I am presenting a speculative idea and a conspiracy theory and here it is: China is planning to kill the whole of the cryptocurrency market starting with the biggest of them all Bitcoin and all the rest will follow. In fact, there is a detailed plan being worked out on here and it started with the banning of all ICO projects...next is the ban of all Bitcoin exchanges and soon all citizens of China having Bitcoin will be imprisoned for 20 years (only 5 years if the person will surrender his Bitcoin to the government for possible burning).
Do you think am I hallucinating due to the "shabu I bought coming from China? Or am I only making some predictions that has more chance to come true than playing in lottery?
Please tell me what you think...and let's have some fun!
Well why should china burn the coins ? There should be a services who accept bitcoins as donation. But i am afraid with tax. If government start accepting bitcoins they can applied highly tax for sure. So my answer is yes bitcoin can help community by donation. The amount which government gather in form of bitcoins from citizens should be donated to help the poor.
Well, that sounds better if government will donate the money to the poor community instead of burning it literally. I don't think it's good that it will be legalized in the country and tax implementations might be abused. I may lead to over taxation and corruption will really take place for that in the future.