Bitcoin and Economy

[lsafronova095]

We all know that the development of a certain country comes from the taxes of its citizens, and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency?

There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.

As far as I know, the country's budget depends on other taxes, but not on the cryptocurrency. You are sure that taxes on cryptocurrency will go into the right hands. As it seems to me will plunder without having managed to reach the budget. If blockchain technology was to take taxes to the Treasury, then I would have fewer questions.

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[dobladonadouble]

Even though 80% of a country's citizen is using bitcoin or other cryptocurrency in the future, it will not be the greatest breakdown of their economy. Perhaps, it can be a great help. Though we are not directly paying taxes, but all the purchase and transactions we will have can be considered indirectly paying of taxes. The more purchase we will have, the greater the chance the economy will bloom.

[Anewor]

Yes there is always a possibility for 80% of the people to be involved in crytpocurrenncy as you have said, but as of now it is not what it seems to be. People are not taking cryptocurrency as a serious matter because as I have  observe a lot people where afraid after they saw the market moving down very low. They probably need more time to see how cryptocurrency can be of help to them. Now it is far more from being realized and no signs of greater interest can be seen so far.

[hungtrajamd12j33]

It takes a lot of time to evaluate whether cryptocurrency and the technologies behind them actually deliver great value applications, but one thing is for sure if you're only interested in the blockchain technology. It is a great omission if ignore the remaining technology pillars of cryptocurrency.

[luckyluigi]

We all know that the development of a certain country comes from the taxes of its citizens, and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency?

There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.

I would like to have a real example of Bitcoin replacing with the local currency of some particular country so we would have an example that country can be better with Bitcoin.

[Andrej Peiboski]

I do not understand how bitcoin could improve an economy: bitcoin is a measure of value, has no value in itself.
If an economy is poor in dollars, it will also be using bitcoins.
The difference is that you can not make fun of citizens by printing paper money.

[Google+]

bitcoin and the economy seems like bitcoin is the best solution in the future to be able to create a world economy that is good and when making transactions it is safer to use cryptocurrency.

[christina.arnigo]

We all know that the development of a certain country comes from the taxes of its citizens, and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency?

There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.

Do you think that the government is not aware or not looking at cryprocurrency? Crypto is very controversial specially bitcoin. Government is quietly observing ang studying how the crypto works because this is really a good investment. Once they discovered how they can create money from it, they will make law out of their study. It is really possible that there will be taxes from crypto. As of now, not all country is open in the idea of crypto but once majority of the countries are enjoying the use of crypto for sure others will follow. We are juat in the stage of introducibg the bitcoin where everyone is not yet open for changes.

[Priyasad9]

This has been successful in many ways. bitcoin spread all over the world. Today, people are investing heavily here. bitcoin is a trustworthy coin. It is a high quality coin. This value is a lot high. As a country, bitcoin is invested for businesses in the country today. This brings about a high economic growth. Bitcoin brings a successful economic outlook

[Sandijoee]

Bitcoin has an effect on the economy. If you have invested bitcoin, your economy will change in the future. Because bitcoin is a long-term investment.

[Belliapro]

Bitcoin has an effect on the economy. If you have invested bitcoin, your economy will change in the future. Because bitcoin is a long-term investment.

the economy will increase in proportion to how we continue to explore the potential, bitcoin needs a lot of analysis to really benefit, unless you are indeed a rich person who only buys bitcoin for long-term assets, I am a person who is reactive to various potentials, the economy will be balanced along with developing trade decisions.

[paynercash]

bitcoin and the economy seems like bitcoin is the best solution in the future to be able to create a world economy that is good and when making transactions it is safer to use cryptocurrency.

It will be money for later economic development is extremely. It is also doing its job well. However, the market is likely to rise or fall. Due to the fluctuations of other fields. So the electronic money market will remain stable and well maintained in the future.

[pieppiep]

I think bitcoin and the future economy will need each other and I think the world economy will need bitcoin to provide the best solution to create safe and comfortable transactions.

[ajaymukund]

In my opinion, if 80% of the population uses electronic money, the government must amend and adjust the constitution to suit the economy of the country, which will put the tax on bitcoin trading. Because of that popularity, Bitcoin will soon become a growing currency on the market across the country.

[bangkit tri]

In my opinion, if 80% of the population uses electronic money, the government must amend and adjust the constitution to suit the economy of the country, which will put the tax on bitcoin trading. Because of that popularity, Bitcoin will soon become a growing currency on the market across the country.

of course at that time bitcoin will become very valuable. and the government must regulate it for the prosperity of the people. and tax is the ideal answer for all that.

[Bezobraznike]

In my opinion, if 80% of the population uses electronic money, the government must amend and adjust the constitution to suit the economy of the country, which will put the tax on bitcoin trading. Because of that popularity, Bitcoin will soon become a growing currency on the market across the country.

of course at that time bitcoin will become very valuable. and the government must regulate it for the prosperity of the people. and tax is the ideal answer for all that.

    Bitcoin is growing for years, with faster adoption rates, growth of
Bitcoin will be faster too. Electronic money and crypto-currencies are
two different things. They are created, distributed and used in different
ways. I can say that crypto-currencies are world for itself, global economy
needs to advance and Bitcoin is the answer.
   Economy we know now will be changed in future. Crypto-currencies and
Blockchain platforms will reorganize everything. I can't wait to see that.

[Kamote_1102]

If that's the case, The government of every Country will make sure that their citizens will still pay their taxes in some way. I'm sure that they will find a way. if not, the Country's economy will be at risk if nobody is paying their taxes anymore.

[stiffbud]

Bitcoin and economy are two interlinked things. In some some countries its shows positive impact on their country economy and in some countries bitcoin put negative affect on their country economy. In central African countries use bitpesa instead of bank for money transaction etc. In those country bitcoin work with their government to solve their unemployment issues. But in some country like china Bangladesh etc it ban in their country because it affects their country economy by affecting their country currency.

[prokerduit]

We all know that the development of a certain country comes from the taxes of its citizens, and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency?

There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.

maybe at a time. the country will issue a policy on bitcoin tax. because I am very sure that if there is no income for the country, then anything that will be considered illegal, so surely there will be a tax budget for people who have bitcoin.

[Rhosadah]

Tax implementation on crypto assets for the public requires a long process and the state must authorize blockchain in the country to find out the people who put assets in crypto, now enforced Know your customers (kyc) in each crypto exchange. fraudand money laundering on cryptocurrency.