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
For me its impossible because if i am not mistaken the government uses people tax to improve our country and they use it in some other financial needs of our country.
Well, this is the reason why regulation will be the norm of the day with the usage of bitcoin and taxes will be imposed on its usage and this is one certain thing we cannot run from if we really want this space to evolve.
As long as the government is benefitting from those taxes and people are seeing the need where decentralization pays at the end, a lot of interest will start developing for the usage of bitcoin and that is where the growth and mainstream adoption will even start from.