Quote from: milewilda on November 05, 2016, 02:46:53 AM

Quote from: South Park on November 04, 2016, 11:48:57 PM

Quote from: shyich03 on November 04, 2016, 02:37:24 PM

Quote from: Zadicar on November 04, 2016, 03:24:51 AM

Quote from: Ziskinberg on November 04, 2016, 03:06:18 AM

There's a regulation that is already functioning for the exchange sites, like in my local exchange,we were required to comply with he KYC Policy and fill up all the information that is necessary. With that rules, we have no choice but to follow and i guess it's just fine because exchange sites are legitimate and they are operating with the license granted by the government.

What I am afraid of to happen, is the time will come that our transaction will be tax..

We cant do anything about that because its been required by the government and exchangers would have no choice but to follow same as you mentioned. Its somehow a good move for exchangers to be registered or legalized because we could assure ourselves on the legitimacy of a certain sites. You said that you were afraid to put or impose taxes on our bitcoin , its an impossible thing to be happen for sure.

Politics and economics have always been so tightly linked to each other. If one day bitcoin and other digital currencies become the main stream and replace centralized currencies, I am guessing there will be changes in government policies as well. After all the nature of bitcoin makes transactions harder to trace, which opens up windows for illegal activities. With this new form of market, the government quite possibly would end up having less and less control.

Any measure that governments or banks may wish to take will come way before bitcoins becomes the dominant currency, since if they wait for too long it will be too late since nothing could stop bitcoin at that point.

I would tell you this bitcoin would never become a dominant currency even how it would rise up on the future. It would remain as a digital currency and nothing can replace fiat in any way. As long bitcoin cant be controlled its not possible that it would be regulated to impose taxes to those who uses it. If government would able to control bitcoin then for sure we are all f*cked up but still im confident that it wont happen.

Well, I was responding to an hypothetical scenario brought by another user, however while it may be very difficult to achieve dominant status is not impossible, if terrible economic crisis way worst than the 20 crisis affected the whole world for decades then there is the possibility people will turn their back to fiat and embrace bitcoin.