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Author Topic: What are the bad sides of bitcoin?  (Read 173 times)
Andyroyal
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November 15, 2017, 07:09:37 PM
 #1

we know  btc is a digital  cryptocurrency. It has no supreme controling authority and it is used almost countries in the world but some countries already have baned it but why? has it bad sides?
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Alphredis
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November 15, 2017, 08:01:00 PM
 #2

A invention has no good or bad sides.
How the invention is used by an human is the good or bad side.. Wink

Because of the anonymity it is lukrativ for illegally deals like drugs...
The most reasons why a coin is band in a country is that it can be difficult for the own currency in the land.
Like China.

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November 15, 2017, 08:06:30 PM
 #3

I think because the state of each country tries to control as many areas of the economy as possible.
Because there is no tax from bitcoin. And the status of bitcoin in many countries is not defined!
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November 15, 2017, 08:11:48 PM
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Electricity demands to keep the network operating securely.


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Giamme
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November 15, 2017, 08:16:25 PM
 #5

I think because the state of each country tries to control as many areas of the economy as possible.
Because there is no tax from bitcoin. And the status of bitcoin in many countries is not defined!

That's not true. There's no tax for a money system. There's no taxation for using fiat, there's taxation when you buy stuff, then you pay with your fiat. Same goes for Bitcoin, it's a monetary system and you can just tax the use of Bitcoin and have people pay that tax either with Bitcoin or fiat.

And of course, for governments is harder to track your expenses if you are using Bitcoin.
Deena
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November 15, 2017, 08:55:00 PM
 #6

It's money. It doesn't have a bad side on itself. But it brings up the bad side in people. That's the most bad about Bitcoin. Just have a good look around here to see what I mean.
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