Will you leave the country or will you stay, stand up and fight for your right?

[cheezcarls]

I'm just fortunate that Philippines is one of the crypto-friendliest countries in the world.

However, taxing cryptocurrency earnings is one of the challenges that the government is facing these days. But for now, they just base our taxes in realized earnings where we cash out from crypto to fiat to any regulated bank, mobile bank, etc.

Let's say I am in a country where Bitcoin and cryptocurrencies are illegal. The safest is to look for an underground community who does P2P transactions and also use a VPN when trading or interacting in any crypto exchange platform.

As I cannot see myself in leaving this emerging space, leaving the country would be a tough one and may take some time to change citizenship or so. On top of that, it would cost me a lot of money to process everything plus the board and lodging, everyday food, etc., that you need to sustain yourself.

If you look at China during the times they outlawed Bitcoin and cryptocurrencies, there are still so many Chinese communities who are using Telegram and other apps to communicate and do crypto trading. It's all about doing whatever it takes even at this tough situation where crypto is outlawed like in Nepal, Egypt, etc.

[romero121]

In each and every country we were able to experience these kind of things. Whenever a law is introduced, somehow it affects certain group of people or a community. For this if they choose to keep running, we can't be sure of the situation in the next country. This is the hard reality, and in such situation we should have the mind to accept and live. This is where we've born and lived for years, moving to a new country and getting adopted to the change isn't not an easy thing. Already an user stated about being in a third world country and once again moving to a third world country wouldn't be considered. My stand is also the same, when we move to a new country, surely our minds will think of a better nation. If we start thinking of the difference in spending, lifestyle, finding a job, everything will be difficult. When the law doesn't affect the living there is nothing to fight, it is possible to live without bitcoin.

[RaveniaPX]

this was most likely inspired by the bitcoin university video right? he uses exactly the same language.

[Assface16678]

I will be more interested in working in shadow. Well, I think my country will never ban crypto currency, and even if they do, they will never stop me from investing and doing bitcoin stuff. I'm an IT professional, and I know how to do things untracked, so even if they ban any access to bitcoin, it is easy to bypass that. About the group that discriminates against bitcoin, I guess they are hired by the government, maybe, or anyone else that is afraid of the potential of bitcoin, as if it continues, we know bitcoin can be powerful in the future. and as it's powerful, no one could control the bitcoin, only us, the holders and investors themselves. I'm not afraid of anything as I keep my bitcoin stuff secret only known to my trusted friends that also do bitcoin and crypto stuff, we will fight for it? yes but silently.

[Ale88]

If this law is eventually legalized, we are going to have Bitcoiners who would be persecuted and jailed for wanting to fight it. There are going to be Bitcoin martyrs. Will you leave the country and take your Bitcoin with you, or will you stay and stand up and fight (non-violently) for your rights?

It depends whether you care about your own country or not. I'm not American, I know Americans are very patriotic mainly because they think they are the best country in the world, but looking from outside it doesn't look like the American government cares too much about its own people so, if I were American, I would simply move somewhere else. Many laws and bans are made because someone can make a profit out of it, not because they are actually good for people.

[blue Snow]

Will you leave the country and take your Bitcoin with you, or will you stay and stand up and fight (non-violently) for your rights?

Yes, I will fight 1st to hold my rights, but if I'm no longer to fight it, I will leave the country and go to El Salvador.

I don't know why a strong country that always upholds freedom always binds and shackles its inhabitants. this is a big dilemma for the people who want to freedom and make his decisions. the government always states the truth, but in action reversed from what they said. The government always upholds human rights, but in fact, they violate themself for justice. The world is experiencing chronic cancer, This world needs to be saved by a fair leader where it's no longer exists.

[bayu7adi]

Beforehand, my apologies. Bitcoin is not the single most important facet of my life. I still have a family that continually supports me, friends who constantly provide solace, and a home that remains a comforting sanctuary for me and those close to me. Nevertheless, I remain enamored with Bitcoin because it has afforded me several opportunities to enhance my quality of life.

Alright, concerning my perspective on potential government regulations that might discriminate against Bitcoin enthusiasts (should such regulations come into effect in my country), I would reluctantly part with my Bitcoin holdings and choose to stay in my homeland. I wish to remain with my family and friends here, without the need to emigrate in order to preserve my affection for Bitcoin. Even if I no longer utilize Bitcoin, it does not diminish my love and gratitude for it.

My primary objective is the well-being of my family and close associates, while Bitcoin has been the driving force that has significantly contributed to my life thus far. I shall not harbor any ill will towards Bitcoin, even if I opt to remain in my homeland under regulations that may not favor Bitcoin enthusiasts.

[Blitzboy]

There's no doubt that the Philippines has made a place for itself on the world stage as a crypto-friendly country. The government is taking a good, forward-looking step by being bold. Still, the problem of how to tax cryptocurrency gains is a problem for everyone. A lot of countries are trying to figure this out, trying to find the best balance between encouraging new ideas and making sure they are responsible with their money. You are exactly right about how realized gains are taxed when crypto is converted to fiat. It makes sense to take that step, but is it the best one? What about the little details of peer-to-peer shopping?

It gets less clear as we go deeper into the P2P world. Countries that have made crypto illegal are pushing crypto fans like you into these dark places. It's great that you brought up China and their well-known crypto bans, but it's also a well-kept secret that underground groups are doing very well there. People are very creative when they use Telegram, VPNs, and other tools to get around rules. But it also raises the question: why should states play this game of cat and mouse when they could just accept that the future is here and build strong frameworks?

[famososMuertos]

Why there are only two options? there's the third option: stay in the country and stay private.²

Leaving a country just because your country aren't friendly with Bitcoin isn't a good choice because moving to the other country is really hard due to different culture, language, place, people etc. While stay, stand up and fight for your right is a something stupid since you're risking your life to go jail.¹

There is an ambivalence in your idea."1" y "2".
Fortunately it ideas and those people take us forward in the fight for our right is.

 (1) "While you stay, stand up and fight for your right is a something stupid since you're risking your life to go jail."

Ok, basically it goes with what I said, fortunately what they get us "freedoms" are stupid people. (sarcasm)

Anyway, according to you, we can go to prison for fighting, but what you mention before:

(2)"stay in the country and stay private."

It sends you to jail anyway, you may succeed... but hiding from the IRS is not the best idea for any American citizen, in fact your geographical location is the least important thing, no matter where in the world you live, you pay taxes.

bitcoin is definitely a very powerful social-financial weapon, but that is not enough, we must fight against those who oppose them, but ignoring the laws that govern us to achieve our rights is not the most intelligent way, anonymity is its own condition of the individual is a right, and we must fight for that to be achieved in some way.

So being legally anonymous, complying with your tax rights is possible, you have to agree to pay taxes but not give up the right to be anonymous.

Then, for Americans: "They need to do the homework, no matter what".  It works like that, otherwise they would have to give up their right to be Americans.

[Iranus]

Beforehand, my apologies. Bitcoin is not the single most important facet of my life. I still have a family that continually supports me, friends who constantly provide solace, and a home that remains a comforting sanctuary for me and those close to me. Nevertheless, I remain enamored with Bitcoin because it has afforded me several opportunities to enhance my quality of life.

Alright, concerning my perspective on potential government regulations that might discriminate against Bitcoin enthusiasts (should such regulations come into effect in my country), I would reluctantly part with my Bitcoin holdings and choose to stay in my homeland. I wish to remain with my family and friends here, without the need to emigrate in order to preserve my affection for Bitcoin. Even if I no longer utilize Bitcoin, it does not diminish my love and gratitude for it.

My primary objective is the well-being of my family and close associates, while Bitcoin has been the driving force that has significantly contributed to my life thus far. I shall not harbor any ill will towards Bitcoin, even if I opt to remain in my homeland under regulations that may not favor Bitcoin enthusiasts.

Bitcoin has improved our lives a lot but it is not the only thing that can feed us. Don't forget that before bitcoin appeared, we could still live and survive without bitcoin. So, if I had to choose, I would choose my family, bitcoin is not something valuable for me to trade my family to choose it. To me, bitcoin is just money, nothing more, nothing less, and there are many ways to make money, not just investing in bitcoin. So if I don't have bitcoin or lose it, getting my money or bitcoin back is not too difficult for me, but if I abandon my loved ones just for money then I will never find them again.

[michellee]

It all depends on the situation and circumstances. If things change for the worse, we can't force ourselves to stay in the United States, especially if we lose most of what we have. But what if there was a massive demonstration that could defend people's rights? Don't forget that large-scale demonstrations can change laws because many people don't like them.

And if the United States government continues to act harshly by persecuting and imprisoning people, that will be contrary to human rights. Some countries will defend the people of the United States because the government has confused politics with people's rights. There may be a large-scale population movement from the United States to other countries because it is no longer possible for the population to survive.

The United States has not always been a powerful country among other countries. Maybe now it is still a powerful country, but will it still be in power ten years or even 25 years later? Nowadays, many small countries are starting to grow better and if they no longer agree with the United States, they can look for other allies.

[Kakmakr]

You do not fight the government by avoiding them or relocating to another country..... you fight them with your vote. The government that makes stupid decisions like that, should not be in power..... so you should vote for another political party that will support Bitcoin.

You should also garner support of all your friends and family that can vote and use all those votes against them. A government can only have influence over Bitcoin, if we allow them to stay in power. 

[DabsPoorVersion]

You do not fight the government by avoiding them or relocating to another country..... you fight them with your vote. The government that makes stupid decisions like that, should not be in power..... so you should vote for another political party that will support Bitcoin.

You should also garner support of all your friends and family that can vote and use all those votes against them. A government can only have influence over Bitcoin, if we allow them to stay in power. 

I'm not against your opinion, however, how will people know if the candidate/s that they are going to vote for will support Bitcoin?

Including Bitcoin as a political platform is never heard of. The talks regarding Bitcoin/Crypto were only included if it is raised by many people. Also, there's no guarantee that the political party will continue to support Bitcoin if ever being selected or won with the citizen's vote.

Aside from that, a newly elected politician/s can't easily change the implemented law. Meaning, that even if you voted for them the law continues to become a law. Unless it is suspended by the highest position in the government, which is the President.