Do you think Bitcoin can ruin a Country?

[ambar33n]

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?

[ravenyvolle2]

Not enough i think. And the government will be "wise" enough to corrupt, i mean get taxes from trading sites or exchangers or to the users themselves.

It might also affect paper money that may lead to some closure of some banks. Just maybe.:) 

[Lolboysgaming1]

btc will not be used more than any other crypto and surely the contries will take tax of btc sortly

[ambar33n]

Do you know about Marshall Islands which have introduced SOV and US Dollar would also be accepted but as a side money you know? 

By that I thought how its all going to work. 

[jay240]

sure and it will be

[ambar33n]

I think, Bitcoin and cryptocurrency can ruin a country in terms of dividing the power of the government. The exchange rate/power of the dollar in each country in most cases is managed by central banks and the government. With cryptocurrency, a volatile and uncontrolled currency, you would decentralize the power causing a huge impact on the market. This case would only be valid under the assumption that the market fully adapts crypto and the government allows it to happen (in most situations, not likely).
 

[biggtune]

i think it'd just allow the government to tax even more..

[ambar33n]

uhm, can you explain a bit more? I mean how will it allow govt to tac even more, I mean its dividing the power of the govt.

[Kate]

Like in what way ? Tax wise then yes they will start charging 20% to 50% I am definitely sure since they all jealous of crypto users who make a lot of money and they dont know how to do it

[Amboybiz]

Of course if it will be use as currency of a country it will be taxed ...omg...