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This Is What Happens When You Let the Cool Kids in Charge: Govs Plan to Wipe Out All Public Blockchains Because, Apparently, They’re Just Too Annoying

BitcoinBlockchainCrypto News Linda Williams October 7, 2024

A illustration depicting a group of stern-looking governors holding a large 'X' symbol over a public blockchain network, with broken chains and scattered cryptocurrency coins in their wake. In the background, a few rebellious blockchains are shown trying to escape or hide from the governor's grasp.

It’s Official: Governments Are Tired Of Your Shitty Cryptocurrency.

Source: cointelegraph

Academic paper suggests governments should attack public blockchains
https://cointelegraph.com/news/academic-paper-suggests-state-actors-attack-privacy-chains
An academic paper titled: "Reconciliation of Anti-Money Laundering Instruments and European Data Protection Requirements in Permissionless Blockchain Spaces" published in the Journal of Cybersecurity suggests that governments should target cryptocurrencies — especially privacy preserving chains — to combat money laundering. The author of the paper outlined several methods of undermining trust in permissionless blockchains including 51% attacks, price suppression, and Sybil attacks — a type of malicious activity in which […]

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About the author

Linda Williams

Linda’s venture into cryptocurrency ended in a gut-wrenching disaster when she lost her private keys due to a ridiculous mishap involving coffee and a particularly reckless cat. With her funds locked away forever, Linda now pours her frustration into writing biting critiques of crypto’s absurdities, dripping with sarcasm. Her tagline? “I lost my private keys and my sanity. Crypto promised freedom, but all it gave me was a lifetime of regret.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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