Do you think Bitcoin can ruin a Country?

[sundul]

Well, I just thought, if bitcoin becomes a currency of one Country, maybe it can destroy that country? Think of it, Bitcoins do not have a tax, and tax is 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 actually make a country better if Bitcoin has been legalized in that country. And I think if Bitcoin is legal, then the Government of the country will charge taxes for Bitcoin. It is unlikely that Bitcoin will not be taxed by the state that has legalized it.

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[Kevinbind]

My humble opinion - Bitcoin will never be any cointry's main currency. Now we have enough examples (Venezuela, Sweden etc) of countries, who are developing (or just think about it, nevertheless) their own state crypto

[Edraket31]

My humble opinion - Bitcoin will never be any cointry's main currency. Now we have enough examples (Venezuela, Sweden etc) of countries, who are developing (or just think about it, nevertheless) their own state crypto

me too not seeing bitcoin as a tool to ruin one country, of course not when in fact the number of investors here who are earning are larger than those investors who are not earning, since earning is basically based on the way how we handle pressure and how to take the risk.

[arthur25]

It cannot be for politicians will plan about that on how to manage the entire peoples in the country who hope toward government. Before implementing one rules it could be smooth and everything must be manageable. People will support whatever the country's future most specially if it is all about regaining the lose spirit of success. That is my idea.

[tambok]

It cannot be for politicians will plan about that on how to manage the entire peoples in the country who hope toward government. Before implementing one rules it could be smooth and everything must be manageable. People will support whatever the country's future most specially if it is all about regaining the lose spirit of success. That is my idea.

You are right, it cannot ruin a county because bitcoin cannot be controlled by someone so there is no way that the government will control bitcoin too, the only thing that bitcoin's negative effect in the country is that it is a threat in the countries stock market because people may prefer investing in it rather that in stock market.

[Argoo]

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 a state does such a stupid thing that bitcoin recognizes as the only form of money in its country, then it is unlikely that the state itself will destroy it. In this case, the maximum, what it can lead to. it is the imbalance of the country's economy. Kryptovpljuta, in connection with its high volatility, can only walk in parallel with national money. Maybe in the future and something will change, but now cryptovplat can not replace conventional paper money.

[deppil]

My humble opinion - Bitcoin will never be any cointry's main currency. Now we have enough examples (Venezuela, Sweden etc) of countries, who are developing (or just think about it, nevertheless) their own state crypto

me too not seeing bitcoin as a tool to ruin one country, of course not when in fact the number of investors here who are earning are larger than those investors who are not earning, since earning is basically based on the way how we handle pressure and how to take the risk.

The possibility of bitcoin taking over a major currency in a country of almost 0%, what if many people in a country rely on bitcoins to hide their wealth and income to avoid taxes? surely if it was done by many people, it would be losing the country massively right ? seeing the greatest income of one country comes from taxes?

[malamjumat8]

I think bitcoin will not damage the country, let alone if it is legalized by that country. currently bitcoin can actually improve the economy of society in a country.

[Sithara007]

I think bitcoin will not damage the country, let alone if it is legalized by that country. currently bitcoin can actually improve the economy of society in a country.

Bitcoin as of now plays only a minuscule role in the world economy. So we can't say that it has the capability to improve the economic outlook of a particular country. In limited amounts, it can be beneficial to the country in the form of increased tax revenues and employment.

[cotton ball]

if they can not afford to ban it, then please embrace it in strict rules, they should be applied because bitcoin is closely tied to technological innovation, all that is seen as a positive majority innovation will determine their value in the eyes of the world.

if bitcoins can be included as a means of payment legitimate, then development and all things related will find its purpose, no need to fear inflation because bitcoin is not the main currency. they are just alternatives and their use should be closely watched by them.

[Ridwan Fauzi]

if they can not afford to ban it, then please embrace it in strict rules, they should be applied because bitcoin is closely tied to technological innovation, all that is seen as a positive majority innovation will determine their value in the eyes of the world.

It will be difficult for the government to closely monitor the development of bitcoin in the country. They will not take a risk of receiving bitcoin, and bitcoin is hard to control because it is decentralized and anynomous. In other words if they need digital currency for a payment then government will make it with a centralized system.

if bitcoins can be included as a means of payment legitimate, then development and all things related will find its purpose, no need to fear inflation because bitcoin is not the main currency. they are just alternatives and their use should be closely watched by them.

Indeed, if they accept bitcoin as a means of payment, and not the main currency government still will be afraid of inflation. Keep in mind, bitcoin is not just as currency but as digital asset or function more than currency. The price is volatile, with the instant it will rise drastically this can cause inflation for a country. The national currency does not have volatile properties, it just moves slightly differently from bitcoin and other cryptocurrencies.

[QuynhVu2302]

I do not think so. If the bitcoin was legalized by the government, then it would have taxed. All activities on money that are managed, will have terms with it

[chel0]

Bitcoin cannot ruin the country but it is going to play a major role in the world because of already G20 national conference issues well thought about their interest towards cryptocurrency. I think most of the countries are supporting the Cryptocurrency as legal.

Right mate. It can't ruin the country instead it can help the people in the country. Our regular currency remain as it is so there's no way that bitcoin can affect our economy or can destroy one's country.

[Popartoff]

Fiat money are very hard to kill, countries will use it for a long time, but bitcoin can be a great alternative in some spheres of life. I am not talking about killing the country, the impact of cryptocurrencies will be 100% positive

[tatox]

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 that's depends because there are to much variables and some countries have legislation's over this new technologies so far. 

[KorakPawon]

I think yes, bitcoin could damage the country, beginning with its reconstruction, when bvitcoin is rampant among a country's people, the state's money will be replaced by bitcoin, and I think that's a very big problem

[JC btc]

I think yes, bitcoin could damage the country, beginning with its reconstruction, when bvitcoin is rampant among a country's people, the state's money will be replaced by bitcoin, and I think that's a very big problem

Adding to that, I think that big damage that bitcoin can do is that many investors will swift their investment that rather than investing in some stock market in the country they will pull out and would just invest in cryptocurrency because they will find it more profitable.

[Katosh]

I think bitcoin will not damage the country, let alone if it is legalized by that country. currently bitcoin can actually improve the economy of society in a country.

on my opinion, blockchain technology can damage the country (on some time)... most of countries have centralised system and its too hard to change it on 100%, so... anyway - decentralised system is cool and it have right to exist in our lives

[sheenshane]

I think bitcoin will not damage the country, let alone if it is legalized by that country. currently bitcoin can actually improve the economy of society in a country.

on my opinion, blockchain technology can damage the country (on some time)... most of countries have centralised system and its too hard to change it on 100%, so... anyway - decentralised system is cool and it have right to exist in our lives

Are you sure that blockchain technology can damage the country?
There some country using blockchain technology because it has the fastest transaction compared to any online transactions.
One thing that government refusing bitcoin or other currencies because it is decentralized and there's nothing to do with manipulated these cryptos. So, some of them decided to ban due to avoid near in the future that bitcoin may compete with the bank near in the future, and those maybe ruin in most countries.

[Edraket31]

I think bitcoin will not damage the country, let alone if it is legalized by that country. currently bitcoin can actually improve the economy of society in a country.

on my opinion, blockchain technology can damage the country (on some time)... most of countries have centralised system and its too hard to change it on 100%, so... anyway - decentralised system is cool and it have right to exist in our lives

Are you sure that blockchain technology can damage the country?
There some country using blockchain technology because it has the fastest transaction compared to any online transactions.
One thing that government refusing bitcoin or other currencies because it is decentralized and there's nothing to do with manipulated these cryptos. So, some of them decided to ban due to avoid near in the future that bitcoin may compete with the bank near in the future, and those maybe ruin in most countries.

That is right I don't think that the blockchain will ruin a certain country when in fact it is giving a transparent with those things happening in the whole cryptocurrency. So for me, blockchain should not be an issue at all. The issue should be how government will treat bitcoin.