many Australians believe BTC was invented by Mask 09 Aug 2022

56% of Australians believe that BTC was invented by Elon Musk, and a politician from Germany speaks for limiting bitcoin miners

56% of Australians believe that BTC was invented by Elon Musk, and a politician from Germany speaks for limiting bitcoin miners | by BestChange | Medium

Poll: over 50% of Australians think that Elon Musk is the creator of BTC

According to a survey of Finder website users, 56% of Australians believe Elon Musk is the creator of Bitcoin. They had never heard of Satoshi Nakamoto. The study involved over a thousand Australian residents.

Many of those surveyed do not know that the Bitcoin supply is limited to 21 million cryptocoins. 44% of respondents are sure that the number of BTC is not limited.

In addition, 25% of survey participants said they have already purchased cryptocurrency or intend to do so by the end of the year. However, about 20% of respondents do not know how to do this.

German politician advocates restricting bitcoin miners

Sven Giegold, a politician from Germany, considers it necessary to pass a law that limits the consumption of electricity by bitcoin miners. The deputy calls for the introduction of appropriate restrictions on the territory of the European Union.

“As long as cryptocurrencies were small sandbox games, there was no need for regulation, and it was necessary to give innovative technologies room for development. But if something becomes ecologically damaging on the scale of mining cryptocurrencies like Bitcoin, then you have to intervene,’’ the politician said.

According to Giegold, carbon dioxide emissions from BTC miners are a threat to the German economy. The MEP stressed that the regulation of the cryptocurrency mining industry lags far behind the development of this industry.