Bitcoin Forum

Good news came  from Europe today:

The countries, including the U.K., France, Germany, Norway, Spain and the Netherlands, signed a declaration on Tuesday establishing the new group, dubbed the European Blockchain Partnership, according to a release from the European Commission, which led the effort.

22 European Nations Form New Blockchain Partnership (https://www.coindesk.com/22-european-nations-form-new-blockchain-partnership/)

This will be a good news to them but not to us. The European Union is planning to create their own digital currency using blockchain technology that will be used in government services as well in their economy. They are planning to use such currency as a medium of exchange for buying goods within their territory. Such digital assets I guess will not be placed on the market but it is the 22 countries who will agree on the value of the coin so they can practically use it like the fiat currency but now only in digital form.

this will be a big news to all holders and to all people who believe in bitcoin. when this is already done i think bitcoin price will increase rapidly. for me this will be the time for buying more bitcoin. those big countries will help bitcoin be famous around the world.

This is good news, the blockchain is getting more and more attention from countries.
The blockchain and the cryptocurrency market are inseparable, which will drive up the price of tokens.

the existence of this partnership or whatever this group is doesn't matter and you can't consider it good or bad. even the promises they make don't matter. what matters most is what they are going to do about bitcoin and regulations in general. if it is a wise and smooth rout it will be good but we are not always lucky and they may set some unreasonable regulations in place.

Good news... we'll see...
I would have been much more happy if they had established the European Bitcoin Parnership :P
Governments can make regulations in the favour of their blockchain and to make bitcoin a hard time (taxing bitcoin more than their own blockchain), so I'm not 100% sure that this is good news...

If they do release such a coin, then it will probably be huge. Assuming it is subject to the same price volatility as current cryptocurrencies, which would allow explosive growth and adoption. If they simply tether the price to the EUR, then I don't see why anybody would get excited. Either way, we should avoid a government controlled cryptocurrency, this isn't what we want.

The beginning of the end for Bitcoin in the EU.

They will develop and release their own controlled crypto for use within the EU then eliminate any competition.

I have been saying this for a long time.

Bitcoin = Beta testers for the software.

hopefully other countries in other continents can also follow the footsteps of the countries in Europe so that bitcoin growth will be faster to become a global digital currency around the world

I think that we are quite far from serious government controled blockchains.
But what's the most important for crypto market today is a green, bulish trend.

this is indeed very good news for crypto currency because now what this would suggest that the future of money is indeed to be found in the crypto world , this would be good for bitcoins in the sense that what we would have is a case of our bitcoins vs whatever they will call theirs and knowing the US they will do whatever is required to ensure that their coin is the top coin , hold onto your seats people its about to get very interesting .

Great news, this is going to be the start of something big. Investors are on board and governments too. This bull run show is going to be spectacular

Idk why but I get the vibe that this might be another mess in the making. Though it's good that they're recognizing the potential of the blockchain, still they wouldn't acknowledge bitcoin as the first true utilization of the blockchain tech. Without bitcoin, there would be no blockchain and vice versa. But anyway, though, we all know that any publicity is still good publicity for bitcoin, and there's still a bunch of people mixing up blockchain and bitcoin so it might turn out good or in favor of bitcoin.

As much as I hate this scenario and I wish it never happen - yet I know that you might be the closest to the truth than anyone in this thread.
European blockchain partnership is definitely not a good news as many people here would like to think.
This partnership is not about promoting bitcoin or any existing cryptocurrency - they would try to exploit this technology instead.
It is more about measuring the current market potential and based on that observation devise a controlled version of new private crypto.

You are right. But I think it will help bitcoin and other cryptocurrencies too. Cryptocurrencies are the biggest product of the blockchain technology. These countries are discussing about the blockchain technology because of existence of the cryptocurrencies.

This is great news, as it shows adoption of the blockchain technology, and Bitcoin platform. This means the real movers, shakers, regulators, and policymakers are starting to get on board with the latest tech trend. Governments are usually pretty slow to adopt new tech right away. I'm not sure why, but I guess it is along the lines of, if It isn't broke, don't fix it.
    Things simply need to just take time, sometimes. The price seems to be on a small, but steady incline. Maybe crypto has a chance after all?

I hope they wont restrict innovation, we have this platform simply because of the freedom we have and i really do not think that they will eliminate this market, they might come up with their own coins but that wont affect bitcoin, either way it is a good news and hope to hear about further developments.

Yes, bitcoin and blockchain are totally different, they are just interested in the technology behind bitcoin the blockchain, not the bitcoin itself.
I've been thinking about this scenario for a long time and it seems to be true that every country has their own centralized cryptocurrency which bad for bitcoin, clearly that bitcoin is a big threat for them. one thing that we can do is only watch, we have no power like they have.

This is a good news to the world of digital currency which is crypto for countries to come together to form an agreement on how to develop a blockchain technology, is a good news and this is going to help grow the market in terms of price increase and wider acceptability. I know a time like this is going to come but this is going to reduce the decentralization of of the cryptocurrency.

I'm sure my country France is going to rape us, they will just make in sort the bank can control digital money and control people so they spend through their own services rather than to do things on their own with crypto on the internet.

Centralized can't compete with decentralized, it's the whole attraction of bitcoin.

This is a good news to the world of digital currency.bitcoin and blockchain are totally different and This means the real movers, shakers, regulators, and policymakers are starting to get on board with the latest tech trend.

Finally,heard something good that is good to the ear.
According to the article,the partnership has already been formed,but this is sadly not a part of mainstream media. People don't care about this,heck people don't care about the thousands and millions of lives that are being lost in countries like Syria. They are focusing on facebook's data theft back in 2015,and they had a meeting with the congress for 5 whole hours. But the US fucking government is not even willing to talk about the Syrian crisis for 5 minutes,so let alone this blockchain partnership.

This partnership only brings legitimacg to the use of bitcoin as currency, not only that bitcoin will be recognized as an asset it will also open new heights for bitcoin, thoug there maybe pros and cons with this decision, one positive outlook will be, bitcoin will help those countries in Europe to get rid of their debt, but will also help other countries on how bitcoin should be used and it will be no longer known as a mode of payment in the deepweb, the negative side that I see is that, by regulating bitcoins they might also control other countries on how to use bitcoin, just like what had haplened in the european union, theh wanted to control countries rather than helping them when times of need, still this move will help alot of people to understand what bitcoin is and why there is anhuge number of people using bitcoin, though there are a lot of FUDs out there.

Anything that will really bring positive vibes to the ecosystem might be considered as good news. However, it has nothing to do with crypto but if it did, it will not put any significant effect in the price.

Those countries bonding together is talking about blockchain and not crypto per se. Maybe what the news can do to us is that at least more people will understand that blockchain is the new revolution that will really change a lot of industries, specially on dealing with their private data as we all know that blockchain in secure. But in crypto in general? I doubt that this news will have significant effect on us.

it would be better if we get rid of those nations in europe now.

society can also run good without communists, based on nationalism, they are currently again spread destruction and war hatred around. instead nof shuting down the media.

decentralized have its own advantages, but Blockchain technologies itself have a massive potential if it utilitize right. And the 22 European nations show how they can maximize the blockchain technologies for itself.

Cool news for bitcoin loves certainly.Now all developed countries are helping bitcoin to become more famous.Now more and more people will invest on bitcoin which will make market green.Bitcoin and other alt coins will be benefited for this decision.

it is not always about competing with bitcoin when a new thing is created. bitcoin is there, growing every day and it is being adopted by more people. that doesn't mean they can't create a centralized coin to improve some internal transactions like increasing the security and speed and things like that.

Attention from European country its a great news for crypto lovers....

that is big news for all bitcoiners.
I hope this news make a bitcoin is more popular and powerful. actually, cooperation relationship  between countries can be made and hope can manage and create a beautiful future for bitcoin. Basically, it also can be bad if the 22 country  make regulation banning bitcoin, but we have to be positive and think that there will be a point of bitcoin can be recognized around the world.

At this stage, I feel that most countries will not officially recognize the status of bitcoin, which is related to their national policies. But they can't stop the development of the cryptographic world, and can only guide it.

regardless of the possibility of their desire to make their own cryptocurrency, this is good news for the development of blockchain technology. indeed the decision would have a bad effect on bitcoin and altcoin today, but rather than the long row and debate about the legality of crypto in each country, this decision I think is wise enough as a middle ground for achieving a shared solution.

A group of 22 European nations has formed a new blockchain partnership aimed to exchange information on the technology.
The countries, including the U.K., France, Germany, Norway, Spain and the Netherlands, signed a declaration establishing the new group, dubbed the European Blockchain Partnership, according to a release from the European Commission, which led the effort.
The collaboration is aimed to avoid "fragmented approaches" to the technology by sharing technical and regulatory expertise among member states, as well as creating ways to promote blockchain applications across the EU-wide Digital Single Market.

The legal status of Bitcoin varies substantially from country to country, but many countries have explicitly allowed its use and trade

Legality of bitcoin by country or territory (https://en.wikipedia.org/wiki/Legality_of_Bitcoin_by_country_or_territory)