The China Ban and the Potential for Punishing EU Regulations to Come Are Only Part of the Ever-Growing List of Problems for BTC

Two European Central Bank (ECB) economists recently released a paper stating that BTC benefits early adopters at the expense of latecomers and non

Two European Central Bank economists recently released a paper stating that BTC benefits early adopters at the expense of latecomers and non-holders. This has led to speculation that the ECB may be considering harsher regulations for BTC.

However, BTC maximalists claim that the small blockers declared war on Bitcoin, not the ECB. They argue that BTC is a capital sink that does not contribute to the productive economy, which is why governments are waking up to its flaws and turning to blockchain technology for productive uses.

As big-block implementations on Bitcoin like BSV scale to millions of transactions per second, enabling cutting-edge applications, BTCers continue to double down on the failed small-block narrative.

This is evident in the China ban and the potential for punishing EU regulations, as well as Italy’s government increasing capital gains tax on BTC.

Regular readers of CoinGeek, viewers of Kurt Wuckert Jr.’s many media appearances, and big blockers, in general, will already be aware that this has been predicted for many years now.

Whatever way BTC maxis spins it, continual growth cannot occur in a non-productive economy. As inflation comes down to around 2% in major economies and as more governments seek to capitalize on productive uses, BTC may have already peaked.

On the other hand, the big block economy will continue to grow. With innovations like Teranode enabling one million TPS for tiny fees and with more companies, governments and organizations realizing blockchain can increase productivity, the sky is the limit for big block Bitcoin.