If the goverment put tax to bitcoin transaction, what will the consequences?
The profit will decrease and attraction also decrease in my opinion. How about yours
If the government does tax bitcoins, a lot of people will lose interest on bitcoins. Maybe people will actually stop supporting bitcoins because it is not decentralized anymore. This will also make transaction fees more expensive because of the tax imposed by each government.
Why would anyone lose interest cause of taxes? You pay taxes now if you are old
enough for that. Taxes should be used for country infrastructure, to help the citizens
that needs help, and many other good things. If Bitcoin become currency in some
countries same Bitcoins should be returned in country and help all citizens in some way.
Taxes need to exist, there is no other way for country be functional d to have good and
reliable social program. We need to pay taxes, that is reality.
