Bitcoin and Economy

[socksserver3]

People are gradually beginning to understand that crypto-currencies are the best forms of money, because they are managed only by code, making them a digital sacred contract. The impact of crypto currency on society is not yet fully realized and will not be felt immediately.

[wulian18]

The state has the right to collect taxes on the profits of transactions. This is a common practice in the world. But at present, the country is not willing to do so because if it means tax, it means a recognition of Bitcoin.

[Godexists]

in my opinion bitcoin is a cryto currency and a form of electronic cash sent.while economy is concerned w/ production,consumption and the study of how people use resource and respond to currency.

[victorski]

"

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.

Yes, it is growing, but in my country, I would say only 0.5% is involved because most of the people think that it is something dangerous and unstable."

[no0dlepunk]

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.

That is what this is all about. Sooner, when people are already using crypto in a regular transaction, the government can't do anything about it but to forbid the usage. Just like what they did to cocaine and marijuana. Such losers. ha ha!

[crazymelons12]

The probability of 80 percent is a very huge number. If it should happen bitcoin could have been totally mined at that time. I don't know what might happen to its value but one thing is certain, Taxes are still paid indirectly. I could say this will be happening because for sure business establishment will be taking part in this development and stores will be opened with bitcoin as payments. Though no taxes are paid directly but the products are taxed thus when you buy you are paying taxes indirectly.

[dominional]

bitcoin has a great effect on economy because peolple that are earning from bitcoin are affecting economy with what they are making from the bitcoin and they are using it to train children build house and buy good cars. the earning from bitcoin has good effect on the economy.

[endut15]

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.

That is what this is all about. Sooner, when people are already using crypto in a regular transaction, the government can't do anything about it but to forbid the usage. Just like what they did to cocaine and marijuana. Such losers. ha ha!

even if the government can be involved in the world of crypto, certainly the government will sooner or later still apply the tax in the world of crypto. because in accordance with the provisions of the state that all of it will be taxable.

[developer101dev]

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.

There is a huge chance that their funds will be decreasing and that is the reason why other governments are afraid of cryptocurrency growth but still it helps different people to have a wealthy life and its not a bad thing for people who does not have a decent income to sustain their daily needs.

[s.mahmood]

This is correct that a country economicaly develop when it's citizens pay the tex to the government. If 80% peoples of acountry involve into bitcoin the cuontry economy will increase but more increase when they pay tex.It is possible if government recognized bitcoin.

[BitcoinMarketer39]

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.

Its fine if most of the people will be using cryptocurrency in order to sustain their daily needs because in this way they will be having a financial freedom, if all the people will be using cryptocurrency in their country then there is a huge chance that the price of bitcoins might increase even more and every people who are holding bitcoins will be wealthy.

[rimueng agam]

If I think bitcoin and economy have a link because with there bitcoin so can improve the economy of society because with this bitcoin people can earn enough income so that become a prosperous life in economic side with prosperous society hence country will go forward.

[Eijrafarm]

If I think bitcoin and economy have a link because with there bitcoin so can improve the economy of society because with this bitcoin people can earn enough income so that become a prosperous life in economic side with prosperous society hence country will go forward.

Yes, I agree with you mate. We know that bitcoin has a role and has the capability to improve an economy. It gives alot of profit for those large company's or investor who invest on it.

[waqasniaz007]

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.

In most cases governments are unable to collect taxes through bitcoin but if 80% of citizens depend on cryptocurreny than governments will also try to find ways of getting taxes bit this is not the case right now.

[pendekar cinta]

If the rapid development of bitcoin is very possible for someone to try to invest in it so that their economies can be helped by the results trade and the country can progress further if the population live prosperously without unemployment.

[cahbagus555]

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 think peoples still paying taxes to their government. If peoples buying goods with cryptocurrency, we know that goods already put VAT and thats means we paying taxes from our transaction.

[marcous]

if bitcoin has been legalized the possibility of every individual involved in cryptocurrency will be taxed, and if so, then bitcoin price will soar I guess. And bitcoin have made financially better changes

[scoin9]

When this happens and Bitcoin becomes used or adopted by alot of people government would devise a means to collect tax since tax fuels a huge section of advanced economies. I am seriously looking forward to the period when 80% of the population uses Bitcoin.

[ekalak manjeng]

but for me both need us and needed by us because we run bitcoin to make money and money from bitcoin to help our economy.

[detector]

When my government notice about bitcoin, they won't legalize it because bitcoin is just like another investment tool ( risky investment )

But AFAIK, if government decide to legalize bitcoin, they have right to apply tax on btc or not because it's become their policy !