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> Bitcoin has no Facebook-sized entity That is exactly the point. That would be a threat as they see it (just from reading the statement even). That's why bitc
by Erlich_Bachman 7y ago
> Bitcoin has no Facebook-sized entity
That is exactly the point. That would be a threat as they see it (just from reading the statement even). That's why bitcoin which is not a private entity, is not seen as a threat at this time.
- r00fus 7y agomrb's comment that "we will block Libra and we will not block Bitcoin* as some sort of tacit approval is bullshit. Bitcoin is tolerated because it's not centralized, and no one (obvious) entity is controlling it. If the EU governments could, they totally would ban Bitcoin. Libra, on the other hand, is a power grab by someone they can regulate, so they will.
- Erlich_Bachman 7y agoSo you're basically agreeing with the parent comment? (Just have some disagreement about governments underlying motivations?)
- mrb 7y agoBitcoin being "tolerated" is more accurate than "approved of". That's what I mean. And again, if they didn't tolerate it, they could ban/outlaw it, just like China did.