whether government regulation is crucial to bitcoin survival, will it have a positive or even negative impact. What do you think ?
Apart from Japan none of the government takes any serious steps on the bitcoin and its growth. If anyone regulate the bitcoin under their financial system then bitcoin has to face many issues like taxation, banking usages and etc..
However, regulation is not good for any bitcoin users. They have to support or else they should close their mouth from criticizing bitcoins in a wrong way.
I agree with you on tax issues. if the regulation is applied, I think bitcoin users will be even more miserable for paying huge taxes. where the government keeps an eye on every transaction activity we make.
So after all, it is not as 'decentralized' as we think it is huh. But despite the issues in taxing Japan did have a very good job in developing more and more potential of Bitcoin. Although taxing really is not a dodge-able issue, it may have benefits in the later times. I mean, we are talking about Japan here, one of the most developed countries when it comes to technology and other countries that have already accepted Bitcoin should make Japan a good example, not just focusing on taxing the 'former decentralized' currency so to speak.
