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by cs702 1772 days ago
WINNERS: Large corporations and financial institutions. They can afford the now-required overhead for all kinds of services, including transaction processing with fees and rewards, i.e., mining, and make a nice profit at high volumes.

LOSERS: Smaller service providers. They cannot afford the now-required overhead because they don't have sufficient economies of scale.

2 comments

WINNERS: Rule of law

LOSERS: Criminals who saw so much hope in trivially laundering their ill gotten gains now see that as slightly less likely.

What? You expected the U.S. Government to not go after maintaining the levers it needs to project power through economic control of who is allowed to transact what?
There are less heavy ham-fisted approaches they could take. But they don't seem inclined or even interested in knowing the topic well enough to figure out how to do so.