Hacker News Reader

Comment by wtvanhest | Hacker News Reader

Yeah. I started really digging in earlier this year and what I realized was that web3 offers true ownership over the important parts of your online identity.

For the average user, it’s not exceptionally helpful yet, but for power users like celebrities, politicians and executives, it is extremely valuable.

Where they go everyone else will go. Web3 has a massive future

View on HN

Why would these types of people want all their data available on a public chain?

They want their public data public, but owned. It won’t be ‘on chain’ it will be off chain but the ownership token will be ‘on chain’.

As an example, they may have their public photos in IPFS, served from their server (or shared pointers), but will have ownership rights of those photos on chain.

That is different than Instagram where Facebook owns the images.

They cannot be deplatformed which is valuable. The question is whether it’s value exceeds the value of Instagram distribution.

Celebrities wouldn't care who owns the photos, all that matters is whether exposure leads to jobs.

The photos are valuable only to the photographer, who has the right to license it to Getty and others.

Keep in mind that you can have a "public" (doxxed) address that you use for certain activities, as well as other addresses that you use for other private activities. It can be tricky to "break the chain" between addresses if you send/receive between them, but it's entirely possible.

Celebrities, politicians, and executives and the farthest thing from a power user as is possible in this universe.

Did you mean people with a lot at stake in regards to their public image?

Power users in terms of social media

These people rarely, if ever, manage their own profiles. Not sure how something like Web3 would help their use case. Thoughts?

Reply on news.ycombinator.com