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Dutch official calls for complete ban on Bitcoin

cointelegraph.com

11–20 of 221 posts

Re: Dutch official calls for complete ban on Bitcoin

#15
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.

Does that military count towards the US dollar's impact on the climate?

Re: Dutch official calls for complete ban on Bitcoin

#18
post #13

“ 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.

Re: Dutch official calls for complete ban on Bitcoin

#19
post #16
post #12

Lol after a country adopts it as legal tender, they say it’s not money Can’t make this up

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.

Re: Dutch official calls for complete ban on Bitcoin

#20
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

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