Post
Topic
Board Economics
Re: Government & Bitcoin
by
jkrules
on 29/03/2016, 07:19:35 UTC
Make bitcoin not being legalized at some countries just will opend the black market with people making fortunes into bitcoin ,the same way as happens at dollars at Argentina the goverment tryed to control but the outside market reacted on the same moment.

Argentina does not represent the typical government, but yes, it does show that a government's efforts at limiting bitcoin will fail.

Banning bitcoin will just really result in fail as the government cant really track their citizens constantly and people wont even allow that they are being tracked.

The situation is even worst in developing countries as majority of the people have an average income and they have to pay taxes too so it becomes really difficult for them to save so I believe that government should wave off the taxes of the people below a certain income.