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    Author Topic: Will EU ban Bitcoin?  (Read 644 times)
    cr1776
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    May 11, 2025, 06:36:16 PM
    Merited by coolcoinz (1)
     #41

    It wouldn't be surprising at all.  Authoritarians, whether fascist, socialist, communist etc, want power over people.  What better way to get it than to remove the ability to use money that has objective value?  With fiat they can inflate the value away so that you lose half your purchasing power in 30-35 years (or less).  With fiat they can control and censor people they disagree with.  Look at Germany shutting down a political party.  Look at France using the legal system to attack an opponent.  Look at the US using the legal system to attack Trump.  All pretty fascist techniques but certainly the rest of the authoritarians love using them too.   Look at Cyprus in March 2013 with the capital controls.

    Smart people in Europe should be putting some of their wealth in bitcoin so that they have a way to escape the carnage if worse comes to worst.  And not in some centralized ETF or similar vehicle.  Ditto the US so that if the far left extremists ever regain power and start attacking political opponents (e.g. using the IRS to do so as under Obama, using the legal system to do so under Biden etc) people in the US have a means to protect themselves.

    Will they ban it?  Yes, if they can't control it to their satisfaction.  Will that happen?  Who knows.
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