Quote from: Charles-Tim on July 18, 2021, 03:07:36 PM

Why not excited? Bitcoin is not existing for competition, it is an alternative which also gives privacy. Bitcoin is also an asset, not existing to substitute fiat but as a safe haven and for wealth creation.

Why would I be? Well CBDC is nothing but a digital fiat whose only advantages I see is that there would no longer be a need to produce banknotes and coins, transport and insure physical money. It remains a centralized and even more controlled means of complete control over one's finances.

Quote from: Charles-Tim on July 18, 2021, 03:07:36 PM

China is a country controlled only by a single president, Europe is not controlled by a single president. China is a country, Europe are countries and each country is independent.

I put China in this context only because of the link to their CBDC and the fact that its launch coincided with the banning of crypto mining - it is logical to ask whether the EU might be able to introduce some similar measures (though perhaps not so drastic) before introducing the digital euro. China is not a dictatorship in the sense that it is ruled by one man, but by the Communist Party - that one man at its head is only formally the strongest figure.

We can discuss the fact that every country within the EU is independent, but you should know that 70% of all laws are passed in the EU Parliament and are only confirmed at the level of member states - small states have almost no influence - I say this from the experience of my country which accepts everything (even laws that harm national interests) because it has no mechanisms or responsible political leaders who want the best for their people.

Quote from: Charles-Tim on July 18, 2021, 03:07:36 PM

Many countries in Europe are even Bitcoin friendly, China has never been Bitcoin friendly. European countries still gives more freedom to citizens unlike China.

That's true, many EU countries have very good laws when it comes to cryptocurrencies, but that doesn't mean there won't be changes - they are on the way and coming for sure, it's just a matter of time.

Europe is Considering Crypto Regulation

Quote from: o_e_l_e_o on July 18, 2021, 03:58:57 PM

This has nothing to do with maintaining "financial stability", and everything to protecting their own vested interests.

Of course, it has nothing to do with what they cite as the main problems, because as you wrote, the EUR is on the same path as the USD, and over time it will lose its value - these pandemic measures will only further accelerate the process. The fear of losing control of the financial system has always been the biggest problem of the governing structures that govern the people through it. A man who is his own bank and absolutely controls his finances is the nightmare of every banker and politician.