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...
“Is not that harmfull” is a whay to slowly drain all the effort you have made to gain resources, is literally a way to steal from you without having to actually take away a penny from you.
Maybe you haven’t experienced it properly, hearing that people lost their life savings because all the money they have saved now have loss 99% of it value in an hyperinflation or being unable (by law) to use other less crappy currencies (the currencie of my country did that in just 20 years). You can’t save anything, all the time your purchasing power goes down, I can go on and on…
And the horrible problem with regulations is that the consecuences are counterintuitive most of the time, like the example in the “broken window fallacy”
Te problem being solved is that poor (and not poor) people will have an instrument to save, trade and avoid regulation that make their life imposible. Saving in crypto helped me to avoid loosing purchasong power (even taking into account the dip) so what is the alternative you propose to that problem? Needless to say that avoiding taxes that take like a 50% is a must to sustain yourself. Feeling it in your own fless give you a little perspective