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Niels
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Leerentveld 1 year ago
The current threat to Bitcoin and proof of work from the EU, bureaucrats, and regulators stems from three main lines of attack. The first is the perception of Bitcoin as a tool for money laundering and terrorism financing. The second and third lines of attack are related to energy security and environmental sustainability, with the European Commission viewing proof of work as an energy-wasting mechanism and an outdated consensus mechanism harmful to the environment. #podcast #PoW Stephan Livera Podcast 542 with Lyudmyla Kozlovska and Bota Jardemalie:
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Leerentveld 1 year ago
Big Tech companies, including Alphabet, Amazon, Apple, Meta, and Microsoft, received fines totaling $3.04 billion in 2023 for breaking laws. However, as of the first week of 2024, these companies had already earned enough revenue to pay off all the fines. This shows that the fines are insignificant for companies with large revenues, and they view them as merely the cost of doing business.