Europe is going against PoW and just because they failed to have it banned this time does not mean they will not succeed in the coming years.
Europe is not the European Union. Furthermore, they've also tried to ban Bitcoin with the alibi that it helps criminals. They'll always step on a supposedly validly-sounded argument to control you!
They don't care about the environment; their harmful activities can prove it. They don't care if 1% of the users use it for illicit activity; they want to control that 99%. It's the same reason why Binance, Coinbase etc., require KYC. They don't care for those few who'll avoid taxes; there are no studies that reveal tax avoidance reduce due to KYC requirements. They do it
to control you.
ago.
Well lets not argue semantics, but yes I meant the European Union, not all of Europe it itself. I am well aware of their BS excuses and political emotional propaganda that they use to get what they want. Its poltiics, baby.
I completely agree with what you are saying, especially about KYC, which is the enemy of decentralisation and the very idea behind Bitcoin itself. And we should fight it. But that does not mean they are not going to manipulate the masses until they get what they want.
Mining is a centralised effort which can be attacked.
From my perspective its only a matter of time.