Bitcoin veteran Tuur Demeester says a new article from the European Central Bank (ECB) on BTC is a “declaration of war” on the most important crypto asset.
In new research, the ECB claims that BTC has strayed from the original vision of Satoshi Nakamoto, its pseudonymous creator, and now exists to extract value from latecomers and non-holders.
Authors of the ECB document urge the general public to call on politicians to pass laws that force BTC to ‘disappear’.
Demeester, the editor-in-chief of Bitcoin analytics firm Adamant Research, believes government agencies will use the ECB’s “Luddite argument” to introduce taxes or bans on BTC.
“In all the years I have been watching the Bitcoin world, this is by far the most aggressive piece of paper to come out of the authorities.
The gloves are off. Clearly, these central bank economists now see Bitcoin as an existential threat that must be attacked in every way possible.
Many of us warned that this was coming: Bitcoin as a major political fault line, both in national and international elections. Well, here it is. It means that we HODLers must take action to ensure that governments respect our fundamental right to property.
And no, this won’t be a war between the haves and the have-nots. Rather, this will be a historic clash between those who stand up for the natural rights of the individual, and those who cling to the failed ideologies of collectivism and central planning.”
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