What the f..ck is wrong with the world,EU and crypto ?

[gweb1996]

Crypto was supposed to be a decentralized means of payment, to escape banks and governments regulation, now it seems governments are trying to take control of crypto and the internet.

It's like the gov is telling you what to dream, what to think, what to paint, who to f..k, what to create and so on, we need to disconnect from this internet controlled by govs and make a truly crypto that no one can touch! This is dictatorship people.Open your eyes ! They are trying to control our lives and take away our freedom !

Crypto and the internet should not be a weapon like they want it to be. They weaponized food, oil, electricity, water, internet and anything they get there hands on.
They don't like you to download pirated ebooks ,watch pirated TV do to fact it's hard to censor not because they give a cr..p about "author rights"... Open your eyes ! Don't use see ,your allowing them to take your freedom !

Remember the '90 s internet ... that was a free internet,remember bitcoin 2009 ,that was true crypto...

I think it's time to close our mobile phones and say f...ck you and your internet EU


"Cryptocurrency companies will need a licence and customer safeguards to issue and sell digital tokens in the European Union under groundbreaking new rules agreed by the bloc to tame a volatile “Wild West” market."

https://www.business-standard.com/article/international/european-union-approves-rules-to-tame-wild-west-crypto-market-122070200060_1.html

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[jackg]

I'm not exactly sure what they're looking at with the "wild west market" but they're probably looking to protect investors (and this is hopefully what the bill is being passed for). Tighter regulation was always going to be coming and it'll be interesting to see if plans like this are actually implemented well enough to reduce scams (or if they're just a hassle for exchanges and traders alike).


I'm also assuming they're just copying the UK's regulations on this which already have licenses for exchanges.

[mindrust]

That’s how the governments work… They want to control everything and everybody. Money, people, businesses, banks… anything you name it. People wore masks and got dangerous gene therapies because the government told them. We are simply not free. Crypto can’t be free neither. It was always going to come to this and it did.

[gweb1996]

I'm not exactly sure what they're looking at with the "wild west market" but they're probably looking to protect investors (and this is hopefully what the bill is being passed for). Tighter regulation was always going to be coming and it'll be interesting to see if plans like this are actually implemented well enough to reduce scams (or if they're just a hassle for exchanges and traders alike).


I'm also assuming they're just copying the UK's regulations on this which already have licenses for exchanges.

Protect "investors" from what ? Do they expect that bitcoin will generate "value" ,apples,milk,honey ? What do "investors" expect bitcoin to do ?  "investors" even read the btc paper: https://bitcoin.org/bitcoin.pdf ?  Bitcoin is an experimental payment system that is based on trust...with bitcoin you move cash from point A to point B , that's it , nothing else.  Pretty much speculators took over the bitcoin networks and turned bitcoin from a cryptocurrency into a ponzi scheme. And f..king govs encouraging morons to "invest" in crypto...the world is crazy.
 
Smart people transfer money via bitcoin,morons invest(speculate) on it. It's f..ucking crypto + currency not crypto + stocks ...

[uneng]

It's still possible to deal with bitcoin in a decentralized way, since you can move funds through p2p transactions and there are decentralized platforms operating which won't ask for KYC and aren't regulated, but that is at your own risk to go for them without any guarantees in counterpart.

About governments' interference it was expected to happen once crypto became popular and widespread. Regulations are actually inevitable and there is nothing we can do about it besides agreeing and following them, giving up services they rule, or finding gaps (cheating them) and consequently facing the consequences for these acts. That is how things work since the arising of the human organized society.

[Bitstar_coin]

May I know what happened in the 90's internet that is so different from now? I can't seem to recall.
Btc in 2009 and BTC now are a bit different because now we have people from all works of life as part of the technology and everyone is trying to make it more suitable for them.
Besides, for btc to achieve global recognition and worldwide acceptance, certain things will change or will be introduced and I guess government control is one of them.
And I think you are exaggerating a bit, government is not exactly telling you how to dream, nor do they control how you should eat. I believe you are very much in control of those. 

[bustabitsboy]

Yes, that is exactly what is happening today. They climbed into our wallet, into the refrigerator, into bed. We can't drive our own car, we can't buy our favorite food. Why, for example, should refugees live in my house? Why can't they live with the prime minister? I am a kind person, but there is a limit to everything. If the new virus does not kill us, then our own government will destroy us. It's so hard to imagine that it even seems ridiculous.

[oHnK]

Crypto was supposed to be a decentralized means of payment, to escape banks and governments regulation, now it seems governments are trying to take control of crypto and the internet.

There is nothing that we can do about it. Unless you are as rich as Elon Musk then you can do something but as long as crypto is not banned or considered as illegal then it's fine for now. Everything takes time and in 10 more years alot of people will be relying on crypto then after that crypto will be out of reach from the government

[Gyfts]

I'm not exactly sure what they're looking at with the "wild west market" but they're probably looking to protect investors (and this is hopefully what the bill is being passed for). Tighter regulation was always going to be coming and it'll be interesting to see if plans like this are actually implemented well enough to reduce scams (or if they're just a hassle for exchanges and traders alike).


I'm also assuming they're just copying the UK's regulations on this which already have licenses for exchanges.

Do you believe the government is capable of protecting anyone? Financial regulations should only exist to promote capitalistic outcomes, ie competition amongst businesses. Bitcoin is decentralized by nature and doesn't fit the bill of sensible economic regulation; there isn't a central authority.

I haven't read any text of proposed bills, they all follow the same format -- bunch of jargon and strict regulations designed to curtail Bitcoin usage/growth. Consumer protection is the least of their concerns.

[btc_angela]

I'm not exactly sure what they're looking at with the "wild west market" but they're probably looking to protect investors (and this is hopefully what the bill is being passed for). Tighter regulation was always going to be coming and it'll be interesting to see if plans like this are actually implemented well enough to reduce scams (or if they're just a hassle for exchanges and traders alike).


I'm also assuming they're just copying the UK's regulations on this which already have licenses for exchanges.

Protect "investors" from what ? Do they expect that bitcoin will generate "value" ,apples,milk,honey ? What do "investors" expect bitcoin to do ?  "investors" even read the btc paper: https://bitcoin.org/bitcoin.pdf ?  Bitcoin is an experimental payment system that is based on trust...with bitcoin you move cash from point A to point B , that's it , nothing else.  Pretty much speculators took over the bitcoin networks and turned bitcoin from a cryptocurrency into a ponzi scheme. And f..king govs encouraging morons to "invest" in crypto...the world is crazy.
 
Smart people transfer money via bitcoin,morons invest(speculate) on it. It's f..ucking crypto + currency not crypto + stocks ...

I guess it is still the government mandate's to protect their consumer? Majority of them could be moron as you have describe it, but that is where the government enters the picture. It can't be a 'wild west' out there. Sooner or later the sheriff will have to established himself and uphold the law.

And crypto is evolving, yes it is a experimental payment system but it has evolved from them. it has value, been traded, we have exchanges, Mt. Gox debacle, manipulation etc.

[asriloni]

Protect "investors" from what ? Do they expect that bitcoin will generate "value" ,apples,milk,honey ? What do "investors" expect bitcoin to do ?  "investors" even read the btc paper: https://bitcoin.org/bitcoin.pdf ?  Bitcoin is an experimental payment system that is based on trust...with bitcoin you move cash from point A to point B , that's it , nothing else.  Pretty much speculators took over the bitcoin networks and turned bitcoin from a cryptocurrency into a ponzi scheme. And f..king govs encouraging morons to "invest" in crypto...the world is crazy.

You must understand if the whole of crypto market is not just bitcoin. The luna, celcius and 3ac cases have been pushing them to give regulations to the crypto. The inflation that happened on the total crypto exist in the market need to be controlled. Bitcoin may not become the main concern but altcoin does.
 

Smart people transfer money via bitcoin,morons invest(speculate) on it. It's f..ucking crypto + currency not crypto + stocks ...

Are you calling those microstrategy, tesla, and any other companies or governments were trying to speculate on bitcoin were fucking moron as well? 

[ven7net]

I think the appropriate answer to your question would be that our world is changing right now. And to be more precise, the current system is falling apart, which means that everyone now wants to snatch a piece of influence for themselves. This is very clearly seen in the example of different markets, for example, the cryptocurrency market. The EC, represented by certain countries, also understand this and probably also one of them is trying to keep their own or take away someone else's. As for us, we don’t really have a choice, but I know for sure that this time needs to be experienced or even survived. It is difficult to say what will happen in the end, but I know for sure that it will not be like before and it is likely that the world will be divided into zones of influence and each such zone will have its own rules of the game.

[TheNineClub]

Government control is nothing new, in fact it's in the very nature of governments and how they are structured. I do agree with you that the curent path crypto is going on and that a step back is needed to preserve the integrity of crypto. But to many people just like to look at their investment going up and with that comes the need for more regulations.

[gweb1996]

May I know what happened in the 90's internet that is so different from now? I can't seem to recall.

Here is an example for google :
keyword: fish canning aluminum sheet 0.15mm suppliers in Europe --> what i want, is to find suppliers for fish canning aluminum sheet 0.15mm in Europe ... google used to give you correct results, now it shows you all sort of "ads" and "info" that is irrelevant to your search...google used to be precise, now it's not...

Facebook,twitter ---> you type some political text to public ,bam next second you get ban ...you didn't follow "community" rules .... the fu..cking internet is now run by govs i tell you , yeah there is the dark net but that is for weirdos ...

[Poker Player]

Crypto was supposed to be a decentralized means of payment, to escape banks and governments regulation, now it seems governments are trying to take control of crypto and the internet.

And you thought governments were going to let Bitcoin get away? Governments had two options, to ban Bitcoin, which is useless, or to regulate it and try to control it, which is what they are doing.

"Cryptocurrency companies will need a licence and customer safeguards to issue and sell digital tokens in the European Union under groundbreaking new rules agreed by the bloc to tame a volatile “Wild West” market."

That's nothing. Legislation on the way from the European Union, of which a draft has already been approved, will implement KYC for all crypto transactions, of any amount:

Goodbye, privacy, goodbye, it was nice while it lasted.

In this line, some crypto ATMs in Europe that previously did not ask for KYC below certain limits, have come to require KYC for any transaction.

[PrivacyG]

A ton of bad news are coming out lately and it only makes me think more and more that they have been waiting for years for another bear market so they could spit out bad news everywhere around.  Kind of a big coincidence how all of a sudden everything happening in the Crypto world is FUD focused.

Anyone with an open mind and two brain cells knew they are not going to love Bitcoin but they are not going to ban it either.  Instead, they are placing 'layer two' control that are laws limiting our freedoms of using Cryptocurrencies.  Nobody stops you from using Bitcoin anywhere in the world or creating a new token, except the law that might punish you for doing so.

What is wrong with the world is exactly what you said yourself.  Everyone got so comfortable and lazy they prefer to be told what to think, say and believe.  Everyone seems to trust their own government and authorities and believe whatever they are fed through the feeding tube.  Sounds and seems insane but it is the world we are living in.

-
Regards,
PrivacyG

[gweb1996]

Crypto was supposed to be a decentralized means of payment, to escape banks and governments regulation, now it seems governments are trying to take control of crypto and the internet.

And you thought governments were going to let Bitcoin get away? Governments had two options, to ban Bitcoin, which is useless, or to regulate it and try to control it, which is what they are doing.

"Cryptocurrency companies will need a licence and customer safeguards to issue and sell digital tokens in the European Union under groundbreaking new rules agreed by the bloc to tame a volatile “Wild West” market."

That's nothing. Legislation on the way from the European Union, of which a draft has already been approved, will implement KYC for all crypto transactions, of any amount:

Goodbye, privacy, goodbye, it was nice while it lasted.

In this line, some crypto ATMs in Europe that previously did not ask for KYC below certain limits, have come to require KYC for any transaction.

And now pension fund managers will bet your pension savings on crypto, or banks that hold your savings will put some of your money on crypto , do to fact govs regulated "crypto" . Yep govs are now encouraging people to bet on "bottle caps and nuke cola bottle caps" ,like in Fallout game. The world is gone crazy ...same with cash ...in ancient times you would get silver,gold,copper,iron etc for your work ,now they give you a piece of paper,plastic or a virtual number that suppose to have value do to fact some "gov" that will not exist in a few years backs it  and forces you to use it. Yep the world is crazy ,no matter what they tell me !  It's time we switch back to good old fashion gold ,silver,steel and copper as payment.

[Reid]

I understand where this is going and I couldn't agree more.
The big question. What can we do about it? First, it's their citizen that must wake up. If they (high percentage of people) are in agreement with what their government is planning then who are we to reject it.
You could stop using it if you think there's something fishy on what is about to happen or just abide by the rules.
They want to see you, whatever or whenever you do it. No more privacy. The face they are using is "money laundering".

[gweb1996]

I understand where this is going and I couldn't agree more.
The big question. What can we do about it? First, it's their citizen that must wake up. If they (high percentage of people) are in agreement with what their government is planning then who are we to reject it.
You could stop using it if you think there's something fishy on what is about to happen or just abide by the rules.
They want to see you, whatever or whenever you do it. No more privacy. The face they are using is "money laundering".

In the Netherlands they have this --->  https://www.nbcnews.com/id/wbna13068060 , I spit in the Dutch people face for allowing such party, organization to exist.

Let me tell you exactly how they are money laundering and it's not via crypto,that would be stupid.


Step 1: Person A sets up a simple clothing shop company  ( company x )
Step 2: Person B becomes a shareholder in company x with person A
Step 3: Person B gives money to his people to buy clothing from company x
Step 4: His people buy clothing and the shop is mega profitable even if it does not sell anything of use and most of the time it has 1-2 clients.
Step 5: When it's time to collect dividends , person B gets clean money. He was a great investor,he made a great "business decision" .

That is why we see so many shops in malls, center of the city with zero clients in them ,that pay big rent or buys the building with very few or zero clients. Always wondered how this shops survive that's how I know this,took me a while to figure it out.

Other ways they do it is via foundations, associations and auction housing ( they buy junk paintings etc ) ...


If people study business ,they will understand this also...

[Doan9269]

Crypto was supposed to be a decentralized means of payment, to escape banks and governments regulation, now it seems governments are trying to take control of crypto and the internet.

i consider this an empty threat as long as the crypto network remain decentralized, how can they create a manipulation over it, to hinders or control the system is a big threat on government alone, CBDC could not make any difference, regulations made could not as well put them in control of it, had it been they can do anything about it, that would have been long ago dealt with, the worst china could do is to only ban it's citizens from using it, but how effective is that when there's p2p?.