THELOGICALINDIAN - The Dutch Bureau for Economic Analysis administrator has alleged for the Netherlands to ban Bitcoin immediately
Pieter Hasekamp, a key bread-and-butter adviser for the Dutch Ministry of Bread-and-butter Affairs, has alleged for a complete ban on mining, trading, and captivation Bitcoin.
Economic Advisor Pushes Bitcoin Shutdown
Days afterwards El Salvador anesthetized a bill to accomplish Bitcoin acknowledged tender, one key official in the Netherlands has appropriate an absolute ban on the asset. Pieter Hasekamp, the Dutch Bureau for Economic Analysis director, believes mining, trading, and alike captivation Bitcoin should be banned immediately.
In an article on the Central Planning Bureau website blue-blooded “The Netherlands charge ban Bitcoin,” Hasekamp argues that Bitcoin fails to accommodated the three key belief of money. The asset is an ambiguous assemblage of account, annoying for payments, and accessible to coin or abduct compared to acceptable currencies, Hasekamp said. He added that Bitcoin is advantaged by abyss because of its “anonymity.”
The arguments Hasekamp presented accept frequently been acclimated by Bitcoin’s loudest detractors over the years, admitting crypto believers altercate that such credibility are misguided. While Bitcoin is unstable, proponents altercate that cryptocurrencies are a beginning asset class, and accordingly haven’t yet begin their accurate value. Moreover, Bitcoin’s all-embracing aisle has been positive.
Moreover, Bitcoin payments accept become easier in contempo years acknowledgment to the development of the Lightning Network. A Layer 2 on top of Bitcoin, the Lightning Network processes affairs at a college acceleration and lower amount than the abject chain. When El Salvador begins to accept the asset, it’s planned that its citizens will use Strike, which runs on the Lightning Network.
Hasekamp’s altercation that Bitcoin is accessible to coin and abduct is additionally questionable. Bitcoin is acutely defended because it is decentralized, while affairs are actual accessible to track. In the contempo Colonial Pipeline ransomware case, the FBI was able to balance allotment of the bribe paid in BTC by artlessly afterward the affairs on the broadcast ledger.
While Hasekamp’s acrid comments authenticate a abridgement of compassionate of the avant-garde amount hypothesis of blockchain technology, his angle don’t reflect the Dutch government’s official position. In added words, cryptocurrency holders are still accomplished to authority and barter their agenda assets.
Disclaimer: The columnist captivated ETH and several added cryptocurrencies at the time of writing.
