[bravenous]

True but you missing the point. This shared database gives the power of decentralisation- you won’t get cancelled - the so called permission less data. Nobody is control yet everybody has some control - true democracy.

The public transaction problem is solved by bullet & zero knowledge proofs in currencies like Monero & Zcash. I trust Monero more as it seems Zcash has a on demand back door to unravel specific transactions.

Web3 is a panacea but it might take a decade to arrive as the building blocks are in place.