Do you think Bitcoin can ruin a Country?

[ecnesa101]

In my opinion bitcoin is not gonna ruin a country but bitcoin will help the economy of a country with giving more benefits to people then they use bitcoin in daily life but this is not yet realize by government or they known before. its like using fiat in a country but we have more benefits that we can use it in many places in other country. In this world many people didn't know bitcoin like urban areas who don't have internet ..

[konteskarlo]

It's the next step to our technology and improve the economy so do not believe those FUDs that surrounding btc that they are just used to help drugs dealing and money laundering easy because it's not totally anonynmous.

[VeronAncient]

yes. In my opinion, if everyone in the country uses digital currency as a means of transactions and investments, then physical money is no longer needed and banks are no longer needed to save money. so that will lead to bankruptcy in the financial services company. so that the country's economy will be unstable and cause big problems.

[apelopus]

yes. In my opinion, if everyone in the country uses digital currency as a means of transactions and investments, then physical money is no longer needed and banks are no longer needed to save money. so that will lead to bankruptcy in the financial services company. so that the country's economy will be unstable and cause big problems.

Actually, financial services will more likely adopt to bitcoin. Heard that in South Korea they got special bitcoin cash machines installed.

[apelopus]

More interesting question: can state-developed crypto currency destroy the country? Nowadays a huge number of developing countries (Iran, Venezuela, Russia (in process), Argentina) and even cities (Seoul) are now working on or launching their own crypto.

[jerix]

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 do not think Bitcoin will ever damage a country. But it is basically many countries that do not like and prohibit Bitcoin in his country. For me, Bitcoin has been very helpful to its users and now the life of people who rely on Bitcoin is much better than before. If Bitcoin is indeed legalized in those countries, I'm sure Bitcoin will definitely be taxed. It is unlikely that the Government will not take taxes on Bitcoin because it will certainly be detrimental to the Government as well.

[jgaltt]

More interesting question: can state-developed crypto currency destroy the country? Nowadays a huge number of developing countries (Iran, Venezuela, Russia (in process), Argentina) and even cities (Seoul) are now working on or launching their own crypto.

Couple of days ago found a related thread on the topic. I believe that if a democratic country uses it, it's totally fine. It always depends on what purpose of launching ICO they have. In case of Venezuela, it's just electoral propaganda campaign, but other cryptos have a chance
The thread I talked about: https://bitcointalk.org/index.php?topic=3616581.new#new

[Lehbane]

As of now we don't here or see some news saying about country that was affected very much because of Bitcoin in a negative way, tax about crypto is now being implemented to tax every private investor who are earning much and not paying their tax.

[Mentari78]

That could damage the country not a bitcoin, but human. Bitcoin is an investment-shaped platform can make money. Many of the facilities that exist in the bitcoin easily we can use.

[NavishaKhairin]

I do not think bitcoin will destroy a country, but it gives people a chance to invest and trade, so bitcoin can be a good tool for improving the status of an economically viable country although not legally acceptable.

[tambok]

I do not think bitcoin will destroy a country, but it gives people a chance to invest and trade, so bitcoin can be a good tool for improving the status of an economically viable country although not legally acceptable.

It cannot destroy it, some banks and the government are just over reacting that bitcoin can ruin the country when in fact crytorcurrency plays a big role in our life right now that it can actually change everything, the lifestyle of people, helping them to have a better income and financial freedom.

[Aghnar12]

yes i think so. btc is stronger and stronger

[BTCeminjas]

I do not think bitcoin will destroy a country, but it gives people a chance to invest and trade, so bitcoin can be a good tool for improving the status of an economically viable country although not legally acceptable.

It cannot destroy it, some banks and the government are just over reacting that bitcoin can ruin the country when in fact crytorcurrency plays a big role in our life right now that it can actually change everything, the lifestyle of people, helping them to have a better income and financial freedom.

We all know that bitcoin brings us a good future that the reason some people keep embracing on bitcoin even though there's a FUD news trying to destroy bitcoin. Well, bitcoin did not destroy country beside it is a big help to the people who in need financial support. The only thing that who hate bitcoin is government, they think that bitcoin near in the future is their big competitor.

[coin_1122]

I do not think bitcoin will destroy a country, but it gives people a chance to invest and trade, so bitcoin can be a good tool for improving the status of an economically viable country although not legally acceptable.

It cannot destroy it, some banks and the government are just over reacting that bitcoin can ruin the country when in fact crytorcurrency plays a big role in our life right now that it can actually change everything, the lifestyle of people, helping them to have a better income and financial freedom.

Banks are most jealous one in this world because already everybody knows Bitcoin will change the economic growth and the payment systems in a different way. Why don't Banks itself initiate Bitcoin buying and selling them? The government should bother economic growth and future payments system in a different and in an easy way.

[fileo]

It wouldn't ruin the country rather it helps the country's economic growth. No tax no problem because before the government think about that the bitcoiners lives possibly much better than without bitcoin. Government must be contented by what the good change of the citizens life. That's the important.

[Simone18]

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.

Absolutely right mate ,bitcoin is providing so great opportunities to individual that is why I am wodering why there are people making false statement and hate bitcoin. If they study well about btc it will give them a chance to earn and increase life status.

[VeronAncient]

yes. In my opinion, if everyone in the country uses digital currency as a means of transactions and investments, then physical money is no longer needed and banks are no longer needed to save money. so that will lead to bankruptcy in the financial services company. so that the country's economy will be unstable and cause big problems.

[Sandeep24]

Bitcoin is not ruin a Country because Bitcoin can provide full of opportunity for a Country to buildup its infrastructure and economic fastly. That's way various countries are allowing Bitcoin directly.

[xandra]

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 mate,Bitcoin gives people a big chance to increase their status in life and if ever bitcoin will be legal in all countries the government will difenitely make or do a serious step so that bitcoin will not be used in illegal matters.

[Magic Sarap]

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?

Oppositely, bitcoin provide a lot of opportunities to all the people who are investing here. They have a chances to make their life become more higher than to what status their facing now. To all the students who investing here. Apparently we should say it as a life saver and helpful.