Banning Bitcoin Would Be Trillion Dollar Mistake, Says Michael Saylor - BitcoinEthereumNews.com
Alex Dovbnya MicroStrategy CEO Michael Saylor has cautioned EU lawmakers against baning Bitcoin ในทวีตล่าสุด ไมเคิลเซย์เลอร์, chief executive officer of business intelligence firm MicroStrategy, has weighed in on the most recent version of the European Unions cryptocurrency bill, which aims to limit the use of the proof-of-work consensus mechanism. Saylor described the initiative as “a trillion-dollar mistake,” chaneling other prominent members of the cryptocurrency industry who have spoken out against the damning provision. As reported by U.Today, the last-minute fix intended to restrict proof-of-work cryptocurrencies within the EU after the previous amendment was scrapped due to backlash. Despite the softer language, analysts concluded that it would still have a devastating impact on the cryptocurrency industry within the industry. EU lawmakers are scheduled to vote on the bill on Monday after months of debates. The potential ban would give preferential treatment to proof-of-stake and other consensus algorithms that typically boast their green cred. Yet, Saylor notes that all non-energy-based cryptocurrencies must be deemed to be unregistered securities by the regulator. MicroStrategy has acquired over 125,051 Bitcoins that are worth roughly $4.8 billion at press time. The Tysons, Virginia-based company is the flagship cryptocurrencys biggest corporate holder by a large margin. The debate rages on Saylor‘s recent comments about Bitcoin acting like