Source article (in Dutch)
https://www.cpb.nl/nederland-moet-de-bitcoin-in-de-ban-doen
Dutch official calls for complete ban on Bitcoin
31–40 of 221 posts
Re: Dutch official calls for complete ban on Bitcoin
#32“ Cryptocurrencies are not used in regular payment transactions” How can they say that with a straight face knowing what’s going on in El Salvador
The only thing that happened in El Salvador was a public politician making a populist statement. It would make sense to point to Venezuela or Iran, but those examples don't get much attention for some reason.
I agree Venezuela is a better use case, doesn’t mean they don’t have a use case too though…
Re: Dutch official calls for complete ban on Bitcoin
#33This 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'.
Ban Crypto, ban the Cloud, ban Hashtags, ban Cyber, ban AI, ban Lambda, ban Rust, ban, ban, ban!
EDIT: ban old cars, too!
Re: Dutch official calls for complete ban on Bitcoin
#34Earlier quoted context omitted.
Who bribed or put the pressure on El Salvador? Outwardly, it doesn’t make any sense except as a publicity stunt.
22% of their GDP is remittance based. The US treats them like shit since they have the USD as currency. God forbid a country wants more independence 70% of the country has no bank, for Bitcoin all you need is the internet and a simple wallet app.
All countries are free to have their own currency. People (rather than gov) default to dollars when the CB decides to turn on the printer indiscriminately or impose exchange restrictions.
Back when I didn’t have money, opening a bank account was way cheaper than leasing a phone or buying one, so I don’t see how that makes sense other than you can do other things with the phone to amortize the cost.
Re: Dutch official calls for complete ban on Bitcoin
#35> has no intrinsic value and is only valuable because others may accept it. So does USD
You can pay the tax man in USD to stay out of jail.
Sounds pretty valuable to me.
Re: Dutch official calls for complete ban on Bitcoin
#36Earlier quoted context omitted.
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
That makes it "Legal Tender" in Salvador, but not fiat.
It's a bit of a weird situation. Normally when a currency is legal tender and not fiat it's backed by a physical resource, like gold or silver.
But here it's only backed by software and people agreeing that it has value. Kind of puts bitcoin in its own unique category.
Re: Dutch official calls for complete ban on Bitcoin
#37> has no intrinsic value and is only valuable because others may accept it. So does USD
> So does USD
The USD is the official currency of the US of A, and all transactions and specially taxes are expressed in the official currency. This its value is automatically tied to the nation's total economic output.
Re: Dutch official calls for complete ban on Bitcoin
#38Interesting how this narrative is forming. Politicians and bureaucrats around the globe are saying the same things in unison. BTC is framed as destructive or dangerous and CBDC is their solution. The same conclusion was arrived at in a recent Senate hearing chaired by Elizabeth Warren. Three out of four of her panelists had connections to the World Economic Forum. The fourth had connections to the US central bank. ht…
> BTC is framed as destructive or dangerous and CBDC is their solution. It's hard to refute their point when we've just saw bitcoin tanking and seeing its value drop to half in a few days.
Sounds like we should ban options trading also.
Re: Dutch official calls for complete ban on Bitcoin
#39Lol after a country adopts it as legal tender, they say it’s not money Can’t make this up
El Salvador hasn't adopted it yet.
And even if they did, it's El Salvador. It's a tiny economy (Cleveland has a GDP 4X the entirety of El Salvador) in effectively a broken country. In 2015, 1 out of 1000 people was murdered in a single year.
Pretty weird seeing the BTC crew all crowing about that kind of sad endorsement of a desperate government.
Re: Dutch official calls for complete ban on Bitcoin
#40Interesting how this narrative is forming. Politicians and bureaucrats around the globe are saying the same things in unison. BTC is framed as destructive or dangerous and CBDC is their solution. The same conclusion was arrived at in a recent Senate hearing chaired by Elizabeth Warren. Three out of four of her panelists had connections to the World Economic Forum. The fourth had connections to the US central bank. ht…
> BTC is framed as destructive or dangerous and CBDC is their solution. It's hard to refute their point when we've just saw bitcoin tanking and seeing its value drop to half in a few days.
One defining aspect of a free market is destruction. The other is creation. You don't get one without the other.