It's a bit extreme to refer to that "climate" summit "guests" as cattle, but I won't deny it gave me a chuckle.
>the inhumane conditions in which the cattle are raised
Gosh, that's sad. One way to go about it is to vote with your hard-earned and only buy meat from the Ethically Raised in the Swiss Alps Cows that look quite happy on the photos then.
I honestly think it must be mostly sour grapes, since by far, cash and other traditional payment methods facilitate the vast, vast majority of crime and fraud, and cryptocurrency is the only universally accessible, trustless, (nearly) costless, instant, global system for the transfer of value between two parties.
It is by far a better system, even with its flaws. Which is why, yes, many criminals use it, just as they use cash. Because it works.
These platforms rely on ads to survive. Which means it should be easy to regulate them. You can prevent them from selling ads at which point they will be forced to comply. If they don't, someone else will get the ad revenue. Europe is already hostile towards american tech giants anyways.
The possibilities are endless. Pass a law that forces all social media with more than x users to not implement constant scrolling, make their ranking algorithm open source, allow people to use their own algorithms, employ robust moderation etc.
Instead we have a blanket ban that requires id checks but leaves the manipulation machine intact so it can prey on adults. Mental health is not the real issue here. They want to be able to track people and destroy anonimity online. Children are a convenient excuse.