Author Topic: Can cryptocurrency ruin a country? (Read 3452 times)

Domithra · « **on:** May 14, 2018, 04:19:31 AM »

Cryptocurrency can never ruin a country in anyway. Just imagine a country with its government involved in Bitcoin, such country will rather have enough revenue to cater for the development of the country instead of relying solely of tax. Anyway, cryptocurrency users are indirectly taxed whenever the is a conversion from cryptocurrency to fiat (unknowingly through several means).

Altcoins Talks - Cryptocurrency Forum · « **on:** May 14, 2018, 04:19:31 AM »

This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here

Zed0X · « **Reply #1 on:** May 14, 2018, 04:44:55 AM »

I do not think cryptocurrencies can ruin a country. It may actually help them.
Regarding tax, I agree with your point that crypto users are taxed indirectly whenever they convert to fiat. I've seen some measures done by central banks to monitor crypto to fiat conversions.

dentolas · « **Reply #2 on:** May 14, 2018, 10:14:03 PM »

cryptocurrencies can help a country to grow and succeed... i don't think they can ruin a country... ruining banks is a whole different story...

Deci9 · « **Reply #3 on:** May 20, 2018, 10:27:55 AM »

Cryptocurrency can't ruin a country if she is acquainted with the understanding of how it works. Such countries are most likely to be successful in a few years

ZionRTZ · « **Reply #4 on:** May 20, 2018, 01:37:58 PM »

I do not see any way how cryptocurrency can ruin a country. It can actually improve them. No need to print lots of fiat.

julliandrey · « **Reply #5 on:** May 26, 2018, 01:27:17 PM »

i dont think that crypto can ruin the country in fact it helps the country to improve and be more successful in the next generation

Claus · « **Reply #6 on:** May 26, 2018, 02:15:47 PM »

The best cryptocurrencies can do is to change the lives of people who into its idea but for it to to ruin a country I really doubt it

Altcoins Talks - Cryptocurrency Forum · « **Reply #6 on:** May 26, 2018, 02:15:47 PM »

Esiduf222 · « **Reply #7 on:** May 27, 2018, 03:53:59 AM »

Cryptocurrency can never ruin a country as it also provides ways of living for others.

spatialiste · « **Reply #8 on:** May 27, 2018, 06:28:08 AM »

Crypto will not ruin a country but save the world

, by ending free money for the rich and too expensive money for the poor, by ending the impression of billion dollars every month, we will finally have a healthy economy. but like any new model, it takes time for ideas to change.

X-master · « **Reply #9 on:** May 27, 2018, 11:56:28 AM »

Yup! Crypto currency will never be a way to ruin a country the problem is the world is not yet fully understand the use of crypto currency which the reason why until now many are not yet accepting it.

Shadow615 · « **Reply #10 on:** May 27, 2018, 12:04:51 PM »

Quote from: Domithra on May 14, 2018, 04:19:31 AM

Cryptocurrency can never ruin a country in anyway. Just imagine a country with its government involved in Bitcoin, such country will rather have enough revenue to cater for the development of the country instead of relying solely of tax. Anyway, cryptocurrency users are indirectly taxed whenever the is a conversion from cryptocurrency to fiat (unknowingly through several means).

I don't believe that, the crypto can ruin a county like any other things eg coruption, bad economy, inflation or so on.

Friendlyhorse · « **Reply #11 on:** June 05, 2018, 01:14:55 PM »

If it is hardly influencing national currency and banks then of course yes and I am sure government will not let it happen. This is what happens now in China.

comer · « **Reply #12 on:** June 05, 2018, 02:46:07 PM »

on contratry! cryptocurrency helps improved contries in terms of revenue grneration. it also improves people lives and it may education large population on how to be involves in investment.

u01p113 · « **Reply #13 on:** June 05, 2018, 03:02:38 PM »

I think that no cryptocurrency can ruin any country. Cryptocurrency and blockchain technology can help the country to evolve.

Aljay7 · « **Reply #14 on:** June 05, 2018, 03:30:27 PM »

Cryptocurrency can't ruin a country because cryptocurrency is just helping the country to make life easy, but cryptocurrency can ruin the ruler of the country, for example:government are doing their best to serve their country and make it better but some of them are not agree on cryptocurrency like bitcoin. On the other hand, people love cryptocurrency that's why some people are not agree in government and the government ruined their reputation.

News:

Poll

Can cryptocurrency ruin a country?