My understanding is that GAFA (sometimes GAFAM, including Microsoft) is a european term, while FAANG is an american one.
272 karma · joined April 30, 2014
I agree the required power must have grown since 2014. But not knowing by which factor, one can only assume it's still feasible.
I can't find any source for it, but I remember reading not so long ago that 2 or 3 mining pools were responsible for 2/3 of the total bitcoin mining power. That's not something in favor of trusting the blockain as infallible.
If you wish to keep having diversity in your cultural industry, that's not a bad thing.