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Saturday, January 29, 2022

Bitcoin Is Sustainable Money Europe

Recently we have been tragically exposed to a thought process of one Eero Heinäluoma, a Socialist member of the European Parliament. While it doesn’t seem like there’s actually any proposal to ban bitcoin mining at this moment, it’s safe to assume that such a proposal is just a matter of time.

The War On Reality

The brilliant idea of Mr. Heinäluoma is to “stop the use of the underlying technology” of Bitcoin, meaning banning proof-of-work. This misinformed stance is of course followed by a call for cryptocurrencies to move to a more “climate friendly” consensus in the form of proof-of-stake.

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