Large German lobby organization supports ban on Bitcoins

[gst]

Original press release: http://www.bvdw.org/medien/bvdw-warnt-verbraucher-und-haendler-vor-bitcoins-als-zahlungsmittel?media=3006

Google translate:

BVDW WARNS CONSUMERS AND DEALERS AS PAYMENT BITCOINS

The Federal Association of Digital Economy (BVDW) advises consumers of the use of cash "Bitcoins" ex. Bitcoins have the potential of the whole society through tax evasion, money laundering and illegal transactions harm the long term. For the safety of consumers and in the interest of all market participants in the BVDW recommends the best means and methods of payment for online transactions in e-commerce trust.

BVDW Vice President Christopher N. of Dellingshausen:
"The Federal Association of Digital Economy Consumers warned against the use of cash Bitcoins. For one, issuing and control of cash in our society a sovereign function. By using Bitcoins as payment, the necessary review by the State in cases of fraud or money laundering is impossible. Bitcoins why are simply dangerous and have the potential to harm society as a whole just to sustainably reduce tax evasion, money laundering or other illegal businesses.

Second, contrary to an automated control money supply as is the case, Bitcoins' every economic policy and their escape to the ground. The extraordinary importance of economic policy for the company, the companies and organizations, and virtually every consumer in the wake of the financial crisis may already know.

We assume that, on substitute currencies' like Bitcoins sooner or later be banned by legislation, because he sees the responsibility to protect its citizens and society far-reaching. exist for the safety and welfare of consumers, but also in terms of the interests of traders and operators of online stores must be a regulation for the payment. Although we operate in a virtual environment, but with real transactions. Excluded from this course are limited points and miles scheme or similar customer loyalty programs, which happens a pay similar compensation to a limited extent within a range between the user and service provider.

The real economy must not become a monopoly game. The BVDW recommends that all market participants to continue to rely on the proven means of payment for online transactions in e-commerce or online barter. A collection of Bitcoins as a monetary reserve could be validated by another on the day by state intervention.

In addition, the EU legislative process seeks to identify the Payment Services Directive (PSD) has already initiated the first important steps for the cross-border payments. The principle of self Bitcoins would occupy this position. By will shape the policy, however, cross-border payments as easily, efficiently and safely as possible, the policy while enhancing competition by new entrants gain access to payment markets. The legal basis for the Single Euro Payments Area, therefore, is the Payment Services Directive, the legal basis for the creation of an EU-wide internal market for payments.

Certainly, this policy makes the work of individual payment service, but overall, it proves to be useful for a transparent and trustworthy market view. In the future single, destructive forces are repeatedly express an interest, released its own new currency to provide from state control. Based on recent events and reports in the media about the use of Bitcoins as payment, we experience the result of a first wave of a currency discussion, the intensity in the next two to three years will continue to expand.

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[tiberiandusk]

Their arguments against it could be used against any type of money. They are afraid of us.

[cschmitz]

It's a shame and a reason why lobbygroups are bad. They claim to be "We are the net", yet it should really mean "We like to tailor politics and policy towards our intestest of maximizing monetization out of the net".
This lobbygroup recently also rallied against a law that would make broadband access everywhere mandatory to providers, even in rural areas.

[kiba]

ROFL. 

[Vladimir]

Wow imagine bitcoin value does not asymptotically approach zero along with every single other one fiat currency in the world! How dare they! Consumers beware!!! We have enough troubles as it is with gold and silver and now this bitcoin thing came along... mommee help, ban them, we have no chances competing with this!!!

[foo]

"First they ignore you, then they laugh at you, then they fight you, then you win."  -- Gandhi

Looks like stage 3 is starting already.

[Prze_koles]

Cool  

[dwdollar]

I'm afraid this is just the beginning.

[Sukrim]

The only valid point I see in there is "Be careful, it might get banned!". The rest seems like "wahwahwah, WE have the solution to your problems, wahwah".

[martin]

ROFL. 

QFT

I was laughing all the way through that

[kiba]

Are you kidding me? This is a cause for celebration! It means we're important.  

[r2k-in-the-vortex]

hey we can stick this one up anyones nose who tries to claim bitcoin is a ponzi scheme, and say here atleast this lobby group takes us seriously althou they dont like us

celebrations are in order, states have to recognise you first before they can fight you

[kiba]

First, they ignore you, then they laugh at us, then they fight us, then we win!

Look like they skip over the laughter stage directly to fight.

[carbonpenguin]

When a ban is passed, the value of btc will crater, and that will be the moment to buybuybuy!
"All Hell can't stop us now!" http://www.youtube.com/watch?v=U8aN9humbOI

[nathanrees19]

Hello community member,,

We must fight bitcoin evil. Please send your bitcoin to 1BVDWswBCGv3z73hEEoH2a7pBtakXSihXF, with this we can ban it !! and evil will be gone.

Thanks you,
BVDW

[shackra]

"First they ignore you, then they laugh at you, then they fight you, then you win."  -- Gandhi

Looks like stage 3 is starting already.

here we go ...

[hazek]

For one, issuing and control of cash in our society a sovereign function.

Well if anyone still doesn't understand that we are all slaves as long as we live under a state rule, here's your proof.

He basically said: "How dare you, mundane, come up with such a preposterous idea of issuing your own money. Don't you know this sort of right is reserved only for your kings overlords and masters?! Now be a good slave and quit this nonsense or else!"

[Cryptoman]

They can't tolerate not having centralized, political control over things.

[hazek]

They can't tolerate not having centralized, political control over things.

That's because they are nothing without it.

[MoonShadow]

First, they ignore you, then they laugh at us, then they fight us, then we win!

Look like they skip over the laughter stage directly to fight.

Because they know it's not funny.  That's the mockability rule, if you can't mock it, you're probably wrong.