Can You Earn on 51% Attacks?

The video discusses the General Data Protection Regulation (GDPR) and its impact on blockchain technology. GDPR is a legal framework in the EU that gives users rights over their personal data, including the right of erasure. However, blockchain's immutability poses challenges for GDPR compliance. Solutions include changing GDPR, making blockchains illegal, or using private blockchains. The video concludes with a disclaimer that it is not financial or legal advice.

What is the primary focus of GDPR in terms of user data?

• To eliminate the use of cookies

• To give users more control over their personal data

• To allow companies to freely use user data

• To promote data sharing among companies

What is a potential consequence for companies not complying with GDPR?

• They may face a maximum fine of 4% of global revenue

• They may receive tax benefits

• They may be allowed to continue operations without changes

• They may receive a warning

Why is the right of erasure a challenge for blockchain technology?

• Because blockchain data is immutable

• Because blockchain is not used in the EU

• Because blockchain data is easily altered

• Because blockchain does not store personal data

What is one proposed solution to make blockchains GDPR compliant?

• Allowing unlimited data collection

• Eliminating the use of KYC processes

• Introducing special rules for blockchains

• Making all blockchains illegal

What role does KYC play in the context of GDPR and blockchain?

• It allows anonymous transactions

• It is irrelevant to GDPR

• It prevents any form of data collection

• It helps in identifying users for compliance