afraid of fund raising for criminal acts because bitcoin has not had security inside In fact, many things make governments afraid of bitcoin, especially in terms of investment. so in my country, they warn not to invest in bitcoin, because it has a high risk. but, they said they did not forbid to use it, just warned. |
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iram3130
Legendary
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Activity: 1512
Merit: 1010
ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀
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April 28, 2018, 05:46:20 AM |
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Because they cant control it. Its decentralized and governments will never trust anything which is decentralized. People think governments are to help them grow but most of the time they just control everything and growth is just a propaganda.
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dodz031718
Newbie
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Activity: 112
Merit: 0
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April 28, 2018, 06:05:17 AM |
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Bitcoin would encourage more money laundering due to the anonymity it provides. Regular people still don't understand Bitcoin and think of it as some kind of scam.We need more public awareness about Bitcoin and spread the words on social media and other platforms to let the know the world, Bitcoin is revolutionary invention more advanced and more secure crypto currency as time will pass we will see more adoption about Bitcoin.
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Malsetid
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April 28, 2018, 06:19:09 AM |
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bitcoin is a digital currency . it is money in the digital world. inorder to make it stable currency it should be utilized by many number of people for a longer time. when something becomes famous it is automatically used by several other people. the government will recognize its value when the whole world starts using it and hence it will be stable.
When the government has recognize bitcoin, he will ask the high tax for that. Government always make a tax for anything from his people. I think bitcoin doesn't need intervention from government. That is the problem when bitcoin accept by the government, this will be hard for them to regulate it. Giving high tax is impossible there is anonymity of the accounts. They maybe add tax to the establishments that using bitcoin as payment to them so that the government can get into it where can be use for the growth of the economy. Bitcoin and crypto can't go full throttle without the government allowing it. The regulations that most governments will implement isn't just for taxes but it will make sure that certain problems with crypto can be addressed. It's inevitable that it'll be taxed but i think that's a small price to pay for this industry to be able to move forward well into the future. |
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Putunembah
Jr. Member
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Activity: 326
Merit: 1
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April 28, 2018, 06:19:30 AM |
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Why, until now, government all over the world still doesn't trust bitcoin?
what do you think? what do you mean the government believes that bitcoin exists, I think every country believes, but if any country still can not legalize bitcoin, it must have its own reason, but now many countries can accept and legalize the existence of bitcoin, hopefully more countries will legalize bitcoin. |
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bce
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April 28, 2018, 06:34:45 AM |
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Why, until now, government all over the world still doesn't trust bitcoin?
probably because bitcoin has not been recognized as a globally recognized global currency for trading and bitcoin transactions accessible to anyone and anywhere else maybe bitcoin is too easy for money laundering and fund-raising for crime it may be the reason the government can not trust the government |
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gusnulyadi
Newbie
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Activity: 118
Merit: 0
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April 28, 2018, 09:32:20 AM |
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Because bitcoin has no formal basis and regulatory authority, bitcoin is prone to abuse for illegal transactions, money laundering, and financing of terrorism.
This has the potential to cause bubble. Therefore, the transaction of speculative virtual currency values. Not only harm the society later, such transactions can also disrupt the stability of the state financial system.
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dvillier
Member
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Activity: 238
Merit: 57
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April 28, 2018, 09:59:44 AM |
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Bitcoin would empower more tax evasion because of the obscurity it gives. Normal individuals still don't comprehend Bitcoin and consider it some sort of scam.We require more open mindfulness about Bitcoin and spread the words via web-based networking media and different stages to let the know the world, Bitcoin is progressive innovation further developed and more secure cryptographic money as time will pass we will see more selection about Bitcoin.
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