possible government regulations?

[Zadicar]

In my opinion i do not like bitcoin to be under by government because i cannot enjoy the small transaction fees and also the posibility to make the price stable to limit the users profits/income.

Don't worry  pal,  it wont  happen anytime soon  that  government would able to  control  bitcoin hence  as we all  know  bitcoin cant be  controlled  by anybody  because  its a  decentralized  digital currency  no matter what they  do they cant  impose  taxes  on it  which  means   these assumptions are  imposibble to happen though, if  its  implemented I think would really takes  time   because  there are  lots of things to  consider first  before this   regulations would  be effective.

regulation =/= controlling bitcoin
of course they can not control bitcoin, bitcoin is decentralized and peer to peer. but they can control the businesses though. and also they can control the customers.

besides i don't know why everybody is so afraid or even against regulations. aren't we all paying taxes right now when we purchase stuff from a supermarket for example or pay the bills?
the only difference would be the fact that your supermarket may feel safer in accepting bitcoin if it is regulated.

I agree with you, regulation and  controlling bitcoin is  not  the same or equal but   if  government  would able to  imose tax  on it  , like  on  businesses and its  users  then  its  likely  they have the control of  it  even though they  dont have access  on the whole system of bitcoin as  long   they are getting taxes from  users and  businesses. Its just  like that.

[tee-rex]

In my opinion i do not like bitcoin to be under by government because i cannot enjoy the small transaction fees and also the posibility to make the price stable to limit the users profits/income.

Don't worry  pal,  it wont  happen anytime soon  that  government would able to  control  bitcoin hence  as we all  know  bitcoin cant be  controlled  by anybody  because  its a  decentralized  digital currency  no matter what they  do they cant  impose  taxes  on it  which  means   these assumptions are  imposibble to happen though, if  its  implemented I think would really takes  time   because  there are  lots of things to  consider first  before this   regulations would  be effective.

regulation =/= controlling bitcoin
of course they can not control bitcoin, bitcoin is decentralized and peer to peer. but they can control the businesses though. and also they can control the customers.

This is semantics. Basically, regulation is a light version of control. Regulate Bitcoin to the limit, and it will be of no interest to most of the players. The Wild Wild West is what seems to attract people to Bitcoin. Anyways, people will simply switch to something else which is not yet regulated.

besides i don't know why everybody is so afraid or even against regulations. aren't we all paying taxes right now when we purchase stuff from a supermarket for example or pay the bills?
the only difference would be the fact that your supermarket may feel safer in accepting bitcoin if it is regulated.

Once they start "regulating" Bitcoin, they won't stop until they kill it.

[danherbias07]

In my opinion i do not like bitcoin to be under by government because i cannot enjoy the small transaction fees and also the posibility to make the price stable to limit the users profits/income.

Don't worry  pal,  it wont  happen anytime soon  that  government would able to  control  bitcoin hence  as we all  know  bitcoin cant be  controlled  by anybody  because  its a  decentralized  digital currency  no matter what they  do they cant  impose  taxes  on it  which  means   these assumptions are  imposibble to happen though, if  its  implemented I think would really takes  time   because  there are  lots of things to  consider first  before this   regulations would  be effective.

regulation =/= controlling bitcoin
of course they can not control bitcoin, bitcoin is decentralized and peer to peer. but they can control the businesses though. and also they can control the customers.

besides i don't know why everybody is so afraid or even against regulations. aren't we all paying taxes right now when we purchase stuff from a supermarket for example or pay the bills?
the only difference would be the fact that your supermarket may feel safer in accepting bitcoin if it is regulated.

I agree with you, regulation and  controlling bitcoin is  not  the same or equal but   if  government  would able to  imose tax  on it  , like  on  businesses and its  users  then  its  likely  they have the control of  it  even though they  dont have access  on the whole system of bitcoin as  long   they are getting taxes from  users and  businesses. Its just  like that.

Almost. But there are some who will rebel from this. Maybe creating something where you can buy bitcoin without the tax. Tax evaders. Not a problem with bitcoin if it is p2p. I dont think they can trace every deal that will happen. There is an offline wallet also so they cant tax some users.

[freedomgo]

In my opinion i do not like bitcoin to be under by government because i cannot enjoy the small transaction fees and also the posibility to make the price stable to limit the users profits/income.

Don't worry  pal,  it wont  happen anytime soon  that  government would able to  control  bitcoin hence  as we all  know  bitcoin cant be  controlled  by anybody  because  its a  decentralized  digital currency  no matter what they  do they cant  impose  taxes  on it  which  means   these assumptions are  imposibble to happen though, if  its  implemented I think would really takes  time   because  there are  lots of things to  consider first  before this   regulations would  be effective.

regulation =/= controlling bitcoin
of course they can not control bitcoin, bitcoin is decentralized and peer to peer. but they can control the businesses though. and also they can control the customers.

besides i don't know why everybody is so afraid or even against regulations. aren't we all paying taxes right now when we purchase stuff from a supermarket for example or pay the bills?
the only difference would be the fact that your supermarket may feel safer in accepting bitcoin if it is regulated.

I agree with you, regulation and  controlling bitcoin is  not  the same or equal but   if  government  would able to  imose tax  on it  , like  on  businesses and its  users  then  its  likely  they have the control of  it  even though they  dont have access  on the whole system of bitcoin as  long   they are getting taxes from  users and  businesses. Its just  like that.

Almost. But there are some who will rebel from this. Maybe creating something where you can buy bitcoin without the tax. Tax evaders. Not a problem with bitcoin if it is p2p. I dont think they can trace every deal that will happen. There is an offline wallet also so they cant tax some users.

They cannot trace it for sure, bitcoin is anonymous and though the government can see how big the transaction in the blockchain but they do not have the idea of who is owning the money being sent and receive. They will be having the hard time to tax us and I think it would not be possible.

[vantyzz]

The new government and the new president will not disregard cryptocurrency. We can only hope that the effect will be positive on Bitcoin

[Doamader]

The problem isnt the big question of being regulated, and yes how much each country will charge to regulate bitcoin, lets say they input something like 10% as the ammount you trading, lets hope and see what will happen at bitcoin over the next years.

[anavuajna]

The problem isnt the big question of being regulated, and yes how much each country will charge to regulate bitcoin, lets say they input something like 10% as the ammount you trading, lets hope and see what will happen at bitcoin over the next years.

It is possible that the government it will do so with cryptocurrency. After all, it has long understood that because of the use of Bitcoin economy suffers and does not receive part of the revenue.

[South Park]

In my opinion i do not like bitcoin to be under by government because i cannot enjoy the small transaction fees and also the posibility to make the price stable to limit the users profits/income.

Don't worry  pal,  it wont  happen anytime soon  that  government would able to  control  bitcoin hence  as we all  know  bitcoin cant be  controlled  by anybody  because  its a  decentralized  digital currency  no matter what they  do they cant  impose  taxes  on it  which  means   these assumptions are  imposibble to happen though, if  its  implemented I think would really takes  time   because  there are  lots of things to  consider first  before this   regulations would  be effective.

regulation =/= controlling bitcoin
of course they can not control bitcoin, bitcoin is decentralized and peer to peer. but they can control the businesses though. and also they can control the customers.

besides i don't know why everybody is so afraid or even against regulations. aren't we all paying taxes right now when we purchase stuff from a supermarket for example or pay the bills?
the only difference would be the fact that your supermarket may feel safer in accepting bitcoin if it is regulated.

I agree with you, regulation and  controlling bitcoin is  not  the same or equal but   if  government  would able to  imose tax  on it  , like  on  businesses and its  users  then  its  likely  they have the control of  it  even though they  dont have access  on the whole system of bitcoin as  long   they are getting taxes from  users and  businesses. Its just  like that.

Technically speaking any income you have must be taxed by the government, what rate they will use will depend on the definition they give to bitcoin, currency, or other, the problem governments have with bitcoin is that is complete parallel system ad as such cannot be regulated as they would have liked.

[saiha]

The new government and the new president will not disregard cryptocurrency. We can only hope that the effect will be positive on Bitcoin

Do you think Trump will have an interest with the crypto currencies? I guess so since Trump is a businessman.

But if that would happen so, then Trump will command his officials to create a law for crypto's and for sure he wants that to be in tax.

So, let's go back that bitcoin should be still anonymous and government will remove their interest into it.

[arseaboy]

The new government and the new president will not disregard cryptocurrency. We can only hope that the effect will be positive on Bitcoin

Do you think Trump will have an interest with the crypto currencies? I guess so since Trump is a businessman.

But if that would happen so, then Trump will command his officials to create a law for crypto's and for sure he wants that to be in tax.

So, let's go back that bitcoin should be still anonymous and government will remove their interest into it.

If that happens, our freedom with bitcoin will not be the same the outcome will ne negative for us.. we will be like a slave to follow what government will tell us and even charge us some extra fees or tax and it's really a nightmare when that happen.

[tee-rex]

Technically speaking any income you have must be taxed by the government, what rate they will use will depend on the definition they give to bitcoin, currency, or other, the problem governments have with bitcoin is that is complete parallel system ad as such cannot be regulated as they would have liked.

Not necessarily. If Bitcoin is considered a foreign currency, then currency gains arising from foreign currency conversions may not be taxable depending on particular jurisdiction and specific details, for example, commercial vs personal use of foreign currency. In the US currency gains obtained from exchanging the US currency for non US currency and vice versa are taxable overall, while currency gains of up to $200 arising from personal transactions are tax-deductible. Anything in excess of $200 per transaction is treated as a capital gain. Though Bitcoin is not considered as a foreign currency in the US, if I'm not mistaken.

[X-ray]

The new government and the new president will not disregard cryptocurrency. We can only hope that the effect will be positive on Bitcoin

Do you think Trump will have an interest with the crypto currencies? I guess so since Trump is a businessman.

But if that would happen so, then Trump will command his officials to create a law for crypto's and for sure he wants that to be in tax.

So, let's go back that bitcoin should be still anonymous and government will remove their interest into it.

If that happens, our freedom with bitcoin will not be the same the outcome will ne negative for us.. we will be like a slave to follow what government will tell us and even charge us some extra fees or tax and it's really a nightmare when that happen.

i don't think paying tax means literally getting enslaved by the government whilst our safety and protection are getting guaranteed by the government
be a good citizens and you will get all the advantages of it by paying some sort of taxes and anything else which is necessary

[gabmen]

The new government and the new president will not disregard cryptocurrency. We can only hope that the effect will be positive on Bitcoin

Do you think Trump will have an interest with the crypto currencies? I guess so since Trump is a businessman.

But if that would happen so, then Trump will command his officials to create a law for crypto's and for sure he wants that to be in tax.

So, let's go back that bitcoin should be still anonymous and government will remove their interest into it.

If that happens, our freedom with bitcoin will not be the same the outcome will ne negative for us.. we will be like a slave to follow what government will tell us and even charge us some extra fees or tax and it's really a nightmare when that happen.

i don't think paying tax means literally getting enslaved by the government whilst our safety and protection are getting guaranteed by the government
be a good citizens and you will get all the advantages of it by paying some sort of taxes and anything else which is necessary

yeah that is highly possible as i think trump is, in a way, aware of how cryptocurrencies work. hopefully he doesn't do anything that would drastically change how things are done. i don't think though that it's going to be that worse even if he decides to regulate and tax bitcoin. more people would most likely be introduced to crypto and a lot more will be using it in the long run which i think would still beneficial for us users

[South Park]

The new government and the new president will not disregard cryptocurrency. We can only hope that the effect will be positive on Bitcoin

Do you think Trump will have an interest with the crypto currencies? I guess so since Trump is a businessman.

But if that would happen so, then Trump will command his officials to create a law for crypto's and for sure he wants that to be in tax.

So, let's go back that bitcoin should be still anonymous and government will remove their interest into it.

If that happens, our freedom with bitcoin will not be the same the outcome will ne negative for us.. we will be like a slave to follow what government will tell us and even charge us some extra fees or tax and it's really a nightmare when that happen.

i don't think paying tax means literally getting enslaved by the government whilst our safety and protection are getting guaranteed by the government
be a good citizens and you will get all the advantages of it by paying some sort of taxes and anything else which is necessary

If you are living in a first world country that may be the case but for the people living under corrupt  governments in the third world a dilemma truly exist, if they pay taxes they keep feeding the corrupt government, if they don't they risk jail time.

[Pattberry]

Once they start "regulating" Bitcoin, they won't stop until they kill it.

government regulations are not meant to kill anything but they are designed to have the share of your returns ,so no regulations will be in place to stop bitcoin but they can impose heavy tax on it.

[Doamader]

The problem isnt the big question of being regulated, and yes how much each country will charge to regulate bitcoin, lets say they input something like 10% as the ammount you trading, lets hope and see what will happen at bitcoin over the next years.

It is possible that the government it will do so with cryptocurrency. After all, it has long understood that because of the use of Bitcoin economy suffers and does not receive part of the revenue.

Thats why a regulamentation must be fair if they get greedy they can kill bitcoin, or force us to be hiden under bitcoins, hiding our income into it, i do hope to see regulamentation at bitcoin, making it a trusted currencie and not just connected to dark marketplaces.

[rizkyhiw]

Once they start "regulating" Bitcoin, they won't stop until they kill it.

government regulations are not meant to kill anything but they are designed to have the share of your returns ,so no regulations will be in place to stop bitcoin but they can impose heavy tax on it.

yeah no matter what will government try to regulate bitcoin
they will never afford to stop bitcoin network , and bitcoin user itself
i myself think to keep using bitcoin even there is pressure from government like a banned
bitcoin really cannot be regulated, it's decentralized.

[Bitcoin0916]

Once they start "regulating" Bitcoin, they won't stop until they kill it.

government regulations are not meant to kill anything but they are designed to have the share of your returns ,so no regulations will be in place to stop bitcoin but they can impose heavy tax on it.

First step to accept bitcoin is profitable or not. If butcoin make profitable for government, I sure bitcoin will accept. Government regulations will following if more than 50% citizens know and use bitcoin.

[leonair]

Possible maybe if they create a department that will be specific in taxing digital transactions but being virtual nowadays is being free from reality, I guess so, how will you tax a free thing.

[saiha]

The new government and the new president will not disregard cryptocurrency. We can only hope that the effect will be positive on Bitcoin

Do you think Trump will have an interest with the crypto currencies? I guess so since Trump is a businessman.

But if that would happen so, then Trump will command his officials to create a law for crypto's and for sure he wants that to be in tax.

So, let's go back that bitcoin should be still anonymous and government will remove their interest into it.

If that happens, our freedom with bitcoin will not be the same the outcome will ne negative for us.. we will be like a slave to follow what government will tell us and even charge us some extra fees or tax and it's really a nightmare when that happen.

i don't think paying tax means literally getting enslaved by the government whilst our safety and protection are getting guaranteed by the government
be a good citizens and you will get all the advantages of it by paying some sort of taxes and anything else which is necessary

If you are living in a first world country that may be the case but for the people living under corrupt  governments in the third world a dilemma truly exist, if they pay taxes they keep feeding the corrupt government, if they don't they risk jail time.

It's the reality for those people who live in the third world country that their taxes are being stolen and putted in the pocket of those corrupt gov't officials.

I guess there will changes if the government will adopt the usage of bitcoin and it won't be anonymous anymore for it is taxed by them.

But I just hope that a big country will not even try to touch bitcoin or else we will experience what we don't want to.