Proposal Limiting Proof-of-Work Is Rejected in EU Parliament Committee Vote

required all cryptocurrencies to be subject to the EU’s “minimum environmental sustainability standards with respect to their consensus mechanism.”

A slim majority of the monetary committee voted in favor of a compromise that calls on the European Commission, the EU’s executive arm responsible for proposing new legislation, to offer alternative regulation:

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iamsandali Just make btc mining machine less power consumption.

iamsandali JUST IN: BTC don't give a fuck what these idiots thinks or say!

iamsandali 'could have forced ... [bitcoin]... ' That's not how it works, sweetie.

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iamsandali To force bitcoin. That's Twitter, there is an editor that approves that on crypto focused news company

iamsandali Thank God there's still some common sense in the EU.

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BarrySilbert iamsandali Lmfao. Bitcoin is the honey badger, and honey badger DON'T GIVE A SHIT! Up yours, Mr. Politician

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iamsandali The $^&? PoS is provably less secure than PoW in current iterations. It would also be more 'environmentally friendly' to move Bitcoin consensus to AWS, that doesn't mean it's wise to do.

iamsandali Great news.

iamsandali This proposal just shows what little understanding they have, Bitcoin will not change how it works because a government passes a law against pow mining. The best they can due is ban their citizens from mining and even that would be difficult to enforce.

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Limiting Proof-of-Work Crypto Back on the Table as EU Parliament Prepares Virtual Currencies VoteA provision that could force proof-of-work crypto like bitcoin to switch to more environmentally sustainable consensus mechanisms has made it into a draft of the EU’s proposed crypto legislation ahead of a parliamentary vote on Monday. iamsandali iamsandali EU bureaucrats 'force' EU into reduced prosperity - as always. iamsandali People seem to have forgotten that Bitcoin hit $65k in mid 2021 and went all the way back down to $28k in the summer before coming back above $65k again Y’all follow rawkz_t She’s a super underrated Bitcoiner who have been following her tweets and tip closely Follow her!! iamsandali Thank you for giving this the very much needed attention. I also just posted about this on LinkedIn I personally do not think this is getting the right traction.
Source: CoinDesk - 🏆 291. / 63 Read more »

New amendments on EU crypto legislation put forward that could limit proof-of-work cryptocurrenciesLanguage regarding proof-of-work cryptocurrencies has once again been added to a proposed legislative framework set to be voted by a European Parliament committee on Monday, sparking a new round of controversy. Devs can solve this Dun care about EU. Too tiny Old news son
Source: TheBlock__ - 🏆 464. / 53 Read more »

Bitcoin Ban Makes Its Way Back Into EU Crypto BillThe EU has moved forward with the plan to limit the use of proof-of-work cryptocurrencies after scrapping the initial anti-Bitcoin provision
Source: Utoday_en - 🏆 295. / 63 Read more »

Bitcoin-Banning Measure Seen Too Close to Call in Tomorrow's EU Parliament VoteStill, people familiar with the matter said a slim majority of parliamentarians could defeat a controversial new MiCA provision that seeks to force proof-of-work cryptocurrencies to shift to more energy-friendly consensus mechanisms. iamsandali iamsandali Anyone who needs money, I will send you whatever amount you want just follow me iamsandali We have something special for you! 💯👇💯👇💯 GO ࠛࠛ ࠛࠛ
Source: CoinDesk - 🏆 291. / 63 Read more »