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?

[Miftakhul]

I personally do not seem bitcoin damaging the country it will help the country, such as cash currency is also not pajek but will help

[altcoingamer]

I don't and even if it could happen, I'm not really gonna let it affect my decisions.. Bitcoin can help many people.

[sugarchrisp]

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?

The volatility of bitcoin would make it impossible to have as a state currency.  Like, oh man we were gonna build three schools and a hospital next week but too bad bitcoin tanked, guess none of those laborers can feed their family now.  Taxes are a necessary part of any country, you need the infrastructure of a country taken care of usually by the central government just because it makes more sense to do it that way.  It's just better efficiency. 

[ambar33n]

I'd suggest you guys to go and search about Marshall Islands SOV.