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Author Topic: Do you think Bitcoin can ruin a Country?  (Read 25466 times)
Tahid12
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October 28, 2017, 04:03:27 PM
 #281

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
 #282

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
 #283

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
 #284

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
 #285

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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November 04, 2017, 12:44:52 AM
 #286

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
 #287

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
 #288


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
 #289


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
 #290

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
 #291

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.

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

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
 #293

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
 #294

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
 #295

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
 #296

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
 #297

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
 #298

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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November 08, 2017, 05:44:11 AM
 #299

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?

Fiat currency can build and can destroy a country in which the same with bitcoin currency. Bitcoin can help the country to become progressive but still it can destroy too if it will use in illegal activities such as smugling, drugs, guns and explosives by the bad people therefore in order that bitcoin will not be use in these illegal purpose it is better to regulate it prior legalizing it to ensure that bitcoin can serve in good purpose.

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November 08, 2017, 06:46:33 AM
 #300

Bitcoin will certainly not destroy or ruin a country. FIAT is and will always have the bigger impact on world economy and there will be ways of regulations in the future IF bitcoin becomes mainstream. At least thats what I think.
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