Quote from: alkaint on January 17, 2014, 10:08:05 PM

Quote from: lophie on January 17, 2014, 04:55:08 PM

Quote from: alkaint on January 14, 2014, 01:57:58 PM

Quote from: cAllisTo on January 14, 2014, 05:56:44 AM

i got loads of good informations and oponions through your thread . but i want to ask a question ... Do you think the Government in countries like Uae or Saudi Arabia accept bitcoin as a legal Curreny ?
in my Opinion they can simply deny it just like china if they see its going big and bigger . Bitcoin can Hurt the profits on the Current Banking system and im sure they wont let it to happen .

hello , i thought about this BUT by looking at our system i won't be worry , the most important factor here is we pay ZERO taxes , it's the otherway around actually , the gulf governments pay taxes to the locals through tons of channels like supporting oil prices and food , free educations and healthcare, hell u can even get paid by the govermnets to get healthcare or education and get salary if you like doing it in other countries ^^

so i don't think the government will be worry about locals trade their currency for BTC , hell i think 70% of the currency are going outside the country by the contractors and labors channels alone

that and our governments are so stupid techwise to know what BTC is , if they ever gets the different between twitter and facebook Grin

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Hello, I urge you to read about subsidies and budget defencies solutions as well as passive taxation through tareefs.

We have very high taxation rate with psychooogical manipulation.

- Lophie

well , asking someone to read more about his opinion when disagree with him without an input on the subject is diffenetly not a healthy way for a debate

check how much ppl earn per month in top countries before and after taxation for example a teacher in USA will find himself with only 2000$ per month after taxes and he still need to pay the bills and rentals , while in saudia you don't pay a shit for anything except your rental home if you don't own one or living with your family which is not a curse like other westren countries infact it consedered a good deed localy

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i'm not praising our government in fact i belieave they do shity job economy wise even with their subsidy i'm just stating Bitcoin position in our taxation system , its more than safe here and i can't imagine how the government is going to tax it . plus don't forget gulf countries is not capitalist so again we are safe

Higher VAT and lower minimum wage, Higher tareefs and govetmental fees and a hysterical yearly reports of 40% of the budget spent on "utilities", Lack of "taxes" means when tens of thousands die in Jeddah because they DROWNED over a couple of inches of rain, no one even understood the implications, and much more.