Our main messages:

1) Due to the upcoming reform, which extended role of the European Central Bank, we’re concerned particularly about the EU's regulatory approach to implement the PoW ban by 2025 by creating a policy toolbox that “disincentives investing in such assets [as #Bitcoin ] from the outset and prevents the build-up of transition risk through crypto-assets in the banking system".

2) We pointed out that the proposed sustainability indicators in #MiCA should take into account the positive social impact played by PoW/Bitcoin as instrument of:

- resisting financial exclusion,

- humanitarian aid delivery,

- human rights support,

- protection against electoral fraud and potential misuse of #AI and disinformation campaigns, as well as

- facilitation of adoption of renewable energy sources.

3) We believe that the credibility of the two existing blockchain consensus mechanisms (PoW and #PoS), as evaluated by their actual popularity and specific applications, should be studied and applied impartially, avoiding biases potentially arising from lobbying by select interest groups associated with the commercial providers of some of the technologies.

4) We fully share the views regarding the positive sustainability disclosures related to Bitcoin proposed, as part of the consultation, by the @bitcoinpolicyuk .

5) We call on the #EU policymaking bodies to take into account the provided testimonials and include this contribution in the relevant regulations.

To make sure our recommendations are implemented we need:

1) bitcoiners' support and participation in our advocacy campaign in defence of PoW starting from January 2024!

2) more academic research, with properly disclosed data, peer-reviewed about the PoW!