Ninjastic
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Re: possible government regulations?
by
deisik
on 28/11/2016, 18:16:03 UTC
Quote from: Vinz24 on November 28, 2016, 01:06:35 PM
Quote from: arseaboy on November 28, 2016, 08:22:35 AM
Quote from: deisik on November 27, 2016, 09:46:12 PM
Quote from: South Park on November 27, 2016, 05:19:25 PM
Quote from: deisik on November 27, 2016, 03:34:21 PM
And to mitigate the problem would mean to ban Bitcoin, right?

Crimes happen not because of Bitcoin but because there are criminals (or would be criminals until they get caught and convicted). Blaming Bitcoin is like blaming the gun and not the guy who pulled the trigger. Though you are right, at least to a degree, that governments don't care and more often than not just don't want to deal with the real causes of a problem
Correct, and why the government doesn't want to deal with the real problem? Because they can get more power because of it. If there is a lot of crimes governments can ask for more taxes and more intrusive laws and people give in because they want those things to stop but it doesn't.

I have to agree with that

Government (any particular government, for that matter) seems to be the worst problem "solver" out there. Instead of dealing directly with the root of the problem, they seem to be more busy incessantly fighting with symptoms. I guess if it were any other way (and any other way would still be a better way, lol), people would start questioning why there are so many slackers and shirkers sticking around in the government. Rephrasing Winston Churchill, we can always count on the government to do the right thing after they have tried everything else

And that is why we most of us here in bitcoin community don't agree to have a government intervening with bitcoin. Because it would be a bad news for us if they will apply taxes and some fees to every transactions we made using our bitcoins.

No matter what happens the government still has the right to intervinig bitcoin, they can put tax on it or ban it. We just all hope that they can create a law to bitcoin to be more useful to everyone.

One should never forbid what one lacks the power to prevent

And the same applies to taxes even more. Outright banning Bitcoin in a any single country may in fact add popularity to it (though this is debatable). It could be argued that the government wouldn't ban something which they were not afraid of. Further, once they decide to impose some tax on Bitcoin, they will have to decide as well how to make this tax collectible, and that may turn out to be expensive up to a point where it makes no sense to tax Bitcoin at all. Needless to say that most if not all bitcoin holders will quickly turn into committed tax evaders