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A comment on EU plans to make Bitcoin transfers more traceable. Parent comment

Re:EU plans to make Bitcoin transfers more traceable by stavros on Tuesday July 20, 2021 @05:19PM (#27899505)
The laws will be trivial to enforce. Expect to be unable to exchange cryptocurrency (that you own in your wallet) to fiat, which will almost kill the cryptocurrency market for anything other than speculation.

I expect a parallel, dark economy will still be around, where people transact with cryptocurrency and can only exchange it for cash.

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Re:EU plans to make Bitcoin transfers more traceable by betwixthewires on Wednesday July 21, 2021 @04:31AM (#27903803)
It will kill the speculative market. Their native use cases in their own systems will still be 100% viable. If someone uses for example bitcoin cash or miner as money as they're intended nobody can do a thing about it. For those people uninterested in off ramps this means little.
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Re:EU plans to make Bitcoin transfers more traceable by stavros on Wednesday July 21, 2021 @04:41AM (#27903866)
I use it as money as it's intended, to get paid for my work. The supermarket doesn't accept BTC, does that still make it 100% viable?

You better believe I'm going to be paid in USD from now on.

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Re:EU plans to make Bitcoin transfers more traceable by betwixthewires on Wednesday July 21, 2021 @03:22PM (#27910847)
For those people who use it, yes.
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