Do you think Bitcoin can ruin a Country?

[Nick Abimanyu]

If our country doesn`t collect taxes, we will be more damaged even (sorry) for never obey tax. Of course the wheels of government can`t run in accordance with its function, development will never happen, and welfare is far from wishful thinking.

[1714801358]

1714801358

[1714801358]

1714801358

[1714801358]

1714801358

[EtihadBitcoin]

If it were a currency in a country right now it would be ruined.

Now I know what Venezula with their boliar money is feeling like when they lose more than 35% of it's worth in less than a month.

All because of an oppose currency that wants to over rule their own currency.
Named BitcoinCash.

[RedX]

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?

You are worrying about the tax? Because here in our country, the taxes that is collected by the government doesn't really go to useful projects but go to corrupt officials instead. Bitcoin will remove the old ugly way so it will not ruin a country.

[Twentyonepaylots]

yes it can destroy a country especially when used by the wrong hands, bitcoin is a very versatile currency meaning it can fluctuate endlessly in only one day, imagine a country that only used bitcoin as their main currency and bitcoin decided to skyrocket its value downward it will be an instant fall of economy.

[3angel84]

i dont think so that bitcoin can ruin a country, bitcoin for me is a big chance and opportunity to the people who want to have a better life. i think on tne third generation the vertual world become very popular so on that time maybe bitcoin are legalize.

[Rupok]

Bitcoin is not a country that is destroyed. It can help protect the country economically from destruction. At present, Bitcoin is considered economically the asset of the country.
Economic status can be a good way to increase.

[Carmen01]

Here in bitcoin we can earn money that you can't imagine if you do hardwork and its good to think.The only problem here is someone use this bitcoin as a scam tools or they do scam other and they use bitcoin.I think a lot of scam site here is in online world and i think its more on bitcoin because this is a digital money

[1BTC EQUALS 1CAR]

It could only happen if some people or organized groups' real intention is to bring down btc.They are going to use btc in huge drug deals, money laundering, ransom and other criminal activities where btc can be used. Bitcoin was never made to ruin a country but if  you are going to use it for bad cause then it is just simple than it also leads to bad effects.

[ivanst776]

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?

You are worrying about the tax? Because here in our country, the taxes that is collected by the government doesn't really go to useful projects but go to corrupt officials instead. Bitcoin will remove the old ugly way so it will not ruin a country.

It cannot ruin a country although it can make a country prosperous and happy by helping the citizens to earn good amount of money and meet their financial needs even when they are not at a regular job. Secondly it is providing good projects for investment and gives a high output, it is easy to be transferred and the taxes applicable are very low, it is rewarding the generation with multiple benefits

[Tapyaks72]

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?

You are worrying about the tax? Because here in our country, the taxes that is collected by the government doesn't really go to useful projects but go to corrupt officials instead. Bitcoin will remove the old ugly way so it will not ruin a country.

It cannot ruin a country although it can make a country prosperous and happy by helping the citizens to earn good amount of money and meet their financial needs even when they are not at a regular job. Secondly it is providing good projects for investment and gives a high output, it is easy to be transferred and the taxes applicable are very low, it is rewardg the generation with multiple benefits

In every  country have their own currency you  cannot directly used other currency to pay or transact business directly should first convert it with your local currency .like also with Bitcoin their should be Bitcoin exchanger that transform Bitcoin into local  currenc y in  that point were government can implement taxation , If  many bitcoin coming in the govern will prosper.

[Habakkuk77]

Bitcoin will not going to ruin our country but it will be very helpful and it has good advantages for investors. It will also develop our country to grow economically.
Tax today is being corrupted by the governments, that why is bitcoin is a chance for the citizens to improve and earn money.

[Sithara007]

If a lot of people use Bitcoins for hiding their wealth and for tax evasion, then in turn the tax revenues can get reduced and the country can get financially ruined. It is up to the authorities to make sure that such incidents doesn't happen. But at the same time, honest Bitcoin traders who pay their taxes regularly should not be harassed by the authorities.

[RaymanC.]

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?

How can Bitcoin ruin a country? If ever bitcoin will be used as the global currency authorities may find ways on how to compensate their loss from taxes.

[`frankhowe]

Bitcoin will not ruin a country it may help it's economy instead. Imagine what bitcoin can give a country.

[bryanabla]

I'm curious to see what countries are planning on doing with bitcoin and crypto in general. Glad to see countries like Switzerland being progressive. We will see in a few years.

[joesan2012]

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?

Nope this will never happen, Bitcoin cannot ruin anyone's country as long as it will never be used as money laundering. For your question regarding tax and how it will take place , yes perhaps they cant regulate bitcoin because of being decentralized, but they can build and regulate exchanger which every transaction fees has corresponding taxes. This how they will get taxes. Infact bitcoin will also help the progress of economy of the country which help every transaction much easier by the use of network.. So we don t to need condemn bitcoin in other place , we need to be globalize.

[GalahadSeika]

Of course bitcoin can ruin and make a country I will tackle first about my opinion in terms of the ruin a country. It can ruin a country by force closing all the other local banks in that country due to the conversion of peoples money into digital money or changing it into cryptocoins. It make a country by creating employment for countless people, develops new market, introduces the era digital money, generates new sources of money, brings social benefits to people and etc.

[Shamburis]

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 cannot destroy our country even if i am just starting this forum bitcoin can save our taxes and save our goverment from corruption.

[kevpantof]

Bitcoin is not a country that is destroyed. It can help protect the country economically from destruction. At present, Bitcoin is considered economically the asset of the country.
Economic status can be a good way to increase.

Agreed. It is not for destruction rather is for construction, bitcoin helps a country to strengthen the economy and do some betterment in the policies so that the mass can also enjoy the resources of the country, it helps a country to reduce unemployment to some extent and make the mass able to earn money even when they are deprived of a regular job

[tientien333]

Do you think bitcoin can ruin a country
In my opinion, bitcoin can not ruin a country, it helps investors increase their income, although bitcoin is not taxable but it helps to increase the economy of a country.
It helps many people make a lot of money, which is a chance for many people