Bitcoin In Danger: European Commission’s Methodology Threatens EU Mining Ban

Summary

The European Commission is being criticized by the crypto community for its proposed methodology to assess the environmental impact of Bitcoin. Daniel Batten, co-founder of CH4 Capital, argues that the metrics used by the EC are flawed and ignore the positive environmental aspects of Bitcoin. He suggests that the EC's approach may be driven by protecting established interests rather than sustainability. Batten urges the crypto community to submit a draft highlighting the net benefit of Bitcoin to the environment and to challenge reports that evaluate its environmental impact. He emphasizes the need for a comprehensive, objective, and scientific framework. Batten calls on individuals to unite and defend the freedom and decentralization that Bitcoin represents.