Post
Topic
Board Bitcoin Discussion
Re: Do you think Bitcoin can ruin a Country?
by
Snaic
on 25/10/2018, 18:41:29 UTC
Well, i just thought, if bitcoin become a currency of one Country, maybe it can destroy that country? Think of it, Bitcoins do not have a tax, and tax are used by the government to make that country a good one, without tax, what will be used to spend and make that country a good one?

What do you think?
If Bitcoin is accepted in a particular country as main money and replaces national money there, this will be a big problem for this state, but not a single cryptocurrency is able to destroy the state. In this case, a decentralized cryptocurrency will quickly unbalance the economy of this state, since it does not interact with the economy in the way the national money did. Therefore, I do not think that ever the government of any state will decide on such a stupid act.