Quote from: 1Referee on January 04, 2017, 10:42:24 AM

Quote from: skyway1 on January 04, 2017, 10:31:37 AM

i think bitcoin have do not tax because bitcoin is not approved by any government and but i think one day we will be pay bitcoin tax and i hope that all government will be adopt the bitcoin because nowadays bitcoin is very much popular and acceptable in anywhere for online shopping.

Governments don't have to directly mention Bitcoin as being something that can be taxed. It's very simply, if you have $100,000 sitting in Bitcoin, then it adds up to your wealth, and over you wealth you have to pay tax. If you use these coins to trade with, and you make whatever percentage of profit, then you have to pay tax over these profits as well. And the $100,000 figure I mentioned was just an example as it can be any amount from a decent level. Other than that, governments will not adopt Bitcoin. That's something you should forget about.

That's what is so curious to me though! The fact that governments won't and I don't see how they could possibly adopt it. It's so curious to me because in my head, bitcoin is going to change the world. It absolutely will, it just needs time. Time for people to learn it, to trust it, and to adopt it. So with that fact planted in my brain and assuming that world becomes a reality in the future, there are only two equally wild scenarios that could possibly then play out. Scenario A is the scenario in which the US government adopts bitcoin. This scenario we know to be impossible. This only leaves scenario B in which a financial revolution takes places, and only god knows what happens then. It's what happens when an unstoppable force meets an immovable object.

Am I crazy, or am I not the only one who feels this way?