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by r00fus 2475 days ago
??? How do you conflate their stance against Libra with support for Bitcoin.

Bitcoin has no Facebook-sized entity the French and German governments can control/admonish.

Neither did any entity related to Bitcoin go out and stake any ground like Facebook did.

2 comments

> 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.

mrb'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.

Bitcoin 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.

So you're basically agreeing with the parent comment? (Just have some disagreement about governments underlying motivations?)
France & Germany could block or ban Bitcoin if they wanted to, just like China. The fact they don't imply they tolerate Bitcoin. They tolerate it because it isn't controlled by a private entity.