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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

#71

Post by dexen »

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?

>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.

Re: Dutch official calls for complete ban on Bitcoin

#72

Post by throwaway803453 »

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

I recall attending Bay Area cryptocurrency meetups before the 2017 price surge. After mid 2017 the average IQ at the meetups was inversely proportional to the price chart and it has been that way ever since.

I can't fault someone for making a profit by researching a technology, investing, holding for the long term, and selling. We want capital to flow to the best ideas. But this is more MLM-style dog-eat-dog money making. It's unclear how it could have been prevented.

Ultimately greed and excess ruins everything.

Re: Dutch official calls for complete ban on Bitcoin

#73

Post by MomoXenosaga »

amelius wrote: post #11
neals wrote: post #10

This 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'.

They even use cash money.

The Netherlands is a modern country we don't use cash unless we buy drugs. I don't even own a single coin at the moment lol.

Re: Dutch official calls for complete ban on Bitcoin

#74

Post by zadler »

wyldfire wrote: post #68
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.

Not a lot of stuff is bought directly with gold either. Itd’d be more like banning gold, except harder to enforce.

Re: Dutch official calls for complete ban on Bitcoin

#75

Post by nathias »

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.

Re: Dutch official calls for complete ban on Bitcoin

#76

Post by krono »

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

Yes, I miss the good old days when it was just me and the boys. Now even the cleaning lady in my Moroccan summer home has an effortless way to partake. Where is this world headed?!

But seriously, what's the difference?

Re: Dutch official calls for complete ban on Bitcoin

#77

Post by iamben »

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”

Why bitcoin over a bank account? What's the advantage?

I mean, if you don't have a bank account - "here, store everything you have on this phone [do you own a smartphone?], that requires an internet connection [can you afford that?]" - seems like a bigger step, no? Unless I'm missing something obvious?

Re: Dutch official calls for complete ban on Bitcoin

#78

Post by greyman »

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

There are also early adopters who are running their node and don't plan to cash their bitcoins. They just want this thing to exists for ideological reasons.

What worries me more are some "inhuman" traits in cryptocurrencies. Most notable is one where if your crypto gets stolen, there is no standard way to "enforce the justice" by catching the thief, and give the money back to the rightful holder. This is something very non-intuitive and I doubt majority of people would accept this model.

Re: Dutch official calls for complete ban on Bitcoin

#79

Post by dadoge »

defaultname wrote: post #62
dadoge wrote: post #54

Earlier quoted context omitted.

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.

Adorable ignorance and lack of empathy

Re: Dutch official calls for complete ban on Bitcoin

#80

Post by aww_dang »

defaultname wrote: post #51
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…

There is nothing conspiratorial or notable that most of the people in the financial industry...work in the financial industry. Are experienced in the financial industry.

As a think tank the WEF has a distinct public policy slant and agenda. Not all economists are members.

If we're operating under the premises of democracy, there's something troublesome about a single think-tank and their unelected technocrats dictating public policy. One would expect at least some dissenting views in the conversation.

As it concerns the individual's freedom to transact in the cryptocurrency of his choice, longtime proponents of a cashless society have a distinct bias.

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