Post
Topic
Board Bitcoin Discussion
Re: Negotiation with government
by
DrGuns4Hands
on 27/08/2018, 08:44:01 UTC
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.

Let us consider your points.
Mainly, if we would be taxed on our bitcoin investment then most probably the government find ways on them to make their regulations and made it as a legal currency. In contrast, many investors would have to make a secure standing and viewpoint for bitcoin and other cryptos. But, it is hard and very difficult to realize, given the situation and assumption to convince people out of investing in it. The very reason for this is the nature itself; since bitcoin is a decentralized currency then it no one could possibly control it. It is also hard to monitor and if the government would want to regulate its transaction and flow in the market - then "good luck" to the government.