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NORWAY IS GOING TO BAN BITCOIN MINING WITHOUT PUBLIC CONSULTATIONS -

WE NEED TO ACT NOW

Norway's Ministry of Digitalisation and Public Administration responded to @ODFoundation that it "has no plans to conduct a public consultation" on a ban on cryptocurrency mining.

There is no doubt that the ban designed to target #Bitcoin mining. Unfortunately, that's a stance of the @Stortinget and the Norwegian government.

https://www.stortinget.no/no/Saker-og-publikasjoner/Publikasjoner/Innstillinger/Stortinget/2023-2024/inns-202324-383s?all=true#m2

🔴 Why we should protect our #freedomtech Bitcoin in #Norway NOW:

(1) Norway is fully integrated in the European Single Market throught the European Economic Area (EEA) and Schengen Agreement. It means Norway can provide its legilsative approach as an input for new legislation for the EU/EEA both:

- during the preparatory phase, when the @EU_Commission is developing proposals;

- during work of expert groups and committees of the European Commission;

- submitting proposals and comments to European Free Trade Association on upcoming legislation.

(2) As a co-founder of the @OECD , Norway sets an example of regulation worldwide and provides its legislative recommedations for global standards.

(3) Norway has historically been a place to meet, share experiences and educate human rights defenders and bitcoiners from around the world.

Norwegian goverment will present its investigation a ban on cryptocurrency mining by the end of 2024.

🔴 What we should do together to prevent Bitcoin mining ban:

(1) Repost this post and join our #BTC Coalition to educate local communities and media about social benefits of Bitcoin mining in Norway and worldwide;

(2) Help us pool resources and best practices to convince Norwegian politicians and media to explore the social benefits of Bitcoin to prevent this repressive regulation;

(3) If you are a Norwegian citizen: write a letter to your legislator and government asking for public consultation and providing arguments about the social benefits of Bitcoin mining for Norway.

🧡 https://video.nostr.build/8c4d22ba81461b980e8de30b0b4d90831eba257efd45e501408fdd26836ee9f0.mp4

Brock 1y ago

Norway has one of the most progressive views on energy and its commercialization in the world. They actively try to export their socialistic approach to energy commercialization to the rest of the world.

It is not surprising that they view bitcoin mining negatively given that bitcoin mining is difficult for any State apparatus to administer and manage.

It will be difficult for them to maintain this position over time but I am bearish on Norway being on the leading edge of jurisdictions embracing bitcoin mining.

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Discussion

Lyudmyla Kozlovska 1y ago

We can be bearish, but the main question if we are trying at all change it?

Majority of the comments on my post with conclusions “let them ban it and then we will see”.

I truly believe it is a huge mistake and misunderstanding of the consequences.

Everyone who said in the past - let’s do not care about human rights, how bad regulations affects human rights and just move to other jurisdictions at the end of their experience understood - regimes able to reach them in the every place in the world.

Same here: Norwegian regulatory standards will be used as an example for the EU single market, through OECD globally.

#Bitcoin is the same human right as others, it is people behind the technology, its developers, investors, miners and end-users. Bitcoin is not getting funds from the authoritarian world, simply because it is a threat to dictatorship by default. So why you should allow to restrict it while you have all privileges to impact your regulators and change their approach?

It is a matter of responsibility, investment of your time and resources, just like US bitcoin community is doing, and achieving significant success. Without just being complaining or being ignorant.

Brock 1y ago

Not everywhere will be the first. The cost of convincing is real both in actual cost terms as well as opportunity cost terms.

Texas is huge for bitcoin … tons of waste, curtailed, and spare energy in a favorable political / regulatory regime. I’d expect that Texas’s success will be more convincing for other regimes missing out than the pleas of a small group of passionate citizens.

Regimes will get FOMO…good thing for you is that Norway is sophisticated so they’ll be one of the first regimes to realize what they’re missing.

Lyudmyla Kozlovska 1y ago

Texas bitcoiners have a lot of challenges with local and federal policymakers too, but they ADDRESS THEM, they really fight for their rights and GETTING RESULTS.

That is my main point :) you work and show PoW. Or you don’t work and there is no PoW.

Brock 1y ago

Just be sure you’re allocating your capital efficiently! Would love to see Norway be a leader in bitcoin mining. Good luck!