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Bitcoin => Bitcoin Discussion => Topic started by: mynonce on November 10, 2021, 06:20:45 PM



Title: They will try to stop Bitcoin
Post by: mynonce on November 10, 2021, 06:20:45 PM
https://www.fi.se/en/published/presentations/2021/crypto-assets-are-a-threat-to-the-climate-transition--energy-intensive-mining-should-be-banned/

''We therefore call for:

1. The EU to consider an EU-level ban on the energy-intensive mining method proof of work. There are other methods for mining crypto-assets, that could also be used for Bitcoin and Ethereum, that are estimated to reduce energy consumption by 99.95% with maintained functionality.
2. Sweden to meanwhile introduce measures that halt the continued establishment of crypto-mining production using energy-intensive methods.
3. That companies who trade and invest in crypto-assets, that were mined using the proof of work method, cannot be allowed to describe or market themselves or their activities as sustainable.''

''A ban on the proof of work mining method within the EU could be an important first step in a global move towards a greater use of more energy-efficient crypto mining methods.''

 ???

Edited 23/Feb/2022
EU on Track to Ban Bitcoin: Report

'Bitcoin will be banned in the EU starting from 2025 if the Commission and the Council of the EU don’t ditch a crippling amendment to the MiCA framework'

source: https://u.today/eu-on-track-to-ban-bitcoin-report (https://u.today/eu-on-track-to-ban-bitcoin-report)


Edit:
Changed the topic
''Why are they against PoW?''
to
''They will try to stop Bitcoin''

- that is my opinion -


... or the topic could be:
The topic of this thread should be : "they wish they could stop Bitcoin"
Much better, I tend to agree with you.


Title: Re: Why are they against PoW?
Post by: TangentC on November 10, 2021, 06:47:03 PM
People have been warning PoW was a technical dead end due to energy waste since 2013.
The Eventual PoW mining ban by every country of the earth is a foregone conclusion.
That is the phase we are entering now.

The bitcoin cults nutjobs will just scream fud like when China banned it.
But China still banned it.

Ethereum is switching to Proof of Stake, to solve their PoW problem.


Title: Re: Why are they against PoW?
Post by: dothebeats on November 10, 2021, 06:58:35 PM
They just can't point fingers on other industries that harnesses similar or even greater energy and produces similar or greater wastes because it will hurt their relationship with such industries. Bitcoin and crypto mining relying on PoW are easy targets, mainly because not a lot of countries and businesses are into it just yet. I understand the sentiments of those who signed on the Paris agreement that are trying so hard to reach their pledges, but they should also look into other industries that uses large amounts of energy and produces just as much waste in the end.

Then again, the fingers are already pointed, and sure enough bitcoin and crypto will take direct hit and be persecuted harshly and might even be blamed as the number one contributor in rising temperatures.


Title: Re: Why are they against PoW?
Post by: mynonce on November 10, 2021, 07:04:42 PM
...
Then again, the fingers are already pointed, and sure enough bitcoin and crypto will take direct hit and be persecuted harshly and might even be blamed as the number one contributor in rising temperatures.

They could start a big campaign against Bitcoin with that argument.


Title: Re: Why are they against PoW?
Post by: Smartvirus on November 10, 2021, 07:43:21 PM
As a crypto enthusiast, its not uncommon to express some biase on the attack on cryptos (Bitcoin and Ethereum) to be precised but at least, one point was made clear in that publication and that is, crypto mining should look out for a more conventional energy sources and shouldn't depend so much on fossil fuels. It's a point that I admire but then, the rest of the world has got to help crypto miners to solve this issue and not dump the whole thing on miners to look out for there sources of energy. They've got to treat crypto like other fields and not like some alian in the new world.


Title: Re: Why are they against PoW?
Post by: worldofcoins on November 10, 2021, 08:02:52 PM
As most users already mentioned that it's due to a waste of energy.
Another reason could be due to not having enough energy supply to those regions where a majority of people are mining the crypto-currencies.


Title: Re: Why are they against PoW?
Post by: mynonce on November 10, 2021, 08:11:57 PM
As most users already mentioned that it's due to a waste of energy.
Another reason could be due to not having enough energy supply to those regions where a majority of people are mining the crypto-currencies.

... and the true reason is: they want to stop Bitcoin?


Title: Re: Why are they against PoW?
Post by: titular on November 10, 2021, 08:13:47 PM
People have been warning PoW was a technical dead end due to energy waste since 2013.
The Eventual PoW mining ban by every country of the earth is a foregone conclusion.
That is the phase we are entering now.

The bitcoin cults nutjobs will just scream fud like when China banned it.
But China still banned it.

Ethereum is switching to Proof of Stake, to solve their PoW problem.

China didn't ban bitcoin because of environmental concerns. They take poor care of their environment as it is.

They banned it because they fear open networks such as bitcoin. They do not like having ANYTHING that cannot be censored one way or the other.

POW is not a bug in bitcoin, but one of its most important features. Don't get it twisted.


Title: Re: Why are they against PoW?
Post by: Oceat on November 10, 2021, 08:14:09 PM
They may have some point but it looks like a FUD to me, like how Elon left and stop Bitcoin payment when buying Tesla car. It's not right to stop crypto mining if they do really care the nature – they should stop using coal and gasoline too. I get their point that they want to have a healthy environment and wanted to have enough power supply to their people but it's not right to blame it all on Bitcoin mining. Bigger industry are using coal a lot and not to mention the smoke pollution they've caused but still they are still running. ???


Title: Re: Why are they against PoW?
Post by: DarkDays on November 10, 2021, 08:27:59 PM
As most users already mentioned that it's due to a waste of energy.
Another reason could be due to not having enough energy supply to those regions where a majority of people are mining the crypto-currencies.
PoW is unsustainable. This is the only reason why it is often frowned upon on, with PoS becoming the dominant method of securing and maintaining blockchain networks.

Plus, the shift in paradigm regarding the global energy usage plays a big role, and of course, media headlines pointing at the energy crisis and often blowing the picture out of proportion has many people convinced that crypto in general is a bad thing. Though, I do agree that the industry as a whole needs to become more energy efficient. In the same regards this is something that extrapolates to the whole world


Title: Re: They will try to stop Bitcoin
Post by: mynonce on November 10, 2021, 09:56:29 PM
Changed the topic

''Why are they against PoW?''

to

''They will try to stop Bitcoin''


- that is my opinion -


Title: Re: They will try to stop Bitcoin
Post by: Darker45 on November 11, 2021, 02:27:48 AM
''They will try to stop Bitcoin''

This is not a matter of "will." They have already been trying to stop Bitcoin. This is just one of those attacks. This is in a way unique in that this is coming from another side. When Bitcoin was first attacked by these same scumbags, the attack came from the side of Bitcoin being labelled as an underground currency which is preferred by none other than the criminals. 

That attack didn't last long. Today, even the richest person on the planet and other billionaires own Bitcoin. That's why they're constantly changing attack approaches because they fail every time.


Title: Re: They will try to stop Bitcoin
Post by: odolvlobo on November 11, 2021, 03:49:55 AM
Quote
The most common method for producing crypto-assets requires enormous amounts of electricity and generates large CO2 emissions.

That statement is false. Bitcoin mining does not generate CO2 emissions.

Quote
We therefore call for:

1. The EU to consider an EU-level ban on the energy-intensive mining method proof of work. There are other methods for mining crypto-assets, that could also be used for Bitcoin and Ethereum, that are estimated to reduce energy consumption by 99.95% with maintained functionality.
2. Sweden to meanwhile introduce measures that halt the continued establishment of crypto-mining production using energy-intensive methods.
3. That companies who trade and invest in crypto-assets, that were mined using the proof of work method, cannot be allowed to describe or market themselves or their activities as sustainable.

They should ban manufacturing, and then they should ban exports of electricity. Manufacturing uses 27% of all the electricity in Sweden and Sweden exports 21% of its electricity. Those two categories consume 80 times the electricity used for crypto mining and Sweden can cut it carbon footprint in half by banning just those two categories.


Title: Re: They will try to stop Bitcoin
Post by: smartaction on November 11, 2021, 04:59:14 AM
Bitcoin mining requires a lot more electrical energy. And with that need a lot of Powerful equipment. Which costs more than bitcoin mining Amount. So it is not mined everywhere and no one wants to mine it very easily. Bitcoin is mined only in countries where electricity prices are low.


Title: Re: They will try to stop Bitcoin
Post by: Voxo2222 on November 11, 2021, 05:26:35 AM
https://www.fi.se/en/published/presentations/2021/crypto-assets-are-a-threat-to-the-climate-transition--energy-intensive-mining-should-be-banned/

''We therefore call for:

1. The EU to consider an EU-level ban on the energy-intensive mining method proof of work. There are other methods for mining crypto-assets, that could also be used for Bitcoin and Ethereum, that are estimated to reduce energy consumption by 99.95% with maintained functionality.
2. Sweden to meanwhile introduce measures that halt the continued establishment of crypto-mining production using energy-intensive methods.
3. That companies who trade and invest in crypto-assets, that were mined using the proof of work method, cannot be allowed to describe or market themselves or their activities as sustainable.''

''A ban on the proof of work mining method within the EU could be an important first step in a global move towards a greater use of more energy-efficient crypto mining methods.''

 ???


Edit:
Changed the topic
''Why are they against PoW?''
to
''They will try to stop Bitcoin''

- that is my opinion -


Do not worry they never stop it until btc price reaches to peak thats for sure 😀


Title: Re: They will try to stop Bitcoin
Post by: pooya87 on November 11, 2021, 05:43:07 AM
Am I the only one who sees that this nonsense about bitcoin energy usage started yet another time as price is starting to rise and sets new ATH every day? From last time that we were above $60k until this day there hasn't been any serious talks about it either which is very interesting as if all of a sudden all the environmental concerns wen't away the day price started falling and didn't rise for a couple of months :P


Title: Re: They will try to stop Bitcoin
Post by: Kakmakr on November 11, 2021, 05:51:04 AM
They can ban whatever they want, but as we saw with the Chinese ban.... miners just relocate to another country where Bitcoin mining with POW is legal. The myth out there at the moment is that Bitcoin mining are only done with "dirty" energy ...but miners all over the world has shown that many of the biggest Bitcoin mining farms are actually using renewable energy. (Geothermal power / Hydro energy / Wind energy)

https://www.dw.com/en/cheap-electricity-makes-cryptocurrency-mining-profitable-in-venezuela/av-59046364

https://www.euronews.com/next/2021/10/29/volcanic-energy-is-creating-bitcoin-in-el-salvador

https://finance.yahoo.com/news/green-energy-sustainable-future-bitcoin-232841036.html

https://www.forbes.com/sites/christopherhelman/2021/08/02/green-bitcoin-mining-the-big-profits-in-clean-crypto/


Title: Re: They will try to stop Bitcoin
Post by: Celinena on November 11, 2021, 05:54:14 AM
The real reason is probably not the energy issue, but the interest issue. The market value of Bitcoin has already had a great impact on world finance. Maybe they know that Bitcoin is unorganized, but it can be blocked as long as it can be blocked.


Title: Re: They will try to stop Bitcoin
Post by: davis196 on November 11, 2021, 06:07:15 AM
European countries have nothing against Bitcoin.Some of them are against crypto mining,because:
1.Crypto mining isn't "green" enough.
2.Crypto mining uses a lot of energy and there was an energy crisis in Europe.The energy prices are too high,because the wind and solar power facilities don't produce enough energy and the natural gas prices went thru the roof(due to shortage). A lot of the electricity production in Europe is based on burning natural gas.
A possible crypto mining ban in the EU won't affect crypto mining,because the vast majority of the crypto miners are located outside the European Union.
OP,you should stop with the conspiracy theories.Nobody in Europe is trying to stop Bitcoin.


Title: Re: They will try to stop Bitcoin
Post by: cabron on November 11, 2021, 06:18:40 AM
They are just diverting the blame to Bitcoin and POW. POW is what secures the network.

The goal of what they are doing could lead to using fossil fuel as illegal. But what will really force the countries not to use fossil fuels or coal when they have the resources to explore?  I don't EU will stop countries like India, Russia, or China in going to making massive improvements to thier economy in using their fossil fuel. These are the countries that will fight for thier survival. The world could change to alternative energy but thier promises to thier citizen will have to be achieved first before they will turn to alternative energy.


Title: Re: They will try to stop Bitcoin
Post by: fiulpro on November 11, 2021, 09:13:55 AM
I don't think this would happen since countries like UK are already involved in making healthier online crypto betting standards and earning a lot from it as taxes as well, other than that even though Sweden plans to ban mining they won't be able to ban bitcoins. Banning mining might be their need of the hour to control the high prices but I do believe in the future they might allow it again. It's not possible to put an halt on Bitcoins for sure, maybe they can try but there are still wallets who do not need KYC which does mean that these wallets would be very easy Targets for the government and what would they do ? Check phone of each and every person out there? Look in their house for nano ? Look for any paper wallets ? This is not possible. It's impossible to completely eradicate bitcoins for sure since this is not in their control, they can influence the prices but they cannot actually try and stop it hands down. Therefore I do think we can let this issue slide since even during the covid bitcoins is stronger than ever.


Title: Re: They will try to stop Bitcoin
Post by: pooya87 on November 11, 2021, 09:32:26 AM
1.Crypto mining isn't "green" enough.
That statement has wrong written all over it. Crypto mining does not produce even an ounce of green gases or harm the environment in any way. The electricity production and the electric companies do. The finger of the blame should be directed at them instead.
The funny thing is that a large number of bitcoin miners are getting their required electricity from sources that use reproducible energies!


Title: Re: They will try to stop Bitcoin
Post by: Leviathan.007 on November 11, 2021, 04:25:53 PM
It's not just about making bitcoin stop. Many governments including the EU governments prefer to take control over their people by monitoring their transactions, their funds, and whatever they do, bitcoin is totally against it. There can be many excuses by governments such as using too much energy for mining or using bitcoin for illegal stuff and illegal deals, However, time after time when bitcoin spreads over the world more than before any government and organization will be forced to accept bitcoin instead of standing against it.


Title: Re: They will try to stop Bitcoin
Post by: Issa56 on November 11, 2021, 05:55:35 PM
I believe they are just trying all thier possible best just to stop bitcoin from growing which o don't think is possible they are looking for ways inwhich they will use to kill bitcoin but seriously I believe that's not possible, is already late I don't think thier is anything they can do to kill bitcoin. The only thing I believe every government should do now is just to adopt bitcoin and find a way to develop thier economy.


Title: Re: They will try to stop Bitcoin
Post by: blatchcorn on November 11, 2021, 06:15:40 PM
They are just diverting the blame to Bitcoin and POW. POW is what secures the network.

The goal of what they are doing could lead to using fossil fuel as illegal. But what will really force the countries not to use fossil fuels or coal when they have the resources to explore?  I don't EU will stop countries like India, Russia, or China in going to making massive improvements to thier economy in using their fossil fuel. These are the countries that will fight for thier survival. The world could change to alternative energy but thier promises to thier citizen will have to be achieved first before they will turn to alternative energy.

Everyone is blaming PoW for consuming too much energy, if you read posts like this here it seems that only problem of world is energy consumption by PoW. What about other things that are consuming too much energy and destroying the nature with toxic gases like plastic Factories, pesticides spray etc. The list is too long to fit here. BTC network will continue to live even with 100 miners distributed globally (correct me if I am wrong).


Title: Re: They will try to stop Bitcoin
Post by: mynonce on November 11, 2021, 07:57:19 PM
...The list is too long to fit here. BTC network will continue to live even with 100 miners distributed globally (correct me if I am wrong).

If there were 100 miners (btw. that would work), I would be #101. (I think a lot of others would want it too)


Title: Re: They will try to stop Bitcoin
Post by: Mauser on November 12, 2021, 10:09:57 AM
This is sad news if it actually get through parliament. The European Union is trying to be more eco friendly with their energy usage. Which is a good thing. There is a huge shift towards renewable energy sources and away from fossil fuels. So why go after crypto currencies now, wouldn't it be fine if crypto currencies are being mined from ecological friendly energy? High energy usage is one thing, but there are much better places to try and reduce energy consumption. We can't live in a world where we don't use any energy. I really hope the EU is not moving towards a crypto ban.


Title: Re: They will try to stop Bitcoin
Post by: sunsilk on November 12, 2021, 10:52:55 AM
There's this temporary ban of crypto mining in Iran because they can't sustain the energy that's being used for their country. In result, they have to ban mining(crypto) due to the high consumption that it has.

It could be the same as they're trying to have "EU-level" of ban for mining because of the same problem. I don't think that they're trying to stop bitcoin. There's no country that could stop bitcoin either one bans bitcoin and mining but the other one is openly going to accept it.


Title: Re: They will try to stop Bitcoin
Post by: GeorgeJohn on November 12, 2021, 03:26:25 PM
Bitcoin mining requires a lot more electrical energy. And with that need a lot of Powerful equipment. Which costs more than bitcoin mining Amount. So it is not mined everywhere and no one wants to mine it very easily. Bitcoin is mined only in countries where electricity prices are low.
it's very obvious that country that did not have a sufficient Power supply cant adventure into cryptocurrency mining, because it needs a consistent electricity, so those countries that is kicking against in order for cryptocurrency to be ban or eliminate totally can't work out, while the process of mining bitcoin is not situated in their country, i think the only factors bitcoin can be ban totally is when the countries mining btc is been done is lack of electricity.


Title: Re: They will try to stop Bitcoin
Post by: giammangiato on November 12, 2021, 04:37:04 PM
When Satoshi Nakamoto first created Bitcoin, he probably didn’t expect how big this thing would become, and what huge energy consumption it would require. Large farming halls full of ASIC miners using hashing functions and motivated to earn a reward in BTC are scattered all over the world. The idea of self-mining on your laptop is already outdated. But that doesn't mean that somebody could actually stop it, I mean who stopped the DuPont company with their teflon production or the story with Chisso Corporation? Exactly


Many to go against bitcoin, then you look closely and you realize that they want it! Nobody can stop a moving train, maybe one day this train will stop? I think not, we cannot know, today the security is that BTC when it was thought by Satoshi Nakamoto, would never have reached these numbers!


Title: Re: They will try to stop Bitcoin
Post by: Gyfts on November 12, 2021, 06:38:55 PM
Quote
The most common method for producing crypto-assets requires enormous amounts of electricity and generates large CO2 emissions.

That statement is false. Bitcoin mining does not generate CO2 emissions.

Quote
We therefore call for:

1. The EU to consider an EU-level ban on the energy-intensive mining method proof of work. There are other methods for mining crypto-assets, that could also be used for Bitcoin and Ethereum, that are estimated to reduce energy consumption by 99.95% with maintained functionality.
2. Sweden to meanwhile introduce measures that halt the continued establishment of crypto-mining production using energy-intensive methods.
3. That companies who trade and invest in crypto-assets, that were mined using the proof of work method, cannot be allowed to describe or market themselves or their activities as sustainable.

They should ban manufacturing, and then they should ban exports of electricity. Manufacturing uses 27% of all the electricity in Sweden and Sweden exports 21% of its electricity. Those two categories consume 80 times the electricity used for crypto mining and Sweden can cut it carbon footprint in half by banning just those two categories.

Where do you think the electricity comes from then?

There are CO2 emissions associated with bitcoin, as there is with any other financial system. The argument should be that it's significantly less than other currencies and their ancillary services. Currencies along with payment processors, along with banks demand a lot of energy, and bitcoin is peanuts in comparison. Though the energy requirements associated with mining aren't insignificant either. 

What exact ban in manufacturing are you suggesting? You're saying there shouldn't be manufactured goods?


Title: Re: Why are they against PoW?
Post by: Welsh on November 12, 2021, 07:54:46 PM
China didn't ban bitcoin because of environmental concerns. They take poor care of their environment as it is.

They banned it because they fear open networks such as bitcoin. They do not like having ANYTHING that cannot be censored one way or the other.

POW is not a bug in bitcoin, but one of its most important features. Don't get it twisted.
I've been saying this for a while now; climate change is the buzz word, which is being used to pile onto Bitcoin, and make it public enemy number one despite there being far bigger contributors that the government, and companies approve of when it works in their favour.

Where do you think the electricity comes from then?

There are CO2 emissions associated with bitcoin, as there is with any other financial system. The argument should be that it's significantly less than other currencies and their ancillary services. Currencies along with payment processors, along with banks demand a lot of energy, and bitcoin is peanuts in comparison. Though the energy requirements associated with mining aren't insignificant either.  

What exact ban in manufacturing are you suggesting? You're saying there shouldn't be manufactured goods?
I'd like to compare the electricity costs for running fiat currencies which nowadays rely mostly on computers, since I would estimate that it uses a significant amount that isn't considered green energy.

This also begs the question is climate change really in our control or is it natural variance. After all, throughout the years we've gone through hot periods, and significant cold periods not comparable to modern times. Therefore, our data we're relying on could in fact be natural variance since the world is billions of years old.

In fact, I suspect not only Bitcoin, but the whole human output has insignificant effects when considering the whole picture. Though, I guess that could be debatable, but I know for absolute sure that there are other technologies out there, and process which are contributing more significantly than Bitcoin, and at the same time being less valuable to the people. For example, fiat currencies.


Title: Re: They will try to stop Bitcoin
Post by: lepbagong on November 13, 2021, 10:06:05 AM
Bitcoin mining requires a lot more electrical energy. And with that need a lot of Powerful equipment. Which costs more than bitcoin mining Amount. So it is not mined everywhere and no one wants to mine it very easily. Bitcoin is mined only in countries where electricity prices are low.

why china is the best mining place and is very mushrooming in the world, because the cost of electricity is a very component that is the main financing of mining, and like you said that cheap electricity costs are very profitable for miners, china is a place where mining is mushrooming and growing very well, because in China's electricity costs are very cheap and affordable.
so naturally China finally had to impose a mining ban on the assumption that electricity consumption there was used for mining.
although maybe the ban on mining is not only because of the use of electricity because we know China always has unknown intentions.

it's very obvious that country that did not have a sufficient Power supply cant adventure into cryptocurrency mining, because it needs a consistent electricity, so those countries that is kicking against in order for cryptocurrency to be ban or eliminate totally can't work out, while the process of mining bitcoin is not situated in their country, i think the only factors bitcoin can be ban totally is when the countries mining btc is been done is lack of electricity.
true, if the use of electricity for commercial purposes such as mining will clearly harm the other party who ultimately has to succumb because of the limited supply that must be provided. Usually the government will provide compensation if they want to be able to regulate the use of electricity by themselves with renewable technologies such as solar power, wind power to be used as a supply for mining.
but it's clear that miners don't want to be preoccupied in a way that they find to be difficult for themselves.


Title: Re: They will try to stop Bitcoin
Post by: Voxo2222 on November 13, 2021, 11:35:54 AM
As its a financial world.
Any bad news about financial asset is fud.
So its a another FUD.


Title: Re: They will try to stop Bitcoin
Post by: Ozero on November 13, 2021, 12:54:12 PM
''They will try to stop Bitcoin''

This is not a matter of "will." They have already been trying to stop Bitcoin. This is just one of those attacks. This is in a way unique in that this is coming from another side. When Bitcoin was first attacked by these same scumbags, the attack came from the side of Bitcoin being labelled as an underground currency which is preferred by none other than the criminals. 

That attack didn't last long. Today, even the richest person on the planet and other billionaires own Bitcoin. That's why they're constantly changing attack approaches because they fail every time.
States have not yet tried to seriously stop bitcoin and they have the authority and leverage to do this. But here we are not talking about a ban on bitcoin, but a ban on its mining. Given the very difficult situation with a sharp climate change, as well as the upcoming energy crisis, I am quite sure that such a ban can be adopted by the EU countries. How does it threaten bitcoin? Let's say the ban will be valid in the EC and some other states. But surely in the third world countries they will mine it. Therefore, I do not see any particular problems with this. Even if Bitcoin mining is completely suspended, it may well go with the current supply of 18 million.


Title: Re: They will try to stop Bitcoin
Post by: marilynmanson21 on November 13, 2021, 01:38:31 PM

waste of energy can be a factor why bitcoin must be stopped, but as we can see bitcoin can create technology that can support their work in mining, for example they create electricity from using water currents, or so on.
it doesn't make sense if bitcoin destroys nature in my opinion

besides the existing FUD where the very influential FUD is when Elon stopped paying for Tesla cars with bitcoin, suddenly the value of bitcoin collapsed where btc had just reached its new ath

of the two problems above can be a factor in humans stopping bitcoin


Title: Re: They will try to stop Bitcoin
Post by: Darker45 on November 13, 2021, 02:21:27 PM
''They will try to stop Bitcoin''

This is not a matter of "will." They have already been trying to stop Bitcoin. This is just one of those attacks. This is in a way unique in that this is coming from another side. When Bitcoin was first attacked by these same scumbags, the attack came from the side of Bitcoin being labelled as an underground currency which is preferred by none other than the criminals. 

That attack didn't last long. Today, even the richest person on the planet and other billionaires own Bitcoin. That's why they're constantly changing attack approaches because they fail every time.
States have not yet tried to seriously stop bitcoin and they have the authority and leverage to do this. But here we are not talking about a ban on bitcoin, but a ban on its mining. Given the very difficult situation with a sharp climate change, as well as the upcoming energy crisis, I am quite sure that such a ban can be adopted by the EU countries. How does it threaten bitcoin? Let's say the ban will be valid in the EC and some other states. But surely in the third world countries they will mine it. Therefore, I do not see any particular problems with this. Even if Bitcoin mining is completely suspended, it may well go with the current supply of 18 million.

I don't know if they really haven't tried to stop Bitcoin. But the fact remains that however powerful these states are, they simply cannot kill Bitcoin.

I don't know what makes you sure about a ban on Bitcoin mining in EU, but I don't agree. Bitcoin mining could be perfectly operate using renewable energy.

Finally, you must have reduced Bitcoin mining's function into simply minting new coins. While mining is indeed the way for new coins to be added into circulation, it is not its only function. So I would not agree with you that it is all right even if Bitcoin mining is completely suspended. That is underestimating the role of Bitcoin mining in the entire Bitcoin ecosystem. Bitcoin transactions are confirmed and verified by miners. Bitcoin transactions are deemed valid because of the computations done by miners. Kill Bitcoin mining, you might as well kill Bitcoin itself.


Title: Re: They will try to stop Bitcoin
Post by: carrigan on November 13, 2021, 02:34:47 PM
Maybe actions such as policies on mining are considered as one form of the world condemning the existence of Bitcoin and wanting to end it. But that is wrong, in fact many people want to join in it because they see the life of a BTC trader and investor who is self-sufficient. This is not a wrong reason if you get into cryptocurrency because everyone also aims to make a profit. Talk about switching to a more energy efficient coin mining method. I think this is a good breakthrough and I hope it will be useful and can be used by everyone.


Title: Re: They will try to stop Bitcoin
Post by: The Cryptovator on November 13, 2021, 03:42:34 PM
Let them try. Do you believe it's possible to ban Bitcoin? I don't know about other cryptocurrencies nor interested as well since most of them semi-decentralized. They could ban mining, but couldn't ban the use of Bitcoin. If one bans mining then others will allow it. That's the game of cryptocurrency. Those who don't like decentralized ecosystems won't support Bitcoin or mining it. Nothing will happen, even a big country like China has banned Bitcoin mining couldn't discourage to use that nor they could control. They just don't like decentralization and they want to control everything in the world.


Title: Re: They will try to stop Bitcoin
Post by: MinoRaiola on November 13, 2021, 03:51:23 PM
Changed the topic
''Why are they against PoW?''
to
''They will try to stop Bitcoin''

It is not possible to ban something that many people do for fun or something. I mean the bitcoin nodes. How do you want to ban that? The miners can have it more difficult, but it is possible to run your devices everywhere in the world and never all countries will be of the same opinion - never. The Bitcoin network is too strong. The  China ban doesn't care about Bitcoin world. Only the people in China have a hard time.


Title: Re: They will try to stop Bitcoin
Post by: ropyu1978 on November 13, 2021, 05:20:28 PM
I think it is very impossible to replace bitcoin in the global world, even though bitcoin is currently being hit by such a terrible storm, bitcoin cannot be stopped circulating in various countries unless they can prohibit people from stopping the use of bitcoin for their people but cannot prohibit the circulation bitcoin in various circles, as we saw some time before where there was a lot of controversy about bitcoin among many people, where they said it was not good to adopt bitcoin but for me it was not a problem


Title: Re: They will try to stop Bitcoin
Post by: Easteregg69 on November 13, 2021, 05:23:17 PM
Don't forget the cheap wrap on the sidechains.


Title: Re: They will try to stop Bitcoin
Post by: oemar bakrie on November 13, 2021, 05:57:10 PM
a small opinion of mine that will only complicate the situation, because it is not that easy to stop the role of bitcoin in the economic market which is currently increasingly difficult, because with technology methods we can have a large role in the development of bitcoin or other crypto..


Title: Re: They will try to stop Bitcoin
Post by: TheGreatPython on November 13, 2021, 06:03:50 PM
1. The EU to consider an EU-level ban on the energy-intensive mining method proof of work. There are other methods for mining crypto-assets, that could also be used for Bitcoin and Ethereum, that are estimated to reduce energy consumption by 99.95% with maintained functionality.
2. Sweden to meanwhile introduce measures that halt the continued establishment of crypto-mining production using energy-intensive methods.
3. That companies who trade and invest in crypto-assets, that were mined using the proof of work method, cannot be allowed to describe or market themselves or their activities as sustainable.''
I have already seen this news already. I don’t think that their plan is to stop bitcoin, rather they’re just trying to stop the proof of work method of mining cryptocurrency, which they believe is harmful to the environment due to the level of energy that is being used in that method. They’re recommending that miners should switch to proof of stake of mining algorithm cryptocurrencies, and stop the proof of work algorithm.

As for Bitcoin and Ethereum, I don’t know how possible it is going to be for the Bitcoin developers to switch to this method, but ETH developers already have a plan to move over to the proof of stake method of mining. As you have said, I believe that companies that are mining cryptocurrency will try to consider other means of mining that would not be as harmful to the environment.


Title: Re: They will try to stop Bitcoin
Post by: aoluain on November 13, 2021, 06:19:28 PM
Am I the only one who sees that this nonsense about bitcoin energy usage started yet another time as price is starting to rise and sets new ATH every day? From last time that we were above $60k until this day there hasn't been any serious talks about it either which is very interesting as if all of a sudden all the environmental concerns wen't away the day price started falling and didn't rise for a couple of months :P

Correct, its the same old Bitcoin v's The environment and all at the same times when
Bitcoin is setting record numbers.



There are multiple Pink Elephants in the room which the people in power are choosing
to ignore.....

Agriculture - vast swathes of monoculture land set aside for grazing for livestock, more for
feed for that livestock which in turn creates massive amounts of Methane gas.

Mining - Coal and precious metals are continued to me mined at great expense to natural
habitat and utilising massive amounts of fossil fuels in the pursuit of green, sustainable energy.

So before they start focussing on Bitcoin mining they need to sort out more polluting
industries first but if they keep the focus on the bad boy Bitcoin they can continue to rape
the natural world for economic gains.

Its all smoke and mirrors


Title: Re: They will try to stop Bitcoin
Post by: mynonce on November 13, 2021, 07:01:11 PM
I don’t think that their plan is to stop bitcoin, rather they’re just trying to stop the proof of work method of mining cryptocurrency ...

Bitcoin = proof of work (PoW)

they're trying to stop PoW = they're trying to stop Bitcoin


There is no PoS (proof of stake) Bitcoin or something else, and will never be.


Title: Re: They will try to stop Bitcoin
Post by: Haunebu on November 13, 2021, 07:48:03 PM
Nothing new op. Many governments have been trying to stop BTC from a long time, but they have failed repeatedly. Some of them haven't given up on trying to ban BTC while some others gave up and settled with regulating them.

History has taught us that trying to ban BTC and other popular cryptocurrencies is a pointless endeavour which is why I wouldn't worry too much about these new proposals op.


Title: Re: They will try to stop Bitcoin
Post by: mynonce on November 13, 2021, 08:11:07 PM
Nothing new op. Many governments have been trying to stop BTC from a long time, but they have failed repeatedly. Some of them haven't given up on trying to ban BTC while some others gave up and settled with regulating them.

History has taught us that trying to ban BTC and other popular cryptocurrencies is a pointless endeavour which is why I wouldn't worry too much about these new proposals op.

These publications/proposals impair Bitcoins growth, but I strongly believe that Bitcoin is 'unstopable'.


Title: Re: They will try to stop Bitcoin
Post by: Slow death on November 13, 2021, 09:25:27 PM
they won't ban bitcoin, they will find some other way that will benefit the miners and the electricity allocated to the people. I don't see reasons for not reaching agreements. It's comical when environmentalists talk about the climate, the same environmentalists use fuel cars every day to get from one place to another. the same environmentalists use airplanes, don't they know that companies that build airplanes also use electricity? Don't they know that aviation fuel is something that, to be extracted, pollutes the environment?


Title: Re: They will try to stop Bitcoin
Post by: The Cryptovator on November 14, 2021, 03:09:24 AM
It's comical when environmentalists talk about the climate, the same environmentalists use fuel cars every day to get from one place to another. the same environmentalists use airplanes, don't they know that companies that build airplanes also use electricity? Don't they know that aviation fuel is something that, to be extracted, pollutes the environment?
They know very well. But they don't like a decentralized ecosystem where they can't control everything. That's the main issue why Bitcoin haters stand against Bitcoin mining. All other sections do not have a problem those have been using renewable energy. When it's come to Bitcoin mining they raise the question.

If renewable energy is only the issue for Bitcoin mining then why they aren't interested to solve it? Isn't there a renewable energy source like hydrogen fuel? Why are they not implementing this plan? This renewable energy could use in a lot of sectors even without Bitcoin mining. But they will never do it because simply they hate decentralized cryptocurrency Bitcoin.


Title: Re: They will try to stop Bitcoin
Post by: noormcs5 on November 14, 2021, 04:30:59 AM
a small opinion of mine that will only complicate the situation, because it is not that easy to stop the role of bitcoin in the economic market which is currently increasingly difficult, because with technology methods we can have a large role in the development of bitcoin or other crypto..

How can they stop the bitcoin which is truly decentralized ? Many governments and financial institutions have tried this in the past, but they failed to stop the invention of Satoshi Nakamoto. At one side you have an inflated flat currency which is constantly losing its value. Currently bitcoin is the only currency which is a perfect replacement of drawbacks of fiat money.


Title: Re: They will try to stop Bitcoin
Post by: pooya87 on November 14, 2021, 06:15:50 AM
There's this temporary ban of crypto mining in Iran because they can't sustain the energy that's being used for their country. In result, they have to ban mining(crypto) due to the high consumption that it has.
You are about 6 months late because about 6 months ago when the country's electricity production went down for many reasons none of which had anything to do with bitcoin mining, they decided to point the finger at someone or something so they chose bitcoin mining and even that was temporary.


Title: Re: They will try to stop Bitcoin
Post by: galambo on November 14, 2021, 06:19:43 AM
a small opinion of mine that will only complicate the situation, because it is not that easy to stop the role of bitcoin in the economic market which is currently increasingly difficult, because with technology methods we can have a large role in the development of bitcoin or other crypto..

Its impossible to stop bitcoin since it is decentralized and not under a single person control. Centralized coins like BNB, USDT, XRP can be controlled or manipulated since there is organization behind them controlling there blockchain. Governments can only oppose the use of bitcoin in there area of regime, to me they can only stop bitcoin on exchanges (the centralized one) other then that there is no control over bitcoin.


Title: Re: Why are they against PoW?
Post by: worle1bm on November 14, 2021, 06:58:53 AM
People have been warning PoW was a technical dead end due to energy waste since 2013.
The Eventual PoW mining ban by every country of the earth is a foregone conclusion.
That is the phase we are entering now.

The bitcoin cults nutjobs will just scream fud like when China banned it.
But China still banned it.

Ethereum is switching to Proof of Stake, to solve their PoW problem.

China didn't ban bitcoin because of environmental concerns. They take poor care of their environment as it is.

They banned it because they fear open networks such as bitcoin. They do not like having ANYTHING that cannot be censored one way or the other.

POW is not a bug in bitcoin, but one of its most important features. Don't get it twisted.
Giving up such arguments to stop bitcoin  won't help them out as if you say you are protecting environment by banning mining then it's useless completely because china building dams and skyscrapers and digging deep in the earth is environment friendly? The exact reason is they won't let freedom prevail to the common people as they have done in the past also so what else do you expect from them.You enjoy your bitcoin.


Title: Re: They will try to stop Bitcoin
Post by: Ozero on November 14, 2021, 11:17:47 AM
a small opinion of mine that will only complicate the situation, because it is not that easy to stop the role of bitcoin in the economic market which is currently increasingly difficult, because with technology methods we can have a large role in the development of bitcoin or other crypto..

Its impossible to stop bitcoin since it is decentralized and not under a single person control. Centralized coins like BNB, USDT, XRP can be controlled or manipulated since there is organization behind them controlling there blockchain. Governments can only oppose the use of bitcoin in there area of regime, to me they can only stop bitcoin on exchanges (the centralized one) other then that there is no control over bitcoin.
Interesting reasoning you have. What will bitcoin miners do if the EU decides to ban the mining of cryptocurrency that uses the energy-consuming PoW algorithm? From the practice of a similar ban in China, we see that the share of world bitcoin mining there fell from 47 percent to zero. This is a clear answer to the question of whether the EU governments will be able to control their decision.
Sweden's appeal is quite serious in its consequences. Bitcoin could be hit first.


Title: Re: They will try to stop Bitcoin
Post by: Fortify on November 14, 2021, 11:29:18 AM
https://www.fi.se/en/published/presentations/2021/crypto-assets-are-a-threat-to-the-climate-transition--energy-intensive-mining-should-be-banned/

''We therefore call for:

1. The EU to consider an EU-level ban on the energy-intensive mining method proof of work. There are other methods for mining crypto-assets, that could also be used for Bitcoin and Ethereum, that are estimated to reduce energy consumption by 99.95% with maintained functionality.
2. Sweden to meanwhile introduce measures that halt the continued establishment of crypto-mining production using energy-intensive methods.
3. That companies who trade and invest in crypto-assets, that were mined using the proof of work method, cannot be allowed to describe or market themselves or their activities as sustainable.''

''A ban on the proof of work mining method within the EU could be an important first step in a global move towards a greater use of more energy-efficient crypto mining methods.''


This is maybe the biggest impending threat towards Bitcoin right now, if some big countries start to administer bans on the basis of high and inefficient energy usage then it could really start to go downhill. If the whole EU were to implement the ban then it is quite possible that many other countries could follow suit. It's interesting that they mention Bitcoin transitioning to renewables as being a problem, as it takes away that capacity from their "essential services" when in fact it could be causing more renewables to be installed than they might otherwise have. Any country that implements such bans has to walk a very fine line because it could backfire massively.


Title: Re: They will try to stop Bitcoin
Post by: Brus123 on November 14, 2021, 12:50:33 PM
I think that when renewable energy will be widely used even to mine Bitcoin. People will be more calm and optimistic about Bitcoin. While it is being mined consuming so much dirty energy that pollutes our environment, there are a lot of people and organisation that are against crypto, but I think that  it will become greener soon and people will change thier tune.


Title: Re: They will try to stop Bitcoin
Post by: Gosgosking on November 14, 2021, 01:01:57 PM
They will keep on trying to stop it but they can't and they will be tired and the more they try the more Bitcoin will continue to get popular more and more. There threat is not new,  it's a normal thing.


Title: Re: They will try to stop Bitcoin
Post by: Desmong on November 14, 2021, 10:23:35 PM
I still don't know why bitcoin doesn't want to cross the $80k border line. The market is doing well ranging for a long time now. Who can stop bitcoin? Nobody even government are still looking for a way to stop it but still find it difficult to stop. By the time bitcoin is going to reach $100k, those 2ho are attacking the price of bitcoin now would have come to their senses in a more understanding way.


Title: Re: They will try to stop Bitcoin
Post by: 24Kt on November 14, 2021, 10:33:11 PM
I think that when renewable energy will be widely used even to mine Bitcoin. People will be more calm and optimistic about Bitcoin. While it is being mined consuming so much dirty energy that pollutes our environment, there are a lot of people and organisation that are against crypto, but I think that  it will become greener soon and people will change thier tune.

But I am thinking that even if bitcoin will be mined by renewable energy, there will be people that will still be against with it. We will not satisfy all these people. But even then, no one can stop bitcoin. It has been proven by the fact that even if Chinese banned the total usage of crypto, they couldn't crashed the popularity of bitcoin. Instead, it keeps on reaching new heights.


Title: Re: They will try to stop Bitcoin
Post by: goldkingcoiner on November 14, 2021, 10:41:51 PM
The topic of this thread should be : "they wish they could stop Bitcoin"

As people in this thread have pointed out; if they could have stopped Bitcoin mining, they already would have. But I do agree with the fact that Bitcoin mining is bad for the environment. Not because it itself it bad for the environment, but because the energy production technologies are lacking and therefore are bad for the environment. So once we go from dirty energy production to clean energy production, mining Bitcoin will automatically not be bad for the environment.

But politicians like to point fingers at the wrong people. We know that.

Instead of wasting money on fruitless attempts on stifling Bitcoin mining, they should find better ways to produce clean energy. I for one am cheering for fusion energy.


Title: Re: They will try to stop Bitcoin
Post by: sheenshane on November 14, 2021, 10:59:05 PM
The topic of this thread should be : "they wish they could stop Bitcoin"
Much better, I tend to agree with you.

Bitcoin has a truly decentralized nature so that no one can stop, no one can change the code and overall no one can destroy this because it's virtual and only works as a number of codes in computers.  It's a fool if there's someone to think that they can stop Bitcoin, no one can stop on it even Bitcoin developers doesn't have change on it, though they can fork the result isn't a Bitcoin at the end.

Before, the reason why most countries are hated Bitcoin is that this could be the biggest threat to their financial system, but yet, there is open-minded counter leaders who are now accepting Bitcoin and making it a legal tender.


Title: Re: They will try to stop Bitcoin
Post by: mynonce on November 14, 2021, 11:22:35 PM
... or the topic could be:
The topic of this thread should be : "they wish they could stop Bitcoin"
Much better, I tend to agree with you.
Edited 1st post.


Title: Re: They will try to stop Bitcoin
Post by: ropyu1978 on November 15, 2021, 07:26:54 AM
maybe at this time all parties are trying to stop bitcoin in any way where many countries oppose bitcoin for their people, but in reality this cannot be realized because bitcoin cannot be stopped by countries in the world today, for example, what has been done by China, where they strongly oppose the circulation of bitcoin in the country, but until now it still can't be done for the bitcoin replacement process where they can only prohibit their people from adopting bitcoin but can't stop it


Title: Re: They will try to stop Bitcoin
Post by: Ozero on November 15, 2021, 10:13:03 AM
I think that when renewable energy will be widely used even to mine Bitcoin. People will be more calm and optimistic about Bitcoin. While it is being mined consuming so much dirty energy that pollutes our environment, there are a lot of people and organisation that are against crypto, but I think that  it will become greener soon and people will change thier tune.
No, it will be easier for states to completely prohibit the mining of cryptocurrency that uses the energy-consuming PoW algorithm and they will not understand whether it is used, say, when mining bitcoin, pure green energy or not. Even if miners use renewable energy sources, greenhouse gas emissions will still occur. The situation with climate change has been raised very seriously and the states will cut very hard.


Title: Re: They will try to stop Bitcoin
Post by: kotajikikox on November 15, 2021, 10:55:17 AM
I think that when renewable energy will be widely used even to mine Bitcoin. People will be more calm and optimistic about Bitcoin. While it is being mined consuming so much dirty energy that pollutes our environment, there are a lot of people and organisation that are against crypto, but I think that  it will become greener soon and people will change thier tune.
Renewable energy is what Miners need to make through so Bitcoin mining wont cost any energy from the supposedly for Houses consumption .
While there are some who use already those energy (renewable) yet only few has the option , also Solar energy is now making more option to use (as some of my friends using this to mine).


Title: Re: They will try to stop Bitcoin
Post by: lovesmayfamilis on November 15, 2021, 11:39:55 AM
Once there was a similar topic. They compared bitcoin to the wind. "Can you stop the wind?" I always say this to those people who assure me that sooner or later Bitcoin will be banned. Nevertheless, as time passes, the price becomes higher, countries are more loyal to bitcoin, those who doubted begin to rethink their attitude.
And here the question is pertinent, how can you stop the wind or bitcoin?


Title: Re: They will try to stop Bitcoin
Post by: Yamifoud on November 15, 2021, 02:58:12 PM
I think that when renewable energy will be widely used even to mine Bitcoin. People will be more calm and optimistic about Bitcoin. While it is being mined consuming so much dirty energy that pollutes our environment, there are a lot of people and organisation that are against crypto, but I think that  it will become greener soon and people will change thier tune.
I can't blame the government as they are also fair in using energy and not sacrificing the needs of others while giving prioritizing the mining industry. It was now the battling issue where to find another source of energy that could sustain the needs of this mining industry. Strict implementation of the rules makes to stop illegal mining activities and that it saves some energy as well. I think they are doing right and it wasn't mean they are trying to stop but instead, they'll find a way to become sustaining.


Title: Re: They will try to stop Bitcoin
Post by: romero121 on November 15, 2021, 04:15:02 PM
I think that when renewable energy will be widely used even to mine Bitcoin. People will be more calm and optimistic about Bitcoin. While it is being mined consuming so much dirty energy that pollutes our environment, there are a lot of people and organisation that are against crypto, but I think that  it will become greener soon and people will change thier tune.
I can't blame the government as they are also fair in using energy and not sacrificing the needs of others while giving prioritizing the mining industry. It was now the battling issue where to find another source of energy that could sustain the needs of this mining industry. Strict implementation of the rules makes to stop illegal mining activities and that it saves some energy as well. I think they are doing right and it wasn't mean they are trying to stop but instead, they'll find a way to become sustaining.
Energy generation is a big issue around the globe. Recently some countries faced the worst situation when there happened shortage of coal. In my country the coal accumulation was able to meet two days power generation, but somehow things got managed and now back to normal functioning. Same kind of power deficiency will be there. So, governments focusing on proper power management will disturb mining. But, through sustainable energy development things can be done in an efficient manner.


Title: Re: They will try to stop Bitcoin
Post by: carlfebz2 on November 15, 2021, 05:37:52 PM
Once there was a similar topic. They compared bitcoin to the wind. "Can you stop the wind?" I always say this to those people who assure me that sooner or later Bitcoin will be banned. Nevertheless, as time passes, the price becomes higher, countries are more loyal to bitcoin, those who doubted begin to rethink their attitude.
And here the question is pertinent, how can you stop the wind or bitcoin?
Demand would always be the key and that one wont really die as long this thing do exist no matter how government or someone would really tend to stop its current popularity and need in the market.

Yeah, i do somehow partake that it is like a wind which is somewhat true in terms on things on something which cant really be totally be stopped no matter how hard they do try.

It is really just depending on the demand that we are seeing now but once people is gradually changing their stance then we do see different story on here.


Title: Re: They will try to stop Bitcoin
Post by: Tumanggor on November 15, 2021, 05:43:32 PM
Once there was a similar topic. They compared bitcoin to the wind. "Can you stop the wind?" I always say this to those people who assure me that sooner or later Bitcoin will be banned. Nevertheless, as time passes, the price becomes higher, countries are more loyal to bitcoin, those who doubted begin to rethink their attitude.
And here the question is pertinent, how can you stop the wind or bitcoin?
That's really true, can they stop what they can't because bitcoin is the choice of many and very difficult to change the choice of many

even if the third world war occurs, bitcoin can't be stopped, it's already impossible to stop it

in the end when they are tired of doing useless things, then surely they will support bitcoin back "lol"


Title: Re: They will try to stop Bitcoin
Post by: DanWalker on November 15, 2021, 07:46:37 PM
I think that when renewable energy will be widely used even to mine Bitcoin. People will be more calm and optimistic about Bitcoin. While it is being mined consuming so much dirty energy that pollutes our environment, there are a lot of people and organisation that are against crypto, but I think that  it will become greener soon and people will change thier tune.
I can't blame the government as they are also fair in using energy and not sacrificing the needs of others while giving prioritizing the mining industry. It was now the battling issue where to find another source of energy that could sustain the needs of this mining industry. Strict implementation of the rules makes to stop illegal mining activities and that it saves some energy as well. I think they are doing right and it wasn't mean they are trying to stop but instead, they'll find a way to become sustaining.
Energy generation is a big issue around the globe. Recently some countries faced the worst situation when there happened shortage of coal. In my country the coal accumulation was able to meet two days power generation, but somehow things got managed and now back to normal functioning. Same kind of power deficiency will be there. So, governments focusing on proper power management will disturb mining. But, through sustainable energy development things can be done in an efficient manner.

Thousands of gamers and advertisement companies are wasting energy just for their own entertainment,
In a family where one car is enough, but most of the rich families are using a separate private car for each member of the family, So, where is your concern here!!
No one has a headache with global warming, no one has a headache with deforestation, no one has a headache with the greenhouse effect being affected day by day by the extreme use of CFC gas.
I find it very interesting and strange that nature lover people are concerned about just Bitcoin mining!!


Title: Re: They will try to stop Bitcoin
Post by: hatshepsut93 on November 15, 2021, 08:26:32 PM
A ban on mining alone would be bad, but not as bad as total ban on everything Bitcoin-related, like they did in China. Sure, it would make the network less decentralized, as the US and a few other top countries will end up with larger shares of hashrate, but at least millions of people from the most wealthy countries in the world would still be able to freely trade Bitcoin. This could even eventually lead to lifting of the ban once the adoption is high enough and there's a push for it.

But this ban is still very much hypothetical, and EU is slower to act than China, so it could take many years until such ban is implemented, if it will ever happen.


Title: Re: They will try to stop Bitcoin
Post by: TinaK on November 15, 2021, 08:30:16 PM
I think that when renewable energy will be widely used even to mine Bitcoin. People will be more calm and optimistic about Bitcoin. While it is being mined consuming so much dirty energy that pollutes our environment, there are a lot of people and organisation that are against crypto, but I think that  it will become greener soon and people will change thier tune.
I can't blame the government as they are also fair in using energy and not sacrificing the needs of others while giving prioritizing the mining industry. It was now the battling issue where to find another source of energy that could sustain the needs of this mining industry. Strict implementation of the rules makes to stop illegal mining activities and that it saves some energy as well. I think they are doing right and it wasn't mean they are trying to stop but instead, they'll find a way to become sustaining.
I remember there's news that there's a mining Bitcoin company that stealing electric supply on the subway train station, I don't remember exactly but as I remember they are stealing electricity from the government which is not good. I think you are right, government trying to be fair because there are some people abusing the capability of bitcoin that have come an anonymous those who are using this, and the reason why the government trying to find ways to stop this kind of activity. But the fact they can't because we know that no one can stop bitcoin.

For how many years we heard that there is too many organizations that anti- bitcoin but days come many countries decided bitcoin is to be a legal tender than prohibiting their people from using it which is in the way they also benefit too much.


Title: Re: Why are they against PoW?
Post by: Rufsilf on November 16, 2021, 07:14:16 AM
They just can't point fingers on other industries that harnesses similar or even greater energy and produces similar or greater wastes because it will hurt their relationship with such industries. Bitcoin and crypto mining relying on PoW are easy targets, mainly because not a lot of countries and businesses are into it just yet. I understand the sentiments of those who signed on the Paris agreement that are trying so hard to reach their pledges, but they should also look into other industries that uses large amounts of energy and produces just as much waste in the end.

Then again, the fingers are already pointed, and sure enough bitcoin and crypto will take direct hit and be persecuted harshly and might even be blamed as the number one contributor in rising temperatures.
This is just an another attack regarding the PoW of bitcoin, it's just an another approach to bring an end to bitcoin or cease it. But still bitcoin stand at the pinnacle until now, and it is became more famous and trusted amongst the literate people.
Yes bitcoin is easy to make a target because they can't sue any owner of it but it's invulnerable to any attact and the more they attack, the more it will continue to grow.
And about that issue, bitcoin miners will be using solar panels or other eco-friendly way to ensure and minimize the GHG effect.


Title: Re: They will try to stop Bitcoin
Post by: Mpamaegbu on November 16, 2021, 03:48:08 PM
No, it isn't that "They will try to stop Bitcoin" according to your topic but that they already have been doing it. The exciting part though is that they won't be able to succeed at it.

A ban on mining alone would be bad, but not as bad as total ban on everything Bitcoin-related, like they did in China.
Even with the complete ban by the Chinese government, despite her population, Bitcoin is still thriving. At the end, China will be the sore loser in all that.


Title: Re: They will try to stop Bitcoin
Post by: ven7net on November 16, 2021, 07:14:08 PM
Indeed, right now the world is in an energy crisis and many countries, including European ones, are reducing the use of energy in order to save money. Since the mining of BTC and other cryptocurrencies will require a lot of energy, the authorities of these countries are trying to ban this type of mining, but this hardly means that they are against BTC itself. Probably a way out will be found and no one will prohibit BTC. At the same time, well, we must forget that right now we are on the verge of a new flight to the moon in the crypto market, and this news may also be related to influencing the price of cryptocurrencies. All this looks like manipulation, but unfortunately it is very difficult now to accurately predict what will happen next. So all that remains is to keep your finger on the pulse and follow the news and information.


Title: Re: They will try to stop Bitcoin
Post by: jostorres on November 16, 2021, 09:43:38 PM
1. The EU to consider an EU-level ban on the energy-intensive mining method proof of work. There are other methods for mining crypto-assets, that could also be used for Bitcoin and Ethereum, that are estimated to reduce energy consumption by 99.95% with maintained functionality.
2. Sweden to meanwhile introduce measures that halt the continued establishment of crypto-mining production using energy-intensive methods.
3. That companies who trade and invest in crypto-assets, that were mined using the proof of work method, cannot be allowed to describe or market themselves or their activities as sustainable.''

''A ban on the proof of work mining method within the EU could be an important first step in a global move towards a greater use of more energy-efficient crypto mining methods.''
From what I’ve understood about this, they are not trying to ban Bitcoin, rather they are trying to stop the use of energy intensive Methods in mining cryptocurrency. But even if that is their plan, to ban Bitcoin, then this is not our first time of seeing such. What you have to know is that even if one country decides to ban cryptocurrency, there will always be many countries that wouldn’t ban it and will always be in support of it.
At the start a lot of us normally think that if China should ban Bitcoin and cryptocurrency in general that it is going to affect the whole cryptocurrency ecosystem and the community would go down.

But as time goes on, people started to understand that China is not the foundation and can never be the foundation that holds the cryptocurrency community. And when they took action and banned cryptocurrency, companies that operated in the country immediately shifted to other countries where they can function without any form of restrictions.


Title: Re: They will try to stop Bitcoin
Post by: coupable on November 16, 2021, 10:07:40 PM
Demand would always be the key and that one wont really die as long this thing do exist no matter how government or someone would really tend to stop its current popularity and need in the market.

Yeah, i do somehow partake that it is like a wind which is somewhat true in terms on things on something which cant really be totally be stopped no matter how hard they do try.

It is really just depending on the demand that we are seeing now but once people is gradually changing their stance then we do see different story on here.
The missing part in your analysis in how they can't stop the wind caused by demand, is that demand in the case of bitcoin will also consider this product not to be ignored by almost all entities in the world. I mean that the scenario of illegal stuff (has a massive demand) won't happened with bitcoin.


Title: Re: They will try to stop Bitcoin
Post by: Questat on November 16, 2021, 10:41:24 PM
No, it isn't that "They will try to stop Bitcoin" according to your topic but that they already have been doing it. The exciting part though is that they won't be able to succeed at it.

A ban on mining alone would be bad, but not as bad as total ban on everything Bitcoin-related, like they did in China.
Even with the complete ban by the Chinese government, despite her population, Bitcoin is still thriving. At the end, China will be the sore loser in all that.
Yes, they are? And the government cheats their people in a way that they never give this opportunity their people to enjoy and make a good living out of crypto. The government has their unfair decision, it is supposed they ask first to the community before implementing the ban. If that their purpose is to stop fraud, money laundering, and other illegal activities, that I think there is a way to decrease this coz this will never stop no matter what they do.


Title: Re: They will try to stop Bitcoin
Post by: Lanatsa on November 16, 2021, 11:05:24 PM
No, it isn't that "They will try to stop Bitcoin" according to your topic but that they already have been doing it. The exciting part though is that they won't be able to succeed at it.

A ban on mining alone would be bad, but not as bad as total ban on everything Bitcoin-related, like they did in China.
Even with the complete ban by the Chinese government, despite her population, Bitcoin is still thriving. At the end, China will be the sore loser in all that.
Yes, they are? And the government cheats their people in a way that they never give this opportunity their people to enjoy and make a good living out of crypto. The government has their unfair decision, it is supposed they ask first to the community before implementing the ban. If that their purpose is to stop fraud, money laundering, and other illegal activities, that I think there is a way to decrease this coz this will never stop no matter what they do.
Do you really think that government would really be allowing anytime on consulting the citizens first before making any bill or decisions on making new rules

and other things which neither could be good or bad on the entire country because every decisions made would have corresponding criticisms and
agrees on such decision.It wont really be that an assurance but they do always have the full control when it comes to this.


Title: Re: They will try to stop Bitcoin
Post by: Wipeout2097 on November 16, 2021, 11:06:14 PM
I accept they are fair attempting all thier conceivable best fair to halt bitcoin from developing which o do not think is conceivable they are searching for ways inwhich they will utilize to slaughter bitcoin but truly I accept that's not conceivable, is as of now late I do not think thier is anything they can do to slaughter bitcoin. The as it were thing I accept each government ought to do presently is fair to embrace bitcoin and discover a way to boom the economy.


Title: Re: They will try to stop Bitcoin
Post by: adzino on November 16, 2021, 11:57:17 PM
maybe at this time all parties are trying to stop bitcoin in any way where many countries oppose bitcoin for their people, but in reality this cannot be realized because bitcoin cannot be stopped by countries in the world today, for example, what has been done by China, where they strongly oppose the circulation of bitcoin in the country, but until now it still can't be done for the bitcoin replacement process where they can only prohibit their people from adopting bitcoin but can't stop it
I don't think anyone is trying to stop bitcoin. Why would they do that? They know they can stop and they know don't get anything from that. So they are trying to do something even  better. They are trying to regulate it in such a way that they somehow bring indirect control over bitcoin and other crypto currencies. This is what they really want. Things would be easier for the government if they can control it instead of trying to stop it. More easier for them to control the people.


Title: Re: They will try to stop Bitcoin
Post by: btc78 on November 17, 2021, 05:10:52 AM
I accept they are fair attempting all thier conceivable best fair to halt bitcoin from developing which o do not think is conceivable they are searching for ways inwhich they will utilize to slaughter bitcoin but truly I accept that's not conceivable, is as of now late I do not think thier is anything they can do to slaughter bitcoin. The as it were thing I accept each government ought to do presently is fair to embrace bitcoin and discover a way to boom the economy.
They will do everything but will not succeed , know why? because people like us are supporting the development and progress of Bitcoin and not just this coin but the whole cryptocurrency market.
this is the evolution of monetary in the world and no one can stop this from moving forward.
so let them do everything but we will also everything in our power to bring them down.


Title: Re: They will try to stop Bitcoin
Post by: Mamun74 on November 17, 2021, 02:50:26 PM
They Will will try to everything but they can't stop Bitcoin. Because Many people supporting bitcoin and bitched already huged development day by day.I Think bitcoin will go their rules and will be more development in future. Bitcoin price increase this year.i Think bitcoin price will be more rise in future.


Title: Re: They will try to stop Bitcoin
Post by: Oilacris on November 17, 2021, 09:59:18 PM
They Will will try to everything but they can't stop Bitcoin. Because Many people supporting bitcoin and bitched already huged development day by day.I Think bitcoin will go their rules and will be more development in future. Bitcoin price increase this year.i Think bitcoin price will be more rise in future.
They've been trying even up to these recent years because they had seen on how much recognition its been taking or getting on the entire

world when it comes to decentralization which most people do prefer but there are still who are still in concern when it comes to casual or
basic stuffs of centralization which is really a very common reaction for some people.

Goverment do sees it as a threat yet it cant be controlled nor be manipulated thats why they are really that against but there are some
which do make out some reconsiderations.


Title: Re: They will try to stop Bitcoin
Post by: dimonstration on November 17, 2021, 10:29:30 PM
Yes, they are? And the government cheats their people in a way that they never give this opportunity their people to enjoy and make a good living out of crypto. The government has their unfair decision, it is supposed they ask first to the community before implementing the ban. If that their purpose is to stop fraud, money laundering, and other illegal activities, that I think there is a way to decrease this coz this will never stop no matter what they do.
Every government have different say as some of their people uses it to cheat or scam their community while other governments plans on improving their implementation of having crypto to be used fully by their people to help them in their living. It will depend on the situation of each country but mostly many stops it as it hinder their political will or too scared that they can’t control their people’s money once they all use crypto.


Title: Re: They will try to stop Bitcoin
Post by: Hypnosis00 on November 17, 2021, 11:28:35 PM
Yes, they are? And the government cheats their people in a way that they never give this opportunity their people to enjoy and make a good living out of crypto. The government has their unfair decision, it is supposed they ask first to the community before implementing the ban. If that their purpose is to stop fraud, money laundering, and other illegal activities, that I think there is a way to decrease this coz this will never stop no matter what they do.
Every government have different say as some of their people uses it to cheat or scam their community while other governments plans on improving their implementation of having crypto to be used fully by their people to help them in their living. It will depend on the situation of each country but mostly many stops it as it hinder their political will or too scared that they can’t control their people’s money once they all use crypto.
And this gives the reason why can't make the community fully trust the government as they are believing the number 1 cheater. Their goal is not about giving the opportunity for their people to live better, in fact, that was their campaign, however, it comes to change when their money involve and makes people suffer because of their personal interests.

It can't be just a political will but this is because of greediness. And they will stop and never allow crypto to exist in their place if they can never control it nor to have the benefits.


Title: Re: They will try to stop Bitcoin
Post by: mynonce on November 17, 2021, 11:36:40 PM
... Their goal is not about giving the opportunity for their people to live better ...

Bitcoin's goal is about giving the opportunity for the people to live better ...


Title: Re: They will try to stop Bitcoin
Post by: TimeTeller on November 17, 2021, 11:42:13 PM
Yes, they are? And the government cheats their people in a way that they never give this opportunity their people to enjoy and make a good living out of crypto. The government has their unfair decision, it is supposed they ask first to the community before implementing the ban. If that their purpose is to stop fraud, money laundering, and other illegal activities, that I think there is a way to decrease this coz this will never stop no matter what they do.
Every government have different say as some of their people uses it to cheat or scam their community while other governments plans on improving their implementation of having crypto to be used fully by their people to help them in their living. It will depend on the situation of each country but mostly many stops it as it hinder their political will or too scared that they can’t control their people’s money once they all use crypto.

Indeed, every government has their own reason why they have different approach towards bitcoin.
Some are very open like El Salvador, while others are totally shutting it down like China.
You can really see the difference here by looking at these 2 countries.
However, whether countries have varying regulations towards crypto, it shows that no one can totally dictate its future.


Title: Re: They will try to stop Bitcoin
Post by: Ozero on November 18, 2021, 02:06:10 AM
They Will will try to everything but they can't stop Bitcoin. Because Many people supporting bitcoin and bitched already huged development day by day.I Think bitcoin will go their rules and will be more development in future. Bitcoin price increase this year.i Think bitcoin price will be more rise in future.
You should not indulge yourself with the thought that states will not be able to do anything with bitcoin if they wish. They have not yet tried to stop him and it would be better if they did not have such a desire. So far, there is a good reason looming to ban Bitcoin mining. But the very circulation of bitcoin is practically not threatened by anything. It may well exist with an offer of 18 million. And it will be difficult to control this process of banning mining all over the world. There are several states from third world countries where bitcoin will still be mined.


Title: Re: They will try to stop Bitcoin
Post by: BrianH on November 18, 2021, 03:24:18 AM
''They will try to stop Bitcoin''

This is not a matter of "will." They have already been trying to stop Bitcoin. This is just one of those attacks. This is in a way unique in that this is coming from another side. When Bitcoin was first attacked by these same scumbags, the attack came from the side of Bitcoin being labelled as an underground currency which is preferred by none other than the criminals. 

That attack didn't last long. Today, even the richest person on the planet and other billionaires own Bitcoin. That's why they're constantly changing attack approaches because they fail every time.
He gets it.

Crypto threat to existing banking system. US uses "only criminals use it", because the law motivates the sheople in the US. EU uses it's not green enough, because that motivates the sheople their.

The sheople are slowly waking up to the massive inflation caused by the rampant money printing and theft of people's savings through the pandemic stock market crashes worldwide and rampant money printing.

They see the deflationary currency that is BTC and they want out of the system.

The NWO won't let that happen.


Title: Re: They will try to stop Bitcoin
Post by: dzonikg28 on November 18, 2021, 05:25:37 AM
No, it isn't that "They will try to stop Bitcoin" according to your topic but that they already have been doing it. The exciting part though is that they won't be able to succeed at it.

A ban on mining alone would be bad, but not as bad as total ban on everything Bitcoin-related, like they did in China.
Even with the complete ban by the Chinese government, despite her population, Bitcoin is still thriving. At the end, China will be the sore loser in all that.
Yes, they are? And the government cheats their people in a way that they never give this opportunity their people to enjoy and make a good living out of crypto. The government has their unfair decision, it is supposed they ask first to the community before implementing the ban. If that their purpose is to stop fraud, money laundering, and other illegal activities, that I think there is a way to decrease this coz this will never stop no matter what they do.

I believe one of the primary motivations for governments to ban cryptocurrencies is not to protect people from its dangers, but to make sure that people do not have access to the same tools being used for criminal activities by the government itself. There are so many reports and documentaries about how high profile (and low profile as well) politicians are hiding their money professionally in order to evade taxes and finance evil causes, what would the world be if everyone could do that? Better ban it for the majority of people! ;)


Title: Re: They will try to stop Bitcoin
Post by: witcher_sense on November 18, 2021, 06:54:14 AM
I believe one of the primary motivations for governments to ban cryptocurrencies is not to protect people from its dangers, but to make sure that people do not have access to the same tools being used for criminal activities by the government itself. There are so many reports and documentaries about how high profile (and low profile as well) politicians are hiding their money professionally in order to evade taxes and finance evil causes, what would the world be if everyone could do that? Better ban it for the majority of people! ;)
Exactly. It looks like the primary goal of every government is not to protect the citizens living on a territory a government has managed to get control over, but rather to protect itself from internal and external enemies and to prolong its existence. The two main "problems" of bitcoin are that there is no way for a single centralized entity such as the government to control it and therefore people using it, and also it is completely transparent for an outside observer. Functioning outside the scope of influence of the government, Bitcoin is threatening the status quo, the current financial system. Paradoxically, but if the vast majority of people choose bitcoin as their primary currency, the current financial system, which is based on government-issued fiat, may collapse. Why are they afraid of a transparent financial system based on sound digital money? First, with bitcoin, they can't finance their shady activities by inflating them, and second, they can't finance shady activities secretly because bitcoin is transparent. Bitcoin keeps them constantly in check and makes their power more limited.


Title: Re: They will try to stop Bitcoin
Post by: michellee on November 18, 2021, 09:37:10 AM
They Will will try to everything but they can't stop Bitcoin. Because Many people supporting bitcoin and bitched already huged development day by day.I Think bitcoin will go their rules and will be more development in future. Bitcoin price increase this year.i Think bitcoin price will be more rise in future.
You should not indulge yourself with the thought that states will not be able to do anything with bitcoin if they wish. They have not yet tried to stop him and it would be better if they did not have such a desire. So far, there is a good reason looming to ban Bitcoin mining. But the very circulation of bitcoin is practically not threatened by anything. It may well exist with an offer of 18 million. And it will be difficult to control this process of banning mining all over the world. There are several states from third world countries where bitcoin will still be mined.
If only one or two countries prohibit bitcoin and stop bitcoin while the other countries do not do the same, bitcoin will still grow because the other countries will benefit from bitcoin. Sooner or later, the country that prohibits bitcoin will realize the bitcoin benefits and change or modify its regulations.

With the higher bitcoin price, people or government will not let it away as simple because if they do not take part inside bitcoin, they will regret it someday. The government can stop bitcoin but when bitcoin becomes bigger and gets more popular, more countries will support bitcoin.


Title: Re: They will try to stop Bitcoin
Post by: ropyu1978 on November 18, 2021, 10:05:14 AM
there are so many who try to stop bitcoin such as one example of the Chinese state which strongly opposes the circulation of bitcoin in that country where they forbid its people to adopt bitcoin, even though bitcoin is opposed by various countries but they are unable to stop the circulation of bitcoin or prohibit bitcoin from circulating in the global stock market, they can only ban the circulation but can't stop the bitcoins


Title: Re: They will try to stop Bitcoin
Post by: Shasha80 on November 18, 2021, 10:55:49 AM
there are so many who try to stop bitcoin such as one example of the Chinese state which strongly opposes the circulation of bitcoin in that country where they forbid its people to adopt bitcoin, even though bitcoin is opposed by various countries but they are unable to stop the circulation of bitcoin or prohibit bitcoin from circulating in the global stock market, they can only ban the circulation but can't stop the bitcoins

Bitcoin has proven to be very strong, even many parties have tried to stop Bitcoin always ending up failing. There have been many FUDs spread
by Bitcoin haters to stop Bitcoin, but they always fail. Although some FUD did affect the price of Bitcoin, but in the end Bitcoin managed to recover
and the price continued to rise. As long as there are people who use Bitcoin, Bitcoin can never be stopped. Especially with the performance that Bitcoin
has shown, which in a pandemic situation, Bitcoin can still grow. This is one of the reasons why more and more newcomers are investing in Bitcoin,
because it is proven that Bitcoin can be used as a source of income. There has been a lot of evidence spread on the internet that shows some
people managed to get rich after investing in Bitcoin. Although there are quite a number of benefits that Bitcoin provides for human life, it will never
be able to satisfy everyone. So there will always be those who hate Bitcoin and want to stop it, but no matter how hard they try to stop Bitcoin,
it won't work.


Title: Re: They will try to stop Bitcoin
Post by: kotajikikox on November 18, 2021, 11:29:16 AM
there are so many who try to stop bitcoin such as one example of the Chinese state which strongly opposes the circulation of bitcoin in that country where they forbid its people to adopt bitcoin, even though bitcoin is opposed by various countries but they are unable to stop the circulation of bitcoin or prohibit bitcoin from circulating in the global stock market, they can only ban the circulation but can't stop the bitcoins
China has their own crypto meaning they are hindering  bitcoin for their own benefits,
that is a bias stand ..

but the people inside does not like their policy because there are so many miners in their region.

and look after their banning , bitcoin climbed another high.


Title: Re: They will try to stop Bitcoin
Post by: Kelvinid on November 18, 2021, 01:40:17 PM
there are so many who try to stop bitcoin such as one example of the Chinese state which strongly opposes the circulation of bitcoin in that country where they forbid its people to adopt bitcoin, even though bitcoin is opposed by various countries but they are unable to stop the circulation of bitcoin or prohibit bitcoin from circulating in the global stock market, they can only ban the circulation but can't stop the bitcoins
China has their own crypto meaning they are hindering  bitcoin for their own benefits,
that is a bias stand ..

but the people inside does not like their policy because there are so many miners in their region.

and look after their banning , bitcoin climbed another high.
Crypto mining in China is quite known and of great numbers before. Apparently, their number is continuously growing until such a time that the government had to look for an opportunity to stop them ( maybe for some unidentified reason). That banning issue is the biggest challenge for their people, they are making a living to it and are suddenly just about to stop.

Well, that illegality is might be the concern of the government which urges them to regulate crypto but somehow, as to see that they are doing something more than that, they are aimed to manipulate and then take control.


Title: Re: They will try to stop Bitcoin
Post by: dzonikg28 on November 19, 2021, 08:29:30 PM
I believe one of the primary motivations for governments to ban cryptocurrencies is not to protect people from its dangers, but to make sure that people do not have access to the same tools being used for criminal activities by the government itself. There are so many reports and documentaries about how high profile (and low profile as well) politicians are hiding their money professionally in order to evade taxes and finance evil causes, what would the world be if everyone could do that? Better ban it for the majority of people! ;)
Exactly. It looks like the primary goal of every government is not to protect the citizens living on a territory a government has managed to get control over, but rather to protect itself from internal and external enemies and to prolong its existence. The two main "problems" of bitcoin are that there is no way for a single centralized entity such as the government to control it and therefore people using it, and also it is completely transparent for an outside observer. Functioning outside the scope of influence of the government, Bitcoin is threatening the status quo, the current financial system. Paradoxically, but if the vast majority of people choose bitcoin as their primary currency, the current financial system, which is based on government-issued fiat, may collapse. Why are they afraid of a transparent financial system based on sound digital money? First, with bitcoin, they can't finance their shady activities by inflating them, and second, they can't finance shady activities secretly because bitcoin is transparent. Bitcoin keeps them constantly in check and makes their power more limited.

It makes government's power more limited while extending the range of tools for financial activities for "ordinary" people. If you read Gabriel Zucman's analysis about how much money is hidden in tax paradises by the world's elites, holy shit I tell you, that is beyond imagination!

One major problem from the perspective of governments also is the fact that they can't freeze your Bitcoin accounts (assuming you are in control of your private keys and can keep them secret). They could put you into jail, but that doesn't bring them the money they might be after. Bitcoin in this regard definitely brings the world closer to a level playing field. This doesn't mean that everyone now has an opportunity to evade taxes and should use it, but the fact that tax evasion by the elites might entail a (harmful) counteraction by the "normal" people definitely helps at least a little bit to balance out power ratios. I know, we are far from a real balance here, but that is something we won't strike ever anyway for a plethora of reasons.


Title: Re: They will try to stop Bitcoin
Post by: Mahanton on November 19, 2021, 10:56:21 PM
there are so many who try to stop bitcoin such as one example of the Chinese state which strongly opposes the circulation of bitcoin in that country where they forbid its people to adopt bitcoin, even though bitcoin is opposed by various countries but they are unable to stop the circulation of bitcoin or prohibit bitcoin from circulating in the global stock market, they can only ban the circulation but can't stop the bitcoins
China has their own crypto meaning they are hindering  bitcoin for their own benefits,
that is a bias stand ..

but the people inside does not like their policy because there are so many miners in their region.

and look after their banning , bitcoin climbed another high.
Banning and prohibitions decisions made out by China isnt something new and if you've been here on this market for a while now then you wouldnt really be surprised on how things do works when it comes to fundamentals like these on which it cant really be avoided for people to think that there would be might some major or big effect on the entire market which is still not an assurance for it to happen.
Everything will really vary on demand of course but sentiments like this could neither give out some significant impact or not depending on how the community would react into it.
Stopping is something usual to happen because government does really hate decentralized things.


Title: Re: They will try to stop Bitcoin
Post by: zaesvlas on November 20, 2021, 09:03:28 AM
It is already too difficult to stop something. If they wanted to do it, I think they would have done it earlier.


Title: Re: They will try to stop Bitcoin
Post by: Taskford on November 20, 2021, 10:04:08 AM
they will always do whatever it takes to stop bitcoin, and they will not stop until their efforts succeed, they are always finding fault with bitcoin mining, I accept they stopped bitcoin to provide electricity, and create a clean environment for its citizens, but the question is why the government doesn't act fairly, because the miners of gold, coal, oil etc. why not stop, even their companies are supported by the government, such as in my country PT Lapindo which has released a lot of waste, thus destroying people's houses, but the government is silent and does not do nothing

To many attempts made by anti bitcoin from the past but nothing of them succeed and how much more right now where the adoption spreading fast across the globe for sure they will not succeed on what they plan towards this currency.

But for sure those any attempts will not succeed since one thing is for sure they are also into bitcoins and they are just spreading hate or any other reasons what you said just to paint bad bitcoins and dump it temporarily.


Title: Re: They will try to stop Bitcoin
Post by: Obito on November 20, 2021, 10:22:28 AM
there are so many who try to stop bitcoin such as one example of the Chinese state which strongly opposes the circulation of bitcoin in that country where they forbid its people to adopt bitcoin, even though bitcoin is opposed by various countries but they are unable to stop the circulation of bitcoin or prohibit bitcoin from circulating in the global stock market, they can only ban the circulation but can't stop the bitcoins
Can you give us more examples then besides China though? You said there's a lot of groups or entities that are trying to stop bitcoin pretty sure that it's not only China though. Also, I don't get how there is a global stock market involved, they are a different kind of investment market so they really can't stop bitcoin if it doesn't exist right?


Title: Re: They will try to stop Bitcoin
Post by: stadus on November 20, 2021, 12:28:15 PM
there are so many who try to stop bitcoin such as one example of the Chinese state which strongly opposes the circulation of bitcoin in that country where they forbid its people to adopt bitcoin, even though bitcoin is opposed by various countries but they are unable to stop the circulation of bitcoin or prohibit bitcoin from circulating in the global stock market, they can only ban the circulation but can't stop the bitcoins
Can you give us more examples then besides China though? You said there's a lot of groups or entities that are trying to stop bitcoin pretty sure that it's not only China though. Also, I don't get how there is a global stock market involved, they are a different kind of investment market so they really can't stop bitcoin if it doesn't exist right?

Let me answer that, I don't know if this list is still updated but there are the top 5 countries in which cryptocurrencies are banned.

1- CHINA
2-BOLIVIA
3- INDONESIA
4- TURKEY
5- EGYPT

source / https://www.news18.com/news/tech/five-countries-that-have-banned-cryptocurrencies-4233206.html


Title: Re: They will try to stop Bitcoin
Post by: chanler on November 21, 2021, 10:37:48 PM
There are some restrictions in some countries that do try to stop bitcoin. That's okay because not all countries are eligible to accept bitcoins and not everyone accepts bitcoins either. even this has happened from the start but bitcoin has proven that it deserves to be accepted and also used with its soaring value and rapid development. each country must have its own regulations to be able to accept or prohibit bitcoin for certain reasons.


Title: Re: They will try to stop Bitcoin
Post by: macson on November 21, 2021, 11:39:34 PM
It is already too difficult to stop something. If they wanted to do it, I think they would have done it earlier.
yap...they don't really want to stop bitcoin, they invest in it and try to manipulate its price with the bullshit news they create every time the value of bitcoin goes up.  they are drama makers and trying to make big profits from panic sellers.


Title: Re: They will try to stop Bitcoin
Post by: gloriamartin on November 22, 2021, 05:11:09 AM
Stopping Bitcoin would be a stupid move. It's benefiting people in many ways and will benefit them in the near future as well. Yes, the government can impose any indirect control over transactions, but internally, they can’t impose any regulation on Bitcoin.


Title: Re: They will try to stop Bitcoin
Post by: ropyu1978 on November 22, 2021, 08:49:15 AM
long ago they have said they want to stop bitcoin in their respective countries like the Chinese government which loudly and loudly rejects the circulation of bitcoin among its people where they openly do this, but they also have not succeeded in stopping bitcoin, they just can stop it by prohibiting the circulation of bitcoin for the people there but can't stop the bitcoin by prohibiting the circulation of bitcoin for the people there but can't stop the bitcoin


Title: Re: They will try to stop Bitcoin
Post by: bakasabo on November 22, 2021, 08:58:15 AM
What is this, another horror story of Bitcoin being dead? How many times people bury or tried to kill Bitcoin? I guess every quarter someone appear that "will definitely stop or ban Bitcoin". But if I open mempool, it is never empty. Isnt it a proof that Bitcoin can not be stopped ? Countries tries to ban Bitcoin, but dont succeed fully. Banking and law system tries to stop Bitcoin - we see how they fail or cryptocurrency finds a way out.


Title: Re: They will try to stop Bitcoin
Post by: bitterguy28 on November 22, 2021, 09:56:44 AM
Stopping Bitcoin would be a stupid move. It's benefiting people in many ways and will benefit them in the near future as well. Yes, the government can impose any indirect control over transactions, but internally, they can’t impose any regulation on Bitcoin.
It is indeed who benefits many people but there are part of the world that are not, specially governments and other areas that people are being hindered by decentralization and Volatility .
and that is the reason why there are still faction that wanted to stop bitcoin but it is clearly that they are failing over and over again.
it has been years and years now yet Bitcoin is alive and kicking so in the end of the road they are failure.


Title: Re: They will try to stop Bitcoin
Post by: AicecreaME on November 23, 2021, 07:37:02 AM
https://www.fi.se/en/published/presentations/2021/crypto-assets-are-a-threat-to-the-climate-transition--energy-intensive-mining-should-be-banned/

''We therefore call for:

1. The EU to consider an EU-level ban on the energy-intensive mining method proof of work. There are other methods for mining crypto-assets, that could also be used for Bitcoin and Ethereum, that are estimated to reduce energy consumption by 99.95% with maintained functionality.
2. Sweden to meanwhile introduce measures that halt the continued establishment of crypto-mining production using energy-intensive methods.
3. That companies who trade and invest in crypto-assets, that were mined using the proof of work method, cannot be allowed to describe or market themselves or their activities as sustainable.''

''A ban on the proof of work mining method within the EU could be an important first step in a global move towards a greater use of more energy-efficient crypto mining methods.''

 ???


Edit:
Changed the topic
''Why are they against PoW?''
to
''They will try to stop Bitcoin''

- that is my opinion -


... or the topic could be:
The topic of this thread should be : "they wish they could stop Bitcoin"
Much better, I tend to agree with you.


Indeed, when bitcoin has been reaching its ATH , people have so many things to say and do so that they could stop its growth. But guess what, no matter how hard someone would try to destroy bitcoin, they just can't. Bitcoin already passed the test of time. It has withstood all the bad things thrown at it years back then and was able to survive the pinning down of other countries such as China who kept on trying to bring bitcoin down by imposing banning of anything related to crypto. But instead of totally declining, bitcoin just eventually bounced back after some backslash on its end. It didn't really went downhill and reached rock bottom. It managed to stop the dump and get back on the top like it usually does. You see, bitcoin is a strong coin.

Despite the efforts of declaring bans and such, it will still continue to exist. Bitcoin requires power and energy to be mined and we all know that. Hence, bitcoin mining is often done in areas which has low electricity cost to minimize the cost efficiently and at the same time, they try as much as they can to minimize the power consumption as well. That is why there are places that has been relying now on renewable sources of energy such as using geothermal energy to power the mining of bitcoin. That way, the pollution would be lessened and the power consumption would be minimal, resulting to saving little more portion of the production cost.

Sure, there are alternative ways to mine coins and we know for a fact that miners are already doing that to effectively harvest more positive results as well. I just can't see the point why bother to complain now when it was done all these years. After all, miners are also doing their best to switch from better ways which could impact the planet in less negative manner.


Title: Re: They will try to stop Bitcoin
Post by: rodskee on November 23, 2021, 09:56:47 AM
long ago they have said they want to stop bitcoin in their respective countries like the Chinese government which loudly and loudly rejects the circulation of bitcoin among its people where they openly do this, but they also have not succeeded in stopping bitcoin, they just can stop it by prohibiting the circulation of bitcoin for the people there but can't stop the bitcoin by prohibiting the circulation of bitcoin for the people there but can't stop the bitcoin
Wrong in this, Chinese government succeeded stopping Bitcoin in their region , but not affecting the whole process because instead of Dumping the price of Bitcoin increases so much high and we can see that making another ATH right after they finally announced their Banning of Bitcoin .
It is already too difficult to stop something. If they wanted to do it, I think they would have done it earlier.
yap...they don't really want to stop bitcoin, they invest in it and try to manipulate its price with the bullshit news they create every time the value of bitcoin goes up.  they are drama makers and trying to make big profits from panic sellers.
Like what happened back in middle years of Bitcoin ? when government are making negative feeds about bitcoin so they can purchase in much cheaper value?


Title: Re: They will try to stop Bitcoin
Post by: Luzin on November 23, 2021, 11:57:50 AM
Like what happened back in middle years of Bitcoin ? when government are making negative feeds about bitcoin so they can purchase in much cheaper value?

I don't understand if this is really happening. But right now I have never heard and read clearly that any government institution buys bitcoin, except for El Salvador. All I know is it's the big crypto-backing companies that bought it. If it's about buying below it is a natural thing, because every price increase there must be a decrease. I've experienced this two times with very sharp declines.


Title: Re: They will try to stop Bitcoin
Post by: AakZaki on November 23, 2021, 07:11:30 PM
Wrong in this, Chinese government succeeded stopping Bitcoin in their region , but not affecting the whole process because instead of Dumping the price of Bitcoin increases so much high and we can see that making another ATH right after they finally announced their Banning of Bitcoin .

Currently they are no longer a country that has an influence on BTC. There are indeed many supporters and haters. But they don't know how many people have changed for the better economically. How strong the government is for now they are still difficult to stop Bitcoin. Maybe in the future they will make more stringent regulations. They will set up like stock. They will collect taxes for state income. I think this is a better solution than stopping bitcoin development. The world is growing, the government should be able to follow it, not stop it.


Title: Re: They will try to stop Bitcoin
Post by: Dannaey on November 23, 2021, 11:10:25 PM
I think this is just their way to manipulate the price. I think and I know that cryptocurrency will now be part of our life on way or another. I know the government knew that. Especially, Facebook will now change its name to Metaverse. Many companies will follow.


Title: Re: They will try to stop Bitcoin
Post by: nicolerichardson on November 25, 2021, 04:50:03 AM
Many tried to stop Bitcoin from becoming successful. It didn't work. When it comes to new technologies, there are always people who don't want them to survive. These are the same individuals who are trying to stop Bitcoins. Many countries in the world tried to stop Bitcoin and failed. Bitcoin has been accused of a lot of things. From funding terrorism to money laundering and even using it for criminal purposes, it has not stopped the people from using it.


Title: Re: They will try to stop Bitcoin
Post by: Newlifebtc on November 25, 2021, 09:06:38 AM
Many tried to stop Bitcoin from becoming successful. It didn't work. When it comes to new technologies, there are always people who don't want them to survive. These are the same individuals who are trying to stop Bitcoins. Many countries in the world tried to stop Bitcoin and failed. Bitcoin has been accused of a lot of things. From funding terrorism to money laundering and even using it for criminal purposes, it has not stopped the people from using it.
Bitcoin can not be bridged from been successful, the surviver of bitcoin come from people that invest on it with full trust and humanity abd also cryptocurrency as bitcoin is a digital currency that work alone with anyone come in control so the technology for it development is different and is secret to person that invent it only, bitcoin is unstoppable even government can not stop it


Title: Re: They will try to stop Bitcoin
Post by: Wawa2013 on November 25, 2021, 10:31:33 AM
Many tried to stop Bitcoin from becoming successful. It didn't work. When it comes to new technologies, there are always people who don't want them to survive. These are the same individuals who are trying to stop Bitcoins. Many countries in the world tried to stop Bitcoin and failed. Bitcoin has been accused of a lot of things. From funding terrorism to money laundering and even using it for criminal purposes, it has not stopped the people from using it.
Bitcoin can not be bridged from been successful, the surviver of bitcoin come from people that invest on it with full trust and humanity abd also cryptocurrency as bitcoin is a digital currency that work alone with anyone come in control so the technology for it development is different and is secret to person that invent it only, bitcoin is unstoppable even government can not stop it

There have been many attempts to stop Bitcoin, especially those who perceive Bitcoin as a threat to fiat usually often provide misleading information
about Bitcoin. Like some country leaders who say Bitcoin is widely used for illegal activities. In fact, if we think about it carefully, fiat that has been
used for a long time should be used more for illegal activities. Like China, which often spreads FUD about Bitcoin, but fails to stop Bitcoin. In fact,
many projects have been created to replace Bitcoin, until now there is not a single project that can replace Bitcoin. Bitcoin is too strong to stop,
its development is very rapid and I believe people who support Bitcoin will continue to increase.  Finally one by one the parties who oppose Bitcoin
will turn in favor of Bitcoin. Because it will be a loss if someone ignores Bitcoin.


Title: Re: They will try to stop Bitcoin
Post by: Finestream on November 26, 2021, 08:45:25 AM
they will always do whatever it takes to stop bitcoin, and they will not stop until their efforts succeed, they are always finding fault with bitcoin mining, I accept they stopped bitcoin to provide electricity, and create a clean environment for its citizens, but the question is why the government doesn't act fairly, because the miners of gold, coal, oil etc. why not stop, even their companies are supported by the government, such as in my country PT Lapindo which has released a lot of waste, thus destroying people's houses, but the government is silent and does not do nothing
We all knew already why they can't blame the large factories and minings of all sorts just like you stated. Those said companies are still standing tall until now because of the fact that they're sanctioned by the government itself. When it comes to that issue, they became deaf and blind.
But when it comes about bitcoin, they're so loud always try and try to take bitcoin down and finding some holes. Why? Because the government itself won't benefit from every transactions, even becoming a middle man of crypto is still impossible.


Title: Re: They will try to stop Bitcoin
Post by: Rufsilf on November 26, 2021, 09:51:45 AM
they will always do whatever it takes to stop bitcoin, and they will not stop until their efforts succeed, they are always finding fault with bitcoin mining, I accept they stopped bitcoin to provide electricity, and create a clean environment for its citizens, but the question is why the government doesn't act fairly, because the miners of gold, coal, oil etc. why not stop, even their companies are supported by the government, such as in my country PT Lapindo which has released a lot of waste, thus destroying people's houses, but the government is silent and does not do nothing
We all knew already why they can't blame the large factories and minings of all sorts just like you stated. Those said companies are still standing tall until now because of the fact that they're sanctioned by the government itself. When it comes to that issue, they became deaf and blind.
But when it comes about bitcoin, they're so loud always try and try to take bitcoin down and finding some holes. Why? Because the government itself won't benefit from every transactions, even becoming a middle man of crypto is still impossible.
It's because some of those government officials especially in the higher class are also investors in those said companies and we can't deny that there's some "under-the-table" exchanges in order to renew their business license and continue to operate even if it already defy some laws. This issue are in-fact real even in our country.

Bitcoin on the other hand is new to them ears and it's not beneficial to them, that's why they're finding some potholes or issue within to destroy and take down bitcoin, they also can't sue someone because there's no one who practically owns bitcoin.


Title: Re: They will try to stop Bitcoin
Post by: dark1234 on November 26, 2021, 01:39:41 PM
they will always do whatever it takes to stop bitcoin, and they will not stop until their efforts succeed, they are always finding fault with bitcoin mining, I accept they stopped bitcoin to provide electricity, and create a clean environment for its citizens, but the question is why the government doesn't act fairly, because the miners of gold, coal, oil etc. why not stop, even their companies are supported by the government, such as in my country PT Lapindo which has released a lot of waste, thus destroying people's houses, but the government is silent and does not do nothing
We all knew already why they can't blame the large factories and minings of all sorts just like you stated. Those said companies are still standing tall until now because of the fact that they're sanctioned by the government itself. When it comes to that issue, they became deaf and blind.
But when it comes about bitcoin, they're so loud always try and try to take bitcoin down and finding some holes. Why? Because the government itself won't benefit from every transactions, even becoming a middle man of crypto is still impossible.
It's because some of those government officials especially in the higher class are also investors in those said companies and we can't deny that there's some "under-the-table" exchanges in order to renew their business license and continue to operate even if it already defy some laws. This issue are in-fact real even in our country.

Bitcoin on the other hand is new to them ears and it's not beneficial to them, that's why they're finding some potholes or issue within to destroy and take down bitcoin, they also can't sue someone because there's no one who practically owns bitcoin.
in other words they look for loopholes to gain profit by attacking the other side of bitcoin and after getting it will close their eyes and ears so they can relieve their thirst but unfortunately bitcoin is not a factory and company that can be controlled


Title: Re: They will try to stop Bitcoin
Post by: mynonce on December 04, 2021, 07:10:38 PM
'Elizabeth Warren Queries Bitcoin Mining Operation, US Senator Says Crypto Miners Raise Environmental Concerns'
https://news.bitcoin.com/elizabeth-warren-queries-bitcoin-mining-operation-us-senator-says-crypto-miners-raise-environmental-concerns/ (https://news.bitcoin.com/elizabeth-warren-queries-bitcoin-mining-operation-us-senator-says-crypto-miners-raise-environmental-concerns/)


Title: Re: They will try to stop Bitcoin
Post by: Gosgosking on December 05, 2021, 04:09:52 AM
Government needs to throw away this greed of them and allow bitcoin to function open. They already know the benefit of bitcoin. I wonder why they be against what is important and beneficial to the society,  I'm sure some of them are into crypto secretly.


Title: Re: They will try to stop Bitcoin
Post by: Olayinka2225 on December 10, 2021, 05:18:11 AM
I think at this stage, no one can stop bitcoin again, it has come to stay and it is going to stay with us forever. It has become part of us already. Elsavador as a country bass adopted bitcoin, so what else


Title: Re: They will try to stop Bitcoin
Post by: Argoo on December 10, 2021, 06:55:01 AM
It is possible that the states of the European Union may, at the request of the Swedish regulatory authorities, decide to ban the mining of those cryptocurrencies that use an energy-consuming proof-of-work algorithm. In any case, the states at the last summit of the G20 countries pledged to dramatically reduce greenhouse gas emissions due to the rapid global climate change on our planet. Considering that states in general do not support cryptocurrency, they will not lose anything because of such a decision.


Title: Re: They will try to stop Bitcoin
Post by: Nutrient on December 10, 2021, 07:01:53 AM
PoW was due to energy waste. Also China’s reason for banning Bitcoin has nothing to do with protecting the environment from harm. They should actually focus on the proper supply of energy.


Title: Re: They will try to stop Bitcoin
Post by: Reatim on December 10, 2021, 07:06:13 AM



... or the topic could be:
The topic of this thread should be : "they wish they could stop Bitcoin"
Much better, I tend to agree with you.

Let them do anything in their power because those who trust bitcoin and support it are more powerful than them because their capacity is limited while we as users is unlimited.
all the people in the world will act one in the future to support this market fully while they are still having problems in stopping bitcoin to progress.
i will continue the support and the using until adoption worldwide will come.


Title: Re: They will try to stop Bitcoin
Post by: mynonce on February 24, 2022, 02:36:01 AM
EU on Track to Ban Bitcoin: Report

'Bitcoin will be banned in the EU starting from 2025 if the Commission and the Council of the EU don’t ditch a crippling amendment to the MiCA framework'

source: https://u.today/eu-on-track-to-ban-bitcoin-report (https://u.today/eu-on-track-to-ban-bitcoin-report)


Title: Re: They will try to stop Bitcoin
Post by: Rinderpest on February 28, 2022, 06:35:47 AM
In the final draft of the MICA framework, the much anticipated cryptocurrency regulation also includes a provision forbidding the environmentally unsustainable consensus mechanism.


Title: Re: They will try to stop Bitcoin
Post by: nur rochid on February 28, 2022, 08:34:10 AM



... or the topic could be:
The topic of this thread should be : "they wish they could stop Bitcoin"
Much better, I tend to agree with you.

Let them do anything in their power because those who trust bitcoin and support it are more powerful than them because their capacity is limited while we as users is unlimited.
all the people in the world will act one in the future to support this market fully while they are still having problems in stopping bitcoin to progress.
i will continue the support and the using until adoption worldwide will come.

Maybe not for now, but the development of the era will bring Bitcoin can be adopted by all countries, considering that currently Fiat is still relevant to the current conditions, according to the government. With its decentralization, the government is afraid of losing its control if legalizing Bitcoin. No matter how strong it prevents Bitcoin, but in fact until now the development of Bitcoin is actually unexpected as we saw in 2021 yesterday


Title: Re: They will try to stop Bitcoin
Post by: btcjoe99 on February 28, 2022, 09:34:30 AM
I like the view on Glasschain for this purpose. https://glasschain.org/Bitcoin-Footprint

check out the energy consumption. but then again, its only bad because of the amount of transactions it actually processes.

who will pay for it when block rewards get smaller than fees. the output spenders


Title: Re: They will try to stop Bitcoin
Post by: Mahanton on February 28, 2022, 10:34:08 PM



... or the topic could be:
The topic of this thread should be : "they wish they could stop Bitcoin"
Much better, I tend to agree with you.

Let them do anything in their power because those who trust bitcoin and support it are more powerful than them because their capacity is limited while we as users is unlimited.
all the people in the world will act one in the future to support this market fully while they are still having problems in stopping bitcoin to progress.
i will continue the support and the using until adoption worldwide will come.

Maybe not for now, but the development of the era will bring Bitcoin can be adopted by all countries, considering that currently Fiat is still relevant to the current conditions, according to the government. With its decentralization, the government is afraid of losing its control if legalizing Bitcoin. No matter how strong it prevents Bitcoin, but in fact until now the development of Bitcoin is actually unexpected as we saw in 2021 yesterday
Adoption is on the move and its recognition thats why it couldnt be stopped nor inevitable but we know that fiat would still remain no matter what and bitcoin or crypto would remain as an
alternative.There's no way that it could replaced out those traditional things that we've been using through ages. Stopping is there but they couldnt done it technically thats why they do
put out their efforts on regulating everything which is attached to it via those platforms and services.


Title: Re: They will try to stop Bitcoin
Post by: Viscore on March 01, 2022, 06:59:50 AM
PoW was due to energy waste. Also China’s reason for banning Bitcoin has nothing to do with protecting the environment from harm. They should actually focus on the proper supply of energy.
It is not about energy consumption but the revenue. Government want to tax. Since they cannot able to control it, they rather choose to ban bitcoin. Even if several countries like (China, EU etc.) will merge, it is practically impossible to stop, because bitcoin is now too big. It gets harder and harder for anyone to control or stop it.

Let the government do what they want, but it would not stop people from using bitcoin..


Title: Re: They will try to stop Bitcoin
Post by: AakZaki on March 02, 2022, 03:05:56 AM
As long as there is a demand for something, people will find a way to supply that demand, be it legally or illegally. Bitcoin are going to be a lot harder to stop, they cant unless their going to shutdown the internet. It is decentralized, meaning it belongs to everyone and no one.
If by turning off the internet, of course not only bitcoin will stop, but all transactions will stop. Bitcoin is getting stronger and becoming a digital asset that cannot be stopped easily. We are part of a group that supports bitcoin and we all make big bitcoins. the pros and cons of bitcoin will continue to exist. But no one will be able to stop bitcoin, bitcoin is not regulated by anyone even if it's the government. They can only issue regulations or rules for the use of bitcoin.


Title: Re: They will try to stop Bitcoin
Post by: Rockstarguy on March 02, 2022, 01:39:40 PM
As long as there is a demand for something, people will find a way to supply that demand, be it legally or illegally. Bitcoin are going to be a lot harder to stop, they cant unless their going to shutdown the internet. It is decentralized, meaning it belongs to everyone and no one.
If by turning off the internet, of course not only bitcoin will stop, but all transactions will stop. Bitcoin is getting stronger and becoming a digital asset that cannot be stopped easily. We are part of a group that supports bitcoin and we all make big bitcoins. the pros and cons of bitcoin will continue to exist. But no one will be able to stop bitcoin, bitcoin is not regulated by anyone even if it's the government. They can only issue regulations or rules for the use of bitcoin.

Turning off the network is not possible and if it is possible it will not only affect bitcoin. Turning off the network cam also affect the banking system and the transactions of fìat .  If they have the power to stop bitcoin they would have done it since even before now, at this point where bitcoin has gotten to nothing can be done to stop it.


Title: Re: They will try to stop Bitcoin
Post by: so98nn on March 02, 2022, 02:49:03 PM
That's rude. How they plan on compensating the miners who have created huge mining farms across the globe? Does EU considers how much they might have invested in setting up those farms! The cost is huge and if they suddenly bans such activity what and where would they do and go??

Come on EU, you can plot better plans for the future man.

Edit.

Moreover, if there is any other way to do proof of work then please enlighten us with the same and they would be happy to do so.


Title: Re: They will try to stop Bitcoin
Post by: LegendaryK on March 03, 2022, 05:47:13 AM
Edit:
Changed the topic
''Why are they against PoW?''
to
''They will try to stop Bitcoin''


They are against PoW because the energy resources of a given country is limited.
PoW mining energy needs grow at geometric increases, multiple of times greater than these countries ability to increase their power production.
Therefore they have to ban PoW mining to protect their power grids from collapse.
They really have no choice , for if their power grid collapses they will be in the stone age for 3 years or longer.
The death toll from no electricity would be insane.

They don't care about bitcoin, it is the PoW mining alone that is the issue.
Ethereum is bypassing the issue by converting to PoS.

Bitcoin does not have to convert to PoS, but they are going to have to do something to quit putting the power grids at risk of failure.
Otherwise their will be a worldwide PoW mining ban, odds are before 2030.


Title: Re: Why are they against PoW?
Post by: TheNineClub on March 03, 2022, 05:58:49 AM
They just can't point fingers on other industries that harnesses similar or even greater energy and produces similar or greater wastes because it will hurt their relationship with such industries. Bitcoin and crypto mining relying on PoW are easy targets, mainly because not a lot of countries and businesses are into it just yet. I understand the sentiments of those who signed on the Paris agreement that are trying so hard to reach their pledges, but they should also look into other industries that uses large amounts of energy and produces just as much waste in the end.

Then again, the fingers are already pointed, and sure enough bitcoin and crypto will take direct hit and be persecuted harshly and might even be blamed as the number one contributor in rising temperatures.

Pointing fingers at other waste-producing and environment-harming industries is just whataboutism. That doesn't mean crypto should be off the hook or is right. Those issues need to be tackled head-on and that's the only way crypto can move forward in its adoption and recognition in the modern global economy. So crypto (in general) should not be pointing fingers at other industries, but rather cleaning up its own issues without the concern if someone is doing it on their side. And steps have been made, it's a different story from when it started.


Title: Re: They will try to stop Bitcoin
Post by: fzkto on March 03, 2022, 06:11:02 AM
Maybe it's just gossip? Usually such news is amplified when the market is down or at the bottom. Manipulators take advantage of this in an attempt to buy cheap coins. Then it will turn out that bitcoin is not that bad for the environment and the asset will rise again. It should be noted that bitcoin was around its peak in November. That's when it started to fall.


Title: Re: They will try to stop Bitcoin
Post by: luckyrichh on March 03, 2022, 08:18:21 AM
There is nothing to stop him...He will crush everything in his path.


Title: Re: They will try to stop Bitcoin
Post by: Chato1977 on March 03, 2022, 08:42:18 AM
Maybe it's just gossip? Usually such news is amplified when the market is down or at the bottom. Manipulators take advantage of this in an attempt to buy cheap coins. Then it will turn out that bitcoin is not that bad for the environment and the asset will rise again. It should be noted that bitcoin was around its peak in November. That's when it started to fall.
Indeed as the timing of the News comes out when the price last year starts to subside but eventually made another ATH and again and again.

There is nothing to stop him...He will crush everything in his path.

How be so sure?  can crush everything in his path?


Title: Re: They will try to stop Bitcoin
Post by: DU18 on March 03, 2022, 10:10:14 AM
Until now I don't understand why there are people who hate bitcoin so much, it has been proven that there are many things and economic activities related to cryptocurrencies, even during the pandemic many people were helped by getting profit on cryptocurrencies, but I believe that a strong community will make bitcoin even more shine.
Fear of the widespread development of bitcoin is one reason people hate bitcoin, so far I have seen that only financial institutions such as the central bank continue to take action against bitcoin, of course their fear of being replaced fiat money by bitcoin is an illogical reason according in my opinion, In fact, if bitcoin continues to grow, of course later fiat money and bitcoin can go hand in hand in helping the economy of a country, but it seems that the central bank is too short-sighted in thinking.


Title: Re: Why are they against PoW?
Post by: Emitdama on March 03, 2022, 10:23:26 AM
Pointing fingers at other waste-producing and environment-harming industries is just whataboutism. That doesn't mean crypto should be off the hook or is right. Those issues need to be tackled head-on and that's the only way crypto can move forward in its adoption and recognition in the modern global economy. So crypto (in general) should not be pointing fingers at other industries, but rather cleaning up its own issues without the concern if someone is doing it on their side. And steps have been made, it's a different story from when it started.
Yeah they are just diverting the issue to something or to someone else but no matter what, cryptos adoption are still taking place. No one can stop this whatever reasons they make. Crypto cannot point fingers to others because it cant talk but it was the crypto users that did it. They only did that for purpose or to counter someone that says crypto are not good for the environment.

We cannot just say that crypto must clean up is own mess because it didn't create any mess in the first place. It was the mind of those crypto haters that are in mess because they keep on pushing that crypto has its issues. Also some cryptos like bitcoin are I think cant be changed already to make it more greener.


Title: Re: They will try to stop Bitcoin
Post by: Maestro75 on March 03, 2022, 12:19:47 PM
https://www.fi.se/en/published/presentations/2021/crypto-assets-are-a-threat-to-the-climate-transition--energy-intensive-mining-should-be-banned/

EU is now making a change to its hatred for bitcoin and throwing away the bitcoin ban draft. The story can be seen in the more recent article below. https://decrypt.co/94157/eu-lawmakers-drop-bitcoin-ban-draft-crypto-regulations times are changing very fast and more institutions are starting to see why bitcoin should not be made illegal.


Title: Re: They will try to stop Bitcoin
Post by: AakZaki on March 04, 2022, 03:14:59 PM
Turning off the network is not possible and if it is possible it will not only affect bitcoin. Turning off the network cam also affect the banking system and the transactions of fìat .  If they have the power to stop bitcoin they would have done it since even before now, at this point where bitcoin has gotten to nothing can be done to stop it.
actually they (the government) have the power to be able to stem bitcoin. But the effects that occur will certainly harm them too. Groups that are pro with bitcoin will carry out various kinds of demonstrations and rebellions regarding the prohibition and termination of bitcoin if that happens.
Bitcoin is now a valuable digital asset, the government should also use it to get more benefits with some updated regulations such as taxes imposed on crypto users or crypto exchanges in their countries.