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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

#61

Post by cassianoleal »

toshk wrote: post #53
cassianoleal wrote: post #20

Earlier quoted context omitted.

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

Being backed by a government, or multiple governments, with an army and lots of financial tools is a very real thing.

Why are you bringing this up? Sounds like a straw man to me.

Re: Dutch official calls for complete ban on Bitcoin

#62

Post by defaultname »

dadoge wrote: post #54
defaultname wrote: post #39

Earlier quoted context omitted.

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.

Man, wow. What if, like, you know, solving problems like 70% of the population not having a bank could actually reduce crime. Bitcoin is a pretty easy fix for that problem. And “it’s a tiny country”…like do they not deserve a better life since they have such a small gdp. This is the most inhumane sentiment I keep seeing about this news “who cares, they are a tiny country with small gdp”

Adorable pearl clutching.

Re: Dutch official calls for complete ban on Bitcoin

#63

Post by ludamad »

neals wrote: post #60
rualca wrote: post #26

Earlier quoted context omitted.

> The parkinglot is filled with oldtimers and the interior is very 'that 70's show'. Could you please explain how that ad-hominem based on blatant ageism does anything to refute the points regarding the nature of cryptocurrencies?

Stop trolling. You make this about age. You are the agist one. Why would young people not be allowed to drive oldtimers and enjoy 70's style interior? Who are you to decide that such a thing is only allowed for those of a certain age. We live in a world where age should not matter and anybody of any age should be allowed to partake in society. You should real change your views.

Please imagine, as me and the GP may, that one assumes oldtimers means the people pulling up in the parking lot. I wouldn't be so quick to think someone defending an age group underrepresented here is a troll

Re: Dutch official calls for complete ban on Bitcoin

#64

Post by tomcooks »

Shadonototro wrote: post #48

bitcoins show the nasty nature of the people all about profits, nobody care about solving problems, they just want the price to grow to make profit from their investment

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

Re: Dutch official calls for complete ban on Bitcoin

#66

Post by axlee »

tomcooks wrote: post #64
Shadonototro wrote: post #48

bitcoins show the nasty nature of the people all about profits, nobody care about solving problems, they just want the price to grow to make profit from their investment

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?

Re: Dutch official calls for complete ban on Bitcoin

#67

Post by cmh89 »

snypher wrote: post #38
rualca wrote: post #30

Earlier quoted context omitted.

> 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.

Options trading has far more structure to try and keep you from hurting yourself than crypto does.

Re: Dutch official calls for complete ban on Bitcoin

#68

Post by wyldfire »

Tade0 wrote: post #65

Putting aside for a moment whether this will actually happen, I would like to ask: how? How do you effectively ban circulation of certain types of information? The entertainment industry didn't manage to achieve this over the last 20 years.

They can bar merchants from accepting the currency. This means that it's only useful in the black market.

Re: Dutch official calls for complete ban on Bitcoin

#70

Post by danielmg »

dadoge wrote: 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

It will never be used as a general currency by the man on the street.

For example in the UK we have Direct Debits which are backed by the DD Guarantee. If a DD is wrong or fraudulent the bank must refund you without question and they initiate a DDIC (indemnity claim) against the creditor bank. This could not happen with Bitcoin.

Same for problems such as push-payment fraud - they are rolling out confirmation of payee to try to tackle this. How could Bitcoin be a viable payment method in it's current form when addresses are anonymous (in the context of PPF)?

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