Quote from: temple on Today at 06:16:49 PM

Quote from: Wilhelm on April 01, 2022, 06:15:01 PM

Just reading about the new EU rules they are considering.

I can understand registering transactions to and from €uros. Proof of ownership to stop criminal money and all...

But if they want us to register each transaction then they should do the same for cash money. Basically turning the EU in Hitlers fourth reich.

And maybe I'm a dumb fuck for stating the obvious but all transactions are recorded....it's called the blockchain...

In my country there is no legal requirement for persons to keep any books or record of transactions (only for companies) so there are going to have to big changes in laws.

Hi Wilhelm, now you get my point right? It is not that I am against regulation per se that aims at preventing fraudulent activities. What they want to achieve is that private transactions with decentralized currencies aren't possible anymore. If you have to prove the origin of funds every single time, it is much much different than what we experience when we sell our bike on ebay or craigslist for cash. Nobody in the world will ever ask you where the 150 Euro/USD are from that haven't been there yesterday!
The only way you can transact privately will be through verified wallet addresses with centralized verification and wallet service providers involved. I guess that could count as a very wordy description for a CBDC. Agree? Wink

There is no such thing as anonymous wallets with CBDCs, and that is essentially what they want to currencies like Bitcoin into, should the wider public refuse to adopt CBDCs.

In my personal opinion that's bad news. But I do see a possibility in the mid- to long-term future. All these 50 - 60 years old dudes running the councils and parliaments now will once be superseded by a younger, digital generation. The question than just is whether the banking sector by then is still equipped with the same political power as they are now. Or whether crypto businesses will take over.

First off. It seems best to try to avoid mixing up what government officials would like to achieve in terms of providing a lot of burdens upon bitcoin users in order to attempt to cause bitcoin transactions to ONLY happen through officially acceptable (and restrictive) channels - and whether they are going to be able to achieve such objectives. Yeah, sure there are a lot of people who will likely just roll over until they realize what is happening, and then if there are tools available to conduct transactions more privately then individuals may well prefer to pursue those avenues of transacting (and interacting) and law makers are not necessarily detached from the desires of individuals - so the extent to which they are ready, wiling and able to carry out draconian measures and practices upon the population is still to be found out.. and I have my doubts in terms of just accepting that the govt. officials (and the status quo rich and institutions) are going to be successful in terms of controlling bitcoin rather than having to adapt to what bitcoin actually is and what bitcoin provides, which remains the possibilities to interact/transact without having each and every transaction traceable.. and surely some of the tools are still under development.. so yeah, developers are sometimes being targeted too...

Regarding your comments about young people being more enlightened than older people, that's a bunch of bullshit. Seems to me that there are going to continue to be a variety of perspectives. Sure, there might be some resistances for older people to adopt some technologies or to accept changes, yet that is not necessarily a bad thing, especially if they may well be recognizing and appreciating some of the important values of privacy and freedom.. so in that regard, young people are not always going to be the saviors in terms of being able to even appreciate how their smartness fits within a context of why some values might be more important than other values... including the fact that many times young people might get so blinded by their own thoughts of immortality that they do not really realize that there are limitations in their meat vehicle until they grow up a wee bit...

So my point is not to proclaim that old people are the solution, but instead to appreciate that there are likely a balancing of perspectives that need to be accounted for, and surely there is some truth towards concerns that older people are the ones who are in control of vast swaths of status quo wealth, so in that sense, change can sometimes take time when sometimes older people think about the world differently in terms of their risk profile and their desires to preserve wealth, and younger people may well frequently not have very much wealth, so they might not understand the importance of preserving wealth and instead be willing to take a lot of risks because they have nothing to lose..

And, yeah, I am writing a bit in generalities, too.. yet part of the point is that perspectives are going to vary based on age and socio-economic status, and surely there is likely going to be a lot of ongoing transfer of wealth that goes through bitcoin and even through some of the shitcoins, too... that ends up going to status quo rich that likely gravitate towards being older towards younger persons who may have taken some kind of stake in bitcoin.. and surely we still are in early stages of bitcoin adoption, too.. . so even a lot of young people have not realized and appreciated that they are going to be better off to be investing into bitcoin as early as possible with their time, energies and whatever value that they are able to generate whether through their labors and intellect or if they already come from wealth (or inherit it) to incorporate wise methods to allocate some of that wealth into bitcoin... building financial skills is not something that just comes without practice and attempts at learning.