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Author Topic: Switzerland as a bitcoin haven  (Read 2833 times)
BillyBobZorton
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May 06, 2017, 02:08:59 PM
 #1

I believe Switzerland is going to become a bitcoin paradise country where everyone with BTC will go there and retire. In years time, Switzerland will give full support to bitcoiners, so you will be able to buy anything you want with bitcoin without the need to pay any taxes. ATM bitcoin machines everywhere.

There are already ATM machines in every location you can imagine.

http://www.coindesk.com/swiss-government-paving-way-bitcoin-blockchain-banks/

They are obviously building the infrastructure to attract bitcoin holders there. We saw how bank secrecy is a failure with the leaks of bank accounts from lots of people. I think those famous idiots with lots of money will learn about bitcoin and start using it to hide their money from governments, and this will push the price up big time.
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Dude.Lebowski
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May 06, 2017, 02:37:11 PM
 #2

I believe Switzerland is going to become a bitcoin paradise country where everyone with BTC will go there and retire. In years time, Switzerland will give full support to bitcoiners, so you will be able to buy anything you want with bitcoin without the need to pay any taxes. ATM bitcoin machines everywhere.

There are already ATM machines in every location you can imagine.

http://www.coindesk.com/swiss-government-paving-way-bitcoin-blockchain-banks/

They are obviously building the infrastructure to attract bitcoin holders there. We saw how bank secrecy is a failure with the leaks of bank accounts from lots of people. I think those famous idiots with lots of money will learn about bitcoin and start using it to hide their money from governments, and this will push the price up big time.

Generally I agree. I think hide is the wrong word. Governments have no business with peoples' money anyway.

Okay. The old man told me to take any rug in the house.
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May 06, 2017, 02:40:01 PM
 #3

I believe Switzerland is going to become a bitcoin paradise country where everyone with BTC will go there and retire. In years time, Switzerland will give full support to bitcoiners, so you will be able to buy anything you want with bitcoin without the need to pay any taxes. ATM bitcoin machines everywhere.

There are already ATM machines in every location you can imagine.

http://www.coindesk.com/swiss-government-paving-way-bitcoin-blockchain-banks/

They are obviously building the infrastructure to attract bitcoin holders there. We saw how bank secrecy is a failure with the leaks of bank accounts from lots of people. I think those famous idiots with lots of money will learn about bitcoin and start using it to hide their money from governments, and this will push the price up big time.

Generally I agree. I think hide is the wrong word. Governments have no business with peoples' money anyway.


One simply can't use hide, money and government in the same sentence!

Government owns your money and it will be futile to hide it from them!
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May 06, 2017, 03:41:54 PM
 #4

Yeah Switzerland is alway well know for such things. When money comes or something precious comes Switzerland is always there and it has to be there.  Grin Bitcoin is being accepted everywhere and that too anonymously. Why Switzerland would ever stop there. They will acquire a big empire of bitcoin to attract more customers and people will reach out there for their money's safety as always they have done when it comes to money which comes in bonds.  Cheesy
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May 06, 2017, 05:11:30 PM
Last edit: May 07, 2017, 06:24:03 AM by deisik
 #5

Yeah Switzerland is alway well know for such things. When money comes or something precious comes Switzerland is always there and it has to be there.  Grin Bitcoin is being accepted everywhere and that too anonymously. Why Switzerland would ever stop there. They will acquire a big empire of bitcoin to attract more customers and people will reach out there for their money's safety as always they have done when it comes to money which comes in bonds.  Cheesy

Well, I have an idea which I want to share

After the US government forced the Swiss banks to reveal information about their clients and their money, it might in fact have been the Swiss gnomes themselves who had hammered Bitcoin specifically to get rid of Uncle Sam's supervision, surveillance and control. If I were them I would certainly feel hurt, upset and humiliated when they had been literally made to disclose this info, so it shouldn't come as surprise that they eagerly welcome Bitcoin (even if it were not them after all who created Bitcoin)


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Dude.Lebowski
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May 06, 2017, 06:44:45 PM
 #6

I believe Switzerland is going to become a bitcoin paradise country where everyone with BTC will go there and retire. In years time, Switzerland will give full support to bitcoiners, so you will be able to buy anything you want with bitcoin without the need to pay any taxes. ATM bitcoin machines everywhere.

There are already ATM machines in every location you can imagine.

http://www.coindesk.com/swiss-government-paving-way-bitcoin-blockchain-banks/

They are obviously building the infrastructure to attract bitcoin holders there. We saw how bank secrecy is a failure with the leaks of bank accounts from lots of people. I think those famous idiots with lots of money will learn about bitcoin and start using it to hide their money from governments, and this will push the price up big time.

Generally I agree. I think hide is the wrong word. Governments have no business with peoples' money anyway.


One simply can't use hide, money and government in the same sentence!

Government owns your money and it will be futile to hide it from them!

Touché!  Governments have no business kniwing peoples' wealth even less regularly stealing from it.

Okay. The old man told me to take any rug in the house.
Silberman
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May 07, 2017, 01:48:41 AM
 #7

I believe Switzerland is going to become a bitcoin paradise country where everyone with BTC will go there and retire. In years time, Switzerland will give full support to bitcoiners, so you will be able to buy anything you want with bitcoin without the need to pay any taxes. ATM bitcoin machines everywhere.

There are already ATM machines in every location you can imagine.

http://www.coindesk.com/swiss-government-paving-way-bitcoin-blockchain-banks/

They are obviously building the infrastructure to attract bitcoin holders there. We saw how bank secrecy is a failure with the leaks of bank accounts from lots of people. I think those famous idiots with lots of money will learn about bitcoin and start using it to hide their money from governments, and this will push the price up big time.
Tax havens like any other business do their best to try to encourage more customers to try to get the public to use their products and services, so it is not a surprise to me that Switzerland is looking into bitcoin to try to get an even bigger market share of the money of the investors of the world.
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May 07, 2017, 02:30:32 AM
 #8

I believe Switzerland is going to become a bitcoin paradise country where everyone with BTC will go there and retire. In years time, Switzerland will give full support to bitcoiners, so you will be able to buy anything you want with bitcoin without the need to pay any taxes. ATM bitcoin machines everywhere.

There are already ATM machines in every location you can imagine.

http://www.coindesk.com/swiss-government-paving-way-bitcoin-blockchain-banks/

They are obviously building the infrastructure to attract bitcoin holders there. We saw how bank secrecy is a failure with the leaks of bank accounts from lots of people. I think those famous idiots with lots of money will learn about bitcoin and start using it to hide their money from governments, and this will push the price up big time.
This is great for the bitcoin holders like the billionaires who have got a lot of bitcoins in their bitcoin wallets and they just keeping it for a long time waiting for the price to reach to their satisfaction and if switzerland will fully accept bitcoin then it will be a good place to live there and just spend our bitcoins like buying a car and house and living a decent life.
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May 07, 2017, 04:42:01 AM
 #9

I believe Switzerland is going to become a bitcoin paradise country where everyone with BTC will go there and retire. In years time, Switzerland will give full support to bitcoiners, so you will be able to buy anything you want with bitcoin without the need to pay any taxes. ATM bitcoin machines everywhere.

I am not sure I agree with the statement that if you use bitcoins, you don't need to pay taxes. Switzerland will be no different from other countries in this regard and paying taxes is the safe (and right) thing to do.
MingLee
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May 07, 2017, 04:52:39 AM
 #10

Yeah Switzerland is alway well know for such things. When money comes or something precious comes Switzerland is always there and it has to be there.  Grin Bitcoin is being accepted everywhere and that too anonymously. Why Switzerland would ever stop there. They will acquire a big empire of bitcoin to attract more customers and people will reach out there for their money's safety as always they have done when it comes to money which comes in bonds.  Cheesy

Well, I have an idea which I want to share

After the US government forced the Swiss banks to reveal information about their clients and their money, it might in fact have been the Swiss gnomes themselves who had hammered Bitcoin specifically to get rid of Uncle Sam's supervision, surveillance and control. If I were them I would certainly feel very hurt and humiliated when they had been literally made to disclose this info, so it shouldn't come as complete surprise that they eagerly welcome Bitcoin (even if it were not them after all who created Bitcoin)
That's actually a really good point to be honest. It would make sense that the Swiss would want to aim to repair their banking security reputation, and sine fiat is obviously something they can't use safely anymore they might as well move to the next best thing (being Bitcoin).
Restructuring and modifying their infrastructure to be more accommodative of Bitcoin is definitely the best move for them as it stands, and I won't be surprised if it really starts to be a major thing within their borders in the next decade or so.
CryptoBry
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May 07, 2017, 05:00:00 AM
 #11

I believe Switzerland is going to become a bitcoin paradise country where everyone with BTC will go there and retire. In years time, Switzerland will give full support to bitcoiners, so you will be able to buy anything you want with bitcoin without the need to pay any taxes. ATM bitcoin machines everywhere.

I am not sure I agree with the statement that if you use bitcoins, you don't need to pay taxes. Switzerland will be no different from other countries in this regard and paying taxes is the safe (and right) thing to do.

Taxes can be something inevitable because we are making business transactions and transactions can be taxable in many states and countries much more if a transaction is producing profits for a certain individual. This can be quite true in USA and other countries it can be so hard to hide transactions and not pay tax. An option is to immigrate to a third-world country where the government is not yet interested to police all people in their taxable transactions.

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pooya87
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May 07, 2017, 05:41:17 AM
 #12

i have been saying this for some time now and i do really believe that Switzerland soon will be one of the frontiers for bitcoin. but even since i saw what Japan did and then the follow up of how it was accepted, i think they come pretty close to be the "bitcoin haven" very soon.

and in the end it will all come down to adoption and how people will accept bitcoin. government is just setting the rules but bitcoin is decentralized and nobody can set any laws for it.

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May 07, 2017, 06:12:26 AM
 #13

I don't buy into the theme people spout of governments hating bitcoin, that being said any paradise type country with a beach will become a bitcoin haven with people retiring on their big bitcoin earnings. Countries that are cheap by Western standards in particular will be popular destinations and these countries are also adopting bitcoin for practical reasons, remittances are cheaper in bitcoin even with the current high fees than they are with traditional remittance companies.
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May 07, 2017, 09:26:11 AM
 #14

I believe Switzerland is going to become a bitcoin paradise country where everyone with BTC will go there and retire. In years time, Switzerland will give full support to bitcoiners, so you will be able to buy anything you want with bitcoin without the need to pay any taxes. ATM bitcoin machines everywhere.

There are already ATM machines in every location you can imagine.

http://www.coindesk.com/swiss-government-paving-way-bitcoin-blockchain-banks/

They are obviously building the infrastructure to attract bitcoin holders there. We saw how bank secrecy is a failure with the leaks of bank accounts from lots of people. I think those famous idiots with lots of money will learn about bitcoin and start using it to hide their money from governments, and this will push the price up big time.

Well the Swiss banks are famous for keeping the money, I hope that the swiss regulators are successful in proposing good legislation towards Bitcoin that make it tempting to use.
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May 07, 2017, 09:33:59 AM
 #15

I believe Switzerland is going to become a bitcoin paradise country where everyone with BTC will go there and retire. In years time, Switzerland will give full support to bitcoiners, so you will be able to buy anything you want with bitcoin without the need to pay any taxes. ATM bitcoin machines everywhere.

There are already ATM machines in every location you can imagine.

http://www.coindesk.com/swiss-government-paving-way-bitcoin-blockchain-banks/

They are obviously building the infrastructure to attract bitcoin holders there. We saw how bank secrecy is a failure with the leaks of bank accounts from lots of people. I think those famous idiots with lots of money will learn about bitcoin and start using it to hide their money from governments, and this will push the price up big time.

It is not very surprising that bitcoin will sprout in Switzerland since the government itself started to accept bitcoin as a form of payment to goverment services then the people will also follow. The decision of the state will not just increase the number of bitcoin users but rather increase the trust and confidence of the public to use bitcoin in their daily lives.
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May 07, 2017, 10:26:40 AM
 #16

Switzerland has always been a heaven for rich people to store their money hiding from their governments and avoiding taxes.Its quite natural for switzerland to show green flag to bitcoin which is pseudo anonymous.Switzerland has already enjoying the benefits from huge money stored by rich people from different parts of the world and since bitcoin is the new choice of rich people,they don't want to miss this chance too.But i don't think that they will not levy taxes on our purchases.
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May 07, 2017, 03:51:56 PM
 #17

Yeah Switzerland is alway well know for such things. When money comes or something precious comes Switzerland is always there and it has to be there.  Grin Bitcoin is being accepted everywhere and that too anonymously. Why Switzerland would ever stop there. They will acquire a big empire of bitcoin to attract more customers and people will reach out there for their money's safety as always they have done when it comes to money which comes in bonds.  Cheesy

Well, I have an idea which I want to share

After the US government forced the Swiss banks to reveal information about their clients and their money, it might in fact have been the Swiss gnomes themselves who had hammered Bitcoin specifically to get rid of Uncle Sam's supervision, surveillance and control. If I were them I would certainly feel hurt, upset and humiliated when they had been literally made to disclose this info, so it shouldn't come as surprise that they eagerly welcome Bitcoin (even if it were not them after all who created Bitcoin)

Well it could be.

Switzerland banks has been famous for its secrecy. Hence, a lot of rich people have a bank account somewhere in Switzerland. They don't disclosed any information of the account holders name except for extreme cases like illegal activities or terrorist links. With the best banking strategy and most stable economy in the past years, Switzerland has emerged as the best option for banking service. However, I'm not aware of Uncle's Sam meddling of Swiss banks policy of non-disclosure, however if this is the case then maybe what you said may be very well true.

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May 07, 2017, 04:02:05 PM
 #18

Yeah Switzerland is alway well know for such things. When money comes or something precious comes Switzerland is always there and it has to be there.  Grin Bitcoin is being accepted everywhere and that too anonymously. Why Switzerland would ever stop there. They will acquire a big empire of bitcoin to attract more customers and people will reach out there for their money's safety as always they have done when it comes to money which comes in bonds.  Cheesy

Well, I have an idea which I want to share

After the US government forced the Swiss banks to reveal information about their clients and their money, it might in fact have been the Swiss gnomes themselves who had hammered Bitcoin specifically to get rid of Uncle Sam's supervision, surveillance and control. If I were them I would certainly feel hurt, upset and humiliated when they had been literally made to disclose this info, so it shouldn't come as surprise that they eagerly welcome Bitcoin (even if it were not them after all who created Bitcoin)

Well it could be.

Switzerland banks has been famous for its secrecy. Hence, a lot of rich people have a bank account somewhere in Switzerland. They don't disclosed any information of the account holders name except for extreme cases like illegal activities or terrorist links. With the best banking strategy and most stable economy in the past years, Switzerland has emerged as the best option for banking service. However, I'm not aware of Uncle's Sam meddling of Swiss banks policy of non-disclosure, however if this is the case then maybe what you said may be very well true.

this was in the news. i didn't pay much attention to its details because i don't live in US and i don't have a swiss bank account Smiley
but US has forced Swiss banks to reveal all the information they have on every single bank account of US citizens there. i don't know how much of even if they resisted but in the end the agreement is like this:
Swiss banks automatically, without being asked, send all the financial details of their customers to US.

http://www.swissinfo.ch/eng/banking-secrecy_swiss-parliament-clears-us-fatca-deal/36858508

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May 07, 2017, 05:12:21 PM
 #19

Well, I have an idea which I want to share

After the US government forced the Swiss banks to reveal information about their clients and their money, it might in fact have been the Swiss gnomes themselves who had hammered Bitcoin specifically to get rid of Uncle Sam's supervision, surveillance and control. If I were them I would certainly feel hurt, upset and humiliated when they had been literally made to disclose this info, so it shouldn't come as surprise that they eagerly welcome Bitcoin (even if it were not them after all who created Bitcoin)

Well it could be.

Switzerland banks has been famous for its secrecy. Hence, a lot of rich people have a bank account somewhere in Switzerland. They don't disclosed any information of the account holders name except for extreme cases like illegal activities or terrorist links. With the best banking strategy and most stable economy in the past years, Switzerland has emerged as the best option for banking service. However, I'm not aware of Uncle's Sam meddling of Swiss banks policy of non-disclosure, however if this is the case then maybe what you said may be very well true.

this was in the news. i didn't pay much attention to its details because i don't live in US and i don't have a swiss bank account Smiley
but US has forced Swiss banks to reveal all the information they have on every single bank account of US citizens there. i don't know how much of even if they resisted but in the end the agreement is like this:
Swiss banks automatically, without being asked, send all the financial details of their customers to US

And thus Bitcoin was born

And that shouldn't be surprising because even Sir Isaac Newton as back as 300 years ago stipulated in his laws of motion that "when one body exerts a force on a second body, the second body simultaneously exerts a force equal in magnitude and opposite in direction on the first body". The most interesting part here is about the opposite direction, so when Uncle Sam decided to punish the Swiss gnomes, he should have expected that his attack will backfire eventually and likely with a vengeance across all countries and even in the US itself


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May 07, 2017, 05:40:51 PM
 #20

Quite interesting. USA now interfering with the Swiss banking system? But why? Why just now? You can't blame Switzerland then for acting like this. They maybe the second country behind Japan legalizing bitcoin(if not done already). Switzerland has been nuetral during WW2, but this time they are taking side, with bitcoin technology. I'm dreaming of staying in Switzerland, and this may be one reason I would move there.

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