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EU to make Bitcoin traceable, ban anonymous crypto wallets

euronews.com

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Re: EU to make Bitcoin traceable, ban anonymous crypto wallets

#31

Post by lkramer »

0xy wrote: post #26
dt2m wrote: post #4

This is going to work out just as well as when the EU banned tracking cookies!

Instead of making meaningful change, the EU proceeded to make almost every European website 10x worse with egregious cookie nag screens filled with dark patterns. They trained users to accept all advertising cookies, while being massive hypocrites (a lot of EU bureaucratic websites ship user data to Google via GA or GTM). The EU is one of the biggest threats to online freedom. Threatening to ban memes, egregious copy…

Does that not make you wonder what it is that they want to track which is so incompatible with those regulations that they'd rather ban the traffic?

Re: EU to make Bitcoin traceable, ban anonymous crypto wallets

#33

Post by colinmhayes »

neverywhere wrote: post #20
nyanpasu64 wrote: post #15

Earlier quoted context omitted.

And what happens when you transfer it to a mixer? A self-hosted wallet? Or the EU regulate exchanges to the point you can't transfer your Bitcoin to a wallet you own?

Mixers will be considered illegal by the EU. It sort of makes sense. Mixers are primarily used to hide one's identity when doing shady/illegal things with cryptocurrency.

What about deFi swappers?

Re: EU to make Bitcoin traceable, ban anonymous crypto wallets

#36

Post by _Algernon_ »

liuliu wrote: post #18
dt2m wrote: post #4

This is going to work out just as well as when the EU banned tracking cookies!

I know this is an unpopular take, but for sites (like Stackoverflow) that give me options (if they don't, some times I just skip), I will select "strict" and continue. This is probably an improvement from previous status-quo for me.

If they were competent, they would have worked with web browser developers, and made it browser side like other permission dialogs.

Imagine what could have been: a standardised prompt that is always the same, persists when clearing cookies, etc. Instead we have full screen modal popups that render 5 seconds after page load and move around while loading.

Re: EU to make Bitcoin traceable, ban anonymous crypto wallets

#37

Post by acdha »

mech422 wrote: post #19
frankbreetz wrote: post #10

Earlier quoted context omitted.

El Salvador is trying to use it a currency. Well, I still wouldn't consider it a currency since pretty much everything will be priced in dollars, but they are using to transfer value. One of the man reasons for this was to send home remittances. Many people still believe Bitcoin could at least be used to transfer value, like a currency. AMC, Starbucks, and United Wholesale Mortgage are all looking into accepting it.…

Bitcoin is generally considered a 'store of value' rather then a day to day 'currency'... Sorta like a savings bond vs a credit card And a few years back, before the transaction fees got so high - there were a few places that took it. NewEgg comes to mind.

More accurately, after years of failing to be viable as a currency the salespeople started claiming the goal had never been replacing cash and instead was some sort of poorly defined “store of value” instead of what they’d spent the previous decade spinning stories about.

Since a real reserve currency is stable and backed by consistent demand, it’s unclear why anyone expects a pure fiat currency backed only by a small community of speculators to be successful.

Re: EU to make Bitcoin traceable, ban anonymous crypto wallets

#38

Post by gfodor »

In other news, the government has declared by decree that nobody is allowed to memorize seed phrases anymore.

Also, multiplying prime numbers is now illegal.

edit: Downvotes are funny because we are almost certainly going to see laws passed in the next few years that are functionally equivalent to the rules stated above.

Re: EU to make Bitcoin traceable, ban anonymous crypto wallets

#39

Post by dheera »

RivieraKid wrote: post #28
dt2m wrote: post #4

This is going to work out just as well as when the EU banned tracking cookies!

I'm mostly pro-EU but the cookie thing is just a display of unbelievable incompetence. It's ridiculous that they still haven't fixed the highly annoying popup problem.

Exactly, I block all cookies (except for a whitelist of sites I need to log into) and that ironically prevents the fucking popups from tracking that they have been clicked away or agreed to.

I use uBlock origin and various CSS injection to get rid of the popups but they don't catch every single one of them.

I wish the US would institute law making unsolicited (i.e. not triggered by a user click, like clicking on "Login") popups illegal, arrest the CEOs of companies that violate this, put them in a CEO jail for a week, make them wear an "I suck" T-shirt and dunce cap, and live stream their faces the entire time.

Re: EU to make Bitcoin traceable, ban anonymous crypto wallets

#40

Post by paulgb »

liuliu wrote: post #18
dt2m wrote: post #4

This is going to work out just as well as when the EU banned tracking cookies!

I know this is an unpopular take, but for sites (like Stackoverflow) that give me options (if they don't, some times I just skip), I will select "strict" and continue. This is probably an improvement from previous status-quo for me.

I see that point, but the problem I have is the sites that offer the option (and respect it) are probably the sites that were the least offensive with tracking to begin with.
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