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How on earth is blockchain going help? Seriously! There is no conceptual situation, in theory or practice, that blockchain will improve upon Facebook situation. Generally speaking, Facebook is bad for about 5 reasons:
1. Privacy: unexpected people see your data (legally).
2. Right-to-be-forgotten: your data sticks around longer than expected.
3. Data Security: your data is stolen from your data keeper.
4. Cyberbully: Unwanted data surfaces without your control
5. Fake news: wrong information is fed to you. How do blockchains help with ANY of these? 2. is certainly getting WORSE, since blockchains never forget. 1. is probably getting WORSE, because most blockchains are public. 3. is getting SO MUCH WORSE, because so many other people will now store data, and compromises in any of them will expose everything (think African Prince scam). 4. will become impossible to solve, because the data is going to be public and cannot be deleted, and because all of those anonymous mechanism will ensure that the culprit is impossible to track. 5. won't be impacted. So, tell me, how the hell do blockchains help? Seriously. Look, I know blockchain is a cool idea (yay! no need for central database!). However, central database can help in many situation, especially in anything involves history, limit of access, and regulation. |