"Behind closed doors, EU officials talk about banning Bitcoin"

[JoyMarsha]

The EU gat nothing else to talk about. Whenever I read news about how they portray bitcoin to the world, I laugh at the biased mindset. The EU is just finding ways to destroy bitcoin long ago. They are not happy with how far bitcoin has gone, they needed a system of controlling all the financial systems of the world, which bitcoin doesn't fall among. It annoys them most that bitcoin can't be controlled, that's why they are fighting hard to destroy its legality

[barbara44]

There is no way ALL of EU officials could be thinking the same thing. That’s literally the headline gone the drain with just one small sentence. If you believe that people from all over Europe all think the same and they all want to jointly stop bitcoin then you are wrong because never in history of the world, have we seen all nations of Europe give the same exact decision all together.

We are going to end up seeing them do the right thing and do the wrong thing as well but they will never do it all together. Bitcoin could be maybe banned from certain nations but that will only make other nations support it even harder because they just like to do opposite of each other's actions.

[bittraffic]

There is no way ALL of EU officials could be thinking the same thing. That’s literally the headline gone the drain with just one small sentence. If you believe that people from all over Europe all think the same and they all want to jointly stop bitcoin then you are wrong because never in history of the world, have we seen all nations of Europe give the same exact decision all together.

We are going to end up seeing them do the right thing and do the wrong thing as well but they will never do it all together. Bitcoin could be maybe banned from certain nations but that will only make other nations support it even harder because they just like to do opposite of each other's actions.

Even if they all think that way, all they could do is talk and ban while Bitcoin will live. They would rather be mining like El Salvador is doing than ban BTC because their economy will be left behind if they totally ban BTC and half of the world moves forward with it. I don't think US or Asia will follow the same when even several states are already competing to become a crypto hub.

[Pmalek]

Somehow after reading this piece I have a bad feeling. It's a different kind of feeling compared to the usual FUD and silly attempts and opinions we see by those in power. The truth doesn't matter. If they get enough scumbags to pursue this dream of their... who knows what can happen. If you read the article, you would see that no one mentioned that it would be desirable to have miners who use fossil fuels switch to cleaner energy sources. Wouldn't that be proof of caring about the environment? Compare it with old diesel cars in Germany. There isn't an outright ban on all cars, just those below the EURO 5 or EURO 6 standard.

If their goal is reduce emissions from fossil fuels, make it more affordable to acquire green energy. But that's not going to happen.
They need to get enough support from the biggest mining centre (the US) to be able to drastically change anything. I doubt and hope they won't.

[Gyfts]

Climate change hippies wanting to ban crypto currencies to save the environment. Sounds about right. They might even have climate change related summits to discuss banning crypto, while taking their private jets across the globe to attend.

[kryptqnick]

People can talk about many things behind the closed doors, but there has to be a majority support in the parliament to impose an actual ban on Bitcoin. Also, if they don't like it because it's proof-of-work, they could just ban Bitcoin mining, which is a smaller move but still significant. I think that prior to banning, a serious thing like EU would order an investigation of the effects of crypto mining and transaction confirmation, assess the impact as well as the potential outflows of funds if EU becomes very unfriendly toward cryptos. Overall, I don't think it's worrisome at this level.

[Fortify]

You know the drill — waste of energy etc etc nothing new. Just thought I'd post this here because of this specific quote:

"If Ethereum is able to shift, we could legitimately request the same from BTC. We need to “protect” other crypto coins that are sustainable. Don’t see need to “protect” the bitcoin community."

Just something to laugh at.

It's a valid concern and you may laugh but these people hold the real power in the world, so you better be listening to their concerns. Europe is a power hungry continent and the war started by Russia on Ukraine has the potential to cause all sorts of problems to supplies - either Europe trying to stop imports or Russia stopping them in order to apply pressure (even if it would cost them huge amounts financially). At that point all energy will skyrocket and anything that is not critical to industry or keeping peoples home life intact will become surplus. Miners will become on of the first casualties because the job they do (validating transactions) can simply be completed by existing payment networks in a far more efficient manner, even if it is centralized.