Dutch official calls for complete ban on Bitcoin

I want to see blockchain gone but most legislators don't understand it, they think it should be gone but they are not sure why so they end up with nonsense like this.

Re: Dutch official calls for complete ban on Bitcoin

#7

Post by jdmoreira » Fri, Jun 11, 2021, 12:32 PM UTC

Encybe wrote: post #3

> has no intrinsic value and is only valuable because others may accept it. So does USD

Technically true! But it is backed by a very powerful commercial empire who also happens to have the worlds largest military.

Re: Dutch official calls for complete ban on Bitcoin

#8

Post by ludamad » Fri, Jun 11, 2021, 12:32 PM UTC

Darmody wrote: post #6

Encybe wrote: post #3

> has no intrinsic value and is only valuable because others may accept it. So does USD

Or any other fiat currency. I want to see blockchain gone but most legislators don't understand it, they think it should be gone but they are not sure why so they end up with nonsense like this.

It's also a bit ill-timed as Bitcoin is "now a fiat currency", if you go by El Salvador's wiki page

Re: Dutch official calls for complete ban on Bitcoin

#9

Post by huseyinkeles » Fri, Jun 11, 2021, 12:33 PM UTC

chaganated wrote: post #5

Encybe wrote: post #3

> has no intrinsic value and is only valuable because others may accept it. So does USD

to be fair, we print it on some pretty nice paper

~90% of the USD is also virtual.

https://www.forbes.com/sites/davidblack/2020/03/01/who-needs...

Re: Dutch official calls for complete ban on Bitcoin

#10

Post by neals » Fri, Jun 11, 2021, 12:34 PM UTC

This is the 'Centraal Plan Bureau'. If you open up the front door, you're met with a cloud of dust. The parkinglot is filled with oldtimers and the interior is very 'that 70's show'.