Is Europe truly banning crypto due to a Smart Contract catastrophe?

BitBoy Crypto’s Ben warns viewers about several entities that pose a threat to the world of cryptocurrency. These entities include the US government, Elizabeth Warren and the anti-crypto army, the SEC, the IMF, the BIS, and the European Union. Ben discusses a new bill being passed around the European Union that wants to change the foundational levels of crypto and smart contracts to make them controlled and centralized, which goes against the principles of decentralization and freedom that are essential to the future of crypto. The risks posed by politicians, regulations, and entities require people to take back their power to ensure the growth and development of crypto.

Welcome to BitBoy Crypto!

My name is Ben. Tonight, I want to talk about something pretty serious that you guys all need to know about. So we’re waging war in the world of crypto with several different entities right now. One of these entities of course is the US government.

The US Government and Regulation

We are seeing a lot of questions about regulation. We’re seeing Elizabeth Warren, aka the banking abroad, want to start an anti-crypto army. We are facing attacks from all sides. The SEC totally head over its skis right now doing way too much as the kids say these days.

Global Entities Fighting Against Crypto

But they’re not the only people we have to fight. You of course have the IMF. You have the BIS. You have so many different agencies. You have the European Central Bank. So many people out there trying to fight against crypto. But there’s one entity that you may not know we need to be fighting against. And that is the European Union.

The European Union’s Dangerous Bill

Now, we don’t want to fight them, just because they’re European and they’ve shown that they’re far inferior to us in World War, but the reason why,

There is a new bill being passed around the European Union that is extremely, extremely, extremely dangerous for crypto and the way that this space is shaped, formed. The rudimentary foundational levels of crypto, they want to change. Now, what is this?

The Danger of Centralization

Well, first of all, this is a reaction to the DATA Act, which is one of the two acts in America, including also the RESTRICT Act, that are trying to come, you know, for our freedom, if you will. But the issue here is they’re literally–

And this isn’t even out yet, by the way, guys. This might be the first time you’re hearing about this. I actually have a copy of the bill. And if I was at home, I would show that to you, but, unfortunately, I’m here on the road.

I can’t show you a picture of the bill and also my beautiful face at the same time. And I’m sure you would much prefer this. But the fact is, this bill wants to change the way that smart contracts work to make them where they’re controllable, centralized.

The Revolution of Crypto and the Resistance of Entities

This doesn’t make any sense on a crypto level. What you see now is you see governments and different, you know, agencies and entities around the world trying their best to grapple with a changing world, with an economical, financial and technological revolution. And that’s what we’re seeing right now. They can’t stand it. They want to change it. And we have evidence that they are willing to follow through on this.

We go back and look at what happened in– I think it was Sweden or maybe it was Amsterdam. I can’t remember which country it was, but where one of the main developers of Tornado Cash was actually arrested for developing open source code. Guys, we are in very, very, very dangerous territory with a lot of these politicians, with a lot of the regulations, with a lot of these entities.

The Future of Crypto

And we have to make sure that we take the power back. And eventually we will. There’s no doubt in my mind that crypto is here to stay permanently. But not only that, it’s going to take over the financial system. Look at the banks collapsing, and you’ll see the way the foundation that we built everything on is very shaky.

It is shifting sand. And crypto, while it certainly has its problems now, will continue to grow and develop and will be the solution that we’ve all been looking for for how to solve all the problems with the traditional financial markets. So I want to know what you guys think.

Decentralization and Freedom

Do you guys believe this is dangerous? Do you guys think we should see control and centralization over smart contracts? I mean, in my opinion, the answer is obviously no. In fact, those two ideas are antithetical.

They’re actually not both conducive towards the future of crypto, in my opinion. Only one of them. Decentralization and freedom is. We’ve got to buck the system. As what my mom always used to say when I got in trouble as a boy, she said I was always bucking the system.

And you know what, Mama? I was born to do it. That’s all I got. Be blessed. BitBoy out.

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