The Netherlands must ban crypto currencies as soon as possible before the ‘invitable crash’ happens, according to Pieter Hasekamp, the director of the government’s economic think-tank CPB. Unlike in other countries, the Dutch authorities have been slow to legislate on crypto currencies despite warnings by the CPB of its inherent ‘bad money’ characteristics, such as ‘fraud, criminal use, gambling addiction, financial instability and the dependence on huge amount of energy’, Hasekamp wrote in an essay for the Financieele Dagblad. The...
I am actually arguing for and against money being within reach of legislation here, let’s ignore that, I think all points I have made are valid at the same time
yeap, my mistake… Though if you forget about finance speculation, which big players do, and affect the currency value, the original idea of not depending on banks to do transactions is a very good one. Sadly big players, when seeing an opportunity, will definitely take it… an yes, I always forget blockchains make transactions identifiable and traceable…
Perhaps the original intend is what’s not bad at all, though crypto currencies ended up not fulfilling them…