Hi,
Let's suppose that Bitcoin became adopted everywhere such as paying bills with Bitcoin,getting salary with Bitcoin,shopping,restaurant etc...
How your country gonna survive if you only use Bitcoin in a daily basis? I mean a country cannot survive if individuals doesn't pay taxes,well with Bitcoin you don't pay any tax right?
How this gonna be possible? Please shed for me some light on this.
Thanks
If that happens, surely, government will also put tax on bitcoin. Every single transaction will also be taxed. Government will put regulations especially in digital assets you have.
In real life I think it is far from the truth. Assuming that bitcoin became universal it has advantage and disadvantage. Advantage in terms of time, it is hasslefree and less time of processing as long the internet connection is fast because it can really affect the transactions of different payments and also it can give extra income and profit while the disadvantage part is, the value is not totally stable, then there is possibility that many will be in unemployed list.