How Decentralized Tech Can End the Privacy Crisis in 2020

gepubliceerd op by Coindesk | gepubliceerd op

I want to focus on perhaps the largest problem facing our world: the privacy crisis.

The privacy crisis is like a distant war - severe consequences for many, expensive and destructive, but often just far enough out of view to be forgotten.

In the race to capture users and new markets, privacy and security have been afterthoughts.

Looking at what Libra means for the privacy crisis, we do not see a solution.

Instead, we see an existential threat to user privacy - and an example of Facebook's well-documented anti-competitive behavior that would perpetuate and extend their role in the surveillance economy.

Of course, corporations and the governments who attempt to regulate them are often at odds themselves - but when it comes to protecting the privacy of individuals, neither is incentivized to care much at all.

This means decentralized technologies can and should play a role in mitigating the privacy crisis.

Blockchains are facing their own privacy crisis, since their nature is to be public and auditable.

We must keep our focus on how we build decentralized technologies and networks that solve the real problems the world faces.

We must keep our focus on preserving privacy and censorship resistance as we pursue mass adoption.

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