Quote from: Pasaway2701 on April 27, 2018, 10:53:40 PM

Quote from: Falconer on May 20, 2015, 06:14:07 PM

Quote from: hasmukhh on May 20, 2015, 04:18:33 PM

bitcoin is a digital currency . it is money in the digital world. inorder to make it stable currency it should be utilized by many number of people for a longer time. when something becomes famous it is automatically used by several other people. the government will recognize its value when the whole world starts using it and hence it will be stable.

When the government has recognize bitcoin, he will ask the high tax for that. Government always make a tax for anything from his people. I think bitcoin doesn't need intervention from government.

That is the problem when bitcoin accept by the government, this will be hard for them to regulate it. Giving high tax is impossible there is anonymity of the accounts. They maybe add tax to the establishments that using bitcoin as payment to them so that the government can get into it where can be use for the growth of the economy.

Bitcoin and crypto can't go full throttle without the government allowing it. The regulations that most governments will implement isn't just for taxes but it will make sure that certain problems with crypto can be addressed. It's inevitable that it'll be taxed but i think that's a small price to pay for this industry to be able to move forward well into the future.