Bitcoin, the crypto to destroy? – Even without the information below, which has just been revealed on April 21, we strongly suspected that certain technocrats of the European Parliament wanted the death of Bitcoin (BTC). It is his consensus by the proof of work (PoW) which has already been particularly targeted by two amendments to the MiCA Law (markets in crypto-assets), fortunately rejected. Now let’s find out more about this BTC assassination attempt.
EU politicians plotting against Bitcoin?
The plans of some European Union politicians towards Bitcoin are not not peaceful at all. Further proof of this will to war with the cryptosphere is given to us by internal EU documents, published by Netzpolitik.org. Their disclosure to the public was permitted by freedom of information requests which have been sent to the European Commission, the German government and the Swedish authorities.
These documents reveal the exchanges between State and supranational civil servants, held behind closed doors in November 2021, far from the eyes and ears of the public. Impossible to know who spoke what words – the European Commission has redacted 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 the people present raises a crucial question. Straightforwardly, the person asks whether the EU should not to prohibit in general, the trading of cryptocurrencies which, like Bitcoin, use Proof of Work (PoW) consensus. The answer: redacted. The reason given by the Commission to justify the deletion of this response is to protect an “ongoing decision-making process”. »
Excerpt from the Netzpolitik article
>> Play it safe by having your stablecoins work with Swissborg (affiliate link) <<
The authorities of Brussels and China: same fight
When China bans cryptocurrency miningthe cryptosphere as a whole recovered quickly, but Chinese players had to exile Where going bankrupt. But these discussions between EU officials do not seem to show any concern for the fate of the community gathered around Bitcoin:
“If Ethereum is able to transform [vers la Preuve d’enjeu (PoS)], we could legitimately ask Bitcoin to do the same. We need to “protect” other cryptocurrencies that are sustainable. I don’t see the need to “protect” the Bitcoin community. »
If instead of not wanting to protect her, they also wanted to be content not to harm him, that would be a good start. As for the question asked “How would banning 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 ruined overnight by 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 Saint ecological pretext, yet disavowed every daywill it serve to kill bitcoin in Europe, thus following the example of a country regularly described as despotic, with a single party and a president “elected” for life? The CCP also prohibits in the name of “Benefit of All”.
Surprisingly, this kind of foresight should not matter too much to you: just keep in mind that Bitcoin is here to stay and its growth is impossible to hinder! Now is the time to start accumulating BTC. To do this, 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 Journal du Coin by using this affiliate link to register on the Swissborg reference platform (see offer conditions on the official website).