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Author Topic: A Crisis in Central Banking: Will It Soon Explode?  (Read 1518 times)
Laland
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December 15, 2017, 03:57:37 PM
 #41

I don’t think so that the crisis in central bank will leads to explosion of allegations. The central banks govern all financial intermediaries in all commercial or digital banks in their country. They the one who regulate and solve the issue regards to the monetary value of money.
They can regulate the value of money only when there is no other alternative Fiat. Central banks run the mechanisms of inflation and deflation. Thus they constantly climbs into his pocket to people and shift their shoulders all the mismanagement of the economy by the government. Bitcoin changes this system. Therefore, banks are afraid of him but don't know ways to deny it.

Cryptocurrency doesnt really have tax, so if the government just allow it, soon it will become the citizens' source of income. If that were to happen, the government wont have money for economic purposes. Sometimes the banning of bitcoin may solve issue to a country's bankruptcy. Their banks that allow cryptocurency in their own place but that is only for 3rd world countries. If a country can make infrastructures for crypto mining, then tax wont be a problem anymore.
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December 15, 2017, 04:48:59 PM
 #42

I don’t think so that the crisis in central bank will leads to explosion of allegations. The central banks govern all financial intermediaries in all commercial or digital banks in their country. They the one who regulate and solve the issue regards to the monetary value of money.
They can regulate the value of money only when there is no other alternative Fiat. Central banks run the mechanisms of inflation and deflation. Thus they constantly climbs into his pocket to people and shift their shoulders all the mismanagement of the economy by the government. Bitcoin changes this system. Therefore, banks are afraid of him but don't know ways to deny it.

Cryptocurrency doesnt really have tax, so if the government just allow it, soon it will become the citizens' source of income. If that were to happen, the government wont have money for economic purposes. Sometimes the banning of bitcoin may solve issue to a country's bankruptcy. Their banks that allow cryptocurency in their own place but that is only for 3rd world countries. If a country can make infrastructures for crypto mining, then tax wont be a problem anymore.

a country needs tax to be able to fund their Health, education, transport etc. systems.
if for instance a country started to tax mining it would have to be regulated and this
goes against what crypto is about.

also if countries taxed mining, miners would just pass those taxes down the line to
transactions in the form of fees, as in fees will increase. not good and its not going
to happen anyway.

R


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ahmad21
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December 15, 2017, 05:26:34 PM
 #43

I don’t think so that the crisis in central bank will leads to explosion of allegations. The central banks govern all financial intermediaries in all commercial or digital banks in their country. They the one who regulate and solve the issue regards to the monetary value of money.
They can regulate the value of money only when there is no other alternative Fiat. Central banks run the mechanisms of inflation and deflation. Thus they constantly climbs into his pocket to people and shift their shoulders all the mismanagement of the economy by the government. Bitcoin changes this system. Therefore, banks are afraid of him but don't know ways to deny it.

Cryptocurrency doesnt really have tax, so if the government just allow it, soon it will become the citizens' source of income. If that were to happen, the government wont have money for economic purposes. Sometimes the banning of bitcoin may solve issue to a country's bankruptcy. Their banks that allow cryptocurency in their own place but that is only for 3rd world countries. If a country can make infrastructures for crypto mining, then tax wont be a problem anymore.

a country needs tax to be able to fund their Health, education, transport etc. systems.
if for instance a country started to tax mining it would have to be regulated and this
goes against what crypto is about.

also if countries taxed mining, miners would just pass those taxes down the line to
transactions in the form of fees, as in fees will increase. not good and its not going
to happen anyway.
This isn't something like petrol prices that miners will just pass away the effect. In decentralized economy one is free to choose so if miners continue to hike their fees in such a way people are free to move to another cryptocurrency. Moreover, we need such a system wherein everyone is taxed but everyone is provided adequate amenities too. A government won't provide amenities without tax. We need to think of a system with govt where crypto fits in.
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