The EU parliament isn't exactly known for it's brain power or up to date knowledge regarding IT or other technical criteria, but that doesn't stop them trying to dictate 450 million people on what they can and can not do behind their PC while on the world wide web. Just last week, there was a vote in Brussels in which people deciding on the internet freedom of 450 million people, actually almost took a leap towards totalitarianism and a first step towards banning all POW cryptocurrencies in all nations that are a member state of the European Union. Yes, all this actually happened and got little to no coverage or attention whatsoever. The pathetically transparent argument being used here is that it's not meant to ban them, but "force PoW cryptocurrencies to move to more environmentally friendly mining". I'm too tired to look up who supported this narrative and what their stance is on environmentally friendly energy, but something tells me these are the same people that watched Germany restarting old coal mines this year and France now building new LNG ports to import the worst possible gas coming in on tankers from across the Atlantic to the EU and were like "meh".
"The proposal could have forced PoW cryptocurrencies to move to more environmentally friendly mining....If the members had voted to adopt the new rules it would require bitcoin and other cryptocurrencies to phase out PoW and switch to methods like proof-of-stake."
The most revolting part is that this specific segment was just added one week before the vote took place, yeah, that's how these political filth operate. But ultimately the voting didn't go their way as 32 voted against the proposal, but it's still very worrisome that 24 votes went in favor of a proposal which would de facto allow a ban on Bitcoin in all of the EU. One can't help but wonder if all 24 votes were actually aware of the last minute changes🤔
But wait, there's more. Yes the saga continues as they've now re-re-edited the proposal and now excluded the last minute adjustments in the proposal. It will go up for a vote again in the near future. Berger, a German EU parliament member said he's "optimistic that this proposal will be approved by the Commission and the Council".
That's pretty much it for today I guess, slow Bitcoin news day, but the market seems to be doing good though and finally pushing back towards the 50.000 level. Related or coincidence? You be the judge😁🧑⚖️