BTC STRATEGIST
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April 30, 2017, 10:44:59 AM |
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No state currently accepts Bitcoin directly as payment for taxes. However, it's clear that the idea is garnering some interest. In addition to New Hampshire, the state of Utah (maybe not-so-coincidentally the home of Overstock.com) is exploring the idea. This year, Utah State Representative Marc K. Roberts (R), introduced H.C.R. 6, Substitute Concurrent Resolution on Payment Options for State Services which proposes the creation of a Council on Payment Options for State Services to study whether and how the state could accept Bitcoin as a valid form of payment. Included in the list of potential services, via the Office of the State Treasurer and the State Tax Commission, would be the payment of taxes.
For now, most of these ideas are still exploratory - but not so far-fetched. In a recent poll for The Wall Street Journal’s MoneyBeat blog, a whopping 83% of respondents indicated there is a future for cryptocurrencies such as Bitcoin. Whether that future includes a payment option for your taxes remains to be seen.
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BeGoods
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Activity: 1372
Merit: 1008
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April 30, 2017, 01:31:27 PM |
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You ask how? Well if bitcoin becomes a centralized currency the corporate overlords can use it to gain profit to their people. Why would they legalize it if they can't gain anything from it?
Yeah if bitcoin can be centralized and provide benefits to governments such as taxes and governments can monitor user activity in bitcoin. Of course the government will not mind to legalize bitcoin
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boyptc
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May 01, 2017, 02:16:55 AM |
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We don't have to push to our governments the usage and adoption of bitcoin. We just need to keep on using it because in the end they are going to voluntarily accept it once they are seeing a lot of good things that bitcoin can contribute to our society. And what is happening now there are some countries that are accepting it.
Perhaps, not many governments are able to take advantage of technology from bitcoin due to technological limitations owned by the country. Many things we can do to show bitcoin for the better, but, it depends again from the government to accept it or not. But I'm really sure that someday bitcoin will be accepted. That's another hindrance for those countries that are aspiring for their growth. But as long as they are going to see a great advantage that they are going to get from it, for sure that is going to be helpful to them. And they are the ones that will volunteer for the adoption of bitcoin, because they know that is beneficial for them.
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Raven91
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May 01, 2017, 04:38:54 AM |
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When your saying to the government to accept bitcoin it is impossible to do that you need to change the whole system and features of bitcoin has but in what you are saying it is about the company and partnership that bitcoin has it will be acceptd in many company in the future.
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Wandering Soul~
Sr. Member
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Activity: 406
Merit: 250
Wolf
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May 01, 2017, 04:50:35 AM |
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We don't have to push to our governments the usage and adoption of bitcoin. We just need to keep on using it because in the end they are going to voluntarily accept it once they are seeing a lot of good things that bitcoin can contribute to our society. And what is happening now there are some countries that are accepting it.
Perhaps, not many governments are able to take advantage of technology from bitcoin due to technological limitations owned by the country. Many things we can do to show bitcoin for the better, but, it depends again from the government to accept it or not. But I'm really sure that someday bitcoin will be accepted. That's another hindrance for those countries that are aspiring for their growth. But as long as they are going to see a great advantage that they are going to get from it, for sure that is going to be helpful to them. And they are the ones that will volunteer for the adoption of bitcoin, because they know that is beneficial for them. That's too simple . Governments will not just accept something without considering its disadvatages and risks because wrong changes can harm not only them but the whole people that's why they are cautious . Honestly, As long as they don't ban bitcoin, it will not be a problem if they don't recognize bitcoin . But just like what everyone is saying every country has its view on bitcoin, Some will accept it some will not .
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boyptc
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May 01, 2017, 02:03:08 PM |
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We don't have to push to our governments the usage and adoption of bitcoin. We just need to keep on using it because in the end they are going to voluntarily accept it once they are seeing a lot of good things that bitcoin can contribute to our society. And what is happening now there are some countries that are accepting it.
Perhaps, not many governments are able to take advantage of technology from bitcoin due to technological limitations owned by the country. Many things we can do to show bitcoin for the better, but, it depends again from the government to accept it or not. But I'm really sure that someday bitcoin will be accepted. That's another hindrance for those countries that are aspiring for their growth. But as long as they are going to see a great advantage that they are going to get from it, for sure that is going to be helpful to them. And they are the ones that will volunteer for the adoption of bitcoin, because they know that is beneficial for them. That's too simple . Governments will not just accept something without considering its disadvatages and risks because wrong changes can harm not only them but the whole people that's why they are cautious . Honestly, As long as they don't ban bitcoin, it will not be a problem if they don't recognize bitcoin . But just like what everyone is saying every country has its view on bitcoin, Some will accept it some will not . There might be risk and disadvantages it's always together with something that is going to give them an advantage but they need to give some appropriate another solution when they are able to face that disadvantage and risk that they are aware of. And also another thing is when someone is already using it to their country that's fine.
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Taki
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May 01, 2017, 02:07:34 PM |
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We don't have to push to our governments the usage and adoption of bitcoin. We just need to keep on using it because in the end they are going to voluntarily accept it once they are seeing a lot of good things that bitcoin can contribute to our society. And what is happening now there are some countries that are accepting it.
Perhaps, not many governments are able to take advantage of technology from bitcoin due to technological limitations owned by the country. Many things we can do to show bitcoin for the better, but, it depends again from the government to accept it or not. But I'm really sure that someday bitcoin will be accepted. That's another hindrance for those countries that are aspiring for their growth. But as long as they are going to see a great advantage that they are going to get from it, for sure that is going to be helpful to them. And they are the ones that will volunteer for the adoption of bitcoin, because they know that is beneficial for them. That's too simple . Governments will not just accept something without considering its disadvatages and risks because wrong changes can harm not only them but the whole people that's why they are cautious . Honestly, As long as they don't ban bitcoin, it will not be a problem if they don't recognize bitcoin . But just like what everyone is saying every country has its view on bitcoin, Some will accept it some will not . Well, actually it's not the first time when government takes wrong decidion. We have many examples from the history. Sometimes only the practice shows how the decidion accepted on the government's level is working not good. I think accepting bitcoin so fast will show in future all minuses if such decidion.
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CuriousGeorge
Sr. Member
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Activity: 1498
Merit: 251
KUWA.ai
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May 01, 2017, 02:08:58 PM |
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When your saying to the government to accept bitcoin it is impossible to do that you need to change the whole system and features of bitcoin has but in what you are saying it is about the company and partnership that bitcoin has it will be acceptd in many company in the future.
it's possible, everything is possible, government is not that fool to change the system but make bitcoin alternative
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witsie
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May 01, 2017, 02:16:59 PM |
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hah .. government is country (national state) ... that is traditional and tribal .... they will meet at international and their corporations at global ... our chances are slim to join universal over internet and cryptos to slam the fiats .... only god a help us .. to step forward to divine universalism ... by creating our secular god with his zillion in the divine providence in experience fund and trickling down to us 10 000 $ per person per year and paying 37% of nations gdps to governments to release us from taxing ... have good day .... stick to my sites .. lol .. i am not george washington .. i am zik zikalkis ... lol
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Zazzu
Sr. Member
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Activity: 518
Merit: 256
Living the truth....
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May 01, 2017, 09:22:19 PM |
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Governments will never accept bitcoins and will never support them as its an threat to their financial system and they very well know that if they make bitcoin legalised then it will be an end of their corrupted activities.
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TTMNewsK
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May 01, 2017, 10:22:15 PM |
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The government will accept bitcoin if bitcoin will just become centralized and the transaction will be regulated by the government. These are the things that won't gonna happen so easily coz we all know that bitcoin is designed to be decentralized.
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batang_bitcoin
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May 01, 2017, 10:40:09 PM |
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Governments will never accept bitcoins and will never support them as its an threat to their financial system and they very well know that if they make bitcoin legalised then it will be an end of their corrupted activities.
Very opposite on what I believe, the government will accept bitcoin, you just don't know what is reason of the price increase right now. They are going to support it just like what Japan did and if I can remember, Switzerland's central bank is trying to adopt it too and will use it for their banking services, other countries will accept it very soon.
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Kray
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May 01, 2017, 11:40:23 PM |
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The government will accept bitcoin if bitcoin will just become centralized and the transaction will be regulated by the government. These are the things that won't gonna happen so easily coz we all know that bitcoin is designed to be decentralized.
Yeah and more problem are, 1. tax 2. credit checking Most of ppl will support if goverment will accept bitcoin, but they wont follow goverments regulation
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AUDREY23
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May 02, 2017, 12:15:16 AM |
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The government in my opinion they will accept bitcoin if this things will become centralized, and transaction will be regulated by the government.
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genos
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May 02, 2017, 12:34:00 AM |
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The government in my opinion they will accept bitcoin if this things will become centralized, and transaction will be regulated by the government.
I think government will still accept bitcoin even it is centralized. Government is afraid about money loundring and illegal transaction using bitcoin so I think what all we need is make the bitcoin being traceable.
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Dhimas Kanjeng
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May 02, 2017, 02:17:49 AM |
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The government in my opinion they will accept bitcoin if this things will become centralized, and transaction will be regulated by the government.
I think to make Governments accept bitcoin is not easy, because of the need to obtain the consent of the other State institutions such as the Senate or upper House.
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severaldetails
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May 02, 2017, 08:55:03 AM |
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I think what governments like best are taxes. So if bitcoins are handled correctly, without any illegal activities and everybody pays their taxes on them, then I am sure that no government would have something against the use of a cryptocurrency. Unfortunatelly sometimes someof the things I mentioned are not fulfilled completely by a few users. That one reason why governments are suspiciously against cryptocurrencies.
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witsie
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May 02, 2017, 10:03:17 AM |
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my stances on that are from another side .... namely i am in divine universalism ... so i am generating divine money ... but, i remember that before cryptographers have invented btc i was thinking: "maybe the guys from technology will help me as to a presumed secular god zikalkis with some inventions .. and wow ... 5 years ago on a liberalist site i've seen word "bitcoin" ... i googled it and said: wooooow they did it, oh my guard ... ever since then i visited and signed up to all sites that i could reach (over 1000 buxes and clixes, they paid me 6.22 fiat dollars in 2 years of daily clicking) all pokers and miners ... i didn't complain .... first day i entered crypto-fiat online industry i said: uhhh .... they are so perfidious and morbid ....and, it holds water still ....! ... maybe it is main human characteristic ... we are scum on the earth, naturally,.... now, i feel crypto is exploited and enslaved by fiats .... so i had to find solution to deliver them from that slavery .... thus, i invented our divine money .... 1 divine dollar = 1 fiat dolar = 1mb (near) .... now we have all 3 players in the game ... fiats, cryptos and divine ... society, people and god ... nature is the fulcrum on which we all 3 exist ( maybe nature we can consider as gold and diamonds, if we need fourth player ) .... so i enclosed missing parts of that vicious circle .... and we can run forward .... stick to my sites ... i am not lincoln nor washington ... i am not doc holiday nor che guevara ... i am zik zikalkis ...tx ........................... my conclusions i tried to compose and tech me and you ...................... ... technology <<-perfect<best<better<good>goodier>goodiest>divine ->> morality ... profanists<genitalists<scum<scam<>spam>slam>genialists>divinists .... ...
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BeManga
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May 02, 2017, 10:40:49 AM |
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I have a question for you. How to make governments accept bitcoin and not see it as a threat? So that one could use bitcoin in daily use, such as paying taxes or grocery shopping. What is there, other than anonymity, thats making governments fear bitcoin and cryptocurrencies?
it will be hard for goverment to accept bitcoin goverment use fiat because they can get taxes they dont support bitcoin because there are no benefits bitcoin taxes go to miners
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iqlimasyadiqa
Legendary
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Activity: 1596
Merit: 1011
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May 02, 2017, 10:48:56 AM |
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I have a question for you. How to make governments accept bitcoin and not see it as a threat? So that one could use bitcoin in daily use, such as paying taxes or grocery shopping. What is there, other than anonymity, thats making governments fear bitcoin and cryptocurrencies?
it will be hard for goverment to accept bitcoin goverment use fiat because they can get taxes they dont support bitcoin because there are no benefits bitcoin taxes go to miners I agree with you . Currently bitcoin can not provide tax revenue for the government. Bitcoin does not yet have such rules, but if the government is brave then bitcoin users should wisely report their wealth. Thus we benefit as bitcoin users because of the existence of bitcoin and also the government benefit from getting tax fees.
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