Bitcoin and Economy

[kent47400]

You forget one thing from this story.
You don't understand the system developed by Bitcoin, Bitcoin can be seen by you when you have a computer, electricity and internet.
If you make payments with Bitcoin and use computers, internet and electricity, then surely you pay taxes too but indirectly.

[simplex]

Bitcoin is a digital asset designed by its inventor, Satoshi Nakamoto, to work as a currency. It is commonly referred to with terms like: digital currency,:1 digital cash, virtual currency, electronic currency, digital gold, or cryptocurrency.The question whether bitcoin is a currency or not is disputed. Bitcoins have three useful qualities in a currency, according to The Economist in January 2015: they are "hard to earn, limited in supply and easy to verify". Economists define money as a store of value, a medium of exchange and a unit of account, and agree that bitcoin has some way to go to meet all these criteria. It does best as a medium of exchange, as of February 2015 the number of merchants accepting bitcoin has passed 100,000. As of March 2014, the bitcoin market suffered from volatility, limiting the ability of bitcoin to act as a stable store of value, and retailers accepting bitcoin use other currencies as their principal unit of account.

[Alpha]

Government leaders are not idiot to let cryptocurrencies be recognized without any kinds of means for their own packet and land.  If the leaders are not evil they would do their very best to make everything in balance from the above to the lowest citizens.

[casas]

Economic theory suggests that the volatility of the price of bitcoin will drop when business and consumer usage of bitcoin increases.

[Ta.Form]

Of course, if Bitcoin is legalized by the state, then the tax burden on the ownership of Bitcoin and Bitcoin assets really really helps the country in reducing unemployment and can make the country more prosperous with tax payments

[Fenix]

If you take, for example, Japan, there citizens are mostly law-abiding and taxes are paid there voluntarily
 Both citizens and the state benefit from this. There were reports that the problem exists with the payment of taxes in the United States. Almost all of them voluntarily paid taxes there. However, the reason may be the lack of knowledge how to do it, because the tax is paid there for the first time.
In general, if the government sees that citizens deliberately evade paying taxes from cryptocurrency activities, then it is likely that it will tighten policies on cryptocurrency and people who use it and this will be bad for everyone. Therefore, it is better to pay taxes.

[Abdee]

in my opinion the existence of a bitcoin currency will have an impact on the users of bitcoin, financially their economy will change and will increase the purchasing power of the holders of bitcoin currencies