In response, PoW threatens to downsize eliminate and replace the entire massively wasteful legacy GovBankFi sectors... https://www.btc-echo.de/news/bitcoin-spd-gruene-und-linke-fordern-verbot-in-... https://www.sygna.io/blog/what-is-mica-markets-in-crypto-assets-eu-regulatio... https://bitcoinminingcouncil.com/ https://nydig.com/research/report-bitcoin-net-zero https://kingsbusinessreview.co.uk/bitcoin-solution-for-energy-transition https://www.oilandgaslawyerblog.com/mining-bitcoin-a-solution-to-gas-flaring... https://twitter.com/BrianRoemmele/status/1453761177201242116 https://bitcoinist.com/btc-the-lightning-network-s-energy-consumption-vs-the... https://www.youtube.com/watch?v=9a-eUKjnDfM https://cryptoonow.com/mexicos-third-richest-billionaire-says-buy-bitcoin-fo... https://cryptocoinsjournal.com/mexican-senator-to-propose-crypto-law-we-need... European Union plans to forbid Bitcoin and Proof of Work Cryptos by gumbelslaint Automated Translation: Sven Giegold buero-st-gie@bmwi.bund.de Joachim SCHUSTE joachim.schuster@europarl.europa.eu Stefan BERGER stefan.berger@europarl.europa.eu Cramming crypto regulation. The European Parliament wants to prohibit the provision of crypto services based on "environmentally unsustainable consensus mechanisms" in its MiCA guidelines. This is according to a final compromise proposal from the responsible Committee on Economic and Monetary Affairs (ECON), which is available to BTC-ECHO. De facto, this could mean the end for proof-of-work-based cryptocurrencies like Bitcoin from January 1, 2025 in the European Union. The final decision on the draft is to be made in Parliament on February 28. Stefan Berger told BTC-ECHO that he believes it is "very likely" that the proposal will go through. As Chairman of the ECON Committee, he is largely responsible for the design of the MiCA Directive on the regulation of cryptocurrencies in the European Parliament. The advance of the Bitcoin ban had thereby the SPD, Greens and Left energetically demanded, said the CDU politician in an interview with BTC-ECHO. The parliamentary groups of the Christian Democrats, right-wing conservatives and liberals would have vehemently resisted the inclusion of the ban in the negotiations. In the end, the Social Democrats, Greens and Left threatened to otherwise withhold their approval of the MiCA draft, according to reports. Previously, SPD politician Joachim Schuster had already publicly called for a bitcoin ban. Green Party European politician Sven Giegold also spoke to BTC-ECHO in favor of illegalization. The vote next Monday will be followed by a trilogue between the EU Commission, the Parliament and the member states, at the end of which the Commission will be tasked with evaluating the Parliament's proposal. The decision on this should be expected before the end of this year. In the October 2020 draft, the Commission opposed a bitcoin ban. Bitcoin clause is "fatal" Federal Finance Minister Christian Lindner did not want to comment on the impending bitcoin ban to BTC-ECHO. Frank Schäffler (FDP), member of the Budget Committee of the Bundestag, considers the new proposal of the EU Parliament "fatal". He already called for changes to the MiCA guidelines last year. I assume and also expect that the German government and the lead finance minister Christian Lindner will prevent this. Robert Kopic of the industry association Blockchain for Europe also sees the potential for the clause to "put Europe at a disadvantage." This is a point that would put Europe, along with its green miners, at a disadvantage and would solely lead to them migrating abroad and Europe losing geopolitical access to Bitcoin. The economic disadvantages of a Bitcoin ban are therefore obvious. A fact that the EU Commission will also take into account in its MiCA assessment, says Stefan Berger. What the final decision will ultimately look like is uncertain at this point. all 239 comments sorted by: best [–]EliteExpression 18 points 5 hours ago They can't stop Bitcoin, this is not even close to the end of Bitcoin. It's just getting started. When CEX are forced to delist Bitcoin more people will find their way to DeFi, which means even less control for the government. They are helping us without even realizing it. permalink embed save report give award reply [–]Mallardshead 363 points 9 hours ago2 It's not relevant anymore. A circular economy destroys the last vestige of government control, because that's the vector by which they leverage blockchain forensics. A circular economy renders exchanges useless. This will take time of course, but while we're still a store of value absorbing the world's value and trust, there will be legal tender safe spaces. Some offering citizenship. There will be game theory. Places to buy your yacht in BTC. Places with favorable tax laws. The parallel system we build will eventually be big enough to push back, too open source, and too hard for their weak money to stay relevant. Politicians will fight to keep their power and prestige. But we'll over time demonetize them, including their backup asset gold. When bitcoin is attacked, it hardens. permalink embed save report give award reply [–]Festortheinvestor 92 points 8 hours ago* Wow you don’t fuck about. Thanks for the strong words. BTC has changed the world and it’s still in its early years permalink embed save parent report give award reply [–]teerakzz 3 points 1 hour ago I think this Canada debacle is a perfect example of why people are going to wake up to the freedom Bitcoin empowers everybody in the world with. permalink embed save parent report give award reply [–]nassau_ripredditor for 2 months 36 points 6 hours ago Parallel systems have always existed, especially in totalitarian/genocidal regimes. Still, this isn't going to be an easy path. There will be all out war before they give up control. permalink embed save parent report give award reply [–]turpin23 12 points 5 hours ago There will be all out war regardless. Whether it is wars between nation states or between groups within current states, and which ones, is the question. permalink embed save parent report give award reply [–]NckyDC 37 points 6 hours ago Bitcoin, blockchain protocols, blockchain voting, blockchain accountability and also DAOs will force the governments into being totally GAAS (government as a service) which is what they are supposed to be but they are not. permalink embed save parent report give award reply [–]West-Effective3790 11 points 6 hours ago We as the people can't force a government to do anything, just look at Canada right now; even the right to peaceful protests is being stripped from citizens in an allegedly free democratic state. Private assets are being seized with absolutely no justification. Governments sole priority is staying in power, not the welfare of it's citizens. The current system will need to be destroyed before there can be positive change and great sacrifices will be required by this generation for the sake of future generations, and we all know that peoples inherent selfishness and self interest will not allow that to happen. permalink embed save parent report give award reply [–]armaver 2 points 2 hours ago Oh yes we could! But we are all still too comfortable and well fed. People will get rid of their government only when there is enough pain and suffering. permalink embed save parent report give award reply [+]ReggieBC -7 points 5 hours ago That protest wasn't peaceful, bud. permalink embed save parent report give award reply [–]launcelot02 27 points 5 hours ago You are right. I would never want to be at a protest that has kids playing street hockey and bouncy houses, no vandalism, no deaths. I would feel much safer if I was in America and BLM protest with buildings being burned, a kid shot in the head at a Wendy’s, vandalism of anything in proximity, an estimated 32 murders, an especially 2 billion dollars in insurance claims due to the “peaceful protests.” Yes, America protests are safe, not Canada. permalink embed save parent report give award reply [–]obishawnkenobi -1 points 5 hours ago If they hadn’t had their trucks blocking streets and honking their horns late at night, I would agree with you. But even if nobody got hurt, it was a public nuisance permalink embed save parent report give award reply [–]1_Pump_Dump 18 points 4 hours ago Protests are supposed to be a public nuisance and cause disruption. Anything less is pointless and will be ignored by the status quo and everyone not affected. permalink embed save parent report give award reply [–]TheeConArtist 6 points 4 hours ago THIS, thought that's the point lmao permalink embed save parent report give award reply [–]FastFwdFrankredditor for 3 weeks 6 points 4 hours ago Are you saying trucks blocking streets and honking their horns is violence? permalink embed save parent report give award reply [–]launcelot02 3 points 2 hours ago Who knows what he means, but I will say the Canada protests and BLM were totally different (indicated by my sarcasm). All the truckers left lanes open for first responders and any business needed for the public. What did BLM do? They blocked the roads, surrounded vehicles, and beat the ever loving Hell out of someone just making a wrong turn. Blowing horns? They stopped it days later by the request of police. Let us not forget why the truckers did what they did. Government control of citizens lives. Whether it will stay or not by government intervention is anyone's guess, but as the trucks were, bitcoin is the release valve of government control. permalink embed save parent report give award reply [–]West-Effective3790 9 points 5 hours ago Incorrect, there will ways be outliers and anomalies but the overwhelming majority of those involved were in fact peaceful and trying to exercise their rights, bud. Where you there? permalink embed save parent report give award reply [–]BrofessionalRetard 1 point 4 hours ago So costing the Canadian economy billions of dollars isn't an attack on every working class citizen that now has to foot the bill? Were you there, bud? Rhetorical question because I know you're not Canadian. permalink embed save parent report give award reply [–]munznbunzredditor for 5 weeks 6 points 3 hours ago You then must be very upset about the shutdowns and mandates, as that cost the economy as well, and citizens have to foot the bill. permalink embed save parent report give award reply [–]BrofessionalRetard 0 points 2 hours ago I'm not happy about it, but letting the virus run rampant would have been no better. At least this way we saved a lot of lives. The protesters weren't saving lives... permalink embed save parent report give award reply [–]launcelot02 3 points 2 hours ago Apparently you never read one of the papers released last week from Stanford Medical School, easily in the top in the world in medical. Based on their findings shutting down society to reduce the spread saved .2% from it spreading as it did. Yes, I did not mistype that. Trillions upon trillions of dollars to "stop the spread" not 2% BUT .2%. Hindsight is 20/20, but inflation will be way worse and stretch out for decades killing way more people than the coof every did. permalink embed save parent report give award reply [–]BrofessionalRetard 1 point 2 hours ago That's exactly the way things were going anyway. Decades of inflation, strangling the working man. At least now we can get it over with and push for reform. permalink embed save parent report give award reply [–]beyond-and-above [score hidden] 14 minutes ago Do you have a link to that report? permalink embed save parent report give award reply [–]Graymatter-70 1 point 2 hours ago The mandates were originally to “flatten the curve”. Then the goalpost / nets got moved. permalink embed save parent report give award reply [–]it_diedinhermouth 2 points 2 hours ago The “man dates” are dwindling and have been changing to keep the burden off a healthcare system that is underfunded. This caravan of freedom is more a celebration of anarchy than a protest to something already in decline. Anyone witnessing this nonsense from the outside really has no bearing for understanding what our Canadian society will stand for. permalink embed save parent report give award reply continue this thread [–]oraki23 1 point 4 hours ago Yes, they were peaceful for a time. They made their message and the government did nothing during these time. However, at some point it became more than just a protest, therefore the government had to intervene. It started impacting and destroying the freedom of other. If people want to make a real protest that will last days, they need to do it where it hurts the government and not the citizens, otherwise the gov will have the approval of the majority. permalink embed save parent report give award reply [–]FastFwdFrankredditor for 3 weeks 3 points 4 hours ago It isn't for you to decide when it became more than a protest. permalink embed save parent report give award reply [–]PRMan99 7 points 4 hours ago More peaceful than anything BLM ever did. permalink embed save parent report give award reply [–]kensalmighty -3 points 4 hours ago But, but, but BLM! permalink embed save parent report give award reply [–]LaterChunk 2 points 2 hours ago I'm so tired of people bringing up relevant comparisons! Quit comparing things to other things. permalink embed save parent report give award reply [–]RonPaulWasR1ght 7 points 5 hours ago Yes it was, largely. And further, many people who gave money to it, did so when it was entirely legal to do so. This is a clear government overreach, pure tyranny. permalink embed save parent report give award reply [–]dwork6 -2 points 5 hours ago Not it wasn't, largely. permalink embed save parent report give award reply [–]thecoat9 2 points 2 hours ago So many people have camera phones these days you'd think there'd be some smoking gun, some video of protestors assaulting people etc. The only significant violence I've seen was when police started trampling people with horses. permalink embed save parent report give award reply [–]RonPaulWasR1ght 4 points 5 hours ago Much more peaceful than any BLM protest or other looting spree excuse for a protest by the left wing govt funded groups. And what's more, they were actually protesting for our liberty. For freedom from evil mandates and for our civil liberties and rights. I'm not aware of anything which wasn't peaceful there, other than the cops whose horse trampled an old lady. I'd love to see your evidence. In any case, those protesters were right and I support them. We need our freedoms back. permalink embed save parent report give award reply [–]dwork6 0 points 3 hours ago You're not aware of anything which wasn't peaceful except the incident, albeit true, that was not caused by the team you're rooting for. Lol. How convenient. I can only dream the cops would have treated these protesters like they treat the left wing 'government funded' groups of protesters. Like you're just good with blaring a horn at citizens for 24/7 for 3 weeks? The fuck does that accomplish? permalink embed save parent report give award reply [–]RonPaulWasR1ght 1 point 3 hours ago That is NOTHING compared to the literal looting and ransacking that BLM did over the death of a drug addict. And look what they, the truckers, are fighting for - freedom and liberty to decide what goes in our bodies, for the love of God. I'm confounded by people like yourself who don't believe in liberty and freedom. Remind me, why again did you get into Bitcoin? Seems a bit contradictory. permalink embed save parent report give award reply [–]munznbunzredditor for 5 weeks 1 point 3 hours ago A lot of people are in it for the money, they could care less about freedom. permalink embed save parent report give award reply [–]ElonWithTheGlizzy 0 points 2 hours ago Your kidding right let’s see a link of them being violent permalink embed save parent report give award reply [–]Manan111 [score hidden] 1 minute ago This is a result of buying too much Canadian propaganda of them being angels. If Canadian govt sees it in their benefit, they won't flinch before committing genocides. They won't think twice before bombing airliners if it gets them an extra vote. permalink embed save parent report give award reply [–]LastRecognition4151redditor for 3 months 13 points 6 hours ago This guy read The Sovereign Individual. permalink embed save parent report give award reply [–]Vigilias 3 points 4 hours ago It definitely is relevant. If the country we reside in decides to attack fungibility, and taint any self custodial coins, like is beginning to happening in Canada for example, were gonna have one hell of a choice to make. permalink embed save parent report give award reply [–]Metaphorical_Pizza 6 points 5 hours ago But all the chinese bans have worked so well! /s permalink embed save parent report give award reply [–]WorriedViolinist7648 6 points 5 hours ago This plan might sound nice for some ears in this echo chamber. But will it survive its first contact with political reality? (x) doubt permalink embed save parent report give award reply [–]halt_spell 2 points 4 hours ago This is hardly first contact. You haven't been paying attention. permalink embed save parent report give award reply [–]HitMePat 1 point 2 hours ago Lol permalink embed save parent report give award reply [–]Lurked_Emerging 2 points 5 hours ago Hodlers outside parallel regions using bitcoin as a store of value will also increase the value in the network, energising and feeding the pressure parallel regions will exert around them accelerating the process to sweep the world off its fiat. Really highlights why imf etc. are scared of El Salvador. permalink embed save parent report give award reply [–]1dmkelley 7 points 6 hours ago This guy fucks permalink embed save parent report give award reply [–]BrofessionalRetard 2 points 4 hours ago So I have a question. Who runs the show when this happens? How do we enforce taxes so our infrastructure doesn't fall apart? What's to stop actual dictators from rising? This sub loves to chirp about removing politicians from power but nobody ever talks about what that actually looks like. It looks like anarchy. permalink embed save parent report give award reply [–]gvictor808 -1 points 4 hours ago Societal rules and Money will become decoupled with Bitcoin, but that doesn’t mean we no longer have rules, taxes, police, infrastructure. Think of email replacing letters…we still need the postal system, just not for written communications.. permalink embed save parent report give award reply [–]BrofessionalRetard 3 points 3 hours ago That's a complete non-answer. Who enforces the rules if nobody bothers to pay taxes? Cops, judges, lawyers, etc do not work for free. permalink embed save parent report give award reply [–]gvictor808 2 points 3 hours ago Why would we not pay taxes when Bitcoin replaces fiat. What are the only sure things? Death and Taxes. What is your logic here? Do you think El Salvador citizens are thinking they can now avoid taxes? Of course not. permalink embed save parent report give award reply [–]MightyWhitey2020 3 points 2 hours ago If you love to pay taxes so much then you can pay mine for me, G. permalink embed save parent report give award reply [–]BrofessionalRetard 2 points 2 hours ago Lmao, right? permalink embed save parent report give award reply [–]BrofessionalRetard 2 points 2 hours ago I wouldn't pay them if the government couldn't force me. I'm tired of paying for shit that I don't support. So are lots of people. permalink embed save parent report give award reply [–]gvictor808 0 points 2 hours ago Penalty would be the same. Garnish wages, lien on property, bench warrants, fines permalink embed save parent report give award reply [–]BrofessionalRetard 3 points 2 hours ago Garnish wages lol. How? I'm a fucking contractor. Liens? I own nothing lol, that's precisely why I won't pay taxes. Fines? Don't care. Warrants? Don't care. I know how to avoid the pigs. permalink embed save parent report give award reply [–]Floooge 1 point 6 hours ago In your last statement, who is the « we » demonetizing politicians? Other ones like the Salvador president? Or BTC’s coders? Or? permalink embed save parent report give award reply [–]universoman 3 points 4 hours ago BTC holders obviosly, which includes everyone you mentioned and another 100M people today. At some point it will be billions of people that own a share of the network, and eventually the vast majority of the world. That's who is the "we" is, everyone that believes that governments should not be trusted with monetary policy. The amount of people that join the club will only grow in time, slowly but surely, until we reach worldwide consensus. It's unstoppable, like the internet permalink embed save parent report give award reply [–]roy28282 1 point 5 hours ago Beautiful writing. permalink embed save parent report give award reply [–]PropWashPA28 1 point 5 hours ago Right on. As Paul Vigna put it, Bitcoin is a Rat King in the sewer. The more viruses and pathogens attack it, the stronger their collective immune systems get. Don't look up a picture of a Rat King. It's not the Ninja Turtles villain. permalink embed save parent report give award reply [–]Tinknocker12 [score hidden] 22 minutes ago Shitoshi is that you? permalink embed save parent report give award reply [–]Haquestions4 40 points 8 hours ago I know this is auto translated, but where does it say European union? Some german politicians want this. permalink embed save report give award reply [–]Gz53bz3ekpqZ 23 points 7 hours ago First line "The European Parliament wants to...". It's mostly German politicians pushing this proposal to be accepted for EU regulations. permalink embed save parent report give award reply [–]OB1182 17 points 5 hours ago Error in translation, the named German parties want the EU to ban Bitcoin. Not the other way around. permalink embed save parent report give award reply [–]zenethics 1 point 4 hours ago How do you know? Its repeated several times in the article, it doesn't seem like a one-off mistranslation. However it also says "likely to go through" in one part and "will be prevented" in another about this proposed addition. Hard to sort it out without being a native German speaker... permalink embed save parent report give award reply [–]OB1182 5 points 3 hours ago Because i read the German and Dutch articles. permalink embed save parent report give award reply [–]zenethics 1 point 3 hours ago Thanks for the response. May I trouble you for a link to those? permalink embed save parent report give award reply [–]armaver 1 point 2 hours ago The link to the german article is in the OP. permalink embed save parent report give award reply [–]silverslides 3 points 6 hours ago Why are the Germans so keen on this? permalink embed save parent report give award reply [–]Gz53bz3ekpqZ 13 points 6 hours ago Green ideology. They see two rivaling technologies in crypto: PoW and PoS. To them, climate change is the biggest political concern, so they aren't okay with PoW's energy requirements. Energy policy is a huge deal in Europe. permalink embed save parent report give award reply [–]freeradicalx 13 points 5 hours ago Meanwhile these "green" Germans are buying coal power from Poland... permalink embed save parent report give award reply [–]misterbobdobalina09 23 points 5 hours ago Yes this is why they turned off coal and nuclear plants, so they could use... green... sorry no, Russian fossil gas to heat their homes and power their industries. This is what you get when you vote green. All ideas and believes, and Russian influence by Putin. Face-palm. permalink embed save parent report give award reply [–]Gz53bz3ekpqZ 10 points 5 hours ago The green movement, especially the anti-nuclear movement, is firmly established in Germany since Chernobyl (1986). The decision to exit nuclear energy happened right after Fukushima (2011) and should be completed this year. The exit from coal energy is supposed to happen until 2038, although discussions are ongoing to move it to 2030. I'm not saying there isn't any Russian propaganda at work, but its influence is probably minuscule. The strong anti-nuclear sentiment in Germany is much older than Putin's reign or gas deals between Russia and Germany. permalink embed save parent report give award reply [–]misterbobdobalina09 10 points 5 hours ago All I am saying is they turned those plants off with no exit plan. Now they made themselves dependent on Putin while he receives millions of euro delivering gas to them. Gotta think first. permalink embed save parent report give award reply [–]Gz53bz3ekpqZ 8 points 5 hours ago Yea, I agree. It was an ideological decision, not a rational one. permalink embed save parent report give award reply [–]PRMan99 4 points 4 hours ago Gotta think first. Never seen a liberal policymaker do that. permalink embed save parent report give award reply [–]Markenbier 1 point 1 hour ago Sadly the German didn't vote truly green. They (in part) voted for the greens which in my opinion only differ slightly from the common parties CDU and SPD in terms of climate politics. Sure their ideas are a little bit more green than the ones from the other parties but nowhere near as radical as they where when the greens where new to the parliament. The sad reality is that neither of the European countries don't do nearly enough as would be required to stay within the climate goal. permalink embed save parent report give award reply [–]TenshiS 3 points 5 hours ago They could just ban fossil fuels and dirty mining instead. That would solve more issues. permalink embed save parent report give award reply [–]silverslides 2 points 6 hours ago Makes some sense but the security of PoS is just not as proven as PoW. I can understand some smaller protects moving to PoW but btc relies on its stability. Slow adoption of new technologies is not an issue such btc but rather a feature. It soul's give long term investors more trust that their investment will not easily be hacked. permalink embed save parent report give award reply [–]breckenk[🍰] 1 point 4 hours ago PoS is just another attempt at having a free lunch by keeping the system looking functional until the entire thing can no longer stand up, because nothing in the world exists without energy. permalink embed save parent report give award reply [–][deleted] 6 hours ago* [deleted] [–]misterbobdobalina09 0 points 5 hours ago It's the Russian powerhouse you mean? With Nordstream 1 and 2. permalink embed save report give award reply [–]jhkfojrifydgnfxygprjredditor for 7 weeks 0 points 5 hours ago So the same german politicians who suck Putin for his gas and kneeled eventually before USA and the rest of EU. permalink embed save parent report give award reply [–]lia_ness 3 points 6 hours ago It’s a proposal for the European Parliament and it is expected („very probably“) to be approved on Monday. The article also says that the final decision is to be made by the European Commission which is described as more Bitcoin friendly permalink embed save parent report give award reply [–]gumbelslaintredditor for 3 months[S] 1 point 6 hours ago Second sentence permalink embed save parent report give award reply [–]Markenbier 1 point 2 hours ago Yeah it's pretty sad. Always our stupid corrupt politicians messing things up in the eu :/ permalink embed save parent report give award reply [–]hurray_for_boobies 31 points 6 hours ago MiCA background: https://www.sygna.io/blog/what-is-mica-markets-in-crypto-assets-eu-regulatio... Good news is that it's scheduled for 2024-2025 so still a ways off. Also, I find it hard to imagine that these "crypto asset regulations" would ignore or ban the biggest, most important, first, most decentralized "crypto asset" which is Bitcoin. Hopefully someone explains to these "Green" parties how Bitcoin mining is, on balance, good for the environment and great for incentivizing renewable energy... permalink embed save report give award reply [–]PRMan99 16 points 4 hours ago Greenest project in human history. But why let facts get in the way of a good new-fashioned witch hunt? permalink embed save parent report give award reply [–]ResponsibleOwl2263 19 points 6 hours ago 2 and half years doesn’t seem that far away to me! Yeah isn’t it bonkers that the so called green and socialist parties favour central bankers, money printing and proof of stake cryptos only 🤡 permalink embed save parent report give award reply [–]alixanc 9 points 5 hours ago Either they don't understand it or assume their voters don't understand it, that's why we need to educate. permalink embed save parent report give award reply [–]Selling_illegal_pepe 4 points 4 hours ago How is mining good for the environment? Compared to normal transactions? Im just curious why that is, not arguing for or against permalink embed save parent report give award reply [–]Thanatos_1 12 points 3 hours ago* Imitate benefits, 1st degree: Bitcoin mining is a buyer of last resort for stranded energy. Much of that energy is natural gas in remote locations, that is produced as a byproduct in oil wells. Companies release it directly or flare it, which is highly inefficient. As much as 90% can go unburned into the atmosphere. Bitcoin mining entrepreneurs go to those wells, buy the gas on site and combust it in a generator. Very clean burning process. Gets almost all of the methane. 2nd degree: Often so called renewables or other so called green energy sources have the problem of unpredictable energy output. For example: strong winds when nobody needs the energy. This can go as far as the energy having a negative price. In comes Bitcoin: it always buys the excess energy. Also, bitcoin mining can smooth out peaks and troughs. By having a constant base-demand, energy providers can more efficiently produce and deliver energy. In short periods of high demand, in natural catastrophes like heat waves or cold weather, the miners can be turned off, releasing the base-demand for other uses. When a new wind/solar park or whatever is built, high costs occur, because the park can't be connected to the grid yet. In these periods, which can last months, the company building the park is making losses. By always being able to sell to the bitcoin network, building these parks is more attractive for investors. 3rd degree: The fiat money system, by enabling fractional reserve banking, kicks off something called "The Boom-Bust-Cycle". So called mainstream economists will tell you, that this is natural and just how things are, but that's false. Austrian economists are able to explain what happens and it is not natural and inherent in an economy, to periodically go into booms and busts. Read about "Austrian Business Cycle Theory" or watch this short video for an overview explanation: https://www.youtube.com/watch?v=9a-eUKjnDfM Inflation also being a hidden taxation, enables the state to spend much more, than the will of the people actually allows for. The cost of for example wars and many other wasteful government projects can be hidden. Hardly anything is as damaging to nature than this. Another 3rd degree effect is, that in an inflationary system, the focus of the people is more present, consumption focused. Think buying tons of plastic crap that's fun for a while and then gets dumped in a landfill, instead of saving for the future and then buying quality products that last years, sometimes generations and get repaired when they break. Edit: another 3rd degree effect is, that in an inflationary monetary system, people scramble all over the place to find places to store their wealth. Often by buying houses and apartments. These houses are either bought away from actual would-be-homeowners, or are wasteful excess production. If the economy is at the end of a boom-bust-cycle, many billions worth of real-estate development turns out to be unwanted after all, leaving immeasurable amounts of half-built houses unfinished. A loss for everybody who actually wanted a house, or the resources that went into building these useless houses. Of course, these projects are extremely harmful to the environment. permalink embed save parent report give award reply [–]Zen_Farmsredditor for 2 months 2 points 3 hours ago Trustless accountability. When you can understand this, you will understand it all. permalink embed save parent report give award reply [–]CheesesCrust_ 1 point 4 hours ago Oh, thats a relief, means i can break even from my mining investment lol. I was worried. permalink embed save parent report give award reply [–]BalanceAdept8939 102 points 10 hours ago It’s funny to me people even care what governments say or do when it comes to crypto . This is a revolution with one of the end goals being financial freedom from a central bank . Obviously the governments won’t like it as they are all controlled by the central bank. Haha Don’t start something you’re not prepared to finish if governments banning or slandering crypto is too much for you then go back to their currencies. Very simple permalink embed save report give award reply [–]West-Effective3790 42 points 7 hours ago This all changes if governments impose harsh punishments for ignoring their propsed rules. How about they create taskforces to arrest and imprison people who ignore the rules? I am all in on BTC/Crypto in general, but the lengths a government will go to to ensure it retains power could be limitless. No government will just roll over and accept loss of control, look at the last 2 years in general. Democracy and freedom of choice in general are not a given anymore. permalink embed save parent report give award reply [–]Simple_Yam 6 points 6 hours ago Ser we're on reddit, everyone here is a Guy Fawkes keyboard warrior ready to dethrone their government. permalink embed save parent report give award reply [–]eve_of_distraction 1 point 5 hours ago Sir this is a Wendy's. permalink embed save parent report give award reply [–]0x1a3c3e7redditor for 3 months [score hidden] 22 minutes ago You know why Wendy's hamburgers are so good? Because they don't cut corners. permalink embed save parent report give award reply [–]outofobscure 20 points 7 hours ago Democracy and freedom of choice in general are not a given anymore. what your write has truth, but if this is not a given anymore, then the government has no legitimacy anymore either... permalink embed save parent report give award reply [–]SnooChocolates7170 5 points 5 hours ago government has no legitimacy anymore either I NEVER legitimated any government to forcefully take money from me in exchange for services that I didn't ask and to follow laws that I don't agree permalink embed save parent report give award reply [–]West-Effective3790 15 points 7 hours ago But the government has a police force and a military to do its bidding...i think we are at a critical stage in history and economics is a controlling factor in stability. If the current system is threatened there are many people in power willing to go to great lengths to ensure the status quo remains. Of course i want change, but it is far more complicated than a lot of pro crypto enthusiasts realise imo permalink embed save parent report give award reply [–]outofobscure 10 points 7 hours ago i agree, it's far bigger than crypto / btc. but i will hodl just in spite anyway. permalink embed save parent report give award reply [–]Percyheckendorf 6 points 7 hours ago Can’t have a military or police if you can’t control the treasure permalink embed save parent report give award reply [–]West-Effective3790 4 points 6 hours ago I beg to differ. The vast majority of people are looking for leadership and most don't question the status quo; as long as they have somewhere to live, food and the illusion of security then they will blindly follow what they are told by the government and their propaganda machine aka the main stream media. The alternative to accepting the current system entails hardship and loss, which the majority will never accept- easier to be subjugated and comfortable than rebel and risk losing it all. permalink embed save parent report give award reply [–]Percyheckendorf 5 points 6 hours ago People follow their wallets. permalink embed save parent report give award reply [–]outofobscure 1 point 5 hours ago Yes, these are the really dangerous people, the complacent permalink embed save parent report give award reply [–]perfect5-7-with-riceredditor for 7 weeks 3 points 4 hours ago Many people have lost faith in institutions already. Doesn't really matter when they're in power and you risk jail time for not following their rules permalink embed save parent report give award reply [–]outofobscure 2 points 4 hours ago Yeah it‘s not easy, but they can‘t throw us all into jail either, who would be the wards hehe permalink embed save parent report give award reply [–]cryptoeconfreedomredditor for 3 days 6 points 7 hours ago And what exactly can you do against an army of clowns that refuse to accept that they are not legit anymore? permalink embed save parent report give award reply [–]outofobscure 6 points 7 hours ago i don't know yet, it's a question that needs answers, urgently... one thing is education i guess, the emissions are not as bad as some people think permalink embed save parent report give award reply [–]cryptoeconfreedomredditor for 3 days 8 points 7 hours ago It's not about the emission obviously. It's about power and control 🛂 permalink embed save parent report give award reply [–]outofobscure 3 points 7 hours ago yeah you are right, but you need to delegitimize the politicians claims in order for the voters to vote them out (i know, even that seems hopeless). permalink embed save parent report give award reply [–]HydraGene 4 points 5 hours ago Don't be such a doomer. Your rights can not be taken away unless you let the government take them away. So let's pick up our weapons. Let's build a defense, a safe haven, for our community. permalink embed save parent report give award reply [–]Seeders 3 points 6 hours ago This all changes if governments impose harsh punishments for ignoring their propsed rules. Governments aren't really the ones in charge, remember that. permalink embed save parent report give award reply [–]hyperinflationUSA 3 points 5 hours ago Name one thing the government has been sucessful at banning? permalink embed save parent report give award reply [–]0x1a3c3e7redditor for 3 months [score hidden] 19 minutes ago Excellent point! Prohibition always backfires but it's proponents use the consequences of it to justify it. permalink embed save parent report give award reply [–]hyperinflationUSA 3 points 5 hours ago This all changes if governments impose harsh punishments for ignoring their propsed rules. How about they create taskforces to arrest and imprison people who ignore the rules? that didn't work for the war on drugs, why would it work for bitcoin? permalink embed save parent report give award reply [–]freeradicalx 1 point 5 hours ago It doesn't sound like you understand how nation state governments derive their power. permalink embed save parent report give award reply [–]0x1a3c3e7redditor for 3 months [score hidden] 16 minutes ago All power comes from those who support it- soldiers, police, agents and taxpayers (businesses and consumers). permalink embed save parent report give award reply [–]Soft-Spring9843redditor for 2 weeks 9 points 7 hours ago Because those are the ones they can’t control or shut down lol permalink embed save report give award reply [–]AndyZuggle 115 points 10 hours ago Congrats to the UK on Brexit. permalink embed save report give award reply [–]gumbelslaintredditor for 3 months[S] 26 points 10 hours ago Haha yes.. permalink embed save parent report give award reply [–]ResponsibleOwl2263 2 points 4 hours ago Uk could well try to ban bitcoin as well. They are already cracking down on bitcoin exchanges and most of the British banks block payments to big exchanges like Binance. There will never be any bitcoin mining in uk due electricity costs permalink embed save parent report give award reply [–]AndyZuggle 2 points 4 hours ago The more countries we have, the less each one can get away with. Plus it will be harder because the UK is a smaller country, and thus more responsive to the populace. The EU is huge and its citizens don't have any say in its actions. permalink embed save parent report give award reply [–]ResponsibleOwl2263 1 point 3 hours ago On other hand the House of Lords is the second biggest unelected legislature in the world so not sure it’s fair to suggest it’s more democratic… … but anyway one thing both UK and EU have protected in law ( apparently ) is the right of individuals to own property. Will therefore be interesting to see how any proposed ban would be compatible with such a right. Hopefully it won’t. If it does I’ll probably move to mainland China where even hodling bitcoin is not a crime permalink embed save parent report give award reply [–]pugesh[🍰] 1 point 4 hours ago it's actually crazy how people will continue to shit on the UK for their perfectly rational decision only for the EU to do this kind of shit permalink embed save parent report give award reply [–]mapryan [score hidden] 25 minutes ago You clearly know F-A about Brexit permalink embed save parent report give award reply [–]Massive_Fish_2872 34 points 10 hours ago so they want to do what? forbidding a completely decentralized asset? Aha okay. They should focus on not letting in Putin and his bombs instead of trying to forbid something that can not be forbidden (as we know thanks to china) permalink embed save report give award reply [–]bighanq 17 points 9 hours ago They could ban BTC/PoW cryptos from CEX’s in the EU. Other than that not a lot they can do. permalink embed save parent report give award reply [–]West-Effective3790 10 points 6 hours ago They could impose mandatory 10 year prison sentences for having ownership of crypto...and persuade the majority of society that it is for their own good. Narratives are easily created when most of the population is ignorant of how the current economic system enslaves them and empowers the elite. BTC is an idea and a beacon of hope, but there is a long road ahead before there are any real changes in the current systems of ruling. As another contributer said; this runs far deeper than we can currently concieve. permalink embed save parent report give award reply [–]SnooChocolates7170 6 points 5 hours ago ...and most people blindly truly believe on any narrative that comes from the government. It is the same with nuclear energy, that always have been known to be the cleanest one, but the government managed somehow to convince a significant portion of the population that the green and low CO2 solution is to use natural gas instead. 😔 permalink embed save parent report give award reply [–]x420smokeweedlord69x 2 points 4 hours ago Well nuclear sounds very scary, and natural gas is natural! That's all it takes to convince most people. Most people are fucking stupid. permalink embed save parent report give award reply [–]Massive_Fish_2872 1 point 7 hours ago exactly and this is the longer the less a problem;) permalink embed save parent report give award reply [–]LuisNaldo7 5 points 7 hours ago Not the asset itself. Services around pow based chains. permalink embed save parent report give award reply [–]West-Effective3790 0 points 6 hours ago The reality is it absolutely can be forbidden, draconian measures are the new norm in Western society, has the kast two years shown you nothing? Our freedom is an illusion created to pacify people. Revolutions are a thing of the past, the current system is so deeply embedded in our societies that it is nigh on impossible to force change. permalink embed save parent report give award reply [–]Massive_Fish_2872 10 points 6 hours ago* i am sick ofvthese comments. people like you bring up unconfirmed problems that take away all hope and NEVER do i see a real solution proposal from these people. Never! Invading the gov? for what? to replace it with dangerous radical people? Go away. we had that already it was called a world war! we dont need that again Bitcoin is permissionless! not even in china it is really gone. people still use it obviously. a permissionless thing can not be banned. just as like drugs, criminals, corruption and all that can not be stopped by „forbidding it“. no, crypto is not bad. the people using it for bad things are bad. weapons are not bad. the trigger is pressed by a human which is usually forced to do so by a crazy guy sitting on top of a country. permalink embed save parent report give award reply [–]West-Effective3790 0 points 5 hours ago You have misconstrued my comment. I want change and i have hope. I am just so disillusioned by the current state of affairs. I am sorry that you are sick of "people like me". Yes drugs and contraband cannot be stopped, but the punishments for being caught with it can ruin lives and that threat is why the vast majority of people don't use recreational drugs and are not criminals. permalink embed save parent report give award reply [+]4ussie -5 points 7 hours ago Tell the Americans to get out of Europe and there will be peace. permalink embed save parent report give award reply [–]chichiokurikuri 1 point 6 hours ago 🤡 permalink embed save parent report give award reply [–]Massive_Fish_2872 0 points 7 hours ago they dont listen permalink embed save parent report give award reply [–]BombaAnarchica00redditor for 6 weeks 14 points 6 hours ago I’m from there. What enrages me is that no one has ever cast a vote for these clowns. The EU is run by self-important, overpaid bureaucrats. They are not elected and they can’t be removed. We should stop calling Europe a democracy because it isn’t. permalink embed save report give award reply [–]xzaramurd 2 points 4 hours ago How do you mean? The European Parliament is elected by the people. We cast a ballot for this every 5 years. permalink embed save parent report give award reply [–]BombaAnarchica00redditor for 6 weeks 1 point 3 hours ago In fact it has no real power. The power resides with the European Commission. They are unelected and they can’t be removed. permalink embed save parent report give award reply [–]ImCrius 6 points 6 hours ago Ok, so I don't think that banning mining in Europe makes any difference to me. They'll pop up wherever, and BTC will continue to be mined. So then I wonder if they could kill the exchanges, so that I can't connect my Euros* to BTC, but no, there's no risk of that. They are only talking about POW products, so even if they made this rule, and made it flat illegal for me to buy or sell BTC using Euros / at European Banks, I could still exchange BTC with other coins that aren't POW and then interact with the fiat economy via these. I'm American, but imaging the case for a European. permalink embed save report give award reply [–]lia_ness 1 point 6 hours ago Hm they are talking about services related to POW cryptos so technically they could forbid swapping via exchanges I would assume permalink embed save parent report give award reply [–]misterbobdobalina09 3 points 5 hours ago You can't forbid that. It is not possible with DEXs and all. permalink embed save parent report give award reply [–]Flaky-Illustrator-52 1 point 4 hours ago Or simple p2p exchange permalink embed save parent report give award reply [–]2Thick4U69redditor for 6 days 11 points 8 hours ago They forbid plenty of things that people still do. permalink embed save report give award reply [–]cryptoETH_jazz 3 points 8 hours ago No one cares… we don’t have to… 🤙🏼 permalink embed save report give award reply [–]thebvkley 5 points 7 hours ago Haha I guess we will see permalink embed save report give award reply [–]ericla1014 4 points 5 hours ago* The EU makes so many dumb decisions that end up shooting themselves in the foot. One example of the incompetence is their current dependency on Russian energy. Also it looks like they didn’t learn anything from falling behind on the early development of the internet. permalink embed save report give award reply [–]maroule 9 points 6 hours ago* These guys are like Putin, living in 20th century. You can always send them a polite email and explain them why mining is not bad, specially compared to other industries... Sven Giegold buero-st-gie@bmwi.bund.de Joachim SCHUSTE joachim.schuster@europarl.europa.eu Stefan BERGER stefan.berger@europarl.europa.eu permalink embed save report give award reply [–]maroule 12 points 5 hours ago Here is the email I sent: Hello, I'm a French citizen. I'm not much into politics, but I read an article where you had a bad opinion about Bitcoin. While Bitcoin indeed uses electricity, it's a revolutionary network on so many aspects that it would take me hours to explain them all. First some numbers about Annual GHG Emission: Military-industrial Complex : 2500 Million Tonnes of Co2e Finance & Insurance Sector : 1368 Million Tonnes of Co2e Bitcoin : 44.1 Million Tonnes of Co2e Bitcoin is slowly but surely adopting the lightning network, which promises an even more energy-efficient network: https://bitcoinist.com/btc-the-lightning-network-s-energy-consumption-vs-the... Blockchain is a booming industry, and Europe would miss it by taking an hasty approach. For instance semiconductor industry (I read somewhere Europe want this industry back) with Intel US manufacturer, who just launched a new more power efficient chip: https://www.tomshardware.com/news/intel-details-its-bitcoin-mining-bonanza-m... Do we want industry in Europe or not ? These chips will become more and more energy-efficient, but we need Europe on this... Mining also promote new techniques for energy saving that could be applied to other industries, like immersion cooling: https://twitter.com/BrianRoemmele/status/1453761177201242116 or to use otherwise wasted energy: https://www.oilandgaslawyerblog.com/mining-bitcoin-a-solution-to-gas-flaring... Bitcoin could also help in the energy transition: https://kingsbusinessreview.co.uk/bitcoin-solution-for-energy-transition If a restrictive law would pass, it would surely make Europe fall behind this revolution and companies, citizens like me reconsider their idea about Europe. Thanks for reading me. permalink embed save parent report give award reply [–]maroule 3 points 5 hours ago just don't copy paste mine, but that's the general idea permalink embed save parent report give award reply [–]maroule 6 points 4 hours ago This study is also good: NYDIG estimates that Bitcoin mining will not represent more than 0.4% of global electricity consumption over the next decade https://nydig.com/research/report-bitcoin-net-zero permalink embed save parent report give award reply [–]zndtoshi 16 points 8 hours ago Nobody is mining in EU anyway. permalink embed save report give award reply [–]lia_ness 3 points 6 hours ago It’s about general services relating POW cryptos not only mining - at least that’s what the article says permalink embed save parent report give award reply [–]ResponsibleOwl2263 3 points 6 hours ago true though some non EU countries will also have to apply the ban eg Switzerland, Norway and Iceland who are EEA members or associated EU members . These countries are obliged to apply EU law 100% all time without exception. I think mining is big in Iceland and Swiss are trying to get into bitcoin fintech market permalink embed save parent report give award reply [–]Asum_chum 3 points 8 hours ago I’m excited at the worst case scenario as I will affordably be able to mine and stack a lot more sats and still have a free and decentralised money. permalink embed save report give award reply [–]evertrollz 0 points 6 hours ago So you're paying mortgage with btc right now? Otherwise you don't have money. permalink embed save parent report give award reply [–]yo_otravez 3 points 5 hours ago Who is btc echo? When you google bitcoin ban europe you find articles on sketchy sites from a month ago. Also they can't keep us from bitcoin and other crypto. They have no power over it and we have VPN permalink embed save report give award reply [–]walloon5 3 points 3 hours ago The Euro is starting to look like some kind of scam coin. permalink embed save report give award reply [–]dedsowl 11 points 9 hours ago Too bad I lost my seed in a boating accident permalink embed save report give award reply [–]HenryHenderson 2 points 7 hours ago Sounds painful. permalink embed save parent report give award reply [–]Abwfc 3 points 8 hours ago Same! permalink embed save parent report give award reply [–]Letsmakeitawsome 6 points 7 hours ago Good luck with shutting down every single PC on the planet Earth. Bitcoin is inevitable. permalink embed save report give award reply [–]Kind-Impression-9198 7 points 6 hours ago The whole point of crypto is “we don’t give a fuck what the government says”. So say what you want, we don’t care. permalink embed save report give award reply [–]aliensmadeus 6 points 6 hours ago i'm to tired to care about more fud permalink embed save report give award reply [–]Effective_Albatros 2 points 1 hour ago Is it just me or does it feel like the FUD is consistently coordinated at critical market moments; as if it's some form of attempt to shake out paper hands so that crypto whales and now institutional investors can feed on the weak.?. permalink embed save parent report give award reply [–]aliensmadeus 1 point 1 hour ago absolutely everytime the same thing. cant wait for [insert random greedy institution] to officially got into crypto in a few weeks permalink embed save parent report give award reply [–]Free_Peoples 19 points 8 hours ago And the EU takes yet another step towards irrelevance. Amazing. permalink embed save report give award reply [–]cyberspace2001 7 points 7 hours ago No they don’t. It is just to scare everyone so the value drops 🤷♂️ permalink embed save report give award reply [–]carnyx123 7 points 6 hours ago Fuck the European community and the global élite. permalink embed save report give award reply [–]Nada_Lives 4 points 10 hours ago Who woulda thunk? permalink embed save report give award reply [–]unsettledroell 3 points 9 hours ago Oof permalink embed save report give award reply [–]Pixelate1991 2 points 6 hours ago OP posted so much in Freekarma for you haha. CHeck his history permalink embed save report give award reply [–]Flaky-Illustrator-52 2 points 4 hours ago Crypto-oriented businesses in EU: *moves to nearest crypto-friendly or less crypto-hostile non-EU country* permalink embed save report give award reply [–]FallingKnife_ 2 points 3 hours ago Won't happen folks. Cool your jets. permalink embed save report give award reply [–]ioube [score hidden] 7 minutes ago Yes, this is pure FUD. EU has not agreed on anything, it's a bunch of super left wing politicians who want to submit a proposal. Nothing has been acted. Complete baseless article with a clock bait title, and everyone jumps on it. permalink embed save parent report give award reply [–]benevs01 2 points 3 hours ago Ha, who'd have thought Brexit would have benefits. permalink embed save report give award reply [–]Tinknocker12 [score hidden] 25 minutes ago It’s getting real ladies and gentlemen. permalink embed save report give award reply [–]FulcrumPhase 5 points 8 hours ago Gov is being exposed in Canada the cops weren't listening to anybody that's why they had to bring in war measures to not get exposed and now we are going to be taught a lesson. permalink embed save report give award reply [–]Guswanicarbohydrateredditor for 4 days 4 points 10 hours ago LOL at stupid "government". permalink embed save report give award reply [–]AuroraVandomme 3 points 6 hours ago It was inevitable. Climate fight and illegal activities fight and bam bitcoin is banned. Easy peasy. permalink embed save report give award reply [–]ResponsibleOwl2263 1 point 7 hours ago If EU does go ahead and ban bitcoin mining (as I suspect they will), does anyone know if that would apply to Iceland? I understand that although Iceland (only European country that mines asfaik) is not an EU member it is an EEA member and as such as to comply with EU law. Right? permalink embed save report give award reply [–]lia_ness 2 points 6 hours ago No idea.. but just fyi: it’s not only about mining but also about services relating POW cryptos permalink embed save parent report give award reply [–]ResponsibleOwl2263 2 points 6 hours ago That is scary. I mean it sounds even worse that the China ban - very limited mining is allowed in China still and even buying and holding bitcoin there is not a crime. Of course the EU could never enforce a ban on people buying bitcoin with use of VPNs and decentralised exchanges but still what a terrible advert for the EU esp in terms of protecting peoples right to own property. Surely Switzerland also won’t be forced to ban buying/ trading bitcoin ??? Madness permalink embed save parent report give award reply [–]lia_ness 3 points 6 hours ago Yeah found it scary, too.. my second reaction is: let’s wait and see. It’s just an article that wants to be read - and it still also mentions the more Bitcoin friendly EU Commission. Still probably good to keep an eye on it permalink embed save parent report give award reply [–]BHN1618 1 point 5 hours ago Fiat is secured by military might an offensive strategy that costs a lot of energy in vehicles, buildings, humans, fuel etc. If you mess with our currency we will use energy + the threat of lethal force to stop you. BTC is secured using a defensive strategy which uses just energy. It's both more efficient and creates a disincentive for military force and possible bloodshed. When this narrative becomes clear and takes off it will become obvious which is more efficient. permalink embed save report give award reply [–]daRaam 1 point 7 hours ago Good look with that. permalink embed save report give award reply [–]BeefSupreme2 1 point 7 hours ago They will only be able to apply pressure to exchanges and large mining operations. This would be good for decentralization, and futile. permalink embed save report give award reply [–]R0Y-BATTY 1 point 7 hours ago This is the equivalent of government's telling the tide not to rise. It's also laughable - BTC and crypto probably makes up a decent % of most country's investment portfolio's even if they are unaware of it. permalink embed save report give award reply [–]P13453D0nt84nM3 1 point 6 hours ago Finally something good about being a Brit that is dealing with Brexit. permalink embed save report give award reply [–]Jaseur 1 point 5 hours ago I'd love to think we're smart enough to go the opposite route on this but who knows. permalink embed save parent report give award reply [–]DOG-ZILLA 1 point 6 hours ago Why don't they target dirty miners instead of BTC in general? If the environment is really what they care about then we should be putting in effort to have greener energy? We should be building, wind, solar and nuclear plants. The recent Ukraine crisis in relation to natural gas is already enough to tell you that the EU has done very little to remove themselves from fossil fuels. permalink embed save report give award reply [–]Stuunfete 1 point 6 hours ago Ahah funny man permalink embed save report give award reply [–]angrydanmarin 1 point 6 hours ago How do I get my bitcoin off the exchange and into a wallet for free? permalink embed save report give award reply [–]GirouxUNGH 1 point 6 hours ago Won’t they just lose more crypto gain tax money the more they ban/sanction as people will move towards defi? permalink embed save report give award reply [–]ResponsibleOwl2263 1 point 6 hours ago Question: as ridiculous as this proposal sounds could EU in theory decide to blacklist bitcoin wallet addresses and also forbid companies in Europe transacting with them? Something like Canada is trying to do permalink embed save report give award reply [–]walloon5 1 point 5 hours ago Well we still need to fight the good fight. Hopefully bitcoin helps renewable plants find quicker ROI, helps the power industries balance load and have a profitable easy customer, and becomes too profitable overall for them to fight it. In the meantime, we should hope to stall stall stall them. permalink embed save report give award reply [–]Apprehensive-Log-849redditor for a day 1 point 5 hours ago I would have grown tired of countries trying to ban bitcoin already if it weren't for the fact it still seems to make it cheaper for me to buy. I do feel bad for the people stuck in the EU but they're smart enough and should soon figure out that people are supposed to control governments, not the other way around. permalink embed save report give award reply [–]NegotiationNice9291 1 point 4 hours ago I still can use tether or dai, right? permalink embed save report give award reply [–]castironmop 1 point 4 hours ago In recent news the king of fartland is banning rain from pouring over fartland permalink embed save report give award reply [–]Michichael 1 point 4 hours ago It's adorable that these governments think that Bitcoin cares about their laws. permalink embed save report give award reply [–]Post-void-dribbler[🍰] 1 point 4 hours ago They need to ban it for rolling in CBDC permalink embed save report give award reply [–]Libertos 1 point 4 hours ago Money and crypto will go where they are treated best. Glad I can have Bitcoin stored in my head (by seed phrase) and travel unimpeded. Good luck banning crypto bitches… permalink embed save report give award reply [–]sayskoombah 1 point 4 hours ago Nothing from nothing leave nothing. At least wait for a human-translated document. permalink embed save report give award reply [–]kwaker88 1 point 2 hours ago Does the plan include gold silver and copper? Should it? permalink embed save report give award reply [–]thecoat9 1 point 2 hours ago Government banning bitcoin is like trying to contain water by tightening your fist around it. permalink embed save report give award reply [–]Markenbier 1 point 2 hours ago I am a fan of the eu and defend it whenever I can. But to be honest, this is just outright dishonest. Who do they think believes this obvious lie. It's not about the environment. I'm also heavily for climate regulations, but this is exactly the point. Those regulations don't happen. The places where a regulation could bring significant progress where left untouched for decades now. We have a huge problem with corrupt politicians not caring about the climate. Infact, climate regulations are actively slowed down. I simply don't believe those people, who don't act in the interests of our future and have proven many many times that they'll take money before anything else, that this time it's for the climate. There is a tendency to shift digital currencies towards gov controlled, centralized systems and this is one of the many initiatives following this motive. permalink embed save report give award reply [–]HODL0908 1 point 2 hours ago These fucking assholes always with their shitty environmental agendas and arguments as an excuse to regulate the everlasting fuck out of our lives. They all deserve to hang permalink embed save report give award reply [–]Supermann-redditor for 6 weeks 1 point 2 hours ago Who cares. It is 2025. By then, BTC will be ETF-traded and there will be no effect from this bs. permalink embed save report give award reply [–]PresJohnTyler 1 point 1 hour ago Crypto is really making me despise left wing politics. permalink embed save report give award reply [–]BeansBakerNumber5redditor for 1 week 1 point 1 hour ago In the words of one Vikki Nuland: "Fuck the EU". permalink embed save report give award reply [–]milkman1218 1 point 1 hour ago Bitcoin is bad for the environment is just insane to me. It's almost like the oil industry, weapons manufacturing and rich oligarchies have never had a negative impact on the environment. Meanwhile, BTC might be the only catalyst to finally force the modern age of humans to finally use reusable resources in mass. permalink embed save report give award reply [–]BalanceAdept8939 1 point 1 hour ago Name 1 single law against Schrute bucks !! One just name one you idots !! Please tell me one law that stops the trading of schrute bucks ??? Ok now you realize this isn’t a f ing game it’s for real and they scared Back out now if you are too permalink embed save report give award reply [–]GoBigorGoHome687 [score hidden] 43 minutes ago Just vote the libs out and the dust will settle permalink embed save report give award reply [–]Lanky_Ad_6474 [score hidden] 30 minutes ago Bitcoin donations appreciated to the little kids who need it more. 16MUhGb4PHpNcaGkxiLHJXZanaSmGH9gGp permalink embed save report give award reply [–]0x1a3c3e7redditor for 3 months [score hidden] 11 minutes ago They prefer PoS coins, not because PoS uses less energy but because they are so easy to dominate. permalink embed save report give award reply [+]Perfect_Ability_1190 -15 points 8 hours ago Proof of work is garbage 🗑 permalink embed save report give award reply [–]ejjVAL -1 points 7 hours ago Fuck permalink embed save report give award reply [–][deleted] 6 hours ago [deleted] [–]PNW4LYFE 0 points 3 hours ago It's official, Bitcoin is dead. Time to pack it up y'all. permalink embed save report give award reply [–]GoBigorGoHome687 [score hidden] 48 minutes ago Canceled my trip to Europe. They don’t accept BTC. Oh well. Beaches in El Salvador are pretty nice