Apparently the European Parliament is set to agree on a proposal for "cryptocurrency regulations" that would target Proof of Work, the consensus mechanism that makes Bitcoin operational. I must admit my grasp on the current political landscape of the European Union is a bit weak compared to the days when I had a professional duty to track Mario "whatever it takes" Draghi and the political landscape of the region, but I feel confident enough to put forth that the European Parliament may be bold enough and stupid enough to attempt to ban Proof of Work throughout the European Union in an effort to appease the growing ESG movement. The EU wants to outlaw proof of work (i.e. bitcoin) https://t.co/iJUNxXvvQ2 — Bitcoin Helena (@GKBoris) July 8, 2021 This news was dropped last week, so I'm assuming we'll get some clarity on the final proposal at some point this week or next. Regardless of the final form of this proposal, the fact that so many ignorant individuals i...