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13 May 2021

Moritz Schmidt Hopes BTC Gets Banned in the Future | Live Bitcoin News

Moritz Schmidt Hopes BTC Gets Banned in the Future | Live Bitcoin News


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Moritz Schmidt recently donated more than one million euros to Europe’s Green Party in the hope that they will become powerful enough to ban bitcoin and crypto mining in the future.

He says he found out how much energy bitcoin mining consumed, and this knowledge filled him with fear and concern.

Being an energy hog is built into the bitcoin system… I do not think regulation will do anything unless it crashes the price down to levels that make bitcoin uninteresting as an asset and unusable as a global currency.

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Why Fiat Experts Don’t Get Bitcoin
published: 1 hour ago
There are various reasons traditional experts do not understand bitcoin and thus have negative views on it.

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