Bitcoin smackdown coming

[mindrust]

Ban or don't ban. Both benefit bitcoin users.

If they ban it, bitcoin will make a dumping party... for a short time. Most people will see it as cheap coins It will recover itself after the shock and keep rising.

If they don't, bitcoin will keep rising.

There is no exit, assholes. Fuck your fiat.

[jondeen707]

Good times  Reminds me when the Central Bank of China was supposed to ban bitcoins several times a few years ago.

spot on! they aren't so stupid as to seriously consider this option. Anyway, we only stand to gain from that.

[Kakmakr]

How can they ban Bitcoin, if they stole the Blockchain technology that are currently being developed? Why do you think Mike Hearn went to work for R3? It was definitely not to work on their old legacy systems. What we might see in the coming years, is a clear distinction between public and private Blockchains, and separate regulations for these two entities. ^hmmmmm^ 

[severaldetails]

I still don't think that ECB is really taking virtual currencies serious.
Maybe some people way down the command line have a realistic view on what a crypto currency can or can not do.
But for the level where decisions are made, crypto is still too small by far.
I can not imagine that they would use their time to even debate about it.

Although it's a cool name, I don't think that articles written by a guy who calls himself Tyler Durden shuold be considered to be a realistic scenario of the future.

[pedrog]

I still don't think that ECB is really taking virtual currencies serious.
Maybe some people way down the command line have a realistic view on what a crypto currency can or can not do.
But for the level where decisions are made, crypto is still too small by far.
I can not imagine that they would use their time to even debate about it.

Although it's a cool name, I don't think that articles written by a guy who calls himself Tyler Durden shuold be considered to be a realistic scenario of the future.

You should read the original document:

https://www.ecb.europa.eu/ecb/legal/pdf/en_con_2016_49_f_sign.pdf


BTW, there's nothing in there about banning bitcoin.

[groll]

Ban or don't ban. Both benefit bitcoin users.

If they ban it, bitcoin will make a dumping party... for a short time. Most people will see it as cheap coins It will recover itself after the shock and keep rising.

If they don't, bitcoin will keep rising.

There is no exit, assholes. Fuck your fiat.

Well we dont care about EU, even if they ban bitcoin there are still many countries worldwide that uses bitcoin. And take note not 100% of EUs population are into bitcoin. There are only a small population in EU that are into bitcoin. Even if bitcoin is ban it is hard to trace or track if the citizens are still doing bitcoin. So even there is banning of bitcoins in a certain country the citizens will not stop using it.

[streazight]

I don't beleive that EU will bann Bitcoin or that it will become illegal. Despite the financial system attitude towards Bitcoin EU is just too much liberal to do something like this. They will regulate it some way, that is for sure, and this regulation will be valid for all EU countries, but Bitcoin will not be outside the law.

That is for sure. EU can only take a step to regulate the use  of Bitcoin within it jurisdiction but cannot completely ban it. They can try harder but nothing will be there capable of bringing down bitcoin, instead they should just find a way of taxing the bitcoin users. That's fine.

[markj113]

I don't beleive that EU will bann Bitcoin or that it will become illegal. Despite the financial system attitude towards Bitcoin EU is just too much liberal to do something like this. They will regulate it some way, that is for sure, and this regulation will be valid for all EU countries, but Bitcoin will not be outside the law.

That is for sure. EU can only take a step to regulate the use  of Bitcoin within it jurisdiction but cannot completely ban it. They can try harder but nothing will be there capable of bringing down bitcoin, instead they should just find a way of taxing the bitcoin users. That's fine.

But surely if you can identify people for taxing purposes then you can go after them if you introduce a ban.

[socks435]

Ban or don't ban. Both benefit bitcoin users.

If they ban it, bitcoin will make a dumping party... for a short time. Most people will see it as cheap coins It will recover itself after the shock and keep rising.

If they don't, bitcoin will keep rising.

There is no exit, assholes. Fuck your fiat.

Well we dont care about EU, even if they ban bitcoin there are still many countries worldwide that uses bitcoin. And take note not 100% of EUs population are into bitcoin. There are only a small population in EU that are into bitcoin. Even if bitcoin is ban it is hard to trace or track if the citizens are still doing bitcoin. So even there is banning of bitcoins in a certain country the citizens will not stop using it.

I think its impossible that EU will ban bitcoins since i heard that many europian here already using bitcoin and i think there is some business online or related in bitcoin for EU. Maybe in russian can be ban bitcoin in other big countries like EU i think its not.