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.
How Decentralized Tech Can End the Privacy Crisis in 2020
gepubliceerd op Dec 19, 2019
by Coindesk | gepubliceerd op Coinage
Coinage
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.