Post
Topic
Board Economics
Re: Why do people keep saying BTC is dead?!
by
Dotakels
on 26/05/2015, 02:55:06 UTC
But they dont adopt it easily in business because bitcoin need some regulation to make it clear that we can use it for businees

BTC doesnt need a regulation for it to be used as payment options. Basically regulations depends on each goverment, on the other hand some government are supporting and some banned BTC in their country. Having some regulations means that BTC is bowed to the goverment which is not the purposes of BTC to be a decentralized currency.

All people need is not a regulations but education on how better BTC is against FIAT. Some people just dont know how BTC is better and it can be change

If there are no regulations for the payment method or other things about bitcoin I dont think the government will support about this bitcoin in some countries. They will support this bitcoin when it comes to some profit that government can "eat".

The goverment will not support BTC since it brings them no good at all, things that cant be control or yearn some benefit for the goverment will not be consider at all . Basically they will just leave it aside and if things tend to be threatening then they will bann it i.e Rusia.

Furthermore, there will be huge rejection on applying tax for BTC incase the goverment want to gain something from it. This "tax" things has been issued year ago. You might want to read this ARTICLE and this ARTICLE too



Applying tax to btc is a pain in the ass tho. Imagine you bought BTC in an exchange that is now dead and all the information of the buys and sells are over... so what are going to do if they ask?
Yeah. What they are going to do with they collected coins. And also what is the benefits that we can get if we pay taxes? i think it would the same as the thing in fiat money, they will corrupt the money and they put it in their address.