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In web2, we are beholden to centralized entities that monopolize and profit off of our data. Web3 promises to release us from these shackles by enabling everyon
by shekarramaswamy 5y ago
In web2, we are beholden to centralized entities that monopolize and profit off of our data. Web3 promises to release us from these shackles by enabling everyone to access data living on the blockchain.
While it is certainly appealing that institutions no longer have the power to hold our data hostage, it is still important to ask: what does the public and transparent nature of web3 mean for our privacy?
- dandanua 5y agoThe rise of monopolies is absolutely unrelated to how web operates. Crypto world already has monopolies with unmatched power. And you have even less privacy there, because transactions are public.
- exdsq 5y ago*Some transactions are public. Where Public == an Address. Wallet-Address pairings aren't public and Wallet can have many Addresses. You can have a new one for every transaction if you want. And it'll only become linked to you as a person if you withdraw to a bank. So I think it does have quite a bit of privacy.
- cuteboy19 5y agoOn any given website, you can create an endless amount of accounts revealing exactly 0 personal information. Whereas with web3 you always need to expose an address that may or may not reveal some payments info So based on this knowledge, web3 is less private than what we have now
- simooooo 5y ago
- deleted 5y ago[deleted]