Enjoying Summer

It's Friday already, how time flies when the weather is nice. I am outside most days, enjoying the sun with the dogs, warming from the long dark winter. Recharge energy for the time that will come again after this summer. And that automatically means that I spend much less time online than I normally would. And let me tell you, it works like a miracle for my sometimes obsessive thoughts. Out in the sun, playing with the dogs, I let all crypto worries slip away, and sometimes I even forget that I should check out what's happening in the crypto world.

Of course, I write blogs for Hive, because I like it. But other than that, I'm actually very little involved with crypto these days. And maybe that's a good thing. Now that I take a quick look at the latest crypto news this morning, there is not much reason to get very cheerful. We did not enter a bull market overnight. On the contrary! The bears seem to be tightening their grip rather, and bulls seem to have little to expect for the time being.

News Headlines

The news scream at me with bold headlines like “USDT Appears to Lose Peg to US Dollar”, “Binance Exits Cypriot Market”, “US Congressman Hopes Crypto Disappears” and “Winklevoss Twins Warn of a “War on crypto".

I'm just mentioning a few of the headliners I'll see when I scroll quickly. It's not exactly headliners that cheer me up, or hold out much hope for a quick reversal of the current bear market. They are not headliners that seem to offer many prospects.

The War on Crypto Rages for a long time already

That we are dealing with a War on Crypto has of course been clear for a long time. Imagine all those people making money outside the established order! That is not possible, that is not allowed and that will not happen! But the government will get their share. Capital and profit tax on crypto coins (which they do not recognize as currency), they are only happy to take that from you.

Let me start by saying that I am not necessarily against paying taxes on crypto. But I think it is only right if I were to pay tax on the crypto that I actually converted into hard euros. As long as I don't cash out, I actually own nothing. Because let's be honest, I do everything I can to prevent it, but if a hacker takes over my PC tomorrow I could just lose everything. In addition, you pay tax on a 'moment of withdrawal', and as we all know, that sometimes differs from one day to the next. So well, the only tax I would think is justified is the tax on profit, the moment you have cashed out crypto to dollars or euros or whatever national currency you use.

Dutch Politician doesn't get it

Whatever, that's my personal view of the event, no need to worry about this because I have nothing to say about it anyway. How I ended up on this piece, that had to do with a piece written by a Dutch politician Henk Nijboer. He thinks that the Government MUST intervene on Bitcoin and other cryptocurrencies. And the main reasons he gives for this are:

• Cryptocurrencies as Criminal Payment
• Prevent Scams and Deceit
• Consumer protection
  
  

According to him, research has shown that Europol estimates that crypto (Bitcoin) now plays a major role in 40% of Criminal Transactions. He is also supposedly concerned that people will lose their 'coins' if their PC crashes or if they lose their password. Well, that is an annoying possibility. But it has everything to do with how well you understand what you are doing, and how responsible you are with your crypto holdings. It is precisely that part that is somewhat the 'core' of crypto. YOU are responsible for YOURSELF.

Well, I probably can't even blame him for this piece of misunderstanding of crypto. He doesn't get it, he doesn't know any better... he's been brainwashed that no one can and shouldn't bear that responsibility for their own money.

The last point he mentions is of course in line with this. He had read in the newspaper that a family had sold their entire belongings for Bitcoins, and he thought that was really IRRESPONSIBLE. With traditional investments, the bank's duty of care prohibits cooperation. He thinks the same should be imposed on crypto exchanges. Because this really CAN'T!

Imagine being free from obligations

Yes, imagine that you no longer have a mortgage, that you no longer have a house in your name and that you are free to do what you want! To live where you want and to just enjoy yourself without the mountain of obligations that you normally have on your neck. That is indeed not possible. It's just… Nah, never mind!

By the way, I don't know if I would sell all my belongings for Bitcoin, but to say that this should not be allowed, that's a few steps too far for me. Then again I don't think it's possible. It is the choice of the people themselves to do that, live and let live. Who does he think he is to say this shouldn't be allowed? I don't think there is a government to prohibit this.

Time to go back to the SUMMER vibes

Hmmm, so today a blog in which I don't even share an article for you to pick up on. This morning I just took a quick look at some Dutch websites with crypto news. I quickly scrolled over the headliners, and since that didn't make me very happy, I decided not to look any further.

It's summer, it's just half past 9 in the morning and the temperature is already starting to rise. It's time for me again to make sure that our precious plants have enough moisture to withstand the sun this day. So, in short, it's time to take the dogs outside with me, go and water the garden before the blistering heat takes over. A walk in the woods with my comrades is still in the offing and I will probably do some painting ...

In short, a Friday without much crypto on my mind, but all the more enjoying what I can do. I will see ya'll soon again!

Happy Friday!