Topic: "Behind closed doors, EU officials talk about banning Bitcoin" (Read 307 times)

It's a valid concern and you may laugh but these people hold the real power in the world, so you better be listening to their concerns. Europe is a power hungry continent and the war started by Russia on Ukraine has the potential to cause all sorts of problems to supplies - either Europe trying to stop imports or Russia stopping them in order to apply pressure (even if it would cost them huge amounts financially). At that point all energy will skyrocket and anything that is not critical to industry or keeping peoples home life intact will become surplus. Miners will become on of the first casualties because the job they do (validating transactions) can simply be completed by existing payment networks in a far more efficient manner, even if it is centralized.

People can talk about many things behind the closed doors, but there has to be a majority support in the parliament to impose an actual ban on Bitcoin. Also, if they don't like it because it's proof-of-work, they could just ban Bitcoin mining, which is a smaller move but still significant. I think that prior to banning, a serious thing like EU would order an investigation of the effects of crypto mining and transaction confirmation, assess the impact as well as the potential outflows of funds if EU becomes very unfriendly toward cryptos. Overall, I don't think it's worrisome at this level.

Climate change hippies wanting to ban crypto currencies to save the environment. Sounds about right. They might even have climate change related summits to discuss banning crypto, while taking their private jets across the globe to attend.

Somehow after reading this piece I have a bad feeling. It's a different kind of feeling compared to the usual FUD and silly attempts and opinions we see by those in power. The truth doesn't matter. If they get enough scumbags to pursue this dream of their... who knows what can happen. If you read the article, you would see that no one mentioned that it would be desirable to have miners who use fossil fuels switch to cleaner energy sources. Wouldn't that be proof of caring about the environment? Compare it with old diesel cars in Germany. There isn't an outright ban on all cars, just those below the EURO 5 or EURO 6 standard.

If their goal is reduce emissions from fossil fuels, make it more affordable to acquire green energy. But that's not going to happen.
They need to get enough support from the biggest mining centre (the US) to be able to drastically change anything. I doubt and hope they won't.

Even if they all think that way, all they could do is talk and ban while Bitcoin will live. They would rather be mining like El Salvador is doing than ban BTC because their economy will be left behind if they totally ban BTC and half of the world moves forward with it. I don't think US or Asia will follow the same when even several states are already competing to become a crypto hub.

There is no way ALL of EU officials could be thinking the same thing. That’s literally the headline gone the drain with just one small sentence. If you believe that people from all over Europe all think the same and they all want to jointly stop bitcoin then you are wrong because never in history of the world, have we seen all nations of Europe give the same exact decision all together.

We are going to end up seeing them do the right thing and do the wrong thing as well but they will never do it all together. Bitcoin could be maybe banned from certain nations but that will only make other nations support it even harder because they just like to do opposite of each other's actions.

The EU gat nothing else to talk about. Whenever I read news about how they portray bitcoin to the world, I laugh at the biased mindset. The EU is just finding ways to destroy bitcoin long ago. They are not happy with how far bitcoin has gone, they needed a system of controlling all the financial systems of the world, which bitcoin doesn't fall among. It annoys them most that bitcoin can't be controlled, that's why they are fighting hard to destroy its legality

bitcoin in itself is unbannable. the ramps are.  encrypted blockchain is revolutionary in its economic power. btc is fuckery and frog boiling,  mostly off chain

"Behind closed doors, EU officials talk about banning Bitcoin"


Notice the "behind closed doors" part. Everybody knows that banning crypto is really banning yourself. That's why they are doing it behind closed doors... trying to figure out a way to not ban themselves at the same time they ban crypto.

Looking at the history, negative market sentiment was temporary in some period of time importance, if you give up easily in the face of government pressure/bullshit regulation just to offset the pre-existing economic interests as a deterrent then it is basically impossible to understand bitcoin and so you get nothing out of bitcoin.  Fight and win - that's the true intrinsic of bitcoin.

ok great, bticoin guys like to censor for "bad bulletin board etiquette" got it. haha no one thinks bitcoin is get rich quick. everyone I know personally knows bitcoin is generally falling most of the time. When I talk to people about crypto its always the same thing on each day it comes up, oh ya bitcoin going down again. they know me for years and always only the same reply.

here is what is happeneing. bitcoin generally falls, then has very short runs upward, then begins its usual pattern of falling. anyone who buys to trade loses money, anyone who buys for short term holding loses money, then anthon pompliano or adam back come out and say how much they made with bitcoins meteor rise. then people think ok that sounds great they buy, btc continues its usual falling pattern, the guy loses money and sayas fuck this. So then you have organized crime and silly societies who tell each other what is the plan for dropping and raising. same halfwit goons as wall street scams. mike novogratz at the regis celebrating the 2008 crash dressed in drag. those same kikes robbing people everyday

Means nothing, a lot of them probably talk about all sorts of outlandish crap behind the scenes, in fact they talk about it quite openly to the public too .

Probably isn't. I mean you only have to take this into consideration to know that there will be certain people within which will be pushing this idea, and therefore there will likely be quite a few meetings about this in the future, which will likely have an effect on adoption. Although, it will likely effect investors confidence in the short term, I do believe these types of meetings might just bring more eyes on Bitcoin, which could potentially be of benefit to us.

I don't think they'll ever be able to justify banning it.

You're making multiple insubstantial posts in a row, so let us start from there, mind you it is against the rules here. You can merge all of them in one single post mate.

As for the contents of your post, i honestly do not get your point, Bitcoin is volatile, and the 'people' you're talking about who bought Bitcoin and bla, bla, bla didn't make profits are speculators who are speculating on the price of Bitcoin, there is nothing wrong in doing that, but that is not what Bitcoin is all about, or why the EU and other governments are all over the place trying to dissuade people from using Bitcoin, i will tell you why: Bitcoin is completely decentralized, it is censorship resistant, it is all about freedom and control, no body/organization/government can print it or attain precedence over it, and a whole lot more, the government do not like all that, that is why there has always been so much fuss about it, but of course it won't yield anything.

Now to the speculators you claim are unhappy with Bitcoins price movement and all, the thing is this: they should make sure to do their research before investing (or rather, speculating) in any asset, Bitcoin is not a get-rich-quick scheme, and if you choose to speculate on its price, you will have to hold for the long term, if you want to try your luck in getting rich quick, then there are thousands of pump and dump altcoins, and well goodluck with them (cause you'll definitely need it).

Why will they decide to ban just because Russia supports btc payment! Even if they succeed in banning how is this going to directly affect Russia?
It is ridiculous for to think this way, trying to cut the btc community off just because eth is shifting which is not even certain yet, all we hear is postponement.
I can't wait to see how successful they will be trying to ban btc, if they will actually succeed.

I don't know how true this news is but obviously this is going to come one day, governments want some excuse or the other to close Cryptos, they know to maintain financial autonomy with them they need to keep a check on completely decentralised Cryptos and there is nothing more decentralised as bitcoin if they would ban it eventually the rest of the market is won't be able to flourish back for a long time too. Otherwise we all know the net carbon footprint of bitcoins isn't much different than that of the fiat and banking system.

Really sad, but hope it will not happen. Haters always stand against Bitcoin and present some stupid excuse always. Wondering why the EU suddenly standing against Bitcoin? Is that reason Russia supports Bitcoin payment? Even banning how will they prevent users those love Bitcoin? If they decide to ban Bitcoin eventually it will impact huge negatively on the Bitcoin ecosystem. But still, I believe it will not happen and they will realize the importance of Bitcoin.

Goodness! This is joy to see the world talk about bitcoins like that. The main reason they are giving is : Sustainability whereas we are quite aware that the factories and industries are still running to the standards of 1800's. There are many other things which are supposedly a threat to the whole community and sustainability and a whole but blaming it all on bitcoins is something else plus do they not understand that shifting is not that easy? Definately it's a hard task and at the same time they can also help provide the miners with renewable sources of energy that they can pay back slowly over the span of years and therefore they would protect the community and at the same time they would also be able to have the bit of control they always wanted.

But it was not the only talk against crypto currency.The EU had strong influence on the economy.So they trying to make changes all the time,most of the economic impacts was done by the Eurozone.Because they was dam give financial help to many of the country in the world.If this works,their will some reduction in the price of bitcoin.

This is definitely those morning cup of coffee discussion of politicians when they just woke up from their good night sleep. You know, they are like some oldies of 60-70s thinking about how to tease the new world with their old style bank notes. They are real dreamers you know, they think they are saving the whole earth by implementing the idea of PoS and saving some electricity for the future generation.
Meanwhile future generation: On Mars, Wow look at that South Pole mountain. Lets climb it.

I am not sure what is the problem with these guys really. The world is full of innovations, modesty is at its best. We all know the green emission are higher from refrigerators and cars than what it takes for PoW.

It is well known that states treat cryptocurrency more with distrust and hostility than accept it for full circulation on their territory. They cannot control it and this is decisive in their attitude towards cryptocurrency. Therefore, states, with some exceptions, will be happy to use the version of the high energy costs of cryptocurrencies, in particular, those that use the PoW algorithm. This is also facilitated by the fight against global climate change announced at the recent G20 summit. Therefore, any decisions regarding such a cryptocurrency are possible.