We have been talking about it on our local board and we think that this will be the case, that the EU will make it mandatory to identify all cryptocurrency transactions with personal data and pass it on to the authorities.
This does not necessarily have to be the case, because in the procedures that remain until the law is finally approved and enters into force, there may be changes, but unfortunately it is most likely.
Can you look into Hedera Hashgraph and tell me why it would not totally replace Bitcoin + Ethereum in the near future?
The founder, dr Leemon Baird who is a mathematician (PHD) and computer scientist, invented the technology and says it completely kills all blockchain technology.
I'm not tech savvy but his main arguments were:
- Thousands of transactions per second, while Bitcoin can do less than 10 and Ethereum just a bit more.
- Far more energy efficient
- All transactions are traceable
With regards to EU regulation, I think that bitcoin and ethereum are completely inferior to this tech.
But if you think that's wrong, please tell me why. Google and various other corporations are already on board with them.
https://www.youtube.com/watch?v=cpXkMZqtLl0
Regulations are inevitable, we have also heard for a long time that governments are introducing regulations for crypto. The government controls us and everything, if we want crypto to be widely accepted then we have to get used to the regulations they will impose on us. They will never let us out of their control.
Only if humans allow them to.
Control the money, and you control the people. This is what Henry Kissinger once said.
One of the most brilliant financial minds, but sadly someone who used it for governments to control people and for the USA to boss around the world because of their Federal Reserve. An endless supply to money backed by nothing.
The monetary system is a scam. More than 60% of Americans live from pay check to pay check. All it takes for the government to completely wipe out those people, is to cause inflation. Which is currently spiralling out of control due to decades of money printing.
Human beings have to redefine what money is. If you can print it, I don't want it. It is not a store of value and it allows government to destroy our purchasing power.
I believe that crypto has a huge potential to end banking corruption in the world. No more printing. No more manipulation.
I think that bitcoin is revolutionary but it will be replaced by better tech.
Governments will fight against it, alongside the media. But I don't think they can win.
Check out this iconic video of Nobel prize winner Milton Friedman predicting the rise of crypto currency to reduce the role of government, in 1999 (!!)
https://www.youtube.com/watch?v=leqjwiQidlk&t=2sWe the people, will stand up to them.
"Governments are good at collecting taxes on things that don't move. Like land.
The internet will make it extremely hard for government to collect taxes on goods and services, because they can move"
"The one thing that's missing, is a reliable e-cash"
The question is whether bitcoin is that cash, or not. For now it may be. But I think it will be replaced by better tech.
[moderator's note: consecutive posts merged]
