Topic: The EUSSR hates bitcoin (Read 225 times)

That doesn't make any sense. They are taxing gains you get from trading or cashing out. And when new FAFT regulations are more being monitored more effectively,
And they are confiscating funds all the time, or where do you think the confiscated cryptos are coming from that different countries are selling from time to time?

In theory i understand what you mean, as they don't control bitcoin in protocol level. But in reality; as long as we need fiat money for trading, they totally have control over your assets when you try to cash them out.

Centralized institutions will never give BTC the kind of support that people expect or hope for, especially because BTC is decentralized. They will always favor things that they can launch, print and control, look at Trump, he was all into BTC, but as soon as he became president, he and his wife went on to launch two shitcoins to scam people off their money. I believe it is time people opened their eyes and understand that BTC is decentralized and won't be liked by governments.

With the way things are going
I don't consider any of them Good for Bitcoin
One claims to be interested and pushes for Bitcoin but confuses it for crypto.
Scammed it's citizen and more publicly with nothing charged against him.
At least others are open with their indifference or bias against Bitcoin.

The orange guy is not our friend either.  He and his family just pulled probably the largest rug of the entire history of Presidents.

Even worse.  He triggered a chain reaction.  If the United States President can pull a rug, others who are even stronger grifters than he is will definitely try it out.  Horrible.

I say everybody should stop looking up to others who almost always pretend to be the 'good guys'.  They are not.  Billionaires are anything BUT our friends.  The way Trump cunningly created this pro Bitcoin narrative only to launch his own shitcoin is immeasurably enraging.  Flipping of everybody who balanced their vote toward him particularly for his pro Bitcoin apparent stance.

Billionaires will not make you or me rich.  They will only look for ways to further enrich themselves.  We are only their product at this point.  And while I agree Lagarde is no better, I really believe the best thing to do is stop looking at the speaker but at the consequences of their actions instead.  The United States is currently looking for at least what looks like a better future for Bitcoin while rug pulling the naive.  Europe is trying to stab and ultimately finish Bitcoin off for everybody.

EUSSR doesn’t hate bitcoin particularly. Get your facts straight.

They hate freedom.

They can’t let people be free or rich. They are taxing the shit out of people because if people get rich, they might leave their shithole for a better country that has more freedom and the EUSSR dictators can’t afford to have that. Money can buy some freedom and EUSSR don’t want that. That’s why the income taxes in those countries are ridiculous.

Yes we can see that, even though Mr. Trump seems to be a bit of a rugpull artist himself, at least he is following through with his economy-related promises.

But this EU Commission is a whole other world of crazy. It's like they expect us to just stop using crypto altogether unless we are a giant custodial institution with 3 dozen EU regulations on it.

Fixed. The bad thing is that you must have been the only one who clicked on the links before commenting, lol, but with the title it was pretty clear what they were about.


I didn't want to focus on the MiCA, which comes from way back and is coming into force this year, I opened the thread when Lagarde said that they will continue to have a position totally contrary to that of the USA in this regard, but thank you because someone who does not know what the issue is about can hopefully find out.

Well, I agree with you but in Trump's administration Bitcoin has been hugely promoted and we can't neglect that thing. US is going to support Bitcoin to some extent as most ETF operations are run by US companies and US government might earn some tax from those if I'm not wrong. I'm not sure about the government of US but at least people living in that country love Bitcoin and are highly interested in crypto currencies.

I agree that politicians don't really care about Bitcoin and they have no expectations with it but who knows that many of them might have invested huge amount of money in it? If that's the case then they'll of course support it and promote it with hope to earn good profits from their investment.

You shared invalid links. But based on the text, you should give better example such as MiCA, EU’s Comprehensive New Crypto Regulation, Explained or Bitcoin And Privacy Under Threat From New EU Regulation.

Very few, and if any implement it independently it will be nothing compared to the US federal government and the many states planning strategic reserves.


You nailed it.


I agree with what you say about Trump but in the people around him yes there are real bitcoiners. Vance, RFK and many others who have been appointed to important positions have statements defending bitcoin from long before it could be suspected that they could be part of the government.


That's right, more than the citizens what they hate is the freedom of the citizens, which they want to control with these measures.


I here the only hope I have is that the USA ban will serve to make the rest of the world rethink things otherwise the USA will be seen even more as the land of the free while in the EU (and elsewhere) governments subject citizens to total control.


Yes matters because if it is stronger than ever it is precisely because of what has happened in the US elections, not because of the entry into force of the despicable MiCA rule this 2025.

even with them hating bitcoin it's still going as strong as ever it just gives us more time to accumulate bitcoin, doesn't matter if they don't favor it or even preventing it from being used for central bank reserve, technology will always win at the end of the day.
if they keep hating on it, it's on them, but eventually it will revolutionize the current traditional finance that we're having. but still hoping that they will change their stance, and finding some benefit from bitcoin adoption.

these CBDC isnt really concern personally, we don't even know whether these will succeed.

I mean it is what it is, EU is pretty quiet when they make their moves at the least when it comes the Western audiences, they don't want their spotlight or maybe a lot of people are just not that focused on them or that the allure of focusing on Trump's administration is just too much for many of us. I don't like that EU is trying to promote something so sly and would obviously just benefit no one but the people in power, as much as the attention you're giving to this is appreciated, I don't think that we can do much besides lookout what can happen next to the market when their shitty CBDC has been introduced to the people.

Governments in Europe, in European Union, hate their citizens, and their hate to Bitcoin or cryptocurrencies is only consequence of their hate against their citizens. They don't want their citizens to have freedom financially and they want to regulate, enforce as most mandatory regulatory things as possible, to destroy freedom and privacy of their citizens financially.

KYC, AML, CBDC, and maybe more in future are only their tools to achieve their more control on citizens financially.

Yes, Trump is going to play some important role especially for Bitcoin. The president of United States of America is really into crypto as he launched his own coin a few days ago and that coin is still over $20 in value and it surpassed many coins that were in top 50. There's chance that during his administration he might do a lot to make Bitcoin more usable as an asset or maybe as payment method as well.

I relly hope EU will change his mind towards cryptos thanks to Trump administration policies. USA have a heavy economic and political power in the world, even bigger than China. So EU won't be able to apply policies too divergent from USA without encountering serious issues IMO. So we can stay positive for the moment IMO. There is still hope for cryptocurrencies users in European Union for the future thanks to Elon Musk among others.

You're saying something meaningful here, it is pertinent for us to understand that bitcoin will always be a controversies to some while to some a choice to make in time of need, we cant do away without having the critics.

Also, when it comes to world leaders and the other countries approach over bitcoin, it is important that we see the role US alone can take to set the lead over to other countries to follow regarding bitcoin, which we believe that the new Trump administration will make everything looks more adaptable for the use of bitcoin and for others to follow after them in due time.

Some always think that a time will come when bitcoin will generally be accepted; it will be a thing or challenge if the US makes the first move, which I have always objected to.

There are those who, no matter how competitive other governments are running to acquire bitcoin, will always stay in their lane and hold their stand against bitcoin, unless those bitcoin critics are no longer in office. If not, they will always stand against it. The grey-haired man is doing his part, but he's not that righteous.

Have you noticed that right after the Czech Central Bank announced they're looking into bitcoin as reserve asset, Legarde was asked if EU bank wants to do the same and declined and the Czechs said that they're not going to do it either because "no other EU central bank is using bitcoin".

This looks suspiciously coincidental and my theory is that Legarde, or her underlings from the EU central bank, contacted the Czech central bank and told them not to do it.
IMO the end game for the EU is to impose CBDC and then add that to the reserves. They're afraid to use bitcoin for that first since they don't control it. They want the first officially recognized cryptocurrency to be a centralized one.

The EU will never like Bitcoin because it takes away power from their ability to tax and confiscate fund, quite obviously. No State will ever like Bitcoin, unless it has an incentive, like El Salvador, and recently we saw that even El Salvador removed relevance on Bitcoin when it comes to being considered legal tender.
Not even the US likes Bitcoin. Trump is simply a grifter and found a new voter market to get him elected, that is all. No politician cares about Bitcoin with exceptions. I think Sennator Lummis actually cares, but no one in the Trump circles cares, they are just USD maximalists.

Europe has long been heavy handed with their regulations but that doesn't stop a math equation.

The game theory of bitcoin holdings is just getting started. Large companies and nation states are just starting to enter the ring. Let's see which European nations decide to open up their economies to the best money in history.

I don't think the US will do anything meaningful anytime soon but if they do, I don't think Europe will stand by completely idle while the rest of the world adopts a system that greatly benefits their people.

Only time will tell but as long as we can self-custody our own sats, the ECB and Lagarde will do everything to stifle EU bitcoin adoption.

There are concerns among everyone about further adoption of crypto-friendly policies (Bitcoin) and I do not think that Trump has taken big steps in this direction despite all the noticeable development in the emerging crypto market since Trump returned to the White House. Adopting crypto in the United States does not mean abandoning the dollar or classical payment systems, but there is caution due to the lack of laws regulating the sector and therefore the door cannot be opened all at once. In Europe, the situation is different because all EU countries (except Switzerland) use a unified currency and any malfunction in the currency system or a review of performance could cause economic and financial disasters. The economies of the EU countries are different and they are currently involved with the euro due to inflation crises and the relationship with the dollar, so it is not that easy to ensure a smooth transition to crypto without harming the value of the euro.

Well, Bitcoin is meant to be parallel to fiats and the centralized system. It ought to be hated by them otherwise we should be worried.
 The worst they can do to use Bitcoin currency is to use the fake/wrapped version of it on centralized system, like the exchanges.

Ofcourse, with the action of US leader, they will find it hard to impose CBDC on nations. It will likely be the nations deciding to adopt some sort of globally interoperable national digital currencies on system they individually have more control over, that allows for easy currency swapping or trading of products/services between nations and people.

In regards to the "orange hair" being seen as the bad guy, I think badness naturally is attributed to certain characters which are meant to serve as warning when picked up by the body sense organs. The characters could also be used to ward off or fight evil/lawlessness. But it is often misused or misunderstood by most people in the system.
For example, a leader who really meant to fight evil would use the characters and be misunderstood by the subjects to be an evil leader. The leader could also misuse or use the characters wrongly against those/things that  do not deserve them.
The system took advantage of this aspect of nature to hide the true intention of leaders to the subjects. Those appearing nice and gentle could have abominable intentions and still be loved due to the appearances, and vice-versa.

ECB president ‘confident’ Bitcoin will not enter central bank reserves

Christine Lagarde en Garde: Bitcoin Will Not Enter Central Bank Reserves

Many of you guys still keep thinking that the bad guy is the one with the orange hair while this chick is going to shove CBDCs up your asses and institute KYC on all transactions.

Donald Trump bans CBDC in US: What it means?

Trump orders administration to evaluate potential for 'national digital asset stockpile'

This is a battle between control and freedom and the one with the orange hair is not exactly the bad guy.