if too many people is using bitcoin then government will make rules to tax bitcoin transaction and maybe the government will banned bitcoin, but actually now we already pay bitcoin taxes, everytime i exchange my bitcoin in local exchanger they will charge few percent of my bitcoin
I think if the government still forced to give taxes to the bitcoin will not run both because someone could manipulate their bitcoin address because bitcoin is anonymous so that the government will not know if you have a lot of money in another purse? bitcoin tax will not be perfect
There is no way the government can track down every bitcoin address and tax them. Their only option is to rely on your honesty that you will declare your bitcoin income correctly. And that is a loophole you can always abuse. That is why government will not support bitcoin, because they cannot control it.
yeah it because bitcoin has an anonymous system where no name has been written in each address, so the government will not know if the bitcoin addresses which have very large bitcoin is yours lol. yeah that's probably why until now the government was reluctant to accept bitcoin?
And I don't think is the government will regulate and implement taxing bitcoins. Because they are not able to control it and every transaction there is already miners fee and we, bitcoin users are already treating those fee already as the tax that are automatically deducted everytime we are transacting or sending bitcoins.
What the heck are you talking about? Mining fees have nothing to do with actual taxes. It's just a fee for the miners, so they can prioritize transactions that have higher fees, in the sense that those get included in the next block faster.
And that Bitcoin can survive on fees only after the last block reward is issued.
Governments can and will tax you if you trade Bitcoin for fiat, most countries just treat it as another asset. Bitcoin is indeed fairly anonymous, but there are companies that can track transactions, plus every transaction is and stays recorded.
Stop spreading this kind of nonsense.