France just passed one of the most insane internet taxes I've seen.
€0.055 per GB sent to French users. Passed 11-10 with only 35 out of 577 deputies even showing up to vote.
Let that sink in. 21 people decided policy for 68M citizens.
The math is brutal:
• One GTA 6 download (218GB) = €12 tax on the platform
• VLC (a FREE nonprofit app) now owes €1M+ annually
• Netflix, Google, Meta, Amazon all hit
Sure, "companies pay it not users" - but we all know how this ends. Costs get passed down, platforms restrict access, or they just geofence France entirely.
This is what regulatory capture looks like. Bureaucrats taxing data flow while claiming it's about "fairness."
Crypto fixes this. Decentralized infrastructure, censorship resistance, permissionless access. No 11-vote backdoor deals.
Bullish on decentralized CDNs and storage. $FIL $AR $STORJ about to look real good if this spreads.
€0.055 per GB sent to French users. Passed 11-10 with only 35 out of 577 deputies even showing up to vote.
Let that sink in. 21 people decided policy for 68M citizens.
The math is brutal:
• One GTA 6 download (218GB) = €12 tax on the platform
• VLC (a FREE nonprofit app) now owes €1M+ annually
• Netflix, Google, Meta, Amazon all hit
Sure, "companies pay it not users" - but we all know how this ends. Costs get passed down, platforms restrict access, or they just geofence France entirely.
This is what regulatory capture looks like. Bureaucrats taxing data flow while claiming it's about "fairness."
Crypto fixes this. Decentralized infrastructure, censorship resistance, permissionless access. No 11-vote backdoor deals.
Bullish on decentralized CDNs and storage. $FIL $AR $STORJ about to look real good if this spreads.