Bitcoin Forum
September 26, 2018, 07:41:53 AM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: [2018-08-03] Bitcoin & Cryptos Not Real Money - Dutch Central Bank  (Read 42 times)
Thekool1s
Legendary
*
Offline Offline

Activity: 1008
Merit: 1041


PM for Social Media/Signature Campaign Management


View Profile WWW
August 03, 2018, 04:30:30 PM
 #1

From the article:

Bitcoin and other cryptocurrencies are not considered money by the Dutch Central Bank, though there are no plans to impose a ban on them while consumer protection remains the main concern of the government.

Read More

Animated ANN thread Design, ANN Thread and other Graphic Design Services : https://goo.gl/zvTwGP
SPAM filter V1: Thread Link
1537947713
Hero Member
*
Offline Offline

Posts: 1537947713

View Profile Personal Message (Offline)

Ignore
1537947713
Reply with quote  #2

1537947713
Report to moderator
1537947713
Hero Member
*
Offline Offline

Posts: 1537947713

View Profile Personal Message (Offline)

Ignore
1537947713
Reply with quote  #2

1537947713
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1537947713
Hero Member
*
Offline Offline

Posts: 1537947713

View Profile Personal Message (Offline)

Ignore
1537947713
Reply with quote  #2

1537947713
Report to moderator
butka
Full Member
***
Offline Offline

Activity: 210
Merit: 134



View Profile
August 03, 2018, 05:10:45 PM
 #2

This is a quote from the linked article, something a Dutch Central Bank official had apparently stated:

Quote
“If something wants to be treated as money, you have to be able to spend, save and calculate with it.”

I find this laughable and it shows how little understanding these people have of bitcoin. Because you can clearly spend bitcoin, save bitcoin, and calculate with it!

dreamhouse
Hero Member
*****
Offline Offline

Activity: 966
Merit: 520



View Profile
August 03, 2018, 11:57:21 PM
 #3

what about gold, is it money? I am sure Dutch Central Bank doesn't consider it as money either, lol.

           ▀██▄ ▄██▀
            ▐█████▌
           ▄███▀███▄
         ▄████▄  ▀███▄
       ▄███▀ ▀██▄  ▀███▄
     ▄███▀  ▄█████▄  ▀███▄
   ▄███▀  ▄███▀ ▀███▄  ▀███▄
  ███▀  ▄████▌   ▐████▄  ▀███
 ███   ██▀  ██▄ ▄██  ▀██   ███
███   ███  ███   ███  ███   ███
███   ███   ███████   ███   ███
 ███   ███▄▄       ▄▄███   ███
  ███▄   ▀▀█████████▀▀   ▄███
   ▀████▄▄           ▄▄████▀
      ▀▀███████████████▀▀
DeepOnion      ▄▄██████████▄▄
    ▄███▀▀      ▀▀█▀   ▄▄
   ███▀              ▄███
  ███              ▄███▀   ▄▄
 ███▌  ▄▄▄▄      ▄███▀   ▄███
▐███  ██████   ▄███▀   ▄███▀
███▌ ███  ███▄███▀   ▄███▀
███▌ ███   ████▀   ▄███▀
███▌  ███   █▀   ▄███▀  ███
▐███   ███     ▄███▀   ███
 ███▌   ███  ▄███▀     ███
  ███    ██████▀      ███
   ███▄             ▄███
    ▀███▄▄       ▄▄███▀
      ▀▀███████████▀▀
.....DeepVault.....
....Blockchain File Signatures....
...deeponion.org...
aoluain
Sr. Member
****
Offline Offline

Activity: 588
Merit: 271


View Profile
August 04, 2018, 07:42:09 AM
 #4

This is a quote from the linked article, something a Dutch Central Bank official had apparently stated:

Quote
“If something wants to be treated as money, you have to be able to spend, save and calculate with it.”

I find this laughable and it shows how little understanding these people have of bitcoin. Because you can clearly spend bitcoin, save bitcoin, and calculate with it!

Yes of course bitcoin is not MONEY in that it is not made of metal and paper
but it is proving to be a system of payment, it is spendable, and some are
saving it, and can be calculated.

This statement goes against how other countries are moving with bitcoin.
We all know Japan for example recognises bitcoin as a form of payment.

buwaytress
Hero Member
*****
Offline Offline

Activity: 756
Merit: 690


I bit, therefore I am


View Profile
August 04, 2018, 11:44:36 AM
 #5

A little surprising as a turn of events, given how progressive the Netherlands has always been with Bitcoin, upholding several court cases and deeming them a legal means of exchange.

Then again, perhaps there's more to the definition of what it means as money and/or currency. If it recognizes that Bitcoin and crypto is already legal to use as exchange of value, and it even recognizes as such that it can be taxed, then perhaps it only recognizes that it cannot, as a bank, monitor how people spend/save/calculate with Bitcoin - and still has to rely on people reporting things to them honestly.

So maybe this isn't the bad news the headline makes it out to be.

hatshepsut93
Hero Member
*****
Offline Offline

Activity: 910
Merit: 601


Vires in numeris


View Profile
August 04, 2018, 11:50:20 AM
Merited by Thekool1s (2)
 #6

A little surprising as a turn of events, given how progressive the Netherlands has always been with Bitcoin, upholding several court cases and deeming them a legal means of exchange.

I've seen a lot of statements from central banks from all over the world. Their logic can be explained by the fact that they are hardcore mainstream economists who were taught that it's their duty to protect the market from all sorts of risks and disasters with their regulations. They were also taught that fiat money is a superior system to historical systems like gold coins, barter, spontaneous money and banknotes backed by gold. So, in their eyes Bitcoin is a move back to unregulated money, which they believe is dangerous.

Thekool1s
Legendary
*
Offline Offline

Activity: 1008
Merit: 1041


PM for Social Media/Signature Campaign Management


View Profile WWW
August 04, 2018, 12:08:58 PM
 #7

A little surprising as a turn of events, given how progressive the Netherlands has always been with Bitcoin, upholding several court cases and deeming them a legal means of exchange.

I've seen a lot of statements from central banks from all over the world. Their logic can be explained by the fact that they are hardcore mainstream economists who were taught that it's their duty to protect the market from all sorts of risks and disasters with their regulations. They were also taught that fiat money is a superior system to historical systems like gold coins, barter, spontaneous money and banknotes backed by gold. So, in their eyes Bitcoin is a move back to unregulated money, which they believe is dangerous.

This just hits the nail on its head.

Animated ANN thread Design, ANN Thread and other Graphic Design Services : https://goo.gl/zvTwGP
SPAM filter V1: Thread Link
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!