What are some interesting or exciting technologies that you have heard about recently which you think may be important for online privacy/security in the future?

[archerallstars]

@pinkandwhite

You didn’t really address the technical point beyond “but but it requires lots of people!!”.

No, I didn’t bring up this point. You’re the one who said if there’s enough people, they could just take a control of my wallet, which is totally ridiculous, by the way :

@pinkandwhite

Enough people were like “oh we don’t like [thing that happened] so we’re going to fork the chain and undo it/do our own thing” and when that has enough backing, oops you just lost control of your wallet/monkey jpegs/online identity.

And this, again, really shows you have zero clue about how blockchain securities work:

@pinkandwhite

There’s also the whole category of attacks on blockchains that exist like the 51% attack and so on.

Before anything else, you should educate yourself with the actual docs referred to this issue:

Proof-of-stake (PoS)

Basically, to even have a chance to alter the chain, you would need at least $34.476 billions USD to even have a chance to do so according to the current stake value of ETH. I believe that this is not a practical value for any random group of people to achieve in reality. In fact, if it’s economical to do so, it would happen a long time ago, why not?

@pinkandwhite

what did ETH and BTC peak at and where are they at now?

Oh, for ETH it used to peak at around $1,300 USD in 2018, or $4,700 USD in 2021, now it’s at $2,300 USD, see: Ethereum price today, ETH to USD live price, marketcap and chart | CoinMarketCap. It’s around $7-16 USD in 2016, though. For BTC, you can see for yourself, the price movement is similar to ETH.

So, what’s your point?

Contrary to typical fiat currencies, which inflate over time, crypto assets rise in value. It seems your point is the other way around.

@pinkandwhite

And how are you going to actually convert that monopoly money into real tangible items

Monopoly doesn’t have anything to do with cryptocurrency. That’s what your banks are doing with loan, interest, etc. The price of cryptocurrency is mainly based on demand and supply of the market. Do you have around $3 billions USD in your pocket? If you have that amount of money to buy ETH, then, you can move ETH price up by 1%. And at that time, a lot of people might want to take a profit, and you lost $3 billions instantly

And you would need more money along with insanity to manipulate BTC price

@pinkandwhite

if the exchange owners keep getting arrested for fraud… oops!

Fortunately, no sane person would keep their money in any exchange. Moreover, most crypto exchanges are regulated, just like your banks. But wait! Even banks bankrupt sometime, right?

@pinkandwhite

And finally, like any other speculative asset, you don’t gain or lose value until you sell

What’s your point? Assuming you buy a house for profit, do you always have the money at the evaluated asset value in your pocket? It seems you shouldn’t invest on anything at all.

@pinkandwhite

That wallet is useless if the blockchain itself has no value to anyone beyond yourself.

By no value, do you mean ETH? If yes, then, I doubt it. Compared to 99.99% of all the companies in the world, I would say they would demise before ETH. It seems you’re really out of touch with reality.

@pinkandwhite

Which Web 2.0 account??? There’s no one Definitive Web 2.0 Account™️

Do you know there are more than a few SEO tools specifically designed for this? For example, MASS Gmail Account Creator, GET FACreator - Fast Web 2.0 Account Creator, Mass Web2.0 Account Creator. They pop up in my quick Brave search’s first page.

@pinkandwhite

My assets are not stored on the web, because that’s stupid.

Yet, you’re OK with storing your account on the web Do you know you can use a crypto wallet for your account for free, in which your account data is not stored on the web?

@pinkandwhite

The chance of [insert crypto here] going bust is probably far more likely than the whole global banking system or my national government going bust, no?

Compared to the whole global banking system, maybe yes or no. At least, over 100 banks around the world use one of the crypto network (Ripple) in their infrastructure, including the second-biggest bank in the USA, Bank of America.

@pinkandwhite

[Citation needed]

Top 5 Web3 Applications

The total market size of Web 3.0, including blockchain, NFTs, the metaverse, and other technologies, is expected to reach 81.5 billion dollars in 2030.

We will also see more and more best web3 websites emerge that take advantage of the unique features of Web 3.0, such as decentralization and blockchain technology.

Do you still think Web 3 is a meme?

@pinkandwhite

Web3 (not Web 3.0, crypto/blockchain fluff is not Semantic Web) is a meme