Quote from: SirLancelot on August 25, 2017, 12:47:38 PM

Quote from: ralle14 on August 24, 2017, 01:05:02 AM

Quote from: bcnaranjo on August 20, 2017, 11:53:34 PM

When Bitcoin will be universally accepted accepted by Government, of course it will be taxed accordingly. Do you think it will still be as in demand as it is right now, that makes its price higher and higher everyday.

Does the bitcoin community is ready for this?

In a couple of years or when bitcoin hits $10,000. Yes the demand could increase more in the future. I'm not sure about the tax because every country has different tax rules that follows. The government here in my country accepts bitcoin but doesn't recommend using it because they say there's a high risk of getting scammed (which is true if new users aren't informed on different kinds of scamming).

Your country is very much concerned about the safety and bright future of her countrymen. Your government seems sincere with the public and it is good if they are not putting any tax on bitcoins. As far as taxation of bitcoins is concerned, I think it will negatively affect the popularity of bitcoins.

but we cant avoid that to happen if more people will entertain this system government will notice that many people are getting good earnings and they will start to do some rules to get some share, we cant deny the fact that government always finding ways to earn from their people and sharing some taxes from bitcoin will follow.