I've been heavily taxed so let Bitcoin be tax free, and how much money should I spend on Bitcoin taxes if bitcoin reaches $ 10,000.
Let not Bitcoinyang be taxable but the transaction  just taxable..

Yes I think this is possible because bitcoin is now one of the most popular and useful currency now and large amount of people invest in bitcoin and that’s why government make a lot of plans for them to use bitcoin easily therefore for that security they put on tax on bitcoin.

There are going to be a lot of consequences. Obviously the profit will descrease drastically becaude since bitcoin price is so higher they are going to put a minimum 10-15% tax. If governments will start involving in bitcoin they are going to be like the owners of it because they can create absolutely any law and also apply any tax.


I personally think it is hard for governments to control every transaction and put tax on everything that someone is withdrawing through bitcoin because there are no details about the person who sented the bitcoin and the one who received.

Government has to create a special program so people are going to use bitcoin only through that program and every transaction is verified by them. This seems very hard and it is not going to happen very soon

I think people would find any other way to withdraw and use bitcoin and it's really hard to regulate it, because of the possible services, goverment still cant conrol everything, I know my country want to to provide the tax for miners and other people who are using bitcoin, but how they are gonna realize idea I dont get it, if people earning 80$ per month or 60$ taxing people even with bitcoin it's not a wise choice

For a government to have the power to block, deny or reverse transactions mate, they'd need to have control of and over %75 of total hash power, more

Miners would join to mine their own transactions, governments would increase their hash power, arms race will continue to a point of not enough electricity

To keep their miners running, with the first signs of governmental control over the network, miners+nodes will ban any misbehaving pools. full nodes are very

Important to be under people's control, if they can become a full node majority then Bitcoin will die due to centralization, I'm a small BTC holder mate, yet

I'm running 4 nodes, a tax+gov free Bitcoin is my first priority.

I can't imagine how the G will be able to monitor all the transactions and crpto is not within 1 country, it is globalized, so how to create a 'fair' tax system....

That will be terrifying, we all know that the decentralization is one of the best feature of bitcoin. If the government put tax on bitcoin, then I think the decentralization, the way we avoid to these taxes from the government is gone, and that is obvious that the price will go down and the users will find another crypto currency that they can use.

If the government levies taxes on special currencies, there's no doubt that the market will soon have a lot of heat in the city, but I think it's going to be hard to achieve, or it's impossible, because bitcoin is circulating around the world. It is not a commodity of a country

I think it will happen. Probably goverments have started to plan about BTC tax. I don't know how they can but what ever happens BTC will stay as King, don't worries.

How sure you are that it will be happen? Because no government officials or branch are involve or has the connection to bitcoin. It will not declare or they are not suppose to put tax or everything on bitcoin. They are not part of it.