Quote from: Persiville on June 06, 2018, 03:31:46 AM

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Quote from: daarul50 on March 30, 2018, 07:58:22 PM

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

It is true that governments are not getting any revenues from crypto currency, but should it be taxed? For me, I don't want my hard earned money to be taken away by the government, it is true that we use taxes to better our economy, but it is also true that most politicians are corrupt and we cannot control them, once they realize bitcoin's potential they might take it, it is a good thing that bitcoin still is anonymous. As of now, I am comfortable eith my investments in crypto currency, I think what thr government should just watch out for is for those hackers that would want to infilatrate a nation's security, rather than those who are trying to make a living, for the third question, I think it is much better if those who are in the community will make the regulation, rather than some outsider who thinks they know what they are doing.

They do not care about what we want, they see a new industry and governments cannot stop themselves from wanting to get what they consider to be their share of the pie, but for the first time an industry was designed to avoid exactly that and governments do not know what to do, they never faced an opponent like cryptocurrencies before, they are very good at dealing with centralized enemies but they cannot really understand how to deal with a decentralized enemy.

I somehow agree with you. As of now, the only thing they can do is limit the usage of crypto or worst case scenario would be banning crypto. The regulation of crypto is what most of the people are also waiting, most specially those companies who are also interested about the blockchain technology.

Even if they would limit the usage of cryptos, they cant stop people from using these crypto because the people are earning huge profits from these cryptos almost every day in their lives and they wont let anybody, not even the government to stop their profits. If the government would ban crypto exchange in their country, they would find other means of transactions.

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