Let's suppose that Bitcoin became universal (used everywhere you go)

[Ailmand]

Do you think once bitcoin is accepted as currency, taxes will be removed? I don't think so, tax is the blood of the government. A country will crash down if there is no tax. I think even if bitcoin will be adopted, tax will remain. Maybe we can pay our taxes via crypto when that time comes.

[Oneandpure]

Bitcoin suppose become universal payment with many country have different money transaction kind, by using bitcoin they have adopt the same payment transaction with many country have different payment money, change country payment form USD become bitcoin and give benefit for every country with bitcoin become stable coin and have higher price,

[DaftAjax]

Despite the fact that Bitcoin has already been recognized as a means of payment in some countries, it is difficult to imagine that it will be used globally as a payment method. Until now, bitcoin is more used as an investment, making a profit through trading and various speculations. But I hope in the future there will still be a worldwide recognition of bitcoin as a means of payment.

Actually, it already is.

One of the reasons why Bitcoin came about, it can be used wherever you are in the world (assuming the internet still have coverage). And from there, various types of services have been added or have been available, for its wide utilization. Though adoption still isn't "that" big as it should be, many countries are already (or having plans on) including it as means of payment, in exchange for goods or "regular" services.

[Magkirap]

Hi,
Let's suppose that Bitcoin became adopted everywhere such as paying bills with Bitcoin,getting salary with Bitcoin,shopping,restaurant etc...
How your country gonna survive if you only use Bitcoin in a daily basis? I mean a country cannot survive if individuals doesn't pay taxes,well with Bitcoin you don't pay any tax right?
How this gonna be possible? Please shed for me some light on this.
Thanks

These was great, actually these is all we want after the years. Bitcoin's goal is to act as a payment like other currencies that we can use in our daily lives. On the other hand, bitcoin is already using for transaction before like in exchange with service. Before the bitcoin goes viral, it is used for illegal transactions in deepweb. Probably in exchange with drugs and other illegal stuffs.

[blckhawk]

Hi,
Let's suppose that Bitcoin became adopted everywhere such as paying bills with Bitcoin,getting salary with Bitcoin,shopping,restaurant etc...
How your country gonna survive if you only use Bitcoin in a daily basis? I mean a country cannot survive if individuals doesn't pay taxes,well with Bitcoin you don't pay any tax right?
How this gonna be possible? Please shed for me some light on this.
Thanks

Without taxes, people would follow no one since the government cannot exist because there's nothing to fund the administration to do its duties to its people. That's why we cannot replace stable currencies exisiting in countries. One case plausible is that bitcoin itself would be regulated by the government. We'll still pay taxes in form of BTC but we won't be anonymous anymore since the government will keep a record of the population and will need their bitcoin addresses to see if they pay taxes. Other downsides include the market volatility and not being able to retrieve funds when lost (no insurance). The good side is, all transactions are transparent, so corrupt practices are traceable.

[reality18]

This will mean the long anticipated mass adoption has finally been realized. There will be no doubts about the fact that this universal adoption will cause a significant positive change in the entire cryptocurrency cap. Bitcoin will then become one of the valuable and difficult to attain assets because of its limited number, 21M. Imagine a high demand coming from more than 7.5B people on an asset of 21M in number.