China, Norway, Switzerland economies to take an Epic beating

[Bitcoinpro]

Lets face it bitcoin/crypto's are the future and any kind of maneuvering against an unstoappable force will cause great damage to your economy
the confidence of its citizens and your nations standing in a world run by technology.

[TheFootMan]

Norway always rejects anything new - nothing new under the sun there. Also most people there are very upstuck and brainwashed by the establishment.

The Norwegian state has already shown their cards by declaring that bitcoin is an electronic service, and thus you have to pay VAT when you do a bitcoin transaction. And not VAT on the exchange fee, no actually they say you have to pay VAT on the entire transaction, so if you buy a bitcoin, you have to pay what it costs in local currency + 25%. According to the taxman.

In addition to VAT on the purchase of BTC, you have to pay VAT on the item itself when you buy something for BTC in a store, and if you make any money investing or trading, you're hit with a 28% fee, in addition if you hold a lot of bitcoins, 1% belong to the state as an asset tax.

In reality people ignore this of course.

Better yet, the financial department has recently issued a statement essentially telling everybody that cares to listen that bitcoin is some scary shit and should best be avoided.

It's emphasized that not having a central issuer is a big problem, because then if you lose your private key, there's no central to reissue a key for you.

Having a personal wallet also means you stand a big chance of getting hacked, and at one time there was someone losing bitcoins worth a million, with little chance of getting it back. Just to emphasize how unsecure this new technology is.

And that's just a glimpse of this hillarious piece of information they've managed to make into a press release.

[blacksails]

Lets face it bitcoin/crypto's are the future and any kind of maneuvering against an unstoappable force will cause great damage to your economy
the confidence of its citizens and your nations standing in a world run by technology.

Nah, I don't think Norway will have any problems. They have so much oil that they won't have to care for a long time.

[pand70]

I guess you are just spreading fud but then again its not fud about bitcoin so it's ok 
Btw the photo is photoshopped or real?

[bryant.coleman]

I am having nothing against Switzerland. They are considering granting the Bitcoin currency status.. they why we should think about them in a negative manner?

[kik1977]

Btw the photo is photoshopped or real?

Are you seriously asking???

[pand70]

Btw the photo is photoshopped or real?

Are you seriously asking???

It 's photo of a tsunami not a photo of death star attacking new york.
In case that you don't know it already tsunamis can happen and have killed hundreds of people before.

[Ecurb123]

Btw the photo is photoshopped or real?

Are you seriously asking???

It 's photo of a tsunami not a photo of death star attacking new york.
In case that you don't know it already tsunamis can happen and have killed hundreds of people before.

yeah but that doesn't even look real, at least to me.

[Mowcore]

If a big wave was incoming then the water at the front/ on the shore , would be receding.

[kik1977]

Btw the photo is photoshopped or real?

Are you seriously asking???

It 's photo of a tsunami not a photo of death star attacking new york.
In case that you don't know it already tsunamis can happen and have killed hundreds of people before.

I know but that picture is clearly out of proportion (and clearly photoshopped)! A wave like that would travel inland for 100 miles!!

[Soros Shorts]

The wave in the picture is clearly a photoshopped wind wave and not a tsunami. Tsunamis have a much longer wavelength than a wind wave.

[corebob]

Norway always rejects anything new - nothing new under the sun there. Also most people there are very upstuck and brainwashed by the establishment.

The Norwegian state has already shown their cards by declaring that bitcoin is an electronic service, and thus you have to pay VAT when you do a bitcoin transaction. And not VAT on the exchange fee, no actually they say you have to pay VAT on the entire transaction, so if you buy a bitcoin, you have to pay what it costs in local currency + 25%. According to the taxman.

In addition to VAT on the purchase of BTC, you have to pay VAT on the item itself when you buy something for BTC in a store, and if you make any money investing or trading, you're hit with a 28% fee, in addition if you hold a lot of bitcoins, 1% belong to the state as an asset tax.

In reality people ignore this of course.

Better yet, the financial department has recently issued a statement essentially telling everybody that cares to listen that bitcoin is some scary shit and should best be avoided.

It's emphasized that not having a central issuer is a big problem, because then if you lose your private key, there's no central to reissue a key for you.

Having a personal wallet also means you stand a big chance of getting hacked, and at one time there was someone losing bitcoins worth a million, with little chance of getting it back. Just to emphasize how unsecure this new technology is.

And that's just a glimpse of this hillarious piece of information they've managed to make into a press release.

All the Scandinavian countries are slaves to their respective masters. Nobody should expect to find a safe haven there.
In a bigger perspective, the Scandinavian countries would have been better off merging into one state, but that train is long gone.
Paper shuffeling bureaucrats have made sure of that.

That said, the Scandinavian countries is using the same broken economy as all the other capitalists, and hence will take the same hit.

[TheFootMan]

All the Scandinavian countries are slaves to their respective masters. Nobody should expect to find a safe haven there.
In a bigger perspective, the Scandinavian countries would have been better off merging into one state, but that train is long gone.
Paper shuffeling bureaucrats have made sure of that.

That said, the Scandinavian countries is using the same broken economy as all the other capitalists, and hence will take the same hit.

Agreed, on the positive note, crime is not that present as it is many other places in the world.

[corebob]

All the Scandinavian countries are slaves to their respective masters. Nobody should expect to find a safe haven there.
In a bigger perspective, the Scandinavian countries would have been better off merging into one state, but that train is long gone.
Paper shuffeling bureaucrats have made sure of that.

That said, the Scandinavian countries is using the same broken economy as all the other capitalists, and hence will take the same hit.

Agreed, on the positive note, crime is not that present as it is many other places in the world.

That's true. The only question is, is it because it is so freaking cold?

[LiteCoinGuy]

Btw the photo is photoshopped or real?

Are you seriously asking???

It 's photo of a tsunami not a photo of death star attacking new york.
In case that you don't know it already tsunamis can happen and have killed hundreds of people before.

photoshop.

[TheFootMan]

All the Scandinavian countries are slaves to their respective masters. Nobody should expect to find a safe haven there.
In a bigger perspective, the Scandinavian countries would have been better off merging into one state, but that train is long gone.
Paper shuffeling bureaucrats have made sure of that.

That said, the Scandinavian countries is using the same broken economy as all the other capitalists, and hence will take the same hit.

Agreed, on the positive note, crime is not that present as it is many other places in the world.

That's true. The only question is, is it because it is so freaking cold?

I would not be surprised if that's the reason.

[blacksails]

All the Scandinavian countries are slaves to their respective masters. Nobody should expect to find a safe haven there.
In a bigger perspective, the Scandinavian countries would have been better off merging into one state, but that train is long gone.
Paper shuffeling bureaucrats have made sure of that.

That said, the Scandinavian countries is using the same broken economy as all the other capitalists, and hence will take the same hit.

Agreed, on the positive note, crime is not that present as it is many other places in the world.

That's true. The only question is, is it because it is so freaking cold?

I would not be surprised if that's the reason.

Yup, I can confirm that! During 3/4 of the year it's so bloody cold and dark that everyone wants to spend as little time outside as possible!

[Bitcoinpro]

All the Scandinavian countries are slaves to their respective masters. Nobody should expect to find a safe haven there.
In a bigger perspective, the Scandinavian countries would have been better off merging into one state, but that train is long gone.
Paper shuffeling bureaucrats have made sure of that.

That said, the Scandinavian countries is using the same broken economy as all the other capitalists, and hence will take the same hit.

Agreed, on the positive note, crime is not that present as it is many other places in the world.

That's true. The only question is, is it because it is so freaking cold?

I would not be surprised if that's the reason.

Yup, I can confirm that! During 3/4 of the year it's so bloody cold and dark that everyone wants to spend as little time outside as possible!

Maybe they are keenly aware of what happens when you challenge an authority that  has the means to protect itself, though not sure what

a government could do to to protect itself from Bitcoin besides sticking its head in the sand and suffering even further pain.

[Bitcoinpro]

I guess you are just spreading fud but then again its not fud about bitcoin so it's ok 
Btw the photo is photoshopped or real?

the economies are not going be receiving all the extra capital created by Crypto's plus many other tangible benefits like superfast seamless global transactions, proper wealth redistribution, elimination of money printing, other negative effects will be psychological imagine thinking your government is so dumb they cannot or will not try to comprehend crypto's, this can have very destabilizing effects an all assets classes as well as causing capital flight, which would be the penultimate effect

http://en.wikipedia.org/wiki/Capital_flight

[TheFootMan]

I guess you are just spreading fud but then again its not fud about bitcoin so it's ok 
Btw the photo is photoshopped or real?

the economies are not going be receiving all the extra capital created by Crypto's plus many other tangible benefits like superfast seamless global transactions, proper wealth redistribution, elimination of money printing, other negative effects will be psychological imagine thinking your government is so dumb they cannot or will not try to comprehend crypto's, this can have very destabilizing effects an all assets classes as well as causing capital flight, which would be the penultimate effect

http://en.wikipedia.org/wiki/Capital_flight

Well, in norway, data is still distributed to doctors on floppy discs.

They planned to build a secure 'health-net' to facilitate 'safe' exchange of information between different units. The probably never heard about strong crypto and locking down end devices, using the existing internet.. But the secure 'health-net' was too expensive for many doctors to get entry to, so then to deliver information 'safely', floppy discs are used.

Also, the voting system is all on paper and manual procedures. Not to mention that nearly all state IT-projects are complete disasters in terms of results and spending. But there is some light in the end of the tunnel, a lot of things that you need to do as a citizen you can now do online whereas before you had to snailmail schemes.

But forward thinking is not what the Norwegian state is famous for. Change is slow in Norway. If anything it is private companies that leads the development regarding new technologies.