EU can not ban bitcoin, what will it profit their government to ban it, besides, bitcoin doesn't belong to a continent or country, that will make it difficult for them to ban it,they can only regulate it, in fact if they ban it, it will not have any benefit on their economy, I know before 2025 they will change their minds when they think about good things that bitcoin will offer their economy.
They can “ban” it, with the quotes. But to truly ban a censorship-resistant, decentralized cryptocurrency that you can store in your head through a memorized seed phrase is impossible. Although an EU ban would be an interesting experiment for the Honey Badger. |
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I was really surprised to see a progressive nation like Canada had to resort to such inhumane act like bank account freeze. It was totally unexpected! However, such kind of incidents actually give more power to bitcoin or any other cryptocurrency that has value. I believe a similar thing happened during the Hong Kong protest as well during China's invasion. So yes, the protestors will be better prepared for the future.
I had a debate about that with family members during a weekly family dinner. Maybe of them found it laughable to call the action inhumane. But looking more deeply what that action is, as an act of cutting people from one of their sources of survival, and to feed themselves and their families, it is truly inhumane.
But this is something, that will give more reasons to the government not to legalize bitcoin. So while it will increase the popularity of bitcoin among to commoners, it will also earn bad names among the government and enforcement officials because it's a very effective way to avoid government restrictions. So it is a coin with two side to it.
Legal or illegal, Bitcoin will be used where it will be needed, and it starts in freezing bank accounts.  |
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What Justin Trudeau is doing in Canada will be an introduction to what a CBDC world will be like for many countries in my opinion. I believe it will not look like it at first, but slowly they’ll be “adding features” that slowly takes away your freedom. Save some of your money in Bitcoin.
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<…>
We’ve been commenting this on my local board, and my view all along was that someone has blown the scale out of proportion, and what was likely related to discussing PoW mining, somehow scaled to an interpretation and echo of banning all services related to PoW coins. (translated) The vote of the EU Parliament on #MiCA will be canceled at my request and will not take place on February 28th. As a reporter, it is crucial for me that the MiCA report is not misinterpreted as a de facto #Bitcoin ban @btcecho.
The discussion about MiCA indicates that individual passages of the draft report can be misinterpreted & understood as a PoW ban. It would be fatal if the #EU Parliament were to send the wrong signal with a vote under these circumstances.
In this context, I see the urgent need to resume talks and negotiations with the parliamentary groups on this topic and to create clear facts on the #PoW question @paddi_hansen.
I will make another attempt with all stakeholders to reach a compromise that provides crypto assets with a proper legal framework but does not challenge #PoW .
https://twitter.com/DrStefanBerger/status/1497151798355898368Berger, whom I believe was bearing the weight of the proposal, even seems to downplay the PoW discussion. Something to follow, but that likely should not raise all these bells and whistles. Plus they should be careful. The technology they ban can and will be used against them by entities who would embrace, and weaponize it. Bitcoin’s underlying nature to weaken their strongholds in finance and finance and politics is not fully understood, nor is it priced in. |
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I don't know what they want, but I wanted you to know this ...
Haha. They actually don’t know what they want because it’s truly hard to define what Bitcoin is. Is it a mere Ponzi? A currency for personal finance? A protocol to use to go around sanctions? A network to weaken financial, and socio-political strongholds? The definition becomes bigger and bigger. This meme illustrates how confused people are.  |
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It’s truly not, and there are trolls that want to convince you that it is. An example is if Russia was sanctioned, banning Russian oil. What they can do to work around sanctions is convert their oil into energy and mine Bitcoin. I believe Iran did it first and it’s opening a possibilty for a new kind of arbitrage opportunity for oil exporting countries.
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~
Oh just grow up and stop babbling straw man, straw man like you're Straw Hat Luffy. Again, if you have a clue about something you would prove it to me, not just crying like a little girl you're getting attacked on a forum. 
I told you clearly and showed you cases
- were sanctioned country couldn't get goods even if they managed to pay for
- where countries used to trade even without SWIFT
I asked you why since we had bitcoin for years no country is using it on a large scale to avoid sanctions?
Why would they use bitcoin when they could use their own centralized coin, have thousands of nodes spread in every institution for security and that's it, why bother with something that is fluctuating on the markets when they just need a thing that basically just sends messages?
What cases? None of your “cases” disprove the fact that Bitcoin is censorship-resistant, and that it can be used as an alternative to legacy banking systems to go around sanctions for sending value and as a settlement layer.
But no, you're spouting the same visionary unicorn on-sense, and every time you feel pressured by your obvious lack of knowledge and you can't make a decent answer you cry you're being abused. If you can't handle a discussion on argument then simply go to sleep and plan your futurist economy alone in your dreams.
“Visionary unicorn”? The protocol is there in front of you. How longer must the network run for people to understand and accept it? But it’s understandable, everyone didn’t understand air travel when the Wright Brothers invented the first motor-operated airplane. |
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This topic was made by a someone who, either doesn’t understand that what makes the whole system stick together IS the Proof of Work. They merely read a few articles, and think they have discovered the “truth”. Or a troll. Read OP’s post. It’s undebatable nonsense.
I already reported to the mods to lock this topic.
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It is with sadness that I see how bitcoin has dropped (nothing new really) in sync with the global markets around 11% last week while the old gold, AKA simply "gold" has made a rush to 6.5% in the last month. Needless to say that this is related to the war in Ukraine and the prospects of instability, not that it was unexpected, tend to draw people towards gold.
I wonder if bitcoin can still be considered a reserve of value when is following and correlating this much with stocks markets.
It’s understandable that HODLers have their moments of frustration. But the market doesn’t “define” Bitcoin. It’s merely one of the ways the coins are distributed. It’s not always efficient, with the inefficiency especially displayed during a surge, and a crash that follows, but it always finds the mean. Does not hold the value? Zoom out. |
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But I get your point here, you are testing them on how to become strong and manage to face the crisis. If they will sell their crypto, some investors went happy and you are helping them any way.
What crisis do you mean exactly ? You talking about the Russia and Ukraine stuff ? That isn't a crisis yet. And if you are talking about cryptocurrency bearish situation, that should not be referred to as crisis, it is normal. Except newbies that may not understand it yet and this will also be there experience. The price is not stable, it is a fluctuating asset . We only take advantage of what it present, sell when price is high and buy when price is low. From another standpoint, the surges and the DIPs are part of Bitcoin’s bull/bear cycles. When someone is looking at the historical price, or a zoomed out Bitcoin chart, he/she merely sees the market and its behavior, not the reason why the surges, or the crashes happened. |
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Investment patterns contain different ways, sometimes people believe bitcoin in the long term will be better, so they adopt the long term as a strategy, really no one can be sure what bitcoin will be in the long term, but hasn't bitcoin shown a fairly improved development from early appearance.
I believe you’re right to say that “no one can be sure what Bitcoin will be”, but in deeply learning what Bitcoin is and what it can truly do, wouldn’t you say that it has an underlyng nature to break and weaken socio-political strongholds? We’ve seen institutions HODL it, let’s wait for nation-states. It cannot be avoided in my opinion. Bitcoin to six digits. Buy the DIP, and HODL. |
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The price movement of Bitcoin over the last year has been extremely intriguing. We haven't witnessed that significant drawdown yet, which has prompted some to believe that the cycles have shifted and that we are now in what is known as a super cycle (bull markets and mini bear markets). People on Twitter speculated about a supercycle earlier this year, so it's not like it sprang out of nowhere. Personally, I believe that the conventional cycles have now been disrupted. But I'm interested in what everyone else thinks.
OP, zoom out, not super cycle enough for you? https://bitcoin.zorinaq.com/price/Those “80% drawdowns” are mere blips from a zoomed out viewpoint. It might be good not to have them, but 80% drawdowns are truly golden opportunities for plebs like us to Buy the DIP! |
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But that wasn’t the point. The point was being sanctioned from using SWIFT, and using Bitcoin as a protocol, and as a settlement layer.
If the payment was made in Bitcoin, and the delivery of the item was blocked, you believe that Bitcoin didn’t work?
That's why I told you you don't have a clue what SWIFT is. Ad hominem and literally laughable.
Russia did trade with Europe during the USSR and Warsaw Pact, they weren't in SWIFT, no Russian banks were, no Warsaw pact banks were in it yet trade still was done, by simply guess what, sending payments. But while payments were happening, USSR or the West could decide those items are not really for sale and stop the trucks at the border afraid of smuggling or spying, and did this means that the bank transfer failed? Not at all.
You can send payments with any method you want as long as the deal can't be reached it means you have failed!
Again, kicking Russia out of SWIFT doesn't mean you can't send a payment to a Russian bank!
Imposing a full-out ban on commerce with it means that no fucking payment solution will get you that stuff sold and bought.
So again, you're looking at bitcoin as a solution for the wrong non-existent problem.
Second, you're bringing unnecessary political problems to the network, Foundry is hovering between 15-20% of the hashrate, the so-called BMC members have about 60EXahash on orders, guess what will happen if Russia would turn Bitcoin into its tool for avoiding US sanctions?
You’re still using a straw man ser, none of your post disproves that Bitcoin as a protocol can’t be implemented and used as an alternative for international transfers for value. It can solve the friction caused from being banned from SWIFT, and it’s a trustless, censorship-resistant system for settlement. That’s a straw man ser.
That's reality. How many contracts of Extra-Union trade have you signed and overseen? Does that disprove that that’s a straw man? |
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Don’t listen to the advice of these charlatans in YouTube. They just want you to buy blindly anywhere, without any care for your investment and your frustration. A Bitcoin bought lower by buying the DIP is more Bitcoin purchased for every Dollar. Don’t worry about the surge or how high you think you can sell, worry about discounts and HODL.  Correct! Let's bear in mind that it's always too good to be true when it comes buying and holding. And we need to make our own way when it comes analysing the graph instead of listening to those crap content creators in youtube because most of their information is to gain views only not for the safety of our investments. Let's just be practical as well to prevent risky situation and in order to have a good return after all.. It’s hard to be wrong if we plebs always look for a discount, or a “sale”, when we purchase Bitcoin, clothes, shoes, or ANYTHING. Because every Dollar saved, is every Dollar earned. It’s ironic to post that phrase, but it has a point. Hahaha. |
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If ETF passes we will go 10,000+
Why would the price climb to 10 K dollars if the ETF is approved .Why are people making these claims.Why don't we stick to reality about the price.The realistic price it could reach is $2500 to $3000 at the max and we still have people calling for $10k .  How about a good correction in price if the ETF is not approved,do you think it is possible.  this aged well  my initial post as well (but it was about profit taking, not long-term outlook). glad I bought more during the dip. To have the opportunity to buy the DIP, DCA under $400, and actually build enough wealth for retirement. I salute you ser. I hope we plebs won’t be plebs for long. It’s the same during every cycle. FUD Bitcoin under $400,000 during the next cycle? It might be HOPIUM because of the law of diminishing returns, but I’m confident Bitcoin will be valued at least $100,000 per coin. |
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Don’t listen to the advice of these charlatans in YouTube. They just want you to buy blindly anywhere, without any care for your investment and your frustration. A Bitcoin bought lower by buying the DIP is more Bitcoin purchased for every Dollar. Don’t worry about the surge or how high you think you can sell, worry about discounts and HODL. |
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~
That doesn’t address the debate again.
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I love that rather you sneakily avoided commenting exactly the most important thing. A real case event where a country under sanctions, despite managing to secure a shipment and paying for it hasn't been able to have that shifted to them. So again, I'm asking you, how is bitcoin or any other type of parallel payment going to bypass a situation like the one I've pointed out before? But that wasn’t the point. The point was being sanctioned from using SWIFT, and using Bitcoin as a protocol, and as a settlement layer. If the payment was made in Bitcoin, and the delivery of the item was blocked, you believe that Bitcoin didn’t work? What if Russia was sanctioned, and used Bitcoin as the settlement layer for trading military weapons with China and all the items arrived? This is exactly the debate here, bitcoin helps in bypassing sanctions, look, we have merchandise that was ordered paid and stopped from being delivered, and the country that ordered it got nothing and lost the money also, how will bitcoin act differently? How will bitcoin make a difference?
What is so hard to understand is that if the police come to my parent's business and tell us if we export one single truck of meat to Russia we're going to get arrested we won't give a damn about what you pay us? You can ask the tooth fairy to sneak in during the night and put gold bars under our pillow to make it totally undetectable, but we can't make a truck invisible while crossing the border, get some alien to drive it, and at the same time cook the books as nothing happened, not without our own workers realizing something really fishy is going on.
Bitcoin or monero or any other coin or any other means of payment were not built for this, it was never their purpose, they exist in the digital world, goods need to be transported in the real one. I understand your enthusiasm but you need to a reality check.
That’s a straw man ser. |
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Plus the gaslighting-troll posts of “it’s just propaganda”, but under a centralized CBDC system, do CBDC holders have the freedom to donate their CBDCs to help the truckers? Or will they have their wallets locked? Those truckers are not criminals. Listen to the troll and learn, the hard way.
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The Government and the Central Banksters’ new narrative, and everyone will love them, because “more security”. Shitcoins would be more valuable than CBDC-arcade-tokens, simply because users can spend them with more freedom, anywhere they want. |
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But do you truly know? Because you would know that most of European homes would be freezing if Russia shut the pipes. Russian gas accounts for 30% of imports, not all that gas is used for heating homes, 20% of it is used in Germany to power gas plants, they could simply power coal powerplants instead. If we exclude Russian gas down from 100% Europe would still have 70%, which is far above the 37% of total natural gas that is consumed by the residential sector and this gas burned for electricity for the residential sector.. So even without Russia Europe would have twice the gas to heat all homes if it switches consumption off from other activities. You say that as if it was so easy. It won’t be easy, especially for the Europeans that have started shutting down Nuclear Power. But it does work. Bitcoin as a protocol can literally be used today to bypass SWIFT. If Russia and China implemented a platform using Bitcoin as the settlement layer to deal with Iran and North Korea, it would be censorship-resistant. You don’t believe Bitcoin is censorship-resistant?
I honestly think you have no idea what SWIFT is, no offense. And again, the can thing, theoretically, everything could work for everything it just happens that it doesn't right now in the real world. Ad Hominem. None of what you said addressed the debate. We had bitcoin for 13 years and rumors about it being used like that for 7 yet...no such proof of it working. Directly from the Russia propaganda mouth piece: Harirchi said “five million doses of purchased flu vaccine have been blocked at an airport due to the sanctions against Iran and they cannot be cleared and exported to the country.” Do you see? It doesn't work even if you managed to pay for it! That’s not the point, the same thing would happen through any protocol of settlement. That doesn’t address the debate again. It is my belief that Bitcoin’s underlying nature in geo-politics and its ability in weakening political strongholds has not been discovered yet.
Everyone is allowed to believe whatever he wants, you believe one thing, I tell you reality is different and this is what I believe. OK. |
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