Change Bitcoin or kill it: EU Machiavellian plans revealed in working paper

Bitcoin, the crypto to destroy? – Even without the information below, which has just been revealed on April 21, we had a strong suspicion that certain technocrats from The European Parliament wanted the death of Bitcoins (BTC). That is his consensus proof of work (PoW), which has already been specifically targeted by two amendments to MiCA lov (markets for cryptocurrencies), fortunately rejected. Now let’s find out more about this BTC assassination attempt.

EU politicians planning against Bitcoin?

Some EU politicians’ plans against Bitcoin is not not at all peaceful. Further evidence of this willingness to war with the cryptosphere is provided to us by internal EU documents, published by Netzpolitik.org. Their disclosure to the public was permitted by requests for freedom of information sent to the European Commission, the German Government and the Swedish authorities.

These documents reveal the exchanges between government and supranational officials, kept behind closed doors in November 2021, far from the eyes and ears of the public. Impossible to know who spoke which words – The European Commission has edited names speakers – but one of the e-mails sent to the participants before this meeting shows the participation of a senior Commission official, responsible for “blockchain innovation” (sic) in Europe.

“During the meeting, one of those present raises a crucial question. The person even asks if the EU should not to forbid generally trading cryptocurrencies that, like Bitcoin, use the Proof of Work (PoW) consensus. The answer: edited. The reason given by the Commission to justify the deletion of this answer is to protect an “ongoing decision-making process”. »

Excerpts from the Netzpolitik article

The EU unofficially raises the issue of banning Bitcoin and its proof of work.
We do not know what the European Commission thinks about the killing of Bitcoin (passage edited) – Source: netzpolitik.org

>> Play it safe by getting your stack coins to work with Swissborg (affiliate link) <

Authorities in Brussels and China: same battle

When China bans cryptocurrency miningthe cryptosphere as a whole recovered quickly, but Chinese players had to exile Where go bankrupt. But these discussions between EU officials do not seem to show any concern for the fate of the society gathered around Bitcoin:

“If Ethereum is capable of transforming [vers la Preuve d’enjeu (PoS)], we could legally ask Bitcoin to do the same. We need to “protect” other cryptocurrencies that are sustainable. I do not see the need to “protect” the Bitcoin community. »

If, instead of not wanting to protect her, they would also just let go hurt him, it would be a good start. With regard to the question asked “How would a ban on Bitcoin affect consumers?”the answer is that its possessors are “aware of its significant volatility”. Basically, the value of their investments may well to be destroyed from one day to the next in political decisions, these EU representatives do not care.

When a country like China bans cryptocurrency mining, you can describe the decision as authoritarian (at least), but for the EU, will criticism be possible? The saints organic pretext, yet rejected every dayit will serve kill bitcoin in Europe and thus follows the example of a country that is often described as despotic, with a single party and a president “elected” for life? The CCP also bans in the name “Everyone’s benefit”.

Surprisingly, this kind of foresight should not mean too much to you: Just keep in mind that Bitcoin is here to stay and it is impossible to stop its growth! Now it’s time to start accumulating BTC. To do this you need to know that you can get up to € 200 in cryptocurrency for free (subject to a minimum deposit of € 50)! Take advantage of this offer while supporting the work of the Journal du Coin by using this affiliate link to sign up for Swissborg reference platform (see offer conditions on the official website).

Leave a Comment