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Dutch official calls for complete ban on Bitcoin

cointelegraph.com

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Re: Dutch official calls for complete ban on Bitcoin

#81

Post by the_cramer »

dexen wrote: post #71
axlee wrote: post #66

Earlier quoted context omitted.

Remind me the carbon footprint and transaction costs of Bitcoin again, and compare that to the costs from institutional payment gateways?

>the carbon footprint of Bitcoin Still less than the carbon footprint of the people running our current fiat-based financial infrastructure. It's the bankers who have jets, mansions and yachts, not the bitcoiners. Edit to clarify: Not that riches is somehow "wrong" - it's just that with major value comes major costs, which in practice mean major energy usage .

Please take this from a guy who is not in any way a finance/economy expert:

Why does the currency have anything to do with the wealth of the bankers.

Bitcoin is, as far as i know, a fiat currency too. The value depends on the believe (demand-supply) of the people. You accepting it as means of payment gives it value.

The reason bankers and others have yachts are interests, Investmens, tax avoidance schemes and so on. Nothing Bitcoin solves. The issue is a political one and how we do business and laws.

Re: Dutch official calls for complete ban on Bitcoin

#82

Post by defaultname »

dadoge wrote: post #79
defaultname wrote: post #62

Earlier quoted context omitted.

Adorable pearl clutching.

Adorable ignorance and lack of empathy

It has nothing to do with lack of empathy, nor did I make any statement about banking in El Salvador. Your pearl clutching is the rather pathetic, desperate machinations of someone deep in BTC who is resorting to whatever foolish argument they can make to sell it. The vapid moralizing is embarrassing.

You used El Salvador to try to legitimize BTC. As a tiny economic "power" (literally 7-11 sized), with a functionally broken government, it counts for somewhere approximating zero in legitimizing the farce that is BTC. The only people who think it is notable are BTC hypesters.

Re: Dutch official calls for complete ban on Bitcoin

#83

Post by throwaaskjdfh »

nathias wrote: post #75
throwaaskjdfh wrote: post #46

Supporters of Bitcoin should be in favor of making it illegal in as many jurisdictions as possible. It's the only way to be sure it's as resistant to government power as it claims to be.

Yea its really great to be prosecuted for no reason except the whims of the powerful, we should really all be in favor of making everything illegal by default.

No, being prosecuted at the whim of the powerful is horrible, but Bitcoin claims to be a kind of technological "escape hatch" from this kind of abuse.

The sooner we find out that it isn't an escape hatch, the better. We can then return to social and political hard work of curbing the powerful, instead of pretending we can just take our cryptocurrencies and escape.

Re: Dutch official calls for complete ban on Bitcoin

#84

Post by jerf »

jbverschoor wrote: post #47

I’m surprised someone is allowed to post is super biased personal opinion as if it’s the cpb’s

This is a common political technique which is a variant of "floating a trial balloon": https://en.wikipedia.org/wiki/Trial_balloon You put an idea out there in a way that can later be very cheaply walked back (because it wasn't an "official" idea), and gauge the reaction by the various interesting people to see how you want to proceed going forward.

Bear in mind the various "interesting people" may not include "the general public", despite this being in a general public newsfeed. Or, as I expect is probably this case, they may be interested in "the general public's" reaction but it may be a secondary goal vs. simply using the news media to gauge the response from the rest of the financial industry insiders.

This directory is likely to get various calls from various important people making various points pro or con now. Sometime in the next couple of weeks there will probably be some other release from this organization couched in diplo-speak. That is, if they say something like "decided not to pursue this at this time" it's quite possibly because their inbox was a sea of flame from the important people, whereas "are continuing to consider the matter" means they may have gotten conflicting, neutral, or tepid responses, and "developing a plan to pursue this matter going forward" means they may have gotten uniformly positive responses behind the scenes and a strong order from the Powers that Be to go ahead and be the ones who pursue this and take the heat for doing it. But in diplo-speak you almost never make strong commitments, you just barely deviate from "neutral" and expect people in the know to pick up what you're laying down.

Re: Dutch official calls for complete ban on Bitcoin

#85

Post by redorb »

nathias wrote: post #75
throwaaskjdfh wrote: post #46

Supporters of Bitcoin should be in favor of making it illegal in as many jurisdictions as possible. It's the only way to be sure it's as resistant to government power as it claims to be.

Yea its really great to be prosecuted for no reason except the whims of the powerful, we should really all be in favor of making everything illegal by default.

How was ransomware's ransom paid before crypto?

Re: Dutch official calls for complete ban on Bitcoin

#86

Post by bart_spoon »

aww_dang wrote: post #21

Interesting 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…

It never ceases to amuse how one group of people can see the worlds politicians, policy experts, and activists start to converge on an idea, and rather than assuming that the idea they are converging around is sound, they instead assume its due to a secretive cabal looking to further oppress the common man.

Assume for a moment that BTC actually was destructive and dangerous. What would you expect the response to be from these people?

Re: Dutch official calls for complete ban on Bitcoin

#87

Post by keymone »

axlee wrote: post #66
tomcooks wrote: post #64

Earlier quoted context omitted.

Bitcoins show the same aspects in those who've been charging you 1-4% for the pleasure of doing what bitcoin achieves

Remind me the carbon footprint and transaction costs of Bitcoin again, and compare that to the costs from institutional payment gateways?

Zero carbon footprint and zero carbon in transaction costs.

You simply don’t understand what is that energy used for. It’s definitely not for processing transactions.

Re: Dutch official calls for complete ban on Bitcoin

#88

Post by lm28469 »

dexen wrote: post #71
axlee wrote: post #66

Earlier quoted context omitted.

Remind me the carbon footprint and transaction costs of Bitcoin again, and compare that to the costs from institutional payment gateways?

>the carbon footprint of Bitcoin Still less than the carbon footprint of the people running our current fiat-based financial infrastructure. It's the bankers who have jets, mansions and yachts, not the bitcoiners. Edit to clarify: Not that riches is somehow "wrong" - it's just that with major value comes major costs, which in practice mean major energy usage .

> Still less than the carbon footprint of the people running our current fiat-based financial infrastructure.

One is literally supporting the world and the other is used by a few million people as a speculative asset, money laundering scheme or to buy drugs online.

And on top of that you're wrong...

Re: Dutch official calls for complete ban on Bitcoin

#89

Post by MomoXenosaga »

cassianoleal wrote: post #20
Encybe wrote: post #3

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

So does the Euro, which is used in his country, and so was the Dutch Guild, the one that came before. So does any other currency in use in the world. > Fiat money does not have intrinsic value and does not have use value. It has value only because a government maintains its value, or because parties engaging in exchange agree on its value. https://en.wikipedia.org/wiki/Fiat_money

Yeah let's swap a currency backed by 27 rich countries with something created by a bunch of sociopath tech douchebags.
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