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Author Topic: Do you think Bitcoin can ruin a Country?  (Read 24780 times)
Mahanton
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October 28, 2017, 02:24:16 PM
 #281

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 if that ever happens that bitcoin becomes a currency of a country then there will be certain rules over its trading and of course the taxes will be implied according to the earnings . Even the govt. would know about this thing so they will work on this issue before making bitcoin its currency .
But we dont forget on the fact that we cant still be sure if those people who do have bitcoin holdings would really be responsible enough to pay up their taxes and also not all people would really make use of those trading local sites which tax would be impose.Come to think off on those transactions outside of those area? People wont really bother at all and this is really the disadvantage.

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Tahid12
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October 28, 2017, 03:56:56 PM
 #282

Of course not. Nowadays Bitcoin is so popular,  people trust and support it. I don't think that   Bitcoin  can ruin a country...
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October 28, 2017, 04:03:27 PM
 #283

Besides Bitcoin plays an important role of our life including me also. Bitcoin helps us a lot to earn and change economical condition of a country.  So how can Bitcoin ruin a country  Huh
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November 03, 2017, 06:03:32 PM
 #284

I think Bitcoin can not destroy any country but save the country from destruction. Currently, the state of a country can increase economically through Bitcoin.It is said that Bitcoin is a blessing for everyone.

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November 03, 2017, 06:05:50 PM
 #285

Bitcoin has been misinterpreted all over the world . It is totally agreed that bitcoin if introduced in a country as a legal currency can totally change the financial procedures of a country but there is also an another side to it .
If bitcoin is introduced  and legalized in a country it will provide tremendous job opportunities to the people and will also increase the level of all over economic growth of a country .  All these facts are ignored my most of the people  . The only concern is that bitcoin will not leave any option for the government to keep check on the transactions i.e it will not be a centralized system.

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November 03, 2017, 10:48:25 PM
 #286

I don't think a country would let that happen to push it to that point. They have to collect taxes somehow.
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November 04, 2017, 12:42:54 AM
 #287

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 guess you have some point there, but can't you see that bitcoin can also make a certain country a "good one" you were talking about. Our Governments controls the country and also us people, but yet sometimes it still isn't good because some of them are thiefs, anomalistic, and shouldn't be trusted. Sometimes taxes doesn't actually help people but the one who controls it itself. And if bitcoin colonized their positions there will be a big change that I think would be better than before.

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Ethminer2x
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November 04, 2017, 12:44:52 AM
 #288

Yep, bitcoin it now bring to many billionaires people to my country.
Hehe that isn't ruin but I lost some friends because they're too rich now

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November 04, 2017, 05:32:41 AM
 #289

Yes For Me it is Possible We Know that This days Third World Countries are Adopting Bitcoin in to It's Respective Place, Yes, We know That in Bitcoin it is Tax Free. What I am Really concern of is The Government officials who are Corrupt, if Bitcoin will be regulated in Different Countries and Politicians are corrupts then It Will not be A good Teamwork. If corrupt Government Officials Take care of Bitcoin, if it is implemented in the Right time, then it is not just only the country will be ruin but also it's Neighbors.

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November 05, 2017, 01:04:05 AM
 #290


I think no, because bitcoint is very useful for countries and companies, and make bitcoint as a means of payment.

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November 05, 2017, 10:21:42 PM
 #291


for the moment possible, bitcoint has not been made as a means of payment. if in a country used as currency, it will make the user of bitcoint easy to transact ... and will not make the country lose ...
 

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November 05, 2017, 11:00:32 PM
 #292

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?
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November 06, 2017, 05:06:13 AM
 #293

Yes, bitcoin can destroy a country, because bitcoin can destroy the value of a country's currency. If bitcoin is formally selected by people in a country then the value of the country's currency will down drastically and can destroy a country's economy.

The Cryptologist
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November 06, 2017, 07:04:03 AM
 #294

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?

Aren't you aware that all these taxes that came from hardworking workers are just robbed easily by corrupt officials?
Bitcoin will make it hard for these bastards.

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November 06, 2017, 09:01:55 AM
 #295

Good question right there  Smiley Shocked Huh it could lead to an imbalance in a country's economy if BTCs or other/alternate cryptocurrencies are used regularly for transactions of goods and services. But you can't say that it isn't possible for the government/s to  make a tax system for cryptocurrencies, once locally or even globally economically used right?  Wink

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November 06, 2017, 09:53:29 AM
 #296

I don't think that bitcoin can ruin any country... It doesn't belong to any country, it breaks borders between them.
So I think that bitcoin makes people from different countries closer to each other


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November 06, 2017, 10:07:44 AM
 #297

i think its NO! beacause bitcoin totally bring help for us to make better life and also it takes more opportunity and ease to save money..  Smiley Smiley

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November 06, 2017, 10:24:14 AM
 #298

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.
Yeah, and talk 'bout devices that we use to handle our accounts, which everyone can't access due to lack of physical currency, which makes them inaccessible to cryptocurrencies at least.  Smiley

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November 07, 2017, 12:12:39 PM
 #299

I think, if a State will make major money points as bitcoin and has no lease, it will be able to destroy. and if the bitcoin only for money DIGITAL, I think it would be fine and be nice

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November 07, 2017, 10:09:16 PM
 #300

I don't think that bitcoin can ruin any country... It doesn't belong to any country, it breaks borders between them.
So I think that bitcoin makes people from different countries closer to each other

With bitcoin's greater impact to the lives of the people who wanted freedom, I guess that's not an approriate statement that bitcoin could ruin the country. But the real scenarion here, is we should understand proper specific impression of decentralized currency is always separated with a centralized currency. Fiat paper currency has its own economy which all countries been using for a long time, but if you compared it to digit currency it's more like a growing business that involves a trading platform like buying and selling.

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