If you are a #Bitcoin miner, don’t abandon this propaganda. Help us, end-users and human rights activists to defend bitcoin on the ongoing attack on PoW in the #EU.
One of the goals of the EU bodies, particularly the European Central Bank (#ECB), for such an approach is to use “a policy tool that disincentivises investing in such assets from the outset and prevents the build-up of transition risk through crypto-assets in the banking system” until 2025.
As end-users of Bitcoin for fundraising and payment instruments, Open Dialogue Foundation concerns that such a policy would directly affect both us and the Bitcoin industry, which services we and other activists use. Especially because the European Commission wants to “collaborate internationally with different standardisation bodies to develop the energy-efficiency label” for PoW:
“States shall implement targeted and proportionate measures to lower, and must be ready to stop, the electricity consumption of crypto-asset miners, in line with the proposed Council Regulation on an emergency intervention to address high energy prices.”
We need to do educational advocacy - over 200 face to face meetings with MPs and regulators so they can learn and ask questions from bitcoin miners they never ask in public. Just as we did thanks to obi (npub1kp7…487l) brockm (npub1hyq…k7cp) and jack (npub1sg6…f63m) last years with #MiCA and #AML Regulations.
We need to be able to defend our rights to use Bitcoin in a legal way. So far it seems that the fight in the EU for Bitcoin is more important for activists than for bitcoiners, because everyone is excited about Bitcoin ETFs in the US, or believes that the market will solve the problem in the EU/move to other jurisdictions, or just doesn't believe in engaging with politicians to educate them. 😔
And I understand and respect all of that arguments, but we as human rights defenders have no place to move and we operate there, in the EU. 🙏
We need your support.
Now, before it is too late.
