One thing that cryptocurrencies, especially the ones working on a decentralized blockchain, that offer to their users and it is "liberating" is the fact that there's no third parties involved in any transaction. It's just user A sending funds to user B, just as money should function in the world.

Banks don't have anything to earn from such a payments system and neither have the governments, governed by banks, cuz they can't tax, they can't track, they can't seize and they can spy on you...

That doesn't mean that cryptocurrencies aren't gaining traction and that these governments aren't afraid of them. Otherwise we wouldn't have the EU introducing a bill next year to plan a digital euro. Why? Here's the answer...

A digital euro would be the European Union’s central bank digital currency (CBDC), which many countries are already beginning to explore, most notably China.
European lawmakers are concerned the rise of other CBDCs, privately-backed cryptocurrencies like formerly Meta-backed Diem and Bitcoin could undermine the demand for their fiat.
“If we don’t satisfy this demand, then others will do it,” ECB Executive Board member Fabio Panetta said in November, advocating for the creation of the digital euro.
source

The Governor of Hungary's Central Bank, György Matolcsy who calls for a ban on mining and trading in the EU

They're afraid of competition. Competition over the monopoly to issue money, exchange currency... What cryptocurrencies do? They're issuing money, exchange currencies that have potential to be used as money.

All we would need is some VISA or Mastercard option of spending crypto in real time and the power of euro is weakening... I sure know I'm not using it, although I could despite being a non euro country. I prefer using crypto and I do that by spending stable coins.

If for example you're a blockchain gamer or a blockchain content creator and you're living off of your blockchain earnings and you're also able to spend your earnings privately, what the fuck is there left to be taxed by that government if your earnings are not curned by them?...

But when you are conditioned to use the damn CBDCs that they have in plans for us, you will have to exchange these cryptocurrencies for cash(CBDCs) and use them to buy whatever you buy with them and by doing that you might have to pay some taxes... and you will have to pay taxes to whoever issues the money that you're using...

In the case you are able to use cryptocurrencies that you can earn from a blockchain game or something like that, what taxes shall you pay? It's not like you're that retard to ask for taxes. I sure know I'm not in that position. Moreover, we have this retard, the governor of Central Bank of Hungary calling for ban on trading and mining crypto in Europe.

Good luck doing that. If there will ever be a ban on mining crypto in Europe, I'm starting mining and I'll probably do that with illegal electricity. Crypto is our last resort and they can't take that from us, but the fear is real. They're afraid of stable coins such as the one from facebook and they're for sure afraid of the other cryptos...

If we're not going to fight for our privacy and freedom rights, for the next decade or so, many of these are going to be taken away by these leaches. Crypto is our right and we have to fight for it.

Thanks for attention,
Adrian

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