Niels LEERENTVELD on Nostr: The current threat to Bitcoin and proof of work from the EU, bureaucrats, and ...
The current threat to Bitcoin and proof of work from the EU, bureaucrats, and regulators stems from three main lines of attack.
The first is the perception of Bitcoin as a tool for money laundering and terrorism financing.
The second and third lines of attack are related to energy security and environmental sustainability, with the European Commission viewing proof of work as an energy-wasting mechanism and an outdated consensus mechanism harmful to the environment. #podcast #PoW
Stephan Livera Podcast 542 with Lyudmyla Kozlovska and Bota Jardemalie: https://share.snipd.com/snip/944ec671-e97c-431b-8b1c-6cfc56b5adaa
The first is the perception of Bitcoin as a tool for money laundering and terrorism financing.
The second and third lines of attack are related to energy security and environmental sustainability, with the European Commission viewing proof of work as an energy-wasting mechanism and an outdated consensus mechanism harmful to the environment. #podcast #PoW
Stephan Livera Podcast 542 with Lyudmyla Kozlovska and Bota Jardemalie: https://share.snipd.com/snip/944ec671-e97c-431b-8b1c-6cfc56b5adaa