|
chennan
Legendary
Offline
Activity: 1316
Merit: 1004
|
|
June 15, 2015, 09:07:31 AM |
|
I think bitcoin means to be currency! There is no points to be charged VAT from each transactions. As bitcoin adoption rate increases, govs, merchants and individual bitcoiners realize the facts.
|
|
|
|
randy8777
Legendary
Offline
Activity: 896
Merit: 1000
|
|
June 15, 2015, 09:49:09 AM |
|
no vat makes it even more interesting than it already was. i think even more countries will follow this line. but as always, there will be countries attacking bitcoin by not allowing it.
|
|
|
|
bryant.coleman
Legendary
Offline
Activity: 3696
Merit: 1217
|
|
June 15, 2015, 10:14:06 AM |
|
There will be countries attacking bitcoin by not allowing it.
It doesn't matter. We need just one country, which allows Bitcoin. And Switzerland, as of now, seems to be the best candidate among the UN member nations. And remember that Bitcoin is a currency, which can't be banned by the governments. If the government wants to ban bitcoin, it has to ban the internet also. Is this possible?
|
|
|
|
Amph
Legendary
Offline
Activity: 3206
Merit: 1069
|
|
June 15, 2015, 10:47:27 AM |
|
it's good that we have not a single government controlling the entire world, or otherwise bitcoin would be doomed, the fact that there is not a single entity that control everything, make the future of bitcoin sustainable, at least from some of them
i'm sure that who will not adapt will remain behind, switzerland knows it, someone would start to think about going in the best place where bitcoin is treated in the best possible way and with no stupid restrictions or no-sense taxes, like vat
|
|
|
|
Anony
Sr. Member
Offline
Activity: 308
Merit: 250
Invest & Earn: https://cloudthink.io
|
|
June 15, 2015, 10:51:36 AM |
|
No wonder most of the mining rigs are being moved to Switzerland. This has to come now or later. Good that it happened earlier. Hope US would also start doing the same. Then that would be a real boost for the bitcoins.
|
|
|
|
Marbit
|
|
June 15, 2015, 11:28:05 AM |
|
Now that's great news, acceptance as currency without added taxes is exactly the kind of thing needed to boost this crypto currency. I'm really interested to see how it pans out, and if US were to recognize it as a currency, then that would be a game changer ( assuming it's recognized without addition of some taxes)
|
|
|
|
Lauda
Legendary
Offline
Activity: 2674
Merit: 2965
Terminated.
|
|
June 15, 2015, 11:40:03 AM |
|
Finally we're seeing some good news. I've always thought that Switzerland was one of the countries that is great, especially since discovering Protonmail. We should be posting this news everywhere to make up for the media abusing negative news. No wonder most of the mining rigs are being moved to Switzerland. This has to come now or later. Good that it happened earlier. Hope US would also start doing the same. Then that would be a real boost for the bitcoins.
Hashrate is being moved to Switzerland? Source?
|
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
|
|
|
Don007
Legendary
Offline
Activity: 1050
Merit: 1007
Live like there is no tomorrow!
|
|
June 15, 2015, 11:50:57 AM |
|
No wonder most of the mining rigs are being moved to Switzerland. This has to come now or later. Good that it happened earlier. Hope US would also start doing the same. Then that would be a real boost for the bitcoins.
Hashrate is being moved to Switzerland? Source? I'm interested in this information too. I think the living standard in Switzerland is quite high, thus quite expensive, and I'm afraid this also works out on electricity costs (as it already does on the rent to be paid etcetera). Which means that when you're not from Switzerland (and doesn't have an income / salary in that country), it's quite expensive to host your miners over there. Although I'm not sure whether specific regulation apply for for example Industrial zones in Switzerland.
|
{Curently quite inactive as I'm really busy in my private life. I will get back soon!} -> Your line here during my inactivity? Feel free to PM <-
|
|
|
Lauda
Legendary
Offline
Activity: 2674
Merit: 2965
Terminated.
|
|
June 15, 2015, 07:15:02 PM |
|
I'm interested in this information too. I think the living standard in Switzerland is quite high, thus quite expensive, and I'm afraid this also works out on electricity costs (as it already does on the rent to be paid etcetera). Which means that when you're not from Switzerland (and doesn't have an income / salary in that country), it's quite expensive to host your miners over there.
Although I'm not sure whether specific regulation apply for for example Industrial zones in Switzerland.
I was just doing some research and I don't believe this to be true. According to the information that I've found: For 2015 it can be assumed that the average price for private consumers will be around 21 cents/kWh
SourceI've also found this showing us that a lot of other countries have much cheaper electricity. Even though Switzerland is good for privacy, it definitely isn't for mining efficiency. I don't think that we are going to see even part of the hashrate get moved there.
|
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
|
|
|
Anony
Sr. Member
Offline
Activity: 308
Merit: 250
Invest & Earn: https://cloudthink.io
|
|
June 16, 2015, 12:33:42 PM |
|
Finally we're seeing some good news. I've always thought that Switzerland was one of the countries that is great, especially since discovering Protonmail. We should be posting this news everywhere to make up for the media abusing negative news. No wonder most of the mining rigs are being moved to Switzerland. This has to come now or later. Good that it happened earlier. Hope US would also start doing the same. Then that would be a real boost for the bitcoins.
Hashrate is being moved to Switzerland? Source? I have read in a article that the resources are pretty cheap in Switzerland for mining purpose. It was written that few companies have already started installation there. I assume many will follow.
|
|
|
|
Lauda
Legendary
Offline
Activity: 2674
Merit: 2965
Terminated.
|
|
June 16, 2015, 12:48:08 PM |
|
I have read in a article that the resources are pretty cheap in Switzerland for mining purpose. It was written that few companies have already started installation there. I assume many will follow.
How about you post a source. I'm not the only one who is interested, but without an actual source your words don't mean much in this case. The electricity is quite expensive there; what resources are you talking about?
|
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
|
|
|
ajareselde
Legendary
Offline
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
|
|
June 16, 2015, 02:51:26 PM |
|
There will be countries attacking bitcoin by not allowing it.
It doesn't matter. We need just one country, which allows Bitcoin. And Switzerland, as of now, seems to be the best candidate among the UN member nations. And remember that Bitcoin is a currency, which can't be banned by the governments. If the government wants to ban bitcoin, it has to ban the internet also. Is this possible? "In a recent milestone the a financial marketplace for digital currencies, Ecurex, came out of stealth mode and announced it has the first Swiss digital finance marketplace to be fully compliant with country’s anti-money laundering legislation" This is definitely the future of bitcoin trading, fully within all laws of the country it operates within, and not some btc-e or such, where you don't even know who the owner is or where the company is located. Bitcoin can not be banned, even if providers are to block common bitcoin ports, anyone could just use VPN to bypass it. What they can do is to ban trading within their country, but then again, you would just use other exchanges and trade there. As you can see, fighting bitcoin is futile, and often just ends up giving bitcoin more exposure in the press. Recently it was mentioned that even Russia is backing off from initial plan to ban bitcoin and instead allow bitcoin transactions (source:http://cointelegraph.com/news/114556/weekend-roundup-venezuelans-turn-to-bitcoin-russia-to-legalize-bitcoin-transactions?utm_source=google&utm_medium=cpc&utm_campaign=bitcointalk&utm_term=evg) It seams that they are starting to figure out how fighting bitcoin is futile, and that it's better to profit from it instead. cheers
|
|
|
|
hifzi
|
|
June 16, 2015, 03:23:13 PM |
|
There will be countries attacking bitcoin by not allowing it.
It doesn't matter. We need just one country, which allows Bitcoin. And Switzerland, as of now, seems to be the best candidate among the UN member nations. And remember that Bitcoin is a currency, which can't be banned by the governments. If the government wants to ban bitcoin, it has to ban the internet also. Is this possible? if internet has to be ban it will make global catasthrope, hahaaa
|
|
|
|
BillyBobZorton
Legendary
Offline
Activity: 1204
Merit: 1028
|
|
June 16, 2015, 04:01:40 PM |
|
Any other way and it would be a straight scam. It makes zero sense to pay VAT with BTC. No one ever would get their BTC taxed. Imagine having to pay VAT for every transaction you ever did exchanges. As a daytrader it would be a death sentence.
|
|
|
|
jayce
Legendary
Offline
Activity: 3010
Merit: 1515
Pie Baking Contest: https://tinyurl.com/2s3z6dee
|
|
June 16, 2015, 04:36:22 PM |
|
There will be countries attacking bitcoin by not allowing it.
It doesn't matter. We need just one country, which allows Bitcoin. And Switzerland, as of now, seems to be the best candidate among the UN member nations. And remember that Bitcoin is a currency, which can't be banned by the governments. If the government wants to ban bitcoin, it has to ban the internet also. Is this possible? I think there are other ways by government to ban bitcoin than ban internet, like closed the shop online that accept bitcoin, state bitcoin is terrorist transaction stuff so the society won't accept bitcoin, and make a law about bitcoin so it can't be used freely. But, for now government don't have any reason to do that.
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
|
|
|
Outlander
Legendary
Offline
Activity: 1218
Merit: 1000
|
|
June 17, 2015, 08:33:17 AM |
|
There will be countries attacking bitcoin by not allowing it.
It doesn't matter. We need just one country, which allows Bitcoin. And Switzerland, as of now, seems to be the best candidate among the UN member nations. And remember that Bitcoin is a currency, which can't be banned by the governments. If the government wants to ban bitcoin, it has to ban the internet also. Is this possible? I think there are other ways by government to ban bitcoin than ban internet, like closed the shop online that accept bitcoin, state bitcoin is terrorist transaction stuff so the society won't accept bitcoin, and make a law about bitcoin so it can't be used freely. But, for now government don't have any reason to do that. Even Russion gov banned bitcoin before and they now abolish their none sense policy! As the increasing number of ppl are adopting bitcoin, gov becomes more friendly to it. We know that bitcion industry has much potential and probably bring them many jobs!
|
|
|
|
Q7
|
|
June 17, 2015, 11:38:48 AM |
|
And that is something considered good news. I don't why or how in any way they could impose vat since you don't register the transaction in the ledger. When you exempt vat, generally you are moving away from the conventional banking system that we are having right now and further distancing bitcoin into having its own payment niche. The plus point here is that it will be regarded as a currency.
|
|
|
|
jayce
Legendary
Offline
Activity: 3010
Merit: 1515
Pie Baking Contest: https://tinyurl.com/2s3z6dee
|
|
June 17, 2015, 11:56:39 AM |
|
There will be countries attacking bitcoin by not allowing it.
It doesn't matter. We need just one country, which allows Bitcoin. And Switzerland, as of now, seems to be the best candidate among the UN member nations. And remember that Bitcoin is a currency, which can't be banned by the governments. If the government wants to ban bitcoin, it has to ban the internet also. Is this possible? I think there are other ways by government to ban bitcoin than ban internet, like closed the shop online that accept bitcoin, state bitcoin is terrorist transaction stuff so the society won't accept bitcoin, and make a law about bitcoin so it can't be used freely. But, for now government don't have any reason to do that. Even Russion gov banned bitcoin before and they now abolish their none sense policy! As the increasing number of ppl are adopting bitcoin, gov becomes more friendly to it. We know that bitcion industry has much potential and probably bring them many jobs! The government won't recognize bitcoin if they can't get profit or something profitable from that even its have potential in futures. The industry just add the payment system with bitcoin, so I'm not sure it can make many new jobs. Otherwise, I think bitcoin can reduce human job because of it's practice and easiness by online system.
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
|
|
|
countryfree
Legendary
Offline
Activity: 3052
Merit: 1047
Your country may be your worst enemy
|
|
June 17, 2015, 07:03:39 PM |
|
Frankly, this isn't a surprise. There's no VAT issue with BTC, the real issue is tax on capital, but then it would be tricky to enforce. Unless you're an early miner selling a large quantity of BTC, the average BTC to cash transaction will go unnoticed.
|
I used to be a citizen and a taxpayer. Those days are long gone.
|
|
|
|