Bitcoin Forum
November 17, 2017, 06:09:05 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 [All]
  Print  
Author Topic: Do you think Bitcoin can ruin a Country?  (Read 21948 times)
FlightyPouch
Sr. Member
****
Offline Offline

Activity: 406



View Profile
January 31, 2017, 03:28:52 AM
#1

Well, i just thought, if bitcoin become a currency of one Country, maybe it can destroy that country? Think of it, Bitcoins do not have a tax, and tax are used by the government to make that country a good one, without tax, what will be used to spend and make that country a good one?

What do you think?

ZIGGER      ███
  ███ ███
█ ███ ███
█ ███ ███
     ███
███ ███
███ ███
  ███ ███
███ ███
███ ███
███     █
███ ███
███
A Decentralized Crypto Marketplace
____ for Localized Shopping ____
[|FACEBOOK
TWITTER
SLACK
|ICO  ▶  13th November 2017
GET YOUR 40% BONUS
IN FIRST 24 HOURS!
]      ███
  ███ ███
█ ███ ███
█ ███ ███
     ███
███ ███
███ ███
  ███ ███
███ ███
███ ███
███     █
███ ███
███
Coinlancer is Disrupting the Freelance marketplace!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1510942145
Hero Member
*
Offline Offline

Posts: 1510942145

View Profile Personal Message (Offline)

Ignore
1510942145
Reply with quote  #2

1510942145
Report to moderator
1510942145
Hero Member
*
Offline Offline

Posts: 1510942145

View Profile Personal Message (Offline)

Ignore
1510942145
Reply with quote  #2

1510942145
Report to moderator
hurain
Sr. Member
****
Offline Offline

Activity: 462


View Profile
January 31, 2017, 08:25:05 AM
#2

Well, i just thought, if bitcoin become a currency of one Country, maybe it can destroy that country? Think of it, Bitcoins do not have a tax, and tax are used by the government to make that country a good one, without tax, what will be used to spend and make that country a good one?

What do you think?
bitcoin is not going to ruin a country, bitcoin is providing opportunities to its people for investment and trading, so bitcoin can be a good tool to increase the status of a country economically. i think if government take  serious step about bitcoin and regularize  then they can also impose tax on it and will certainly collect good tax from  bitcoin.
ImHash
Hero Member
*****
Offline Offline

Activity: 546


MatrixCoin - Creating Bright Future Together


View Profile
January 31, 2017, 08:34:50 AM
#3

Oh yeah definitely! maybe a country with more than 50M population, in that way their currency becomes more valuable than diamond.
Not to mention the lack of liquidity will be their demise if not lack of taxation.


██████████.......█████......
████████████.....███████.....
███....█████.....███████.....
███....█████.....███████.....
████....██████...█████████....
██████......██████████...█████████....
█████......██████......████....██...█████████....
█████......██████......████....███.███████████...
█████......██████......████....███.███████████...
███...................█████████████████.███████████...
███..███..█████.......██████████.████████████.█████████..
███..█████.......██████████.████████████.█████████..
█████.......██████████.████████████.█████████..
██████......███...███████████...██████████.
██████......███...███████████...██████████.
██████......███...███████████...██████████.
██████......██.....█████████.....██████████
██████████.....█████████.....██████████
██████████.....█████████.....██████████
   
██
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █

█  ██  █

█  ██  █

█  ██  █

█  ██  █

██
   
██
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █

█  ██  █

█  ██  █

█  ██  █

█  ██  █

██
   
➤  TWITTER
➤  FACEBOOK
➤  INSTAGRAM
FlightyPouch
Sr. Member
****
Offline Offline

Activity: 406



View Profile
January 31, 2017, 01:00:07 PM
#4

Well, i just thought, if bitcoin become a currency of one Country, maybe it can destroy that country? Think of it, Bitcoins do not have a tax, and tax are used by the government to make that country a good one, without tax, what will be used to spend and make that country a good one?

What do you think?
bitcoin is not going to ruin a country, bitcoin is providing opportunities to its people for investment and trading, so bitcoin can be a good tool to increase the status of a country economically. i think if government take  serious step about bitcoin and regularize  then they can also impose tax on it and will certainly collect good tax from  bitcoin.
Yes, that is right, it is really providing opportunities to people, but im not talking about the individual and helping them to make a bright or good future. I am talking about the blood of the country, taxation. Though you have a point, but i think, not all people can earn bitcoin so they can increase their status,

ZIGGER      ███
  ███ ███
█ ███ ███
█ ███ ███
     ███
███ ███
███ ███
  ███ ███
███ ███
███ ███
███     █
███ ███
███
A Decentralized Crypto Marketplace
____ for Localized Shopping ____
[|FACEBOOK
TWITTER
SLACK
|ICO  ▶  13th November 2017
GET YOUR 40% BONUS
IN FIRST 24 HOURS!
]      ███
  ███ ███
█ ███ ███
█ ███ ███
     ███
███ ███
███ ███
  ███ ███
███ ███
███ ███
███     █
███ ███
███
legendbtc
Sr. Member
****
Offline Offline

Activity: 448



View Profile
January 31, 2017, 01:10:29 PM
#5

Human being can ruin the country not bitcoin, because bitcoin is providing different types opportunity where we can some amount of money with the investment we made on it. Today bitcoin has provided many facilities like trading, altcoin, online shopping, online recharge etc bitcoin has become created user friendly in between us.



       ██                 ██                 ██
      ████               ████               ████
     ██████             ██████             ██████
    ████████           ████████           ████████
   ██████████         ██████████         ██████████
  ████████████       ████████████       ████████████
 ██████████████     ██████████████     ██████████████
████████████████   ████████████████   ████████████████
 ██████████████  █  ██████████████  █  ██████████████
  ████████████  ███  ████████████  ███  ████████████
   ██████████  █████  ██████████  █████  ██████████
    ████████  ███████  ████████  ███████  ████████
     ██████  █████████  ██████  █████████  ██████
      ████  ███████████  ████  ███████████  ████
       ██  █████████████  ██  █████████████  ██




 ▄███████████████  ████                 ▄████████████▄     ████          ████  ████████████████████
█████████████████  ████                ████████████████    ████          ████  ████████████████████
████               ████               ████▀        ▀████   ████          ████          ████
████               ████              ████            ████  ████          ████          ████
████               ████              ████            ████  ████          ████          ████
████               ████              ████            ████  ████          ████          ████
████               ████              ████            ████  ████          ████          ████
████               ████              ████            ████  █████         ████          ████
████               ████               ████▄        ▄████    █████▄▄      ████          ████
█████████████████  █████████████████   ████████████████      ████████████████          ████
 ▀███████████████   ▀███████████████    ▀████████████▀        ▀▀█████████████          ████


█  █████  █
██  ███  ██
███  █  ███
████   ████
███  █  ███
██  ███  ██
█  █████  █
  ███████
█  █████  █
██  ███  ██
███  █  ███
████   ████
███  █  ███
██  ███  ██
█  █████  █


█  █████  █
██  ███  ██
███  █  ███
████   ████
███  █  ███
██  ███  ██
█  █████  █
  ███████
█  █████  █
██  ███  ██
███  █  ███
████   ████
███  █  ███
██  ███  ██
█  █████  █
zeze18
Sr. Member
****
Offline Offline

Activity: 336


View Profile
January 31, 2017, 01:34:27 PM
#6

Well, i just thought, if bitcoin become a currency of one Country, maybe it can destroy that country? Think of it, Bitcoins do not have a tax, and tax are used by the government to make that country a good one, without tax, what will be used to spend and make that country a good one?

What do you think?
bitcoin is not going to ruin a country, bitcoin is providing opportunities to its people for investment and trading, so bitcoin can be a good tool to increase the status of a country economically. i think if government take  serious step about bitcoin and regularize  then they can also impose tax on it and will certainly collect good tax from  bitcoin.


I agree with you,,,  bitcoin is very useful for our lives, so many business opportunities created by the existence of the bitcoin.
in terms of tax rules bitcoin each country has different regulations of course,

                 ▄██▄  ▄▄
                 ▀███▄ ▀█
                   ▀███▄
             ███  █▄ ███▄ ▄██
             ▀███▄ ▀  ███▄ ▀ ▄▄▄▄
               ▀███▄▄ ▄▀███▄ ▀███▄
            ▄██  ▀████▄▀ ▀███ ▀███▄
          ▄███▄▄█▄ ▀████▄█████ ██▀▀██▄
        ▄██████████  ▀██████▀▀█▀ ▄▄ ███▄
       ██████▀▀██████▄ ▀███▀▀▄ ▄███ ██ ██▄
     ▄██████▄▄████████▀  ▀██▄  ███▀ ██ ███▄
    ████████████████      ▀█▀ ███▀ ███ ████
  ▄████████████████        █ ███▀ █▄▄  ▄███
▄████████████████▀          ████▄█████ ███▀
████████████████▀            ▀▀█ ▀▀██████▀
██████████████▀             ▄█▄██ ▀█████▀
█████████▀▀▀                ██████▄▄▄███
▀████████                   ▀██████████▀
  ▀▀▀▀▀▀                      ▀███████▀


                     ▄          ▄███ ▄███                 ▄▄▄
  ▄▄▄              ▐██           ██▌  ██▌                ▀███▌
 ███▀              ▄██          ▐██▌ ▐██▌          ▄▄     ███
 ▄▄▄ ▄▄▄  ▄▄   ▄█████▌  ▄██▄██  ███  ███ ▄▄████▌  ███▄   ▐██▌▄██
▀██▌ ▀██████  ███▀███  ███████▐████████▌▐██████▌ ▐████▄  ███████
▐██▌ ▐██▀ ██ ███  ██▌ ███▀ ██▀ ▄██  ▐█▌▐██▀ ██▌  █▀ ███▄▐███▀██▌  ▄
███  ██▌ ██▌ ██▌ ▐██ ▐██▌ ▐██  ██▌  ██▌███  ██▌ ▄█ ▄ ███▐██ ▐██  ██
███▄███  ██▄▄██▄▄███▄███▄▄▄██▄███▌ ▐██▌▐██▄▄██▄██ █▄▄██▌██▌ ▐██▄██
 ▀█▀██▌  ▀███▀▀███▀██▀ ▀██▀▀▀████  ▐██  ▀███▀▀██  ▀███▀ ██   ▀██▀
█▀▀ ▄▄██
▄▄██▀▀▄▄
▀▀▄▄██▀▀
██▀▀▄▄██
▄▄██▀▀▄▄
▀▀▄▄██▀▀
██▀▀▄▄██
▄▄██▀▀▄▄
▀▀▄▄██▀▀
██▀▀▄▄██
▄▄██▀▀▄▄
▀▀▄▄██▀▀
██▀▀ ▄▄█
295% GROWTH IN SALES
TOKENIZING INFLUENCERS GLOBALLY
|130 PEOPLE TEAM
70 MARKETS
300,000 INFLUENCERS
|█▀▀ ▄▄██
▄▄██▀▀▄▄
▀▀▄▄██▀▀
██▀▀▄▄██
▄▄██▀▀▄▄
▀▀▄▄██▀▀
██▀▀▄▄██
▄▄██▀▀▄▄
▀▀▄▄██▀▀
██▀▀▄▄██
▄▄██▀▀▄▄
▀▀▄▄██▀▀
██▀▀ ▄▄█
ICO█▀▀ ▄▄██
▄▄██▀▀▄▄
▀▀▄▄██▀▀
██▀▀▄▄██
▄▄██▀▀▄▄
▀▀▄▄██▀▀
██▀▀▄▄██
▄▄██▀▀▄▄
▀▀▄▄██▀▀
██▀▀▄▄██
▄▄██▀▀▄▄
▀▀▄▄██▀▀
██▀▀ ▄▄█
audaciousbeing
Sr. Member
****
Offline Offline

Activity: 434


View Profile
January 31, 2017, 05:09:10 PM
#7

Well, i just thought, if bitcoin become a currency of one Country, maybe it can destroy that country? Think of it, Bitcoins do not have a tax, and tax are used by the government to make that country a good one, without tax, what will be used to spend and make that country a good one?

What do you think?

Your argument is a very correct one and that is a very cogent weakness that I am sure the governments are capitalising on to wage against the popularity. Another way bitcoin can ruin a country is the untraceable nature of transactions. In the case of fiat when a particular account is flagged for fraud the account is barred and the person linked to it can be apprehended but same cannot be said of bitcoin with bitcoin the money is gone forever.

canah17
Sr. Member
****
Offline Offline

Activity: 336


View Profile
January 31, 2017, 05:29:37 PM
#8

Well, i just thought, if bitcoin become a currency of one Country, maybe it can destroy that country? Think of it, Bitcoins do not have a tax, and tax are used by the government to make that country a good one, without tax, what will be used to spend and make that country a good one?

What do you think?

Well i think of it that bitcoin will not ruin a country and it would need approval to once's country if they accept bitcoin or make bitcoin their money and the government will think of a way to have a tax in bitcoin that's how the government works and really today it doesn't apply because bitcoin isn't that big today but someday it will reign supreme someday and our salary will be bitcoin soon and later on the government will take half of our bitcoin so that for the tax and know this that the government will also be corrupted >.<
FlightyPouch
Sr. Member
****
Offline Offline

Activity: 406



View Profile
January 31, 2017, 10:34:38 PM
#9

Well, i just thought, if bitcoin become a currency of one Country, maybe it can destroy that country? Think of it, Bitcoins do not have a tax, and tax are used by the government to make that country a good one, without tax, what will be used to spend and make that country a good one?

What do you think?

Your argument is a very correct one and that is a very cogent weakness that I am sure the governments are capitalising on to wage against the popularity. Another way bitcoin can ruin a country is the untraceable nature of transactions. In the case of fiat when a particular account is flagged for fraud the account is barred and the person linked to it can be apprehended but same cannot be said of bitcoin with bitcoin the money is gone forever.
I though there are these so called blockchain that being showed after a transaction is done used by some traders and campaign manager to have a proof of paying them, right?

ZIGGER      ███
  ███ ███
█ ███ ███
█ ███ ███
     ███
███ ███
███ ███
  ███ ███
███ ███
███ ███
███     █
███ ███
███
A Decentralized Crypto Marketplace
____ for Localized Shopping ____
[|FACEBOOK
TWITTER
SLACK
|ICO  ▶  13th November 2017
GET YOUR 40% BONUS
IN FIRST 24 HOURS!
]      ███
  ███ ███
█ ███ ███
█ ███ ███
     ███
███ ███
███ ███
  ███ ███
███ ███
███ ███
███     █
███ ███
███
European Central Bank
Hero Member
*****
Online Online

Activity: 784



View Profile
January 31, 2017, 10:37:18 PM
#10

Think of it, Bitcoins do not have a tax.

maybe you need to rethink that when you cash out your giant bitcoin profits. depending on where you live you're gonna find it certainly does have tax and your ass will be nailed to the wall if they find out you haven't paid it.


       ▀
   ▄▄▄   ▄▀
   ███ ▄▄▄▄  ██
       ████
    ▄  ▀▀▀▀
▄▄
      ██    ▀▀
██▄█▄▄▄████████
▄▄▄▄▄▄▄▄▀▀███▀▀▀
██████████████████
████▄▀▄▀▄▀███▀▀▀▀▀
████▄▀▄▀▄▀███ ▀
████▄▀▄▀▄▀████████
▀█████████████████
]
,CoinPayments,
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
FlightyPouch
Sr. Member
****
Offline Offline

Activity: 406



View Profile
January 31, 2017, 10:39:58 PM
#11

Well, i just thought, if bitcoin become a currency of one Country, maybe it can destroy that country? Think of it, Bitcoins do not have a tax, and tax are used by the government to make that country a good one, without tax, what will be used to spend and make that country a good one?

What do you think?

Well i think of it that bitcoin will not ruin a country and it would need approval to once's country if they accept bitcoin or make bitcoin their money and the government will think of a way to have a tax in bitcoin that's how the government works and really today it doesn't apply because bitcoin isn't that big today but someday it will reign supreme someday and our salary will be bitcoin soon and later on the government will take half of our bitcoin so that for the tax and know this that the government will also be corrupted >.<
Yeah I also had a thought of that. Government has its ways to solve things concerning the country and these about taxation and stuffs. If that is the case I know it will be really corrupted someday by someone, we dont know, a government official or anyone who has skills on doing it. But having transactions in bitcoin is very secretive, its like having a good secret and noone will no it unless it you need to tell them. I guess that will be abused by some government officials.

ZIGGER      ███
  ███ ███
█ ███ ███
█ ███ ███
     ███
███ ███
███ ███
  ███ ███
███ ███
███ ███
███     █
███ ███
███
A Decentralized Crypto Marketplace
____ for Localized Shopping ____
[|FACEBOOK
TWITTER
SLACK
|ICO  ▶  13th November 2017
GET YOUR 40% BONUS
IN FIRST 24 HOURS!
]      ███
  ███ ███
█ ███ ███
█ ███ ███
     ███
███ ███
███ ███
  ███ ███
███ ███
███ ███
███     █
███ ███
███
FlightyPouch
Sr. Member
****
Offline Offline

Activity: 406



View Profile
January 31, 2017, 10:41:43 PM
#12

Think of it, Bitcoins do not have a tax.

maybe you need to rethink that when you cash out your giant bitcoin profits. depending on where you live you're gonna find it certainly does have tax and your ass will be nailed to the wall if they find out you haven't paid it.



Really? Woah, never thought of that, well what I was just paying is the fees on sending money, is it counted as a tax?

ZIGGER      ███
  ███ ███
█ ███ ███
█ ███ ███
     ███
███ ███
███ ███
  ███ ███
███ ███
███ ███
███     █
███ ███
███
A Decentralized Crypto Marketplace
____ for Localized Shopping ____
[|FACEBOOK
TWITTER
SLACK
|ICO  ▶  13th November 2017
GET YOUR 40% BONUS
IN FIRST 24 HOURS!
]      ███
  ███ ███
█ ███ ███
█ ███ ███
     ███
███ ███
███ ███
  ███ ███
███ ███
███ ███
███     █
███ ███
███
European Central Bank
Hero Member
*****
Online Online

Activity: 784



View Profile
January 31, 2017, 10:44:06 PM
#13

Really? Woah, never thought of that, well what I was just paying is the fees on sending money, is it counted as a tax?

again, depends what country you're in. in the US for instance you're expected to pay capital gains tax on profits realised. so if you paid alot less than what you sell them for you're expected to declare that profit and pay the tax on it. they also seem to want you to pay tax when you spend it as well if you paid less for it but i've no idea how that would work and i wouldn't bother mentioning it. 

the fees are to the bitcoin network. no tax there.

       ▀
   ▄▄▄   ▄▀
   ███ ▄▄▄▄  ██
       ████
    ▄  ▀▀▀▀
▄▄
      ██    ▀▀
██▄█▄▄▄████████
▄▄▄▄▄▄▄▄▀▀███▀▀▀
██████████████████
████▄▀▄▀▄▀███▀▀▀▀▀
████▄▀▄▀▄▀███ ▀
████▄▀▄▀▄▀████████
▀█████████████████
]
,CoinPayments,
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
ivanst776
Legendary
*
Offline Offline

Activity: 1134


MatrixCoin - Creating Bright Future Together


View Profile
January 31, 2017, 10:58:43 PM
#14

Well, i just thought, if bitcoin become a currency of one Country, maybe it can destroy that country? Think of it, Bitcoins do not have a tax, and tax are used by the government to make that country a good one, without tax, what will be used to spend and make that country a good one?

What do you think?

Taxes are applied somewhere but not everywhere, bitcoin can damage a bit the economy (if they can't know if their citizens are using a lot the bitcoin) of a country but not the country itself.

The fees on the network are only fee and can't be taxes because it was not designed to pay for taxes in this way, at least for now it's not bad for people who use bitcoin but the issue is when they withdraw the money here is the problem.


██████████              █████           
████████████          ███████         
███        █████          ███████         
███        █████          ███████         
████        ██████      █████████       
██████            ██████████      █████████       
█████            ██████            ████        ██      █████████       
█████            ██████            ████        ███  ███████████     
█████            ██████            ████        ███  ███████████     
███                                      █████████████████  ███████████     
███    ███    █████              ██████████  ████████████  █████████   
███    █████              ██████████  ████████████  █████████   
█████              ██████████  ████████████  █████████   
██████            ███      ███████████      ██████████ 
██████            ███      ███████████      ██████████ 
██████            ███      ███████████      ██████████ 
██████            ██          █████████          ██████████
██████████          █████████          ██████████
██████████          █████████          ██████████
   
██
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █

█  ██  █

█  ██  █

█  ██  █

█  ██  █

██
   
██
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █

█  ██  █

█  ██  █

█  ██  █

█  ██  █

██
   
➤  TWITTER
➤  FACEBOOK
➤  INSTAGRAM
Investforprofit
Jr. Member
*
Offline Offline

Activity: 55


View Profile
January 31, 2017, 11:22:34 PM
#15

Bitcoin have real chance to make world better for humans and bring us to new type of world where everything will be better and it will not be poor like in this moment which most of us do not like but rich rude humans which want poor humans to stay poor will hate that moment and I will laught them in face Tongue
_nur
Full Member
***
Offline Offline

Activity: 224


View Profile
January 31, 2017, 11:48:55 PM
#16

compare btc daily volume on ~200 million vs forex 5 Trillion

BTC doesn't even move the needle I would say NO
rickbig41
Staff
Hero Member
*****
Offline Offline

Activity: 742


Where am I looking?


View Profile
February 01, 2017, 04:45:36 AM
#17

Why would bitcoin ruin a country if it becomes its currency? No leader in a country in his proper thinking would allow bitcoin to be used as its main currency and not being taxed... It's simple as that, when it becomes a currency, then it will be regulated, besides, if you buy items using your bitcoin ( if it is already your currency ) there is already a tax in it, services too, taxes are in it...

So it can't ruin a country... Leaders will always look at its country's future before trying out new things...   Smiley

17GQrJyfRkXBjk9mRAdT3keQMHejqCFeDq
ethereumhunter
Hero Member
*****
Offline Offline

Activity: 574


★777Coin.com★ Fun BTC Casino!


View Profile
February 01, 2017, 04:56:55 AM
#18

i think bitcoin is not gonna ruin a country but bitcoin will help the economy of a country with giving more benefits to citizen when they use bitcoin in daily life but this is not yet realize by government or they know before. its like using fiat in a country but we have more benefits that we can use it in many places in other country.

shutupanubis
Newbie
*
Offline Offline

Activity: 8


View Profile
February 01, 2017, 05:08:09 AM
#19

No way it can! suppose you have heap of money in your account but in order to use it like buying goods or something you must follow the rules in your country such as tax and others.Bitcoin is a way of exchange nothing more or less. So its up to you how to use it.
diegz
Hero Member
*****
Offline Offline

Activity: 658


★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile
February 01, 2017, 07:37:16 AM
#20

All I can say is a BIG NO. Bitcoin use isn't going to be burden to the government when it becomes its currency. In fact they can save a lot in funds on printing money, they can now use it to print more books and papers for children. But the on the other hand, when government is going to handle bitcoin it can't be called as bitcoin anymore. It will be more of a centralized digital currency.  Smiley

Amph
Legendary
*
Offline Offline

Activity: 1694



View Profile
February 01, 2017, 07:48:42 AM
#21

compare btc daily volume on ~200 million vs forex 5 Trillion

BTC doesn't even move the needle I would say NO

he clearly said, in the case bitcoin is the number one currency of that country, so you must assume the same marketcap

in this case government would have an hard time dealing with tax collection, many will just evade easily

at that point the government need just to enforce the law on the transaction, and track them all, to take its portion of money

this is what EURO is going to do with the exchange right now, they want to trace every activity
Immakillya
Sr. Member
****
Offline Offline

Activity: 364


MatrixCoin - Creating Bright Future Together


View Profile
February 02, 2017, 02:37:31 AM
#22

I think not. Bitcoin have no connection on government. So i dont see that bitcoin could destroy a country. If the tax is what you are trying to say. Its okay because tax is given when you exchange bitcoin to cash. Actually it can save you from currency devaluation. I find bitcoin useful and destruction.



                                         ▄
                 ▄▄████████▄▄         ▄▄██
 ▄▄           ▄██▀▀        ▀▀██▄    ▄███▀
 ▀███▄▄     ▄█▀                ▀█▄▄█████▀
  ▀██████▄▄█▀                ▄▄███████▀
   ▐█████████▄           ▄▄███████████
     ▀█████████▄▄      ▄█████████████
       ▀██████████    ███████████████
        ▐▀█████████  █████████████▀ ▐▌
        ▐▌ ▀▀██████ ▐███████████▀   ▐▌
        ▐▌      ▀██ ▐█████████▀     ▐▌
         █        ▀  ██████         █
         ▐█          ▐█████▄       █▌
          ▀█▄         ▀██████▄   ▄█▀
            ▀█▄         ▀█████▌▄█▀
              ▀██▄▄       ▀▄▄██▀
                ▀▀████████▀▀
T
.ANGEL TOKEN.
[]

                                         ▄
                 ▄▄████████▄▄         ▄▄██
 ▄▄           ▄██▀▀        ▀▀██▄    ▄█▀█▀
 ▀█▀█▄▄     ▄█▀                ▀█▄▄█  ▄█▀
  ▀█  ▀▀█▄▄█▀                ▄▄██░   █▀
   ▐▄▄  ░░░▀█▄           ▄▄█▀▀░░░   ▄█
     ▀█▄ ░░░▒▒█▄▄      ▄██▒▒▒▒▒░    █
       ▀▄▄ ░░▒▒▒▓█    ██▒▒▒▒▒▒░   ▄▄█
        ▐▀█▄░░▒▒▓██  █▓▒▒▒▒▒▒░  ▄█▀ ▐▌
        ▐▌ ▀▀█▒▓███░▐█▓▒▒▒▒░░ ▄█▀   ▐▌
        ▐▌      ▀██ ▐█▓▓▒▒▄▄▄█▀     ▐▌
         █        ▀  █▓█▀▀█         █
         ▐█          ▐▄▓░ █▄       █▌
          ▀█▄         ▀█▒░ ▀█▄   ▄█▀
            ▀█▄         ▀█▄▄▄█▌▄█▀
              ▀██▄▄       ▀▄▄██▀
                 ▀▀████████▀▀
bering
Legendary
*
Offline Offline

Activity: 994



View Profile
February 02, 2017, 06:01:32 AM
#23

basically bitcoin cannot ruin the particular countries and also the government is not stupid that they will never ruin their self and if they decide to accept bitcoin as their currency i think they already prepare to worst situations regarding use bitcoin and before they regulation bitcoin i think they will find a way how to get tax from every bitcoin transactions

FORTUNEJACK.COM[
                             
9 BTC WELCOME PACK FOR 1ST 5 DEPOSITS
FREE 1,000 mBTC daily for LuckyJack winners
[
           
]
mkmdoc
Sr. Member
****
Offline Offline

Activity: 392


INS Ecosystem


View Profile
February 02, 2017, 06:03:06 AM
#24

Though bitcoin has many advantages but government will not agree as main payment method because bitcoin currency is deviated to all parts of the country. Many people are keep saying that china has most coins, if every country accepts bitcoin than china will become leading country in all economic field.


███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █

█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
●  Whitepaper
●  ANN Thread
●  Reddit
●  Telegram
●  Twitter
●  Facebook

███
███
███
███
███
███
███
███
███
███
███
███
███
coynedterm
Hero Member
*****
Offline Offline

Activity: 574


★Nitrogensports.eu★


View Profile
February 02, 2017, 06:31:31 AM
#25

Well, i just thought, if bitcoin become a currency of one Country, maybe it can destroy that country? Think of it, Bitcoins do not have a tax, and tax are used by the government to make that country a good one, without tax, what will be used to spend and make that country a good one?

What do you think?
Since few of countries accepted bitcoin officially but still most of the countries are not accepting bitcoin directly .
But I think if any country accept the bitcoin directly ,.where we can buy anything from bitcoin then it may be possibility of slow growth of the country's government income and income tax . Because the most of the tax for the government  officers is coming from the tax only , So if bitcoin will be used by the most of the person then taxes will killed by bitcoin about 70-80% .
But here a better thing to think is that people will individually grow their buisiness with bitcoin because of its ease of use and less transaction charge for worldwide payments .


           █████████████████     ████████
          █████████████████     ████████
         █████████████████     ████████
        █████████████████     ████████
       ████████              ████████
      ████████              ████████
     ████████     ███████  ████████     ████████
    ████████     █████████████████     ████████
   ████████     █████████████████     ████████
  ████████     █████████████████     ████████
 ████████     █████████████████     ████████
████████     ████████  ███████     ████████
            ████████              ████████
           ████████              ████████
          ████████     █████████████████
         ████████     █████████████████
        ████████     █████████████████
       ████████     █████████████████
▄▄
██
██
██
██
██
██
██
██
██
██     
██
██
▬▬ THE LARGEST & MOST TRUSTED ▬▬
      BITCOIN SPORTSBOOK     
   ▄▄
██
██
██
██
██
██
██
██
██
██     
██
██
             ▄▄▄▄▀▀▀▀▄
     ▄▄▄▄▀▀▀▀        ▀▄▄▄▄          
▄▀▀▀▀                 █   ▀▀▀▀▀▀▀▄▄
█                    ▀▄          █
 █   ▀▌     ██▄        █          █              
 ▀▄        ▐████▄       █        █
  █        ███████▄     ▀▄       █
   █      ▐████▄█████████████████████▄
   ▀▄     ███████▀                  ▀██
    █      ▀█████    ▄▄        ▄▄    ██
     █       ▀███   ████      ████   ██
     ▀▄        ██    ▀▀        ▀▀    ██
      █        ██        ▄██▄        ██
       █       ██        ▀██▀        ██
       ▀▄      ██    ▄▄        ▄▄    ██
        █      ██   ████      ████   ██
         █▄▄▄▄▀██    ▀▀        ▀▀    ██
               ██▄                  ▄██
                ▀████████████████████▀




  CASINO  ●  DICE  ●  POKER  
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
   24 hour Customer Support   

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
btcdiggingmaster
Sr. Member
****
Offline Offline

Activity: 448



View Profile
February 02, 2017, 12:26:56 PM
#26

I don't think so, till now some countries are not still using the bitcoin for many reasons. Suppose if governments accepts bitcoin means it will be treated as like gold, because gold is completely based on trading market, price fluctuation are common in gold also. Bitcoin is one compete to gold.

██   ██   ██   ██      ██   ██   ██   ██
██   ██   ██   ██      ██   ██   ██   ██
██   ██   ██   ██      ██   ██   ██   ██
██   ██   ██   ██      ██   ██   ██   ██
██   ██   ██   █████████████████████████
██   ██   ██                          ██
██   ██   ██                          ██
██   ██   ██████████████████████████████
██   ██                               ██
██   ██                               ██
████████████████████████████████████████
██                               ██   ██
██                               ██   ██
██████████████████████████████   ██   ██
██                          ██   ██   ██
██                          ██   ██   ██
█████████████████████████   ██   ██   ██
██   ██   ██   ██      ██   ██   ██   ██
██   ██   ██   ██      ██   ██   ██   ██
██   ██   ██   ██      ██   ██   ██   ██
██   ██   ██   ██      ██   ██   ██   ██



HACKEN

______


______


______


______


______


______


______

______


______


______


______


______


______


______
marketone
Hero Member
*****
Offline Offline

Activity: 742


Spectiv VR Crowdsale: 12/08/17


View Profile
February 03, 2017, 05:17:52 AM
#27

I think not. Bitcoin have no connection on government. So i dont see that bitcoin could destroy a country. If the tax is what you are trying to say. Its okay because tax is given when you exchange bitcoin to cash. Actually it can save you from currency devaluation. I find bitcoin useful and destruction.


Without any government support no currency will ruin the world, till now bitcoin don't have any relationship with banks like gold. But many people have feeling that once government accepts bitcoin, atleast it will become one of their payment method for all transactions.


              ▄▄████████████▄▄             
          ▄███▀▀▀░░░░░░░░░░▀▀▀███▄▄         
       ▄██▀▀░░░░░░░░░░░░░░░░░░░░░▀██▄       
     ▄██▀░░░░░░░░░░░░░░░░░░░░░░░░░░▀███     
   ▄██▀░░░░░░░░░░░░░░░▄▄▄▄▄█████████████▄   
  ▄██░░░░░░░░░░░▄▄█████████░░░░░░░░░░░░▀█▌ 
 ▐██░░░░░░░░▄█████▀▀▀▀▀▀▀▀▀████▄░░░░░░░░▀█▌
▐██░░░░░░▄███▀▀███████████████▀▀██▄░░░░░░██▌
████▄░░▄██▀███████▄██████▄████████▀██▄░░░▐██
██░▀████▀██████████████████████████████▄░░██
██░░░▀██▄█████████████████████████▄██▀▀██▄██
██▌░░░░▀███▄████████▀▀▀▀███████▄██▀░░░░░▀███
▐██░░░░░░░▀███▄▄███████████▄▄██▀▀░░░░░░░░██▌
 ▐██░░░░░░░░░░▀▀████████████▀░░░░░░░░░░░▄█▌
  ▀██▄▄▄▄▄▄▄▄▄████████▀▀▀░░░░░░░░░░░░░░▄█▌ 
   ▀███▀▀▀▀▀▀░░░░░░░░░░░░░░░░░░░░░░░░▄██▀   
     ▀██▄░░░░░░░░░░░░░░░░░░░░░░░░░░▄██▀     
       ▀███▄░░░░░░░░░░░░░░░░░░░░▄▄██▀       
          ▀████▄▄░░░░░░░░░░▄▄▄███▀         
              ▀▀▀██████████▀▀▀             

     
                         [ Website ]                     
     
LLec
Hero Member
*****
Online Online

Activity: 602



View Profile WWW
February 03, 2017, 10:31:27 AM
#28

Well, i just thought, if bitcoin become a currency of one Country, maybe it can destroy that country? Think of it, Bitcoins do not have a tax, and tax are used by the government to make that country a good one, without tax, what will be used to spend and make that country a good one?

What do you think?
Just when you mentioned about taxing bitcoin the thing going on in Switzerland and Xapo came to mind.
They are allowing bitcoin wallet and exchange to operate there but with added fees. Could this be in light of their own governing tax laws?
Everybody knows they are lax when it comes to their tax code on the wealthy and how millionaires and billionaires keep their wealth of money in these swiss bank accounts so to keep it out of the hands of their local tax man's hands.
I wouldn't doubt if Trump has a hidden swiss account in hiding from those sneaky invading tax inspectors.



                                         ▄
                 ▄▄████████▄▄         ▄▄██
 ▄▄           ▄██▀▀        ▀▀██▄    ▄███▀
 ▀███▄▄     ▄█▀                ▀█▄▄█████▀
  ▀██████▄▄█▀                ▄▄███████▀
   ▐█████████▄           ▄▄███████████
     ▀█████████▄▄      ▄█████████████
       ▀██████████    ███████████████
        ▐▀█████████  █████████████▀ ▐▌
        ▐▌ ▀▀██████ ▐███████████▀   ▐▌
        ▐▌      ▀██ ▐█████████▀     ▐▌
         █        ▀  ██████         █
         ▐█          ▐█████▄       █▌
          ▀█▄         ▀██████▄   ▄█▀
            ▀█▄         ▀█████▌▄█▀
              ▀██▄▄       ▀▄▄██▀
                ▀▀████████▀▀
T
....ANGEL TOKEN....


                                         ▄
                 ▄▄████████▄▄         ▄▄██
 ▄▄           ▄██▀▀        ▀▀██▄    ▄█▀█▀ 
 ▀█▀█▄▄     ▄█▀                ▀█▄▄█  ▄█▀ 
  ▀█  ▀▀█▄▄█▀                ▄▄██░   █▀   
   ▐▄▄  ░░░▀█▄           ▄▄█▀▀░░░   ▄█     
     ▀█▄ ░░░▒▒█▄▄      ▄██▒▒▒▒▒░    █     
       ▀▄▄ ░░▒▒▒▓█    ██▒▒▒▒▒▒░   ▄▄█     
        ▐▀█▄░░▒▒▓██  █▓▒▒▒▒▒▒░  ▄█▀ ▐▌     
        ▐▌ ▀▀█▒▓███░▐█▓▒▒▒▒░░ ▄█▀   ▐▌     
        ▐▌      ▀██ ▐█▓▓▒▒▄▄▄█▀     ▐▌     
         █        ▀  █▓█▀▀█         █     
         ▐█          ▐▄▓░ █▄       █▌     
          ▀█▄         ▀█▒░ ▀█▄   ▄█▀       
            ▀█▄         ▀█▄▄▄█▌▄█▀         
              ▀██▄▄       ▀▄▄██▀           
                 ▀▀████████▀▀             

rifiuti
Full Member
***
Offline Offline

Activity: 176


View Profile
February 03, 2017, 10:32:35 AM
#29

Yup. Cut the internet and they are done.
legendbtc
Sr. Member
****
Offline Offline

Activity: 448



View Profile
February 04, 2017, 03:21:52 PM
#30

Yup. Cut the internet and they are done.

Bitcoin is completely running through internet only and it is completely digital currency, if you cut the interest than how can it become more popular. Today bitcoin is very famous because of internet only, but it cannot ruin a country completely.



       ██                 ██                 ██
      ████               ████               ████
     ██████             ██████             ██████
    ████████           ████████           ████████
   ██████████         ██████████         ██████████
  ████████████       ████████████       ████████████
 ██████████████     ██████████████     ██████████████
████████████████   ████████████████   ████████████████
 ██████████████  █  ██████████████  █  ██████████████
  ████████████  ███  ████████████  ███  ████████████
   ██████████  █████  ██████████  █████  ██████████
    ████████  ███████  ████████  ███████  ████████
     ██████  █████████  ██████  █████████  ██████
      ████  ███████████  ████  ███████████  ████
       ██  █████████████  ██  █████████████  ██




 ▄███████████████  ████                 ▄████████████▄     ████          ████  ████████████████████
█████████████████  ████                ████████████████    ████          ████  ████████████████████
████               ████               ████▀        ▀████   ████          ████          ████
████               ████              ████            ████  ████          ████          ████
████               ████              ████            ████  ████          ████          ████
████               ████              ████            ████  ████          ████          ████
████               ████              ████            ████  ████          ████          ████
████               ████              ████            ████  █████         ████          ████
████               ████               ████▄        ▄████    █████▄▄      ████          ████
█████████████████  █████████████████   ████████████████      ████████████████          ████
 ▀███████████████   ▀███████████████    ▀████████████▀        ▀▀█████████████          ████


█  █████  █
██  ███  ██
███  █  ███
████   ████
███  █  ███
██  ███  ██
█  █████  █
  ███████
█  █████  █
██  ███  ██
███  █  ███
████   ████
███  █  ███
██  ███  ██
█  █████  █


█  █████  █
██  ███  ██
███  █  ███
████   ████
███  █  ███
██  ███  ██
█  █████  █
  ███████
█  █████  █
██  ███  ██
███  █  ███
████   ████
███  █  ███
██  ███  ██
█  █████  █
Dr.Osh
Hero Member
*****
Offline Offline

Activity: 784


UNIVERSA - BLOCKCHAIN FOR BUSINESS


View Profile
February 05, 2017, 05:05:20 PM
#31

I never thought something like that, even I think that bitcoin is a technology that will make the country will grow. maybe there will be some adverse effects, but when bitcoin is used for positive things, it will make a positive impact on an increasingly large and widespread. it will affect the country for the better.

olushakes
Sr. Member
****
Online Online

Activity: 392



View Profile
February 07, 2017, 05:57:07 AM
#32

Bitcoin can ruin the financial system of a country if there is absolute freedom of its usage from government in several ways which includes

1. It means there won't be payment of taxes which forms large chunk of government income to finance expenditure, the agency saddled with tax collection therefore becomes useless and the staff there won't be useful again.

2. Moving out money without trace then becomes the order of the day by either individuals or corporate bodies.

                            ▄▄▄▄████
                        ███████████
                         ▀████████
         ▄██▄            ▄███████
       ▄██████▄        ▄██████▄
     ▄████▀▀████▄    ▄████▀▀████▄
   ▄████▀    ▀████▄▄████▀    ▀████▄
 ▄████▀        ▀██████▀        ▀████▄
▄████          ▄██████▄          ████▄
█████        ▄████▀▀████▄        █████
 █████▄    ▄████▀    ▀████▄    ▄█████
  ▀███████████▀        ▀███████████▀
    ██████▀▀            ▀▀██████▀
PROPTHEREUM
      ███
      ███
      ███
      ███
██  ███
██  ███
██  ███
██  ███
██  ███
██  ███
██  ███

███
███
███
███
███  ██
███  ██
███  ██
███  ██
███  ██
███  ██
███  ██
WhitePaper
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
ANN Thread

██
██
██
██
██
██
██
██
██
██
██
komo
Newbie
*
Offline Offline

Activity: 6


View Profile
February 07, 2017, 11:36:12 PM
#33

Well, i just thought, if bitcoin become a currency of one Country, maybe it can destroy that country? Think of it, Bitcoins do not have a tax, and tax are used by the government to make that country a good one, without tax, what will be used to spend and make that country a good one?

What do you think?
Tax? Many good country success with no tax. I think bitcoins will be nice if ruin in 1 country. My country maybe (INA) Smiley
mkmdoc
Sr. Member
****
Offline Offline

Activity: 392


INS Ecosystem


View Profile
February 08, 2017, 09:25:19 AM
#34

Well, i just thought, if bitcoin become a currency of one Country, maybe it can destroy that country? Think of it, Bitcoins do not have a tax, and tax are used by the government to make that country a good one, without tax, what will be used to spend and make that country a good one?

What do you think?
Tax? Many good country success with no tax. I think bitcoins will be nice if ruin in 1 country. My country maybe (INA) Smiley

Yes i can agree with you with no taxes in some countries but it is completely different scenario with governments who are asking for taxes. Bitcoin fees are very low now but government should support it. Some big countries are surviving only because of taxes so in future bitcoin will not ruin a country.


███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █

█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
●  Whitepaper
●  ANN Thread
●  Reddit
●  Telegram
●  Twitter
●  Facebook

███
███
███
███
███
███
███
███
███
███
███
███
███
chickenado
Hero Member
*****
Offline Offline

Activity: 659



View Profile
February 08, 2017, 01:16:57 PM
#35

Well, i just thought, if bitcoin become a currency of one Country, maybe it can destroy that country? Think of it, Bitcoins do not have a tax, and tax are used by the government to make that country a good one, without tax, what will be used to spend and make that country a good one?

What do you think?

Of course if they accept bitcoin without having a tax they're country will ruin. But I want to know How many percent tax they'll not get if bitcoin become a currency of one country? What if the government add some tax for the bitcoin? How? By adding tax in any person in their country. They can get many tax from that idea. But of course many will not agree in that case, so government will not accept bitcoin as a currency of their country.

.SPECTRE.                ▄▄███▄▄
            ▄▄███▀▀▀▀▀███▄▄
▄▄      ▄▄███▀▀ ▄▄███▄▄ ▀▀███▄▄      ▄▄
████▄▄  ▀▀▀ ▄▄███████████▄▄ ▀▀▀  ▄▄████
  ▀▀████▄    ▀▀█████████▀▀    ▄████▀▀
 ██▄▄ ▀██ █▄▄    ▀▀▀▀▀    ▄▄█ ██▀ ▄▄██
 ▀▀███ ██ █████▄       ▄█████ ██ ███▀▀
     ██ ███████▄   ▄███████ ██
       ██ ████████   ████████ ██
       ██▄▄ ▀▀████   ████▀▀ ▄▄██
        ▀▀███▄▄ ▀▀   ▀▀ ▄▄███▀▀
            ▀▀███▄▄▄▄▄███▀▀
                ▀▀███▀▀
             │
     │      ███
     │      ███
    │     ███
███  │     ███
███ ███ ███ ███
███ ███ ███ ███
███ ███ ███ ███
███ ███ ███ ███
███ ███     │
███ ███     │
    │
 
▬▬     WHITEPAPER    ▬▬
FACEBOOK     TELEGRAM
TWITTER     SLACK     MEDIUM
.
PRE-SALE.
PUBLIC SALE.
Monnt
Legendary
*
Offline Offline

Activity: 854


View Profile
February 09, 2017, 10:15:37 PM
#36

Well, i just thought, if bitcoin become a currency of one Country, maybe it can destroy that country? Think of it, Bitcoins do not have a tax, and tax are used by the government to make that country a good one, without tax, what will be used to spend and make that country a good one?

What do you think?
The answer to this is no. The government runs on taxes. If Bitcoin became so much of a predicament, the government would start watching very closely, and congress would pass new laws on bitcoin. If you live in the US, there are taxes for capital gain. No matter where you live in the world, it is quite obvious that bitcoin will not ever ruin a country. Imagine this, we would have to print less money, saving some trees. Also, Bitcoin can stop currency devaluation.
Lionidas
Hero Member
*****
Offline Offline

Activity: 728


View Profile WWW
February 10, 2017, 12:23:29 AM
#37

It can cause division in it's supporters calling it the currency of the next messiah and in the Warren Buffet co-conspiritors saying it is the anti-currency.
So you decide.
Because as we all know divisional sides can divide a nation. Just look at east and west berlin.

bitllionaire
Hero Member
*****
Offline Offline

Activity: 798



View Profile
February 10, 2017, 09:01:18 AM
#38

Well, i just thought, if bitcoin become a currency of one Country, maybe it can destroy that country? Think of it, Bitcoins do not have a tax, and tax are used by the government to make that country a good one, without tax, what will be used to spend and make that country a good one?

What do you think?
The answer to this is no. The government runs on taxes. If Bitcoin became so much of a predicament, the government would start watching very closely, and congress would pass new laws on bitcoin. If you live in the US, there are taxes for capital gain. No matter where you live in the world, it is quite obvious that bitcoin will not ever ruin a country. Imagine this, we would have to print less money, saving some trees. Also, Bitcoin can stop currency devaluation.
yes bitcoin is not going to ruin any country. but to me i think it is giving more financial support to the countries. bitcoin is giving opportunities to jobless people to invest a minor assets and get a god profit. and if a person even do not have any investment, then he can join a signature campaign in bitcoin cointalk.org from where he can get some bitcoin. and i think if government will put tax on bitcoin then the government can also get good income tax from bitcoin.



                                         ▄
                 ▄▄████████▄▄         ▄▄██
 ▄▄           ▄██▀▀        ▀▀██▄    ▄███▀
 ▀███▄▄     ▄█▀                ▀█▄▄█████▀
  ▀██████▄▄█▀                ▄▄███████▀
   ▐█████████▄           ▄▄███████████
     ▀█████████▄▄      ▄█████████████
       ▀██████████    ███████████████
        ▐▀█████████  █████████████▀ ▐▌
        ▐▌ ▀▀██████ ▐███████████▀   ▐▌
        ▐▌      ▀██ ▐█████████▀     ▐▌
         █        ▀  ██████         █
         ▐█          ▐█████▄       █▌
          ▀█▄         ▀██████▄   ▄█▀
            ▀█▄         ▀█████▌▄█▀
              ▀██▄▄       ▀▄▄██▀
                ▀▀████████▀▀
T
....ANGEL TOKEN....


                                         ▄
                 ▄▄████████▄▄         ▄▄██
 ▄▄           ▄██▀▀        ▀▀██▄    ▄█▀█▀ 
 ▀█▀█▄▄     ▄█▀                ▀█▄▄█  ▄█▀ 
  ▀█  ▀▀█▄▄█▀                ▄▄██░   █▀   
   ▐▄▄  ░░░▀█▄           ▄▄█▀▀░░░   ▄█    
     ▀█▄ ░░░▒▒█▄▄      ▄██▒▒▒▒▒░    █     
       ▀▄▄ ░░▒▒▒▓█    ██▒▒▒▒▒▒░   ▄▄█     
        ▐▀█▄░░▒▒▓██  █▓▒▒▒▒▒▒░  ▄█▀ ▐▌    
        ▐▌ ▀▀█▒▓███░▐█▓▒▒▒▒░░ ▄█▀   ▐▌    
        ▐▌      ▀██ ▐█▓▓▒▒▄▄▄█▀     ▐▌    
         █        ▀  █▓█▀▀█         █     
         ▐█          ▐▄▓░ █▄       █▌     
          ▀█▄         ▀█▒░ ▀█▄   ▄█▀      
            ▀█▄         ▀█▄▄▄█▌▄█▀        
              ▀██▄▄       ▀▄▄██▀          
                 ▀▀████████▀▀             

theoulis
Hero Member
*****
Online Online

Activity: 854



View Profile
February 10, 2017, 09:06:20 AM
#39

dictators are ruining countries!
false politics are ruining countries!
greedy leaders, mad leaders, you name them.
Moreover, every transaction has and should have a vat taxation. no other tax is needed, just give people the opportunity
to transact with each other!
Hydrogen
Hero Member
*****
Offline Offline

Activity: 602



View Profile
February 11, 2017, 12:45:19 AM
#40

The two main tax issues which ruin a country are.

Wasteful state spending -- the united states spending $6.5 trillion on their war in the middle east with no tangible positive returns and nothing to show for it.

Inefficient state spending -- public schools in the united states having per student costs rivaling the expense of harvard tuition.

Tax collection is seldom an issue, unless we're talking about countries like greece where tax avoidance is extremely widespread.

Also most avenues of tax collection, income taxes and so on are not bitcoin enabled which limits the degree to which taxes can be avoided.

legendbtc
Sr. Member
****
Offline Offline

Activity: 448



View Profile
February 11, 2017, 09:58:38 AM
#41

Even in our country they are collection trillion and trillions money are collecting through taxes. But government are not even paying any benefits to people who don't have job, they are not encouraging people to learn about this new technology like bitcoin. Government are not supporting bitcoin because if they support they won't get any taxes from the people. Once government are not accepting means how can bitcoin ruin the country not at all possible.



       ██                 ██                 ██
      ████               ████               ████
     ██████             ██████             ██████
    ████████           ████████           ████████
   ██████████         ██████████         ██████████
  ████████████       ████████████       ████████████
 ██████████████     ██████████████     ██████████████
████████████████   ████████████████   ████████████████
 ██████████████  █  ██████████████  █  ██████████████
  ████████████  ███  ████████████  ███  ████████████
   ██████████  █████  ██████████  █████  ██████████
    ████████  ███████  ████████  ███████  ████████
     ██████  █████████  ██████  █████████  ██████
      ████  ███████████  ████  ███████████  ████
       ██  █████████████  ██  █████████████  ██




 ▄███████████████  ████                 ▄████████████▄     ████          ████  ████████████████████
█████████████████  ████                ████████████████    ████          ████  ████████████████████
████               ████               ████▀        ▀████   ████          ████          ████
████               ████              ████            ████  ████          ████          ████
████               ████              ████            ████  ████          ████          ████
████               ████              ████            ████  ████          ████          ████
████               ████              ████            ████  ████          ████          ████
████               ████              ████            ████  █████         ████          ████
████               ████               ████▄        ▄████    █████▄▄      ████          ████
█████████████████  █████████████████   ████████████████      ████████████████          ████
 ▀███████████████   ▀███████████████    ▀████████████▀        ▀▀█████████████          ████


█  █████  █
██  ███  ██
███  █  ███
████   ████
███  █  ███
██  ███  ██
█  █████  █
  ███████
█  █████  █
██  ███  ██
███  █  ███
████   ████
███  █  ███
██  ███  ██
█  █████  █


█  █████  █
██  ███  ██
███  █  ███
████   ████
███  █  ███
██  ███  ██
█  █████  █
  ███████
█  █████  █
██  ███  ██
███  █  ███
████   ████
███  █  ███
██  ███  ██
█  █████  █
FaucetKING
Full Member
***
Offline Offline

Activity: 224



View Profile
February 11, 2017, 03:25:23 PM
#42

Yes, For Me , I Think that  Bitcoin Can Destroy Countries !

darkangel11
Legendary
*
Offline Offline

Activity: 854


View Profile
February 12, 2017, 12:09:38 AM
#43

Even in our country they are collection trillion and trillions money are collecting through taxes. But government are not even paying any benefits to people who don't have job
Don't know where you're from, but in Europe they do. Especially if you've recently lost a job. Most countries also pay health insurance for the unemployed.

Bitcoin can't ruin a country, because a country is not its governments with its budget cuts and debts, but the people. It can ruin the politics, but it won't make people suddenly become homeless and jobless. The market has its own ways of correcting things and people can be paid with any currency.

mkmdoc
Sr. Member
****
Offline Offline

Activity: 392


INS Ecosystem


View Profile
February 12, 2017, 10:55:40 AM
#44

Yes, For Me , I Think that  Bitcoin Can Destroy Countries !

I think bitcoin won't destroy countries because it is being used by many people from different parts of the world. Many people are really fed up with these fiat currency taxes by the government so people need change in the form of earning. Bitcoin cannot ruin the world but it can change of economic situation of the countries.


███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █
███ █ █

█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
█ █ ███
●  Whitepaper
●  ANN Thread
●  Reddit
●  Telegram
●  Twitter
●  Facebook

███
███
███
███
███
███
███
███
███
███
███
███
███
DarkIT
Sr. Member
****
Offline Offline

Activity: 378



View Profile
February 12, 2017, 09:56:15 PM
#45

Of course. for bitcoin still has value, especially bitcoin has a high enough value, I believe, with bitcoin, a government can establish a state. Well, although the country also need the currency, but bitcoin can be useful as an alternative currency, and it is suitable for use in a new country, because bitcoin is international.

SPECTRE                ▄▄███▄▄
            ▄▄███▀▀▀▀▀███▄▄
▄▄      ▄▄███▀▀ ▄▄███▄▄ ▀▀███▄▄      ▄▄
████▄▄  ▀▀▀ ▄▄███████████▄▄ ▀▀▀  ▄▄████
  ▀▀████▄    ▀▀█████████▀▀    ▄████▀▀
 ██▄▄ ▀██ █▄▄    ▀▀▀▀▀    ▄▄█ ██▀ ▄▄██
 ▀▀███ ██ █████▄       ▄█████ ██ ███▀▀
      ██ ███████▄   ▄███████ ██
       ██ ████████   ████████ ██
       ██▄▄ ▀▀████   ████▀▀ ▄▄██
        ▀▀███▄▄ ▀▀   ▀▀ ▄▄███▀▀
            ▀▀███▄▄▄▄▄███▀▀
                ▀▀███▀▀
             │
     │      ███
     │      ███
    │     ███
███  │     ███
███ ███ ███ ███
███ ███ ███ ███
███ ███ ███ ███
███ ███ ███ ███
███ ███     │
███ ███     │
    │
 
▬▬     WHITEPAPER    ▬▬
FACEBOOK     TELEGRAM
TWITTER     SLACK     MEDIUM
.
PRE-SALE.
PUBLIC SALE.
Pamoldar
Hero Member
*****
Offline Offline

Activity: 728



View Profile
February 13, 2017, 01:30:14 PM
#46

Yes, For Me , I Think that  Bitcoin Can Destroy Countries !
I think so too because if a country can't collect money from the tax system it loses out on revenue and the economy just might collapse and for this reason bitcoin can't run independently as people just might invade paying tax.


                   ▄▄▄▄▄
            ▄▄███████████████▄▄
         ▄███████████████████████▄
       ▄██████████████████▀ ▀███████▄
     ▄██████████████████▀    ▄████████
    ██████████████████▀    ▄███████████▄
   ██████████████████    ▄██████████████
  ████████████████ ▀██▄   ▀██████████████
  ███████████████▄   ▀██▄   ▀████████████
 ▐████████████▀ ▀██▄   ▀██▄   ███████████▌
 ▐███████████▄    ▀██▄   ▀██▄████████████▌
 ▐█████████████▄    ▀██▄ ▄███████████████▌
  ▀██████████████▄    ▀██████████████████
   █████████████▀    ▄██████████████████
    ▀█████████▀    ▄███████████████████
      ███████▄   ▄███████████████████
        ███████▄███████████████████
          ▀▀████████████████████▀
               ▀███████████▀

..ETHLend..1
[ Slack ] [ Telegram ] [ Twitter ]
▬▬ [ Bounty ] [ Facebook ] ▬▬
[ DAPP Thread ] [ ICO Thread ]
machinek20
Hero Member
*****
Offline Offline

Activity: 686



View Profile
February 14, 2017, 01:58:18 PM
#47

Bitcoin is helping the citizen to earn a better life and more efficient way to do transaction, it is possible that a country can ruin a country, if all of the citizen using bitcoin and dont pay any tax and then the citizen used bitcoin for buying illegal things, but I think bitcoin got more positive side than the negative side

btcdiggingmaster
Sr. Member
****
Offline Offline

Activity: 448



View Profile
February 15, 2017, 05:12:11 AM
#48

Bitcoin is helping the citizen to earn a better life and more efficient way to do transaction, it is possible that a country can ruin a country, if all of the citizen using bitcoin and dont pay any tax and then the citizen used bitcoin for buying illegal things, but I think bitcoin got more positive side than the negative side

In order to ruin the country every citizen must pay taxes to government for using the bitcoin, because once people are paying taxes to the government. Even government will start suggesting their citizen to use bitcoins as their payment option. Yes bitcoin has more positive side that's why government are not banning the bitcoin till now.

██   ██   ██   ██      ██   ██   ██   ██
██   ██   ██   ██      ██   ██   ██   ██
██   ██   ██   ██      ██   ██   ██   ██
██   ██   ██   ██      ██   ██   ██   ██
██   ██   ██   █████████████████████████
██   ██   ██                          ██
██   ██   ██                          ██
██   ██   ██████████████████████████████
██   ██                               ██
██   ██                               ██
████████████████████████████████████████
██                               ██   ██
██                               ██   ██
██████████████████████████████   ██   ██
██                          ██   ██   ██
██                          ██   ██   ██
█████████████████████████   ██   ██   ██
██   ██   ██   ██      ██   ██   ██   ██
██   ██   ██   ██      ██   ██   ██   ██
██   ██   ██   ██      ██   ██   ██   ██
██   ██   ██   ██      ██   ██   ██   ██



HACKEN

______


______


______


______


______


______


______

______


______


______


______


______


______


______
dondexter
Full Member
***
Offline Offline

Activity: 206



View Profile
February 19, 2017, 01:07:34 AM
#49

I don't see how a country can be ruined, as long as they take the necessary legal steps to regulate it?
Yusuf77
Sr. Member
****
Offline Offline

Activity: 308



View Profile
February 19, 2017, 02:57:55 AM
#50

Well, i just thought, if bitcoin become a currency of one Country, maybe it can destroy that country? Think of it, Bitcoins do not have a tax, and tax are used by the government to make that country a good one, without tax, what will be used to spend and make that country a good one?

What do you think?
I think bitcoin will not damage the state unless the bitcoin misused by a country. because in its use bitcoin has many benefits. but it is regrettable in my country have not been legalized bitcoin

|
 
 
50
|
 




                       ▄
           ▄▄▄▄▄▄███████
▄▄▄▄█████  █████████████
█████████  █████████████
█████████  █████████████
█████████  █████████████
█████████  █████████████
█████████  █████████████

█████████  █████████████
█████████  █████████████
█████████  █████████████
█████████  █████████████
█████████  █████████████
▀▀▀▀█████  █████████████
           ▀▀▀▀▀▀███████
                       ▀
|
 
 
$1,5 M
|



        ▄▄▄█████████▄▄▄
      ▄█████▀▀███▀▀█████▄
    ▄███▀     ███     ▀███▄
   ████       ███       ████
  ███▀                   ▀███
 ███▀                     ▀███
▄██▀       █████████       ▀██▄
███                         ███
███        █████████        ███
███                         ███
▀██▄       █████████       ▄██▀
 ███▄                     ▄███
  ███▄                   ▄███
   ████       ███       ████
    ▀███▄     ███     ▄███▀
      ▀█████▄▄███▄▄█████▀
        ▀▀▀█████████▀▀▀
|
 
|
 
<>
<>
<>
<>
 
GITHUB
TWITTER
YOUTUBE
FACEBOOK
youdacapt
Sr. Member
****
Offline Offline

Activity: 336


★Nitrogensports.eu★


View Profile
February 19, 2017, 01:47:58 PM
#51

Well, i just thought, if bitcoin become a currency of one Country, maybe it can destroy that country? Think of it, Bitcoins do not have a tax, and tax are used by the government to make that country a good one, without tax, what will be used to spend and make that country a good one?

What do you think?
I think bitcoin will not damage the state unless the bitcoin misused by a country. because in its use bitcoin has many benefits. but it is regrettable in my country have not been legalized bitcoin

Countries may completely ban people uses bitcoin by issuing laws on finance, but I believe any country would not dare to stop bitcoin appeasement, because it has a huge potential in financial industry. Third world countries can only supervise circulation and continue to pay attention to news from developed countries. If group of developed countries have proven to regulate bitcoin, they would have come to follow.

Bitcoin has potential for ruining the state finances, but before that happens, they already will adopt it in their financial regulation.


           █████████████████     ████████
          █████████████████     ████████
         █████████████████     ████████
        █████████████████     ████████
       ████████              ████████
      ████████              ████████
     ████████     ███████  ████████     ████████
    ████████     █████████████████     ████████
   ████████     █████████████████     ████████
  ████████     █████████████████     ████████
 ████████     █████████████████     ████████
████████     ████████  ███████     ████████
            ████████              ████████
           ████████              ████████
          ████████     █████████████████
         ████████     █████████████████
        ████████     █████████████████
       ████████     █████████████████
▄▄
██
██
██
██
██
██
██
██
██
██     
██
██
▬▬ THE LARGEST & MOST TRUSTED ▬▬
.BITCOIN SPORTSBOOK
   ▄▄
██
██
██
██
██
██
██
██
██
██     
██
██
             ▄▄▄▄▀▀▀▀▄
     ▄▄▄▄▀▀▀▀        ▀▄▄▄▄           
▄▀▀▀▀                 █   ▀▀▀▀▀▀▀▄▄
█                    ▀▄          █
 █   ▀▌     ██▄        █          █         
 ▀▄        ▐████▄       █        █
  █        ███████▄     ▀▄       █
   █      ▐████▄█████████████████████▄
   ▀▄     ███████▀                  ▀██
    █      ▀█████    ▄▄        ▄▄    ██
     █       ▀███   ████      ████   ██
     ▀▄        ██    ▀▀        ▀▀    ██
      █        ██        ▄██▄        ██
       █       ██        ▀██▀        ██
       ▀▄      ██    ▄▄        ▄▄    ██
        █      ██   ████      ████   ██
         █▄▄▄▄▀██    ▀▀        ▀▀    ██
               ██▄                  ▄██
                ▀████████████████████▀



    CASINO    DICE    POKER   
     ▬▬  24 hour Customer Support  ▬▬   
aubert
Legendary
*
Offline Offline

Activity: 938



View Profile
February 20, 2017, 02:01:35 PM
#52

Yes, For Me , I Think that  Bitcoin Can Destroy Countries !
I think so too because if a country can't collect money from the tax system it loses out on revenue and the economy just might collapse and for this reason bitcoin can't run independently as people just might invade paying tax.
Just if the government could make a right regulation then it won't be destroyed. blockchain is actually really transparent because it will keep every transaction which people have done and will never delete it.
I could say that it's far more transparent than the local currencies ever existed (cash).
There's still possibilities that the people will find some way to hide their footstep, though. Means the government will be forced to give additional efforts regarding this matter.

██
█║█
║║║
║║║
█║█
██
'BTC MULTI-WALLET SOON'
▬▬▬▬ Download WHITEPAPER ▬▬▬▬

                    ▄██▄
                  ▄██████▄
                ▄██████████
              ▄██████████▀   ▄▄
            ▄██████████▀   ▄████▄
          ▄██████████▀    ████████▄
         ██████████▀      ▀████████
         ▀███████▀   ▄███▄  ▀████▀   ▄█▄
    ▄███▄  ▀███▀   ▄███████▄  ▀▀   ▄█████▄
  ▄███████▄      ▄██████████     ▄█████████
  █████████    ▄██████████▀    ▄██████████▀
   ▀█████▀   ▄██████████▀    ▄██████████▀
     ▀▀▀   ▄██████████▀    ▄██████████▀
          ██████████▀    ▄██████████▀
          ▀███████▀      █████████▀
            ▀███▀   ▄██▄  ▀█████▀
                  ▄██████▄  ▀▀▀
                  █████████
                   ▀█████▀
                     ▀▀▀
e i d o o
██

███▀▀
▐▐▌
▐▌
▐▌
▐▐▌
███▄▄
▀▀███
▐▌▌
▐▌
▐▌
▐▌▌
▄▄███
Investforprofit
Jr. Member
*
Offline Offline

Activity: 55


View Profile
February 20, 2017, 09:28:13 PM
#53

I really dont think that because probavly later we will all pay fee on bitcoin transactions and countries wil get profit from that and also many pupil will become rirch what will help to every country.
Sniper150
Sr. Member
****
Offline Offline

Activity: 252



View Profile
March 05, 2017, 03:38:03 AM
#54

i dont think so because bitcoin don't pay taxes, we all know that taxes is for government  used so there is no big possibility to ruin our country , besides , it can help bitcoin users to invest money .

thend1949
Hero Member
*****
Offline Offline

Activity: 588


Crypto-Games.net: Multiple coins, multiple games


View Profile
March 05, 2017, 04:36:21 AM
#55

i dont think so because bitcoin don't pay taxes, we all know that taxes is for government  used so there is no big possibility to ruin our country , besides , it can help bitcoin users to invest money .

They can't get taxes in bitcoin unless they will regulate bitcoin in their country. Like in the Philippines, They regulate it and I have a news that they will add some taxes in exchangers of bitcoin.

It is like money, if the bitcoin user is a bad people. They can ruin a country if they use bitcoin in illegal things. But As Long as the user of bitcoin is good person, they can't ruin a country, they will not ruin a country.


          ▄▄█████▌▐█████▄▄
       ▄█████████▌    ▀▀▀███▄
     ▄███████████▌  ▄▄▄▄   ▀██▄
   ▄█████████████▌  ▀▄▄▀     ▀██▄
  ▐██████████████▌  ▄▄▄▄       ▀█▌
 ▐███████████████▌             ▀█▌
 ████████████████▌  ▀▀▀█         ██
▐████████████████▌  ▄▄▄▄         ██▌
▐████████████████▌  ▀  ▀         ██▌
 ████████████████▌  █▀▀█         ██
 ▐███████████████▌  ▀▀▀▀        ▄█▌
  ▐██████████████▌  ▀▀▀▀       ▄█▌
   ▀█████████████▌  ▀▀█▀     ▄██▀
     ▀███████████▌  ▀▀▀▀   ▄██▀
       ▀█████████▌    ▄▄▄███▀
          ▀▀█████▌▐█████▀▀
▬◉▬
▬◉▬
▬◉▬
▬◉▬
▬◉▬
▬◉▬
▬◉▬
▬◉▬
      ▄▄▄
 ▄▄█████████▄▄
  ▀▀▀▀▀▀▀▀▀▀▀
   █▌▐█ █▌▐█
   █▌▐█ █▌▐█
 ▄███████████▄
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄






▄█████████████▄
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
███████████████
██▀▀█▀▀████████
▀█████████████▀
1.btcwonder
Jr. Member
*
Offline Offline

Activity: 42


View Profile
April 05, 2017, 12:58:38 PM
#56

Yes, for me, I Believe that Bitcoin Can Destroy a country. I suspect as much excessively in light of the fact that if a country can't gather cash from the tax it misses out on the raven. Besides this Bitcoin is also providing opportunities to people to invest and trade.
olubams
Hero Member
*****
Offline Offline

Activity: 504


View Profile
April 05, 2017, 08:46:26 PM
#57

Well, i just thought, if bitcoin become a currency of one Country, maybe it can destroy that country? Think of it, Bitcoins do not have a tax, and tax are used by the government to make that country a good one, without tax, what will be used to spend and make that country a good one?

What do you think?

Yes bitcoin can ruin and add to the woes of a country if its not used wisely or controlled, if not, I am sure majority of the countries which bitcoin has established a presence would have legalised the currency but they are concerned about not the positive of bitcoin but the negativity it brings along which is the anonymity that can be relied upon to perpetuate money laundering which could mean loss of huge revenue to government..
nu11p7r
Newbie
*
Offline Offline

Activity: 3


View Profile
April 06, 2017, 08:03:36 PM
#58

For those thinking about this question. I would suggest reading some background on the people, movements, and intellectual ideas that helped to inspire the invention of bitcoin.

For example this quote:

"Some of us believe various forms of strong cryptography will cause the power of the state to decline, perhaps even collapse fairly abruptly. We believe the expansion into cyberspace, with secure communications, digital money, anonymity and pseudonymity, and other crypto-mediated interactions, will profoundly change the nature of economies and social interactions.

Governments will have a hard time collecting taxes, regulating the behavior of individuals and corporations (small ones at least), and generally coercing folks when it can't even tell what _continent_ folks are on!"  Timothy C May.

https://www.activism.net/cypherpunk/crypto-anarchy.html

https://en.wikipedia.org/wiki/Crypto-anarchism
https://en.wikipedia.org/wiki/Cypherpunk

Part of the idea inside bitcoin's invention is specifically to reduce the power of the nation-state. The genesis block message makes that very clear.

The original poster is probably mis-informed about what most taxes fund, when you remove the fraction of government spending that is actually mostly redistribution in nature, and focus on true spending associated with "action", it mostly is not about make a "good country". Widespread adoption of private digital money would specifically help eliminate gov effectiveness in collecting income, payroll, and capital/investment type taxes but the other more "natural" taxes such as tariffs, property taxes, and tolls can still be obviously collected. Those more natural taxes are what tend  to make a country a "good one", such as schools, parks, roads, infrastructure. The other modern un-natural taxes along combined with the symbiotic connection to fiat central bank issued currencies are what is used to wage war and create destruction and death. 

So yes. If you think ruining a Country would be the fall of nation states, then yes Bitcoin can ruin a Country. If you think building a more peaceful and prosperous world with smaller less violent and dangerous nations, then no, bitcoin won't ruin a country, it will probably eventually make it better, its just to get to the other side, we might have a really bumpy ride. So buckle up.

Workation Russia
Newbie
*
Offline Offline

Activity: 11


View Profile
April 08, 2017, 12:02:54 PM
#59

Well, i just thought, if bitcoin become a currency of one Country, maybe it can destroy that country? Think of it, Bitcoins do not have a tax, and tax are used by the government to make that country a good one, without tax, what will be used to spend and make that country a good one?

What do you think?

Definitely it's not possible in the nearest future. It's very difficult to control Bitcoin therefore the government will not allow it to become dominant currency.
btcdiggingmaster
Sr. Member
****
Offline Offline

Activity: 448



View Profile
April 11, 2017, 07:40:30 AM
#60

i dont think so because bitcoin don't pay taxes, we all know that taxes is for government  used so there is no big possibility to ruin our country , besides , it can help bitcoin users to invest money .

Yes, bitcoin cannot ruin the countries because regulation is one of the important factors because many politicians are thinking that bitcoin is a pyramid scheme and even some people are not supporting bitcoin, so governments will take all consideration from people and how far bitcoin can be profitable to the governments. Let's wait and see.

██   ██   ██   ██      ██   ██   ██   ██
██   ██   ██   ██      ██   ██   ██   ██
██   ██   ██   ██      ██   ██   ██   ██
██   ██   ██   ██      ██   ██   ██   ██
██   ██   ██   █████████████████████████
██   ██   ██                          ██
██   ██   ██                          ██
██   ██   ██████████████████████████████
██   ██                               ██
██   ██                               ██
████████████████████████████████████████
██                               ██   ██
██                               ██   ██
██████████████████████████████   ██   ██
██                          ██   ██   ██
██                          ██   ██   ██
█████████████████████████   ██   ██   ██
██   ██   ██   ██      ██   ██   ██   ██
██   ██   ██   ██      ██   ██   ██   ██
██   ██   ██   ██      ██   ██   ██   ██
██   ██   ██   ██      ██   ██   ██   ██



HACKEN

______


______


______


______


______


______


______

______


______


______


______


______


______


______
radiocoin
Newbie
*
Offline Offline

Activity: 15


View Profile
April 11, 2017, 03:53:59 PM
#61

i tend to agree with the guy who compares bitcoin to gold. i feel the creation is a natural response to feds devaluing currency to justify spending money they don't have by just printing more. A gold standard kept that from happening as you needed something of value before you can spend on something of value for a equal trade and that's why they got rid of that restriction. they disprove of bitcoin because it takes effort to acquire much the same way the gold standard was.

who is John Galt?
Nahl
Legendary
*
Online Online

Activity: 1064



View Profile
April 11, 2017, 06:21:12 PM
#62

bitcoin have not tax for each transactions but doesn't mean will ruin the particular country and if there is a country decide to make bitcoin as their main currency i think they already prepare the worst situations and regulation will be the main thing to control bitcoin because if this is happening i think bitcoin will no more anonymous because the government will control bitcoin

             ███
     ▄▄▄▄▄   ▀▀▀
  ▄█████████▄
 ███▀     ▀███▄
███         ███
███         ███
 ███▄     ▄████
  ▀████████████
     ▀▀▀▀▀  ███
            ███
███▄       ▄███
 ▀███▄▄▄▄▄███▀
   ▀▀█████▀▀
gexcrypto
E X C R Y P T O

Global Trading Corp.
████
████
████
████
████  ████
████  ████
████  ████
████  ████
████  ████
      ████
      ████
      ████
      ████
.YOUR COMPREHENSIVE CRYPTO TRADING PLATFORM.
|       WHITEPAPER       |       FACEBOOK       |       TWITTER       |       ANN THREAD       |
████
████
████
████
████  ████
████  ████
████  ████
████  ████
████  ████
      ████
      ████
      ████
      ████
shine1123
Sr. Member
****
Offline Offline

Activity: 392


View Profile
April 12, 2017, 01:20:27 AM
#63

Well, i just thought, if bitcoin become a currency of one Country, maybe it can destroy that country? Think of it, Bitcoins do not have a tax, and tax are used by the government to make that country a good one, without tax, what will be used to spend and make that country a good one?

What do you think?

I don't think so. Both bitcoin and government can make a cooperation and bitcoin not always about currency though. I mean, bitcoin also provide a job for many jobless people on that country. Maybe the government can talk to the CEO of bitcoin on that country about tax and find a win win solution for both.
SHAWN-MIDWAYS
Sr. Member
****
Offline Offline

Activity: 420



View Profile
April 12, 2017, 11:58:39 PM
#64

Of course it can, if a country does not have any well laid out monetary polices to guide it...it can be deprived of revenue which would have channelled the collected monies to build the country.

Bitcoin also brings about financial freedom which could be problematic as it makes vices like money laundering easy

                                  ▄▄
                                ▄████▄
                              ▄████████▄
              ▄             ▄████████████▄
            ▄███▄         ▄████████████████▄
          ▄███████▄     ▄████████████████████▄
        ▄███████████▄ ▄████████████████████████▄
      ▄██████████████████████████████████████████▄
    ▄██████████████████████████████████████████████▄
  ▄██████████████████████████████████████████████████▄
▄██████████████████████████████████████████████████████▄
▀██████████████████████████████████████████████████████▀
  ▀██████████████████████████████████████████████████▀
    ▀██████████████████████████████████████████████▀
      ▀██████████████████████████████████████████▀
        ▀███████████▀ ▀████████████████████████▀
          ▀███████▀     ▀████████████████████▀
            ▀███▀         ▀████████████████▀
              ▀             ▀████████████▀
                              ▀████████▀
                                ▀████▀
                                  ▀▀




MICROMONEY

██
██
██
██
██
██
██
██
██
██
██
██
██


MicroMoney for People & Big Data for Business

▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬

██
██
██
██
██
██
██
██
██
██
██
██
██

██
██
██
██
██
██
██
██
██
██
██
██
██


Facebook
Twitter
LinkedIn


Reddit
Medium
Telegram
marketone
Hero Member
*****
Offline Offline

Activity: 742


Spectiv VR Crowdsale: 12/08/17


View Profile
April 13, 2017, 10:39:51 AM
#65

Yes, For Me , I Think that  Bitcoin Can Destroy Countries !
I think so too because if a country can't collect money from the tax system it loses out on revenue and the economy just might collapse and for this reason bitcoin can't run independently as people just might invade paying tax.

Without paying taxes it is not possible to ruin a country because still, the government is not completely happy with bitcoin, due to bitcoin there are many allegations being raised, in this way without government involvement bitcoin cannot ruin a country.


              ▄▄████████████▄▄             
          ▄███▀▀▀░░░░░░░░░░▀▀▀███▄▄         
       ▄██▀▀░░░░░░░░░░░░░░░░░░░░░▀██▄       
     ▄██▀░░░░░░░░░░░░░░░░░░░░░░░░░░▀███     
   ▄██▀░░░░░░░░░░░░░░░▄▄▄▄▄█████████████▄   
  ▄██░░░░░░░░░░░▄▄█████████░░░░░░░░░░░░▀█▌ 
 ▐██░░░░░░░░▄█████▀▀▀▀▀▀▀▀▀████▄░░░░░░░░▀█▌
▐██░░░░░░▄███▀▀███████████████▀▀██▄░░░░░░██▌
████▄░░▄██▀███████▄██████▄████████▀██▄░░░▐██
██░▀████▀██████████████████████████████▄░░██
██░░░▀██▄█████████████████████████▄██▀▀██▄██
██▌░░░░▀███▄████████▀▀▀▀███████▄██▀░░░░░▀███
▐██░░░░░░░▀███▄▄███████████▄▄██▀▀░░░░░░░░██▌
 ▐██░░░░░░░░░░▀▀████████████▀░░░░░░░░░░░▄█▌
  ▀██▄▄▄▄▄▄▄▄▄████████▀▀▀░░░░░░░░░░░░░░▄█▌ 
   ▀███▀▀▀▀▀▀░░░░░░░░░░░░░░░░░░░░░░░░▄██▀   
     ▀██▄░░░░░░░░░░░░░░░░░░░░░░░░░░▄██▀     
       ▀███▄░░░░░░░░░░░░░░░░░░░░▄▄██▀       
          ▀████▄▄░░░░░░░░░░▄▄▄███▀         
              ▀▀▀██████████▀▀▀             

     
                         [ Website ]                     
     
pearlmen
Sr. Member
****
Offline Offline

Activity: 322



View Profile
April 13, 2017, 09:02:44 PM
#66

I dont think bitcoin can destroy any country as at today because no country has fully adopted the it as a means of exchange and the volume of transactions is not enough to cause havoc in the economic system of any country. And if many country will adopt it, I am sure they will put checks in place to ensure it does not ruin its economy.


   ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄
  ▄▄▀██████▀ ▄ ▀██████▀▄▄
 ▄██▄ ▀███▀▄███▄▀███▀ ▄██▄
▄█████▄▀█ ▄██████ █▀▄█████▄
▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄
 ▀██████▌▐███████▌▐██████▀
   ▀█████ ███████ █████▀
     ▀████ █████ ████▀
       ▀███ ███ ███▀
         ▀█▌▐█▌▐█▀
           ▀ ▀ ▀
║║


║║





   █████████████████████
  ██████████████▀▀▀█▀████
 ██████ ▀█████▀     ▀█████
███████▌   ▀▀▀      ███████
████████▄           ███████
 ▀███████▀         ██████▀
   ▀██████▄     ▄▄█████▀
     ▀███▄▄▄▄████████▀
       ▀███████████▀
         ▀███████▀
           ▀███▀

   █████████████████████
  ███████████████████████
 ███████████▀   ▐█████████
████████████  ▄████████████
██████████      ███████████
 ▀██████████  ███████████▀
   ▀████████  █████████▀
     ▀██████▄▄███████▀
       ▀███████████▀
         ▀███████▀
           ▀███▀

   █████████████████████
  ███████████████████████
 █████████████▀▀  ▐███████
██████████▀▀  ▄   █████████
███████▀   ▄█▀   ▐█████████
 ▀██████▄▄█▀     ████████▀
   ▀██████▌ ▄▄▄ ▐██████▀
     ▀███████████████▀
       ▀███████████▀
         ▀███████▀
           ▀███▀
mrcash02
Hero Member
*****
Offline Offline

Activity: 686

★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile
April 14, 2017, 01:04:48 AM
#67

What is a strong country? A country with happy, rich and educate population. And that is what Bitcoin can bring to every country on the world. There is no way to ruin a country with Bitcoins, it exist to help people, to make our like easier...

If someone uses BTC for illegal activity it's another story... These people should be punished as they were punished by any other crime using fiat.

d5000
Legendary
*
Offline Offline

Activity: 1554



View Profile
April 14, 2017, 02:37:21 AM
#68

I agree mostly with this answer - above all, that Bitcoin would make collection of some kinds of taxes more difficult but not all taxes (my country, for example, relies on a high VAT but VAT would hardly be affected at all, at least not more than with cash).

But for me it's very improbable Bitcoin would have really a negative effect (and "destroy" nation-states). There is one fear that some nation-states had:  a capital flight from native currencies into Bitcoin that would devaluate their native currency. Let's take the case of Bolivia, where the Central Bank "banned" Bitcoin because of fears it could influence the stability of their native currency (the Peso Boliviano).

But - would this really be a capital flight with negative consequences? In no market Bitcoin is really a foreign currency, because there is no foreign authority controlling it that could benefit from it. That means that a move of capital from the native currency into Bitcoin would not have a significant influence in the exchange rate of the native currency into other currencies. There is one exception, however: if people use Bitcoin to buy "stronger" currencies like the dollar. But that would only be a problem if currency exchange is prohibited (like in Argentina from 2012 to 2014) because in other cases you don't need Bitcoin for it.

The use of Bitcoin does benefit, in most cases, the economy of the country where the users reside - at least, if its merchants also adopt it.

       ▀
   ▄▄▄   ▄▀
   ███ ▄▄▄▄  ██
       ████
    ▄  ▀▀▀▀
▄▄
      ██    ▀▀
██▄█▄▄▄████████
▄▄▄▄▄▄▄▄▀▀███▀▀▀
██████████████████
████▄▀▄▀▄▀███▀▀▀▀▀
████▄▀▄▀▄▀███ ▀
████▄▀▄▀▄▀████████
▀█████████████████
]
,CoinPayments,
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
iamTom123
Sr. Member
****
Offline Offline

Activity: 420

ChipMixer ChipMixer ChipMixer ChipMixer


View Profile
April 14, 2017, 06:55:28 AM
#69

That would probably be overstretching as to how potent is Bitcoin as a financial instrument. But you got a point and that is why maybe countries are still reluctant to recognize and accept Bitcoin as a currency because Bitcoin is beyond their own control and even USA is finding a hard time as far as taxation is concerned. Bitcoin is viewed as a threat by many governments most especially control freak like China and Russia. However, hopefully this kind of viewpoint for Bitcoin would slowly change in the coming years.

zulkarnaen
Sr. Member
****
Offline Offline

Activity: 252



View Profile
April 14, 2017, 07:27:07 AM
#70

In my opinion the existence of bitcoin really help the economy of a country
with bitcoin in this country creates more business opportunities such as investments, for example, trade, and kiosks that provide bitcoin transactions

             ███
     ▄▄▄▄▄   ▀▀▀
  ▄█████████▄
 ███▀     ▀███▄
███         ███
███         ███
 ███▄     ▄████
  ▀████████████
     ▀▀▀▀▀  ███
            ███
███▄       ▄███
 ▀███▄▄▄▄▄███▀
   ▀▀█████▀▀
gexcrypto
E X C R Y P T O

Global Trading Corp.
████
████
████
████
████  ████
████  ████
████  ████
████  ████
████  ████
      ████
      ████
      ████
      ████
YOUR COMPREHENSIVE CRYPTO TRADING PLATFORM
|       WHITEPAPER       |       FACEBOOK       |       TWITTER       |       ANN THREAD       |
████
████
████
████
████  ████
████  ████
████  ████
████  ████
████  ████
      ████
      ████
      ████
      ████
terrate
Full Member
***
Offline Offline

Activity: 196

Newbie in online currency , love learning


View Profile
April 14, 2017, 09:45:20 PM
#71

Can. If the country notes like a shit.
The country can't take care of money out to other country.
eng_ali_amer
Newbie
*
Offline Offline

Activity: 14


View Profile
April 20, 2017, 11:15:19 PM
#72

I think it can help economies ,making more chances
darkangel11
Legendary
*
Offline Offline

Activity: 854


View Profile
April 20, 2017, 11:24:56 PM
#73

Can. If the country notes like a shit.
The country can't take care of money out to other country.
If the national currency isn't worth anything the country is already ruined. It's a boat full of holes and people, who keep their fingers in the holes to keep it afloat.
Bitcoin can't ruin a country, if it crashes some weak fiat it will simply expose its weakness and end the masquerade.

Horserg
Newbie
*
Offline Offline

Activity: 21


View Profile
April 24, 2017, 05:20:42 AM
#74

I believe Bitcoin is not a threat in the country, it actually helps. It has a broad way of helping individuals for fastest transactions, remittance and purchasing dry goods that are available online. If the issue is tax, the government will do some legal rules with it.
ivanpoldark
Sr. Member
****
Offline Offline

Activity: 364


The object of the superior man is truth. Confucius


View Profile
April 24, 2017, 05:35:01 PM
#75

This is possible theoretically. If most of citizens in this country would convert their real money to bitcoin, with intention or not to pay taxes from it. Than the economy and all political system could crash and the country falls in to anarchy.

SPECTRE                ▄▄███▄▄
            ▄▄███▀▀▀▀▀███▄▄
▄▄      ▄▄███▀▀ ▄▄███▄▄ ▀▀███▄▄      ▄▄
████▄▄  ▀▀▀ ▄▄███████████▄▄ ▀▀▀  ▄▄████
  ▀▀████▄    ▀▀█████████▀▀    ▄████▀▀
 ██▄▄ ▀██ █▄▄    ▀▀▀▀▀    ▄▄█ ██▀ ▄▄██
 ▀▀███ ██ █████▄       ▄█████ ██ ███▀▀
     ██ ███████▄   ▄███████ ██
       ██ ████████   ████████ ██
       ██▄▄ ▀▀████   ████▀▀ ▄▄██
        ▀▀███▄▄ ▀▀   ▀▀ ▄▄███▀▀
            ▀▀███▄▄▄▄▄███▀▀
                ▀▀███▀▀
             │
     │      ███
     │      ███
    │     ███
███  │     ███
███ ███ ███ ███
███ ███ ███ ███
███ ███ ███ ███
███ ███ ███ ███
███ ███     │
███ ███     │
    │
 
▬▬     WHITEPAPER    ▬▬
FACEBOOK     TELEGRAM
TWITTER     SLACK     MEDIUM
.
PRE-SALE.
PUBLIC SALE.
Userperson321
Newbie
*
Offline Offline

Activity: 14


View Profile
April 27, 2017, 11:05:08 PM
#76

Well the way I see it, bitcoin isn't really a currency; Bitcoin is an investment. I mean, think about it! When the idea of what bitcoin was going to be was being formed, it didn't become something that you go out and buy you groceries with, its not stable enough to be that. I mean, you could be looking at the prices of things in the grocery store and think you have enough bitcoin to pay for it but by the time you get to the front of the line, the price could have changed and you won't have enough to play for what you need. That is why bitcoin isn't going to ever replace something like the euro or the US dollar because their price change is slow and predictable, Bitcoin is something you buy in to. you spend a bit of money on some of it and then hope for a return, like the stock market. So hopefully one day bitcoin can live side by side other currencies and be something that everyone enjoys, but it will never replace them.

If you love me: 17CnwKFT5tamNG4vHCNxRKotzjnH1ay2V7
Wesimon
Sr. Member
****
Offline Offline

Activity: 406


https://gexcrypto.io


View Profile
May 01, 2017, 06:19:14 PM
#77

Well, i just thought, if bitcoin become a currency of one Country, maybe it can destroy that country? Think of it, Bitcoins do not have a tax, and tax are used by the government to make that country a good one, without tax, what will be used to spend and make that country a good one?

What do you think?

If ever that one country used bitcoin as its main currency, don't you think that they will impose taxes on every transaction and every earning of bitcoin? Of course they will! The government is not dumb enough to lead their country into its knees. And if the government ever see any chances of threat to its economy, they will immediately take actions. Maybe by banning bitcoin or whatever. The government will always find ways in order to prevent this from happening.

             ███
     ▄▄▄▄▄   ▀▀▀
  ▄█████████▄
 ███▀     ▀███▄
███         ███
███         ███
 ███▄     ▄████
  ▀████████████
     ▀▀▀▀▀  ███
            ███
███▄       ▄███
 ▀███▄▄▄▄▄███▀
   ▀▀█████▀▀
gexcrypto
E X C R Y P T O

Global Trading Corp.
████
████
████
████
████  ████
████  ████
████  ████
████  ████
████  ████
      ████
      ████
      ████
      ████
YOUR COMPREHENSIVE CRYPTO TRADING PLATFORM
|       WHITEPAPER       |       FACEBOOK       |       TWITTER       |       ANN THREAD       |
████
████
████
████
████  ████
████  ████
████  ████
████  ████
████  ████
      ████
      ████
      ████
      ████
d5000
Legendary
*
Offline Offline

Activity: 1554



View Profile
May 03, 2017, 12:43:33 AM
#78

Well the way I see it, bitcoin isn't really a currency; Bitcoin is an investment. I mean, think about it! When the idea of what bitcoin was going to be was being formed, it didn't become something that you go out and buy you groceries with, its not stable enough to be that.

Thats an accurate description of the status quo. But Bitcoin's high value would never work if there wasnt' a myth that makes people invest in it, and that myth is actually the vision that at some point in the future, Bitcoin will be "massively used" as a currency.

That's why I don't agree to your conclusion:

Quote
That is why bitcoin isn't going to ever replace something like the euro or the US dollar because their price change is slow and predictable, Bitcoin is something you buy in to.

Because for the myth to continue to work, there will be an incentive to work on solutions for a more stable price, like "partial backing" of the Bitcoin value by digital goods. Also, liquidity in the case of mass adoption will be higher and that will limit volatility - we already are seeing much less volatility than in 2013/14.

So countries and central banks shouldn't ignore Bitcoin: they should integrate it to their economy.

       ▀
   ▄▄▄   ▄▀
   ███ ▄▄▄▄  ██
       ████
    ▄  ▀▀▀▀
▄▄
      ██    ▀▀
██▄█▄▄▄████████
▄▄▄▄▄▄▄▄▀▀███▀▀▀
██████████████████
████▄▀▄▀▄▀███▀▀▀▀▀
████▄▀▄▀▄▀███ ▀
████▄▀▄▀▄▀████████
▀█████████████████
]
,CoinPayments,
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
arransiv
Sr. Member
****
Offline Offline

Activity: 392



View Profile
May 04, 2017, 07:18:41 PM
#79

I doubt it can actually happen,first of all we are far from the point where such a thing can even be considered to happen.For that to be possible first a country will have to operate exclusively with BTC and then we can talk what effect it can produce.For now that is not the case but even if it happens it's quite unlikely that it will cause such major damage over a country,I can't see that happening really

morlun
Full Member
***
Offline Offline

Activity: 161



View Profile WWW
May 06, 2017, 03:16:51 AM
#80

I think....no and yes, depending on the country. Did you have a certain country in mind? I would argue that it can save more countries than it would ruin. Especially 2nd and 3rd world countries. That is provided that you could get the internet to the to those countries. surprisingly Kenya is the country that uses the most digital currency in the world. It's not Cryptocurrency but it is digital cellphone minutes that people send back and forth to each other because it is more stable than their own money.

Jewell
Hero Member
*****
Offline Offline

Activity: 490



View Profile
May 07, 2017, 09:50:00 PM
#81

I dont think bitcoin can destroy any country as at today because no country has fully adopted the it as a means of exchange and the volume of transactions is not enough to cause havoc in the economic system of any country. And if many country will adopt it, I am sure they will put checks in place to ensure it does not ruin its economy.
yes that is very right that bitcoin is not going to destroy any country, to me i think bitcoin is even providing opportunities to the people to earn money through bitcoin and specially for those people who do not have any day job.
btcdiggingmaster
Sr. Member
****
Offline Offline

Activity: 448



View Profile
May 08, 2017, 10:10:06 AM
#82

I dont think bitcoin can destroy any country as at today because no country has fully adopted the it as a means of exchange and the volume of transactions is not enough to cause havoc in the economic system of any country. And if many country will adopt it, I am sure they will put checks in place to ensure it does not ruin its economy.
yes that is very right that bitcoin is not going to destroy any country, to me i think bitcoin is even providing opportunities to the people to earn money through bitcoin and specially for those people who do not have any day job.

Yes, bitcoin cannot ruin the country but it can bring change in many people life because it is provinding many different types of earning where user are making some decent money with bitcoin.

██   ██   ██   ██      ██   ██   ██   ██
██   ██   ██   ██      ██   ██   ██   ██
██   ██   ██   ██      ██   ██   ██   ██
██   ██   ██   ██      ██   ██   ██   ██
██   ██   ██   █████████████████████████
██   ██   ██                          ██
██   ██   ██                          ██
██   ██   ██████████████████████████████
██   ██                               ██
██   ██                               ██
████████████████████████████████████████
██                               ██   ██
██                               ██   ██
██████████████████████████████   ██   ██
██                          ██   ██   ██
██                          ██   ██   ██
█████████████████████████   ██   ██   ██
██   ██   ██   ██      ██   ██   ██   ██
██   ██   ██   ██      ██   ██   ██   ██
██   ██   ██   ██      ██   ██   ██   ██
██   ██   ██   ██      ██   ██   ██   ██



HACKEN

______


______


______


______


______


______


______

______


______


______


______


______


______


______
Superways
Hero Member
*****
Offline Offline

Activity: 630



View Profile
May 08, 2017, 11:10:25 PM
#83

Well, i just thought, if bitcoin become a currency of one Country, maybe it can destroy that country? Think of it, Bitcoins do not have a tax, and tax are used by the government to make that country a good one, without tax, what will be used to spend and make that country a good one?

What do you think?
There is a simple answer to your question in my mind that if bitcoin will become a currency of the country then it will mean that this country have accepted bitcoin as their legal currency and have legalized it by law then that country have the right to impose tax on bitcoin and so that country is not going to be ruined but both the citizens and country will get benefits of bitcoin.

.ZIGGER.      ███
  ███ ███
█ ███ ███
█ ███ ███
     ███
███ ███
███ ███
  ███ ███
███ ███
███ ███
███     █
███ ███
███
A Decentralized Crypto Marketplace
____ for Localized Shopping ____
[|FACEBOOK
TWITTER
SLACK
|.
ICO  ▶  13th November 2017
GET YOUR 40% BONUS
IN FIRST 24 HOURS!
]      ███
  ███ ███
█ ███ ███
█ ███ ███
     ███
███ ███
███ ███
  ███ ███
███ ███
███ ███
███     █
███ ███
███
MB boss
Full Member
***
Offline Offline

Activity: 144



View Profile
May 08, 2017, 11:14:00 PM
#84

Well, i just thought, if bitcoin become a currency of one Country, maybe it can destroy that country? Think of it, Bitcoins do not have a tax, and tax are used by the government to make that country a good one, without tax, what will be used to spend and make that country a good one?

What do you think?
There is a simple answer to your question in my mind that if bitcoin will become a currency of the country then it will mean that this country have accepted bitcoin as their legal currency and have legalized it by law then that country have the right to impose tax on bitcoin and so that country is not going to be ruined but both the citizens and country will get benefits of bitcoin.
Yes that make sense that with that action both of them will get the benefit. Just think of the approval of Japan that their approval of bitcoin make us more wealthy as the price increased so they can now impose tax on it as for them it is now a regular currency and if any other state will legalize it then for them it will be a normal currency and they will deal in them as other currencies.
Taylorw
Sr. Member
****
Offline Offline

Activity: 322



View Profile
May 11, 2017, 12:38:51 PM
#85

I believe that bitcoin is very-very far of having so much power. Nothing serious can happen. A lot of people even don't know that such thing exists

           ▄▄▄▄▄▄▄▄▄▄▄▄
       ▄▄█▀▀ ▄▄▄▄▄▄▄▄▄ ▀▀█▄▄
     ▄█▀ ▄▄█████████████▄▄ ▀█▄

    █▀ ▄███████▀   ▀███████▄ ▀█
   █ ▄████████▀     ▀████████▄ █
  █ ▄████████▀       ▀████████▄ █

 █ ▄████████▀    █    ▀████████▄ █
▄▀▄█████        ▄█▄        █████▄▀▄
█ ██████▀▀▀     ███     ▀▀▀██████ █

█ ██████▄▄     ▄███▄     ▄▄██████ █
█ ███████▀     ▀▀▀▀▀     ▀███████ █
▀▄▀█████▀                 ▀█████▀▄▀

 █ ▀███▀      ▄▄▄▄▄▄▄      ▀███▀ █
  █ ▀██      █████████      ██▀ █
   █ ▀██▄  ▄███████████▄  ▄██▀ █

    █▄ ▀███████████████████▀ ▄█
     ▀█▄ ▀▀█████████████▀▀ ▄█▀

       ▀▀█▄▄ ▀▀▀▀▀▀▀▀▀ ▄▄█▀▀
           ▀▀▀▀▀▀▀▀▀▀▀▀▀
AppCoins










[.
WHITEPAPER
][.
CROWDSALE
]
Qartersa
Hero Member
*****
Offline Offline

Activity: 686


View Profile
May 11, 2017, 02:13:46 PM
#86

It can be both ways.

1) Yes because if most people use Bitcoins and only a few encashes them, there will be no money circulation. I cannot imagine how the banking system can pay off its debts granting there would be hardly any paper money. This situation presupposes that some countries might not honor payment in Bitcoins in lieu of the currency it recognizes. However, it must be put in mind that Bitcoins can also be converted to cash to meet the creditors' requirements.

2) No because Bitcoins can be used in lieu of paper money since it can be converted to the required currency on a case-to-case basis. Otherwise stated, Bitcoins can be used as a tool in facilitating business, may it be in an online or physical merchandise.

       ▀
   ▄▄▄   ▄▀
   ███ ▄▄▄▄  ██
       ████
    ▄  ▀▀▀▀
▄▄
      ██    ▀▀
██▄█▄▄▄████████
▄▄▄▄▄▄▄▄▀▀███▀▀▀
██████████████████
████▄▀▄▀▄▀███▀▀▀▀▀
████▄▀▄▀▄▀███ ▀
████▄▀▄▀▄▀████████
▀█████████████████
]
,CoinPayments,
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
kpcian
Hero Member
*****
Offline Offline

Activity: 504



View Profile
May 24, 2017, 08:04:59 AM
#87

yeah. I agree with you on this issue, but there is a scope to work here, suppose, Country X approves bitcoin as a currency then obviously the X government will impose on tax or fees on bitcoin. without tax or fees, no government can run. on the other hand, bitcoin is getting popular day by day. so bitcoin and government have to come to a point what will be the process while both can be benefited.



                                         ▄
                 ▄▄████████▄▄         ▄▄██
 ▄▄           ▄██▀▀        ▀▀██▄    ▄███▀
 ▀███▄▄     ▄█▀                ▀█▄▄█████▀
  ▀██████▄▄█▀                ▄▄███████▀
   ▐█████████▄           ▄▄███████████
     ▀█████████▄▄      ▄█████████████
       ▀██████████    ███████████████
        ▐▀█████████  █████████████▀ ▐▌
        ▐▌ ▀▀██████ ▐███████████▀   ▐▌
        ▐▌      ▀██ ▐█████████▀     ▐▌
         █        ▀  ██████         █
         ▐█          ▐█████▄       █▌
          ▀█▄         ▀██████▄   ▄█▀
            ▀█▄         ▀█████▌▄█▀
              ▀██▄▄       ▀▄▄██▀
                ▀▀████████▀▀
T
....ANGEL TOKEN....


                                         ▄
                 ▄▄████████▄▄         ▄▄██
 ▄▄           ▄██▀▀        ▀▀██▄    ▄█▀█▀ 
 ▀█▀█▄▄     ▄█▀                ▀█▄▄█  ▄█▀ 
  ▀█  ▀▀█▄▄█▀                ▄▄██░   █▀   
   ▐▄▄  ░░░▀█▄           ▄▄█▀▀░░░   ▄█     
     ▀█▄ ░░░▒▒█▄▄      ▄██▒▒▒▒▒░    █     
       ▀▄▄ ░░▒▒▒▓█    ██▒▒▒▒▒▒░   ▄▄█     
        ▐▀█▄░░▒▒▓██  █▓▒▒▒▒▒▒░  ▄█▀ ▐▌     
        ▐▌ ▀▀█▒▓███░▐█▓▒▒▒▒░░ ▄█▀   ▐▌     
        ▐▌      ▀██ ▐█▓▓▒▒▄▄▄█▀     ▐▌     
         █        ▀  █▓█▀▀█         █     
         ▐█          ▐▄▓░ █▄       █▌     
          ▀█▄         ▀█▒░ ▀█▄   ▄█▀       
            ▀█▄         ▀█▄▄▄█▌▄█▀         
              ▀██▄▄       ▀▄▄██▀           
                 ▀▀████████▀▀             

mrcash02
Hero Member
*****
Offline Offline

Activity: 686

★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile
May 26, 2017, 03:41:59 PM
#88

yeah. I agree with you on this issue, but there is a scope to work here, suppose, Country X approves bitcoin as a currency then obviously the X government will impose on tax or fees on bitcoin. without tax or fees, no government can run. on the other hand, bitcoin is getting popular day by day. so bitcoin and government have to come to a point what will be the process while both can be benefited.

This point that both will be benefited is hard, as people are here to have full profit without benefit any institution, any government... Bitcoin is used to make individual people's life better and not to inject money in governments, a happy society isn't a society with a strong state, but a society with strong individuals.

The point is: People can earn BTCs, make profit from it and invest in their own country (by buying lands, houses, products), moving the economy by themselves and not by a state intervention.

noob22
Newbie
*
Offline Offline

Activity: 2


View Profile
May 26, 2017, 06:08:26 PM
#89

i don't know but i know that germany will probably get deep packet inspection. and we pay tax on all kinds of storage hardware because it could be for music and the like. following this logic you can expect a tax for downloading the bitcoin client. funny discussions to come..
OrangeII
Hero Member
*****
Offline Offline

Activity: 672


View Profile
May 27, 2017, 03:18:24 AM
#90

Well, I'm sure it can be, bitcoin is currently able to stand without government assistance and become a business field. If the government supports bitcoin, it could be bitcoin run a country, because basically bitcoin is money and can be used for the sake of the country.



           ▄███▄
        ▄█████████▄
     ▄██████████▀  ██▄
  ▄████████▀█▀   ▄██████▄
█▀▀▀███████   ▄████████▀▀▀█
██▄   ▀████▄▄▄▄█████▀   ▄██
█████▄   ▀███████▀   ▄█████
████████▄   ▀█▀   ▄████████
▀██████████▄   ▄███████████
   ▀████████▌ ▐█████ ██████
██▄   ▀█ ███▌ ▐████   ▀████
█████▄    ██▌ ▐███▄▄ ▐█████
████████ ▄██▌ ▐█████ ▐█████
████████▄███▌ ▐█████ ▐█████
  ▀█████████▌ ▐█████ ▐██▀
     ▀██████▌ ▐██████▀
        ▀███▌ ▐███▀
           ▀███▀

╲╲╲╲╲╲╲╲▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
  THE FIRST    OF ITS KIND
  SELF-GOVERNED    ECOSYSTEM

╱╱╱╱╱╱╱╱▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
   


           ▄███▄
        ▄█████████▄
     ▄██████████▀  ██▄
  ▄████████▀█▀   ▄██████▄
█▀▀▀███████   ▄████████▀▀▀█
██▄   ▀████▄▄▄▄█████▀   ▄██
█████▄   ▀███████▀   ▄█████
████████▄   ▀█▀   ▄████████
▀██████████▄   ▄███████████
   ▀████████▌ ▐█████ ██████
██▄   ▀█ ███▌ ▐████   ▀████
█████▄    ██▌ ▐███▄▄ ▐█████
████████ ▄██▌ ▐█████ ▐█████
████████▄███▌ ▐█████ ▐█████
  ▀█████████▌ ▐█████ ▐██▀
     ▀██████▌ ▐██████▀
        ▀███▌ ▐███▀
           ▀███▀

fuer44
Full Member
***
Offline Offline

Activity: 196



View Profile
May 28, 2017, 05:58:55 AM
#91

If still on a small scale may not affect a country. But if it is already on a large scale in the conduct of transactions, maybe it will affect the bank to affect the needs of sutu group
thank you

piececake24
Full Member
***
Offline Offline

Activity: 196


View Profile
May 29, 2017, 10:23:39 AM
#92

Not bitcoin but people who use it for evil things self interest and unlawful acts becoz bitcoin can use for corruption and also the influence of bitcoin is a real deal that's why it's possible to ruin a Country
MMA
Hero Member
*****
Offline Offline

Activity: 728



View Profile
May 29, 2017, 01:25:13 PM
#93

Not bitcoin but people who use it for evil things self interest and unlawful acts becoz bitcoin can use for corruption and also the influence of bitcoin is a real deal that's why it's possible to ruin a Country
bitcoin s not created to ruin a country, to me i think bitcoin is created as a currency, and specially using for online purposes, i think currently bitcoin is helping a lot of countries in their economy. it is giving opportunities to those people who do not have any any other source of income, they are really making good profit from bitcoin.

.ZIGGER.      ███
  ███ ███
█ ███ ███
█ ███ ███
     ███
███ ███
███ ███
  ███ ███
███ ███
███ ███
███     █
███ ███
███
A Decentralized Crypto Marketplace
____ for Localized Shopping ____
[|FACEBOOK
TWITTER
SLACK
|.
ICO  ▶  13th November 2017
GET YOUR 40% BONUS
IN FIRST 24 HOURS!
]      ███
  ███ ███
█ ███ ███
█ ███ ███
     ███
███ ███
███ ███
  ███ ███
███ ███
███ ███
███     █
███ ███
███
Twipple
Sr. Member
****
Offline Offline

Activity: 448


View Profile
May 29, 2017, 01:28:52 PM
#94

Perhaps. If you think of China being able to hack into some other country's system, then while they can't directly use it to hack but they can secretly do a ransomware and demand LARGE amounts of btc. And since not all governments have the best defence against malware, they do become prone to such attacks for extortion of millions.

thecryptoconsultant
Full Member
***
Offline Offline

Activity: 124

Check thecryptoconsultant.com for Newbie training


View Profile WWW
May 30, 2017, 03:31:42 PM
#95

This is a very good question that I have been asking myself lately, I will write an article on the topic and post it in here.

Victor

You want to learn more about Bitcoin but there is too much information available, but you don't have enough time, but you don't know who to trust, but you don't know which website is trustworthy. Come to thecryptoconsultant.com to get you started safely with Bitcoin!
Gaaara
Sr. Member
****
Offline Offline

Activity: 462



View Profile
May 31, 2017, 01:54:49 PM
#96

It cannot ruin a country, a city perhaps for some certain reason it cannot fully ruin a whole country, and the main reason for that is the underdevelopment of some province regarding technologies.

Bonpay
Global Blockchain Solution for Financial Freedom
Initial Token Sale ■■■ Whitepaper ■■■ Official thread ■■■ Slack
Bonpay Wallet & Сard - reliable bridge between crypto and fiat world
■■■ Always stay one step ahead ■■■
iyan33
Full Member
***
Offline Offline

Activity: 210



View Profile
June 01, 2017, 04:41:45 PM
#97

So far no country has been damaged by bitcoin factor, so it does not seem to fit that phrase even existence of bitcoin that has brought about a good economic change to its users

thecryptoconsultant
Full Member
***
Offline Offline

Activity: 124

Check thecryptoconsultant.com for Newbie training


View Profile WWW
June 01, 2017, 06:06:01 PM
#98

Yup. Cut the internet and they are done.

This is going to my article on the topic !! Crypto are a real risk for countries.
Russia announced recently a state funded start up to prevent a sudden loss of control (cf coindesk article)


Victor

You want to learn more about Bitcoin but there is too much information available, but you don't have enough time, but you don't know who to trust, but you don't know which website is trustworthy. Come to thecryptoconsultant.com to get you started safely with Bitcoin!
IftiM
Newbie
*
Offline Offline

Activity: 8


View Profile
June 05, 2017, 04:50:47 PM
#99

to me bitcoin is blessing for every country.where we can use one currency to buy sell products all over the world when it is available in all country..this way every country can get huge revenue from people of different country..no need for particular tax to increase the fund of government...
Sk_Ezaz
Full Member
***
Offline Offline

Activity: 238


Crypto Life


View Profile
June 06, 2017, 04:02:10 AM

I don't think bitcoin can ruin a Country because its give us many opportunity like online shopping, trading, recharge e.t.c and if a country government want bitcoin have tax fixed now we can all product or somthing buy sell with bitcoin.it's not a dangers currency so its not ruin a Country.if bitcoin become a main currency of a Country then the government should fixed a tax on bitcoin and I know they do it.

Text
Hero Member
*****
Offline Offline

Activity: 616



View Profile
June 06, 2017, 05:30:55 AM

Bitcoin can't ruin a country unless it was accepted as official country but I know it will not gonna happen. It is only a payment option in the internet to make transactions cheap and faster. Just take a look the positive side it brings, it can help the economy to betterment. It is now being use of many people and I can say that it will never destroy a country.

||▄▄▀▀▀▀▄            ▄▀▀▀▀▄▄
█▀▀▄   ▀▀▄      ▄▀▀   ▄███
█   █▀▄   ▀▀▄▄▀▀   ▄██████
█   █  ▀▀▄      ▄█████████
█   █     ▀▀▄▄██████▀▀████
█   █        ████▀  ▄▄████
█   █        █▀  ▄▄███████
█   █         ▄▄████▀▀████
█    ▀▄      ████▀  ▄▄████
 ▀▀▄   ▀▀▄   █▀  ▄█████▀▀
    ▀▀▄   ▀▀▄▄▄█████▀▀
       ▀▀▄   ████▀▀
          ▀▀▄█▀▀
▄▄▀▀▀▀▄            ▄▀▀▀▀▄▄
█▀▀▄   ▀▀▄      ▄▀▀   ▄███
█   █▀▄   ▀▀▄▄▀▀   ▄██████
█   █  ▀▀▄      ▄█████████
█   █     ▀▀▄▄██████▀▀████
█   █        ████▀  ▄▄████
█   █        █▀  ▄▄███████
█   █         ▄▄████▀▀████
█    ▀▄      ████▀  ▄▄████
 ▀▀▄   ▀▀▄   █▀  ▄█████▀▀
    ▀▀▄   ▀▀▄▄▄█████▀▀
       ▀▀▄   ████▀▀
          ▀▀▄█▀▀
[]|
Wesimon
Sr. Member
****
Offline Offline

Activity: 406


https://gexcrypto.io


View Profile
June 06, 2017, 07:24:17 AM

Why would it ruin a country?

If ever bitcoin became a currency of certain country, tax will be applied to it. Though bitcoin has a character of anonymousity but still the government wont allow such currency not to have tax from people. Since bitcoin doesn't require so cash or physical attributes it will be an advantage to the government to manipulate the income of the people easily.

             ███
     ▄▄▄▄▄   ▀▀▀
  ▄█████████▄
 ███▀     ▀███▄
███         ███
███         ███
 ███▄     ▄████
  ▀████████████
     ▀▀▀▀▀  ███
            ███
███▄       ▄███
 ▀███▄▄▄▄▄███▀
   ▀▀█████▀▀
gexcrypto
E X C R Y P T O

Global Trading Corp.
████
████
████
████
████  ████
████  ████
████  ████
████  ████
████  ████
      ████
      ████
      ████
      ████
YOUR COMPREHENSIVE CRYPTO TRADING PLATFORM
|       WHITEPAPER       |       FACEBOOK       |       TWITTER       |       ANN THREAD       |
████
████
████
████
████  ████
████  ████
████  ████
████  ████
████  ████
      ████
      ████
      ████
      ████
maxtra
Newbie
*
Offline Offline

Activity: 2


View Profile
June 06, 2017, 02:33:20 PM

No it can't

The value has fluctuation but it won't be able to ruin a country. I think so
wahb
Sr. Member
****
Offline Offline

Activity: 378



View Profile
June 06, 2017, 07:53:10 PM

Bitcoin can't ruin a country unless it was accepted as official country but I know it will not gonna happen. It is only a payment option in the internet to make transactions cheap and faster. Just take a look the positive side it brings, it can help the economy to betterment. It is now being use of many people and I can say that it will never destroy a country.
yes bitcoin is not going  to ruin a country, and specially if a country will consider it as legal currency. bitcoin is providing opportunities to people to make money from bitcoin and through this why it is increasing the economic condition of a country. for example in my country the economic condition is not as such satisfy, but now bitcoin is providing opportunities to people to change their own and their country economic condition.
thecryptoconsultant
Full Member
***
Offline Offline

Activity: 124

Check thecryptoconsultant.com for Newbie training


View Profile WWW
June 08, 2017, 03:03:14 PM

i don't know but i know that germany will probably get deep packet inspection. and we pay tax on all kinds of storage hardware because it could be for music and the like. following this logic you can expect a tax for downloading the bitcoin client. funny discussions to come..

Hi all!

This is a fun point mentioned by Noob22, This forum is global and when we talk about country we have different ideas in mind. I am actually preparing an article on the topic, I am European but I am quite familiar with the United states. The function of the state is totally different one to the other. Meaning that bitcoin or other privacy focused cryptocurrencies won't stop a country to do this regalian functions (US version of a State) but it can prevent the redistribution of wealth within a country (European vision of a State). 

It is also interesting that the current cryptocurrencies are backing the libertarians but there might be room for much more.

In preparation to this article I was reading some document issued by the European Union that was mentioning a license to mine bitcoin  Huh

To receive more information on the topic, please register to the newsletter at thecryptoconsultant.com

Victor

You want to learn more about Bitcoin but there is too much information available, but you don't have enough time, but you don't know who to trust, but you don't know which website is trustworthy. Come to thecryptoconsultant.com to get you started safely with Bitcoin!
matuson
Full Member
***
Offline Offline

Activity: 196



View Profile
June 09, 2017, 01:42:20 PM

Bitcoin can't ruin a country unless it was accepted as official country but I know it will not gonna happen. It is only a payment option in the internet to make transactions cheap and faster. Just take a look the positive side it brings, it can help the economy to betterment. It is now being use of many people and I can say that it will never destroy a country.
Actually bitcoin does not help the country. You can really create a system in which you will have to pay income taxes in bitcoins, but this is only one part of the problem. To a large extent the economy of a country sangsit from the regulator of the money supply. How it can be done with bitcoin. It's not real.

hawthelegend
Member
**
Offline Offline

Activity: 98


View Profile
June 09, 2017, 03:48:13 PM

A country's demise should not be blamed on bitcoins if ever it should happen coz it brings more than the opposite of what you are stating. Tax can be put on anything and if the government just does what is right their country would be much much more greater than what it is now. And they know it. Rhe thing is, they would completely lose control over a lot of things and they also know this, so that is why they try their best to avoid it, but in some countries, they understood already that they cant do shit to stop it for day by day, more and more people are getting into bitcoins and other crypto currencies. And if they still block it, it would raise ro many eye brows and could lead to various country problems. And rebellions can be considered as one.
fuer44
Full Member
***
Offline Offline

Activity: 196



View Profile
June 10, 2017, 02:44:35 PM

Maybe if there is already clear regulation from the government, bitcoin is safe and may benefit the country. Because there may be certain taxes from the government.

thecryptoconsultant
Full Member
***
Offline Offline

Activity: 124

Check thecryptoconsultant.com for Newbie training


View Profile WWW
June 10, 2017, 03:09:01 PM

But not all governments have regulations about bitcoin, France actually still considers it as a war weapon because its encrypted

You want to learn more about Bitcoin but there is too much information available, but you don't have enough time, but you don't know who to trust, but you don't know which website is trustworthy. Come to thecryptoconsultant.com to get you started safely with Bitcoin!
akar87
Sr. Member
****
Offline Offline

Activity: 294



View Profile
June 16, 2017, 02:17:23 PM

For this time, seems not yet negative or positive effect for a country, because the scale of its use still small. However, it may change if users or circulation bitcoin grows significantly.