Do you think Bitcoin can ruin a Country?

[Kromoshom]

I think at least it will not damage, it may help finance in the country, but the use of currency in the country will be less, because bitcoin digital currency has now ease in terms of trade, online shopping and more.

[Voevoda]

I don't think that Bitcoin can ruin a Country. I think & believe that Bitcoin is future money, it's have bright future over the world. Look, we live in a digital World, so we need digital money like Btc. I think Bitcoin is a blessing for us.

Hope, Bitcoin will be legalized all countries of this Universe. Just Calm Down.

not everything is so simple, the management of money for the state is the sovereignty of the encroachments of other countries. after the introduction of bitcoin as a means of payment, some countries may become bankrupt.

[Faeton]

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?

In fact, bitcoin and other crypto currencies are quite taxable and in many countries such taxation is already working successfully. The leader in this is Japan.
Bitcoin can not cause significant, harm to any state, if it goes along with the national money of this state. I do not think that any state recognizes bitcoin as the only currency in its country. Then bitcoin simply dereges the economy of the country, but the state does not fall apart.

[MuffinMaster]

Ruin? Not, if goverment will finally see that there is potential in making bitcoin legal and there are some chances to make profits from it bitcoin won't ruin the country, there are lots of ways to make crypto good as well as money is nowadays or even better.

[heavenknows]

No! Bitcoin will help a country. Why? because it is bringing us a one of a kind innovation which is called blockchain technology. This solves a lot of problems in our current situation as well as it gives the best outcome for any countries who are using it

[budiarmed]

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 the existence of bitcoin can help the economy of a country, with the bitcoin of society in the country can earn income and can help improve the economy.

[Carrelmae10]

..yeah,,definitely,,if this happens,,that country will going to have a big struggle in their government..but this will just going to happen if they will allow Bitcoin to be their fiat currency..but it seems that bitcoin will become very helpful to the users of it because there are many benefits that bitcoin gives to everyone..so i think that bitcoin will not going the country ruin..

[Girlsbit]

The government itself can earn on bitkoin, as it can destroy the country.

[frankiemalton]

I do not think, I think bitcoin has not ruined any country. On the other hand, bitcoin help jobless people to earn money because you also can earn money by using bitcoin.

[Zohina]

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 state income is not only from the tax alone, if we look at a lot of state income such as taxes from income, taxes from the earth and buildings, taxes from excise, etc. so the country still has a huge source of income, and the currency krypto is very potential to be the currency for the future, through the digital age such a possibility is very likely realized in the not so long.

[KorakPawon]

but it seems that it is not possible, because if the state does not have taxes everything would have stalled, what would happen if the country if no taxes might be destroyed, if the state is destroyed yes the effect must be to the citizens, but if someday bitcoin become legal stay silent.

[Umkar]

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 capable of destroying the country in any way. This is just a special kind of virtual money, which, moreover, is used as a speculative means of accumulating value. If bitcoin will be used along with national paper money, then they will complement each other. The main thing is that bitcoin does not recognize, as it is written here, the only currency of the country. I think that before that no one will guess. In this case, bitcoin can disregard the economy of any state, but vseravno it will be able to recover. A bitcoin may well be taxed, in some countries it has already been successfully done.

[HaniBaloch]

i don't think so because bitcoin is very high quality currency that can help the country's economic more strong and powerful.....

[dark1234]

this is not possible ..... bitcoin and crypto can not replace money in its role, bitcoin is only part of the transaction tool that can not reach all aspects like fiat money while cryptocurrency is supporting the success of a project or company by using digital world which more reach all and facilitate in all project development access

[Zohina]

Why would bitcoin ruin a country if it becomes its currency? No leader in a country in his proper thinking would allow bitcoin to be used as its main currency and not being taxed... It's simple as that, when it becomes a currency, then it will be regulated, besides, if you buy items using your bitcoin ( if it is already your currency ) there is already a tax in it, services too, taxes are in it...

So it can't ruin a country... Leaders will always look at its country's future before trying out new things...   :)nf

I strongly agree that the currency of cryptocurrency can be the currency of a country, especially bitcoin, because of the easy transfers between countries and the speed of transactions, it is very influential in the world of commerce, I think many heads of state have thought of that potential, especially developed countries trading very fast and globally. About the tax regulation bitcoin itself is likely in the future can definitely be in taxes.

[Frederickkk]

Personally, I think that Bitcoin can not ruin a country, only Human can do that. Bitcoin have impacted positively in your life. And help you to increase the possibility of earning money

[KrishaBitcoin]

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?

A certain country that will adapt Bitcoin and declared it legal can fully benefit of Bitcoin tax thru regulations in which all of their local exchanges could apply tax on every transaction of Bitcoin to fiat conversion and i strongly believed that with the power of regulation then Bitcoin cannot ruin a country because it will forbid any illegal person to use Bitcoin with the help of KYC.

[danyakotletkin2018]

The government will in any case find an opportunity to swim and take taxes or something else from citizens.

[Temujhin]

indeed in a currency crypto in a country can facilitate finances in terms of coin investment and shopping is easy, just for taxes in coin it does not exist, then the government in that country must act because the tax in the allotment for the country to be more developed and good if not the state it could be ruined

[Amanda Green]

I do not believe that it could happen. I think that Crypto opens so much more options to invest and support cool projects. I am working in the field of insurance and finance and I have found a really good Token Sale - Socratus.  It is a digital platform for insurance companies. So any insurance company can connect the platform to become the part of Insurance Digital Ecosystem. They are aiming to create a win-win insurance whereby you get instant claim payment,  fair and transparent dealing and friendly prices. I think this is really cool and it seems like an innovative and demanded project.