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The difference between Facebook and your bank is that it's illegal for your bank to just say "you don't have an account here anymore and we're never giving back
by josephcsible 2y ago
The difference between Facebook and your bank is that it's illegal for your bank to just say "you don't have an account here anymore and we're never giving back any of your deposits".
- pm90 2y agoI mean why stop there with this analogy? we didn’t solve that problem by building decentralized banks. As a society the solution we came up to this is regulations around what banks can or can’t do, how much notice they must give you. If user data is so valuable (and I would vehemently argue that it is) we must have regulations to protect that.
- johnnyanmac 2y agowell, people are trying. Jury's still out on that one. But yes, we're in a weird spot of "clearly this is altering society" and "it's just an app bro". The latter is shedding away, but the powers that be will try to delay it as much as possible to squeeze out a few billion more dollars.