What if people convince governments of their nations to make Bitcoin as a legal currency or what if we agree to give tax on our bitcoin income? Will government then make Bitcoin a legal currency.
I think it would make people be controlled by any leaders. With that, many bitcoin users will complain and will not appreciate this kind of procedure.
However, I believe this regulation of the government will surely become helpful on the society. The taxes that came from bitcoin procedures will help the community about the building of the nation. Thus, the regulation of the government will eliminate cybercrimes in the internet.
Bitcoin considered as one of the representation of innovation in technology. With that, it should be part of the productive and helpful society.
