I think this fundamentally ignores what’s guaranteed to happen in the future: corporate ownership of… everything.
The only thing we own these days is our identity. That said, our digital identities are largely owned by user data companies like VISA, Google, et al.
If applications can run on the blockchain, and users have the ability to immediately and irrevocably “nuke” the personal information stored on the block chain, that massively improves on the centralized database model.
I'm very much deep in crypto, "have skin in the game" big time. But are you being honest there?
A majority of coins are owned by corporations. Some coins already have governance through staked amount of coins. ETH2.0 and PoS will centralize the power to the majority holders of ETHs.
When that happens, corporate/"whale" investors will decide the future implementations. Either through governance voting, or just by basically clogging the execution & blockchain through a strike.
The only thing we own these days is our identity. That said, our digital identities are largely owned by user data companies like VISA, Google, et al.
If applications can run on the blockchain, and users have the ability to immediately and irrevocably “nuke” the personal information stored on the block chain, that massively improves on the centralized database model.