WHY A BITCOIN BAN IN THE EU IS LIKELY… AND STUPID• https://bitcoinmagazine.com by GUGLIELMO CECERO
Bitcoin is under attack. It is increasingly seen as a "dirty currency." Elon Musk's Tesla, Wikipedia, Greenpeace and other organizations have stopped accepting BTC for their products or as a means to donate money.
Musk, who is not only one of the richest but also one of the most controversial people on this planet, has said: "Cryptocurrency is a good idea on many levels, and we believe it has a promising future, but this cannot come at great cost to the environment." Ouch.
And it's not just Musk. Politicians have also taken aim at Bitcoin.
Before the European Commission's Markets in Crypto-Asset Regulation (MiCA) regulation was passed, it caused quite a stir within the Bitcoin community, especially due to the left-wing factions of the EU Parliament that were opposed to proof of work (PoW) and the power consumption of the Bitcoin network. In the trilogue, a version of MiCA was finally passed that did not ban PoW or mining.