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
I think tax would have many good affect to bitcoin than bad. My point is, if the government decide to pay tax on earning and using bitcoin, that's mean they have ways to control it and protect the user, especially they will have law for bitcoin transaction and even more. Thats not really bad actually, bitcoin holders will feel safer when decide to use bitcoin, scammer will be punished (just like crime, stealer, robber,...) by law. secondly, taxing will help that country avoid from losing money to another country and losing tax from payments, and I believe that, the economics of that country will grow up because the money from bitcoin is take part in their finance.
BUT, till now, there are no way for government to control and tracking bitcoin transaction (and never will). So, I don't think they could put tax on it. lol