1/ What a Tragedy for 🇪🇺 🚨🚨 one more 🧵

The @Europarl_EN has therefore decided to turn #Europe into the next generation #Leviathan. Makes me wonder if Thomas Hobbes was a #scifi author more than a philosopher ! 2/ Beyond the inevitable decrease in competitiveness for the European digital asset ecosystem - this decision is much more serious, calling into question the very freedom and privacy 🕵️‍♀️ of #European citizens if enacted in law.

The proposal to ban PoW protocols like #Bitcoin and in the #MiCa bill is more than just bad news. It is a thoughtless, uninspired proposal that does not reflect the realities and the future of the industry.

A long 🧵 (1/23) - All credits to our @CoinSharesCo research team. #ESG is the keyword and E is the letter. Literature around the topic is poor and uninformed. Hence, @CoinSharesCo developed a comprehensive model to estimate emissions and created our own data collection framework. Results are published in our last #Bitcoin mining report. (2/23)