Bitcoin Forum
January 27, 2020, 06:29:23 AM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 [42]
  Print  
Author Topic: Do you think Bitcoin can ruin a Country?  (Read 28015 times)
sambel90129
Newbie
*
Offline Offline

Activity: 82
Merit: 0


View Profile
November 27, 2018, 12:47:42 AM
 #821

Why would bitcoin ruin a country if it becomes its currency? No leader in a country in his proper thinking would allow bitcoin to be used as its main currency and not being taxed... It's simple as that, when it becomes a currency, then it will be regulated, besides, if you buy items using your bitcoin ( if it is already your currency ) there is already a tax in it, services too, taxes are in it...

So it can't ruin a country... Leaders will always look at its country's future before trying out new things...   Smiley
indeed a currency cannot damage the country, because the currency remains only a medium of exchange, so what can cause a country to be destroyed is the people who hold the money, if we examine bitcoin it really helps a country through the ease of making payments, and of course the world trade will be very helpful, so the results of the country's economy will be very advanced, because the trading system is very easy and the business world will be very developed.
1580106563
Hero Member
*
Offline Offline

Posts: 1580106563

View Profile Personal Message (Offline)

Ignore
1580106563
Reply with quote  #2

1580106563
Report to moderator
1580106563
Hero Member
*
Offline Offline

Posts: 1580106563

View Profile Personal Message (Offline)

Ignore
1580106563
Reply with quote  #2

1580106563
Report to moderator
1580106563
Hero Member
*
Offline Offline

Posts: 1580106563

View Profile Personal Message (Offline)

Ignore
1580106563
Reply with quote  #2

1580106563
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1580106563
Hero Member
*
Offline Offline

Posts: 1580106563

View Profile Personal Message (Offline)

Ignore
1580106563
Reply with quote  #2

1580106563
Report to moderator
1580106563
Hero Member
*
Offline Offline

Posts: 1580106563

View Profile Personal Message (Offline)

Ignore
1580106563
Reply with quote  #2

1580106563
Report to moderator
1580106563
Hero Member
*
Offline Offline

Posts: 1580106563

View Profile Personal Message (Offline)

Ignore
1580106563
Reply with quote  #2

1580106563
Report to moderator
aryatrals
Newbie
*
Offline Offline

Activity: 76
Merit: 0


View Profile
November 29, 2018, 01:21:57 AM
 #822

i think bitcoin is not gonna ruin a country but bitcoin will help the economy of a country with giving more benefits to citizen when they use bitcoin in daily life but this is not yet realize by government or they know before. its like using fiat in a country but we have more benefits that we can use it in many places in other country.
indeed the convenience offered by bitcoin is very good and supports the world of commerce, but if the country adopts bitcoin to become the currency of a country there will be many shortcomings that can not be fulfilled by bitcoin, one of which does not provide credit services, while the community now needs a credit system, such as credit housing, vehicle loans and some loans that are already a necessity for citizens, this kind of thing cannot be fulfilled by bitcoin, maybe the right step is bitcoin collaborating with conventional currencies and the bank to equally facilitate all the needs of the community.
zahed
Full Member
***
Offline Offline

Activity: 250
Merit: 100


BBOD The Best Trading Platform


View Profile
November 29, 2018, 01:47:06 PM
 #823

If Bitcoin is a one country currency i think it is able to ruin a country. Because first reason is BTC is not a stable currency that's why more possibility to affected in financial sector. Some one will zero to hero & some one hero to zero. Controversy will create in which country.

Dirk2017
Member
**
Offline Offline

Activity: 336
Merit: 10

“Crypto Depository Receipts”


View Profile
December 02, 2018, 05:58:55 AM
 #824

Well, i just thought, if bitcoin become a currency of one Country, maybe it can destroy that country? Think of it, Bitcoins do not have a tax, and tax are used by the government to make that country a good one, without tax, what will be used to spend and make that country a good one?

What do you think?

There are already lot of countries that are legalized Bitcoin and after 10 years of its existence i don't see or read any news that a country was ruined after adapting Bitcoin therefore the current event shows that your concern regarding country will be ruined is really not possible especially that crypto currency is now fully regulated.

mikronofficial
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile
December 02, 2018, 11:49:24 AM
 #825

well, thats a pretty good theory... shower toughts right?
DavidNiva
Newbie
*
Offline Offline

Activity: 80
Merit: 0


View Profile
December 03, 2018, 01:57:51 AM
 #826

i think bitcoin is not gonna ruin a country but bitcoin will help the economy of a country with giving more benefits to citizen when they use bitcoin in daily life but this is not yet realize by government or they know before. its like using fiat in a country but we have more benefits that we can use it in many places in other country.
if a country uses total bitcoin as their currency, there will be two results that will occur one about the excess or a plus for that country, namely the community will benefit, especially business people in that country they are very easy to buy and sell, tourists will also very easy, because travelers no longer need to exchange their money into the country, but there are losses that will occur, bitcoin does not have a feature of credit and collateral to finance one of the goods, there is no credit, the business people will be very difficulty in financing their businesses which are usually borne through credit.
Argoo
Full Member
***
Offline Offline

Activity: 868
Merit: 102



View Profile
December 03, 2018, 08:02:51 PM
 #827

Well, i just thought, if bitcoin become a currency of one Country, maybe it can destroy that country? Think of it, Bitcoins do not have a tax, and tax are used by the government to make that country a good one, without tax, what will be used to spend and make that country a good one?

What do you think?
Bitcoin will never become the official currency of any state. No state will ever give up its national money, because it is on national money that the economy of any state keeps and develops. If the state switches to the use of a foreign or "neutral" currency, which cryptocurrency is actually, then this will be very detrimental to the economy of such a state. However, it will not fall apart if it again switches to using its own currency.
Cryptocurrency can have a positive impact on the state’s economy if it goes along with the national money of the states. This will happen in the future.

DanielSmith
Newbie
*
Offline Offline

Activity: 3
Merit: 0


View Profile
December 04, 2018, 10:19:37 AM
 #828

Well, I think of it that bitcoin will not ruin a country, Just take a look the positive side it brings, bitcoin is providing good opportunities to its people for investment and trading and also the transaction which made through it is cheaper and faster, so bitcoin can be a good tool to make country financially strong.
KorakPawon
Member
**
Offline Offline

Activity: 350
Merit: 11


View Profile
December 06, 2018, 05:55:29 PM
 #829

Oh yeah definitely! maybe a country with more than 50M population, in that way their currency becomes more valuable than diamond.
Not to mention the lack of liquidity will be their demise if not lack of taxation.
When talking about the number of population, yes it is possible when the number of population bitcoin is huge, they will be very potential. But, the problem is not the people, it is bitcoin when the bad intention is what people do in doing transaction. So, bitcoin will ruin the system that will ruin the country. So, it depends on people's intention.
Ross.Thoms27
Newbie
*
Offline Offline

Activity: 75
Merit: 0


View Profile
December 07, 2018, 06:38:55 AM
 #830

Human being can ruin the country not bitcoin, because bitcoin is providing different types opportunity where we can some amount of money with the investment we made on it. Today bitcoin has provided many facilities like trading, altcoin, online shopping, online recharge etc bitcoin has become created user friendly in between us.
You're right, It depends on the usage of BTC and if the government will not abused people by using BTC, Bitcoin is just a bitcoin the people using it will be the problem, besides we are surrounded now of electronics and high tech gadgets bitcoin will be the new revolutionary currency.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 [42]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!