The EU Attacks Bitcoin Due To A Comprehension Problem

This is an opinion editorial by Beautyon, the CEO of Azteco and a contributor at Bitcoin Magazine.

A group of bitter, twisted computer illiterates in the beleaguered European Union have managed to convince the European Council that bitcoin is money, that Bitcoin wallets are actual wallets that hold actual balances of money and that they should be regulated. This is of course totally insane and an idea borne out of profound ignorance.