Incredibly informative conversation with
@hrkrshnn and
@odysseas_eth
My takeaways:
- Without intervention, data on the internet becomes a free-for-all. The cost to exploit vulnerabilities to access personal data is/has dropped to 0.
- As a result, companies will do 1 of 3 things:
-- 1. Increase security spend so that defensive spend>offensive spend
-- 2. Offload data security responsibilities to 3rd party companies who do it as a service
-- 3. Simply delete the data that they don't want the responsibility of securing.
- Is crypto safe? For the most part, yes, because the economic incentive to protect crypto-assets has been very high for a long time. Coinbase/Fireblocks et are under constant barrage of attempted hackings all the time. Still, continued cyber defense investment is a MUST. Crypto is a head of the curve, but the curve is advancing anyay
- Holy f this is so bullish
$VVV. So many companies will want to mimimize their data footprints while also will need to be doing AI inference. Venice sells this as a product.
- Holy f this is so bullish
$ZEC. Everyone's data, financial or otherwise, will likely be stolen from the companies that store it. Privacy is so fucking in. Traceable blockchains that can be linked to exposed identities (i.e. Ledger data breach) are so out. The worst case scenario is that everyones personal info is out in the wild, and this includes all your finances and assets. Zcash hides this again. zillions