hi, Im new to all of this, and I have a problem.

[yoyoman2]

I dont know if I need to post this on the economics section, but if a mod wants he can just move it anyways.

I want to understand, how bitcoin is supposed to work with goverments.
I know that its a system that doesnt have an official body behind it, and that is among the reasons why people use it, but there is a big problem that I wanted to know the answer too.

If a transaction has been made, the regular percentage that the goverment mostly gets, does not get to the goverments pocket, meaning that if bitcoin will become big enough, goverments might start making this all illegal, since they wont recieve the money that they are supposed to get.

In a sort of way, some people think that this is the way to go, to give people anonimity and not let the goverment in on your income, but, if bitcoin or any cryptocurrency will for example become as big as the dollar in the future, then goverments all over the world, will become poor.

you can pretty much guess what the outcome will be if that happens.
so is there a way to fix this issue?

[seafarer124]

I dont know if I need to post this on the economics section, but if a mod wants he can just move it anyways.

I want to understand, how bitcoin is supposed to work with goverments.
I know that its a system that doesnt have an official body behind it, and that is among the reasons why people use it, but there is a big problem that I wanted to know the answer too.

If a transaction has been made, the regular percentage that the goverment mostly gets, does not get to the goverments pocket, meaning that if bitcoin will become big enough, goverments might start making this all illegal, since they wont recieve the money that they are supposed to get.

In a sort of way, some people think that this is the way to go, to give people anonimity and not let the goverment in on your income, but, if bitcoin or any cryptocurrency will for example become as big as the dollar in the future, then goverments all over the world, will become poor.

you can pretty much guess what the outcome will be if that happens.
so is there a way to fix this issue?

Do you want "Freedom" or "Security"?

If you want "Security" you are in the wrong forum.

[NickPortland]

I dont know if I need to post this on the economics section, but if a mod wants he can just move it anyways.

I want to understand, how bitcoin is supposed to work with goverments.
I know that its a system that doesnt have an official body behind it, and that is among the reasons why people use it, but there is a big problem that I wanted to know the answer too.

If a transaction has been made, the regular percentage that the goverment mostly gets, does not get to the goverments pocket, meaning that if bitcoin will become big enough, goverments might start making this all illegal, since they wont recieve the money that they are supposed to get.

In a sort of way, some people think that this is the way to go, to give people anonimity and not let the goverment in on your income, but, if bitcoin or any cryptocurrency will for example become as big as the dollar in the future, then goverments all over the world, will become poor.

you can pretty much guess what the outcome will be if that happens.
so is there a way to fix this issue?

Do you mean VAT and similar taxes?

[Elwar]

then goverments all over the world, will become poor.

you can pretty much guess what the outcome will be if that happens.
so is there a way to fix this issue?

That is the fix to the issue.

[gustav]

leger is public. They will soon enough have best oversight over every single transaction and tax the shit out of you.

[Rannasha]

I dont know if I need to post this on the economics section, but if a mod wants he can just move it anyways.

I want to understand, how bitcoin is supposed to work with goverments.
I know that its a system that doesnt have an official body behind it, and that is among the reasons why people use it, but there is a big problem that I wanted to know the answer too.

If a transaction has been made, the regular percentage that the goverment mostly gets, does not get to the goverments pocket, meaning that if bitcoin will become big enough, goverments might start making this all illegal, since they wont recieve the money that they are supposed to get.

In a sort of way, some people think that this is the way to go, to give people anonimity and not let the goverment in on your income, but, if bitcoin or any cryptocurrency will for example become as big as the dollar in the future, then goverments all over the world, will become poor.

you can pretty much guess what the outcome will be if that happens.
so is there a way to fix this issue?

The exact same applies to cash transactions.