Post
Topic
Board Bitcoin Discussion
Re: Bitcoin and Government.
by
MFahad
on 13/04/2018, 18:24:13 UTC
Is it good combination about bitcoin and our current government? lets talk about this things if these two option was combined in the future, Our government used bitcoin and spread to every people in there countries. For me it is good. why?

Because:
1. Is good for all businessman for good transactions. Buy something and sell something.
2. Is good for payments needs to pay like billings every month.
3. For less time and moved for travelling on anywhere we want.
4. Its easy to transfer money from other country with less taxes. this favor is aprove for ofw's
5. Easy to transfer money if they needed immediately like emergencies. pay for medicine.

Theres a lot of good reason.
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You're right but not every government think positive about bitcoins. Since it has some disadvantage. Plus if youre using bitcoin for daily basis what would you do with fiat. You don't pay tax to government and in the end government become weak and may call poorest country. Not only this, mostly people use bitcoin for drug sale as i said it has some disadvantage so selling drugs is also a part of  it .For me its hard to account bitcoin for government.